MSFT FY 2020 Earnings Report — Microsoft Corporation Revenue & Financial Results | Market Cap Arena

Microsoft CorporationMSFT

FY 2020 Earnings

Reported July 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$143.0B	—	$125.8B	—	13.6%
Op. Income	$53.0B	—	$43.0B	—	23.3%
Gross Margin	67.8%	—	65.9%	—	1.9pp
Net Margin	31.0%	—	31.2%	—	-0.2pp
EPS (Diluted)	$5.76	—	$5.06	—	13.8%
Free Cash Flow	$45.2B	—	$38.3B	—	18.2%

Revenue Flow

Item	Amount
REVENUE	$143.0B
Cost of Revenue	$46.1B
GROSS PROFIT	$96.9B
R&D Expenses	$19.3B
Selling & Marketing	$19.6B
General & Administrative	$5.1B
SG&A Expenses	$24.7B
Other Expenses	$0
Operating Expenses	$44.0B
Cost & Expenses	$90.1B
OPERATING INCOME	$53.0B
Interest Income	$2.7B
Interest Expense	$2.6B
Other Income/Expenses	$77M
INCOME BEFORE TAX	$53.0B
Income Tax Expense	$8.8B
Net Income from Continuing Ops	$44.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44.3B
D&A	$12.8B
EBIT	$55.6B
EBITDA	$68.4B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$143.0B
Cost of Revenue	$46.1B
GROSS PROFIT	$96.9B
R&D Expenses	$19.3B
Selling & Marketing	$19.6B
General & Administrative	$5.1B
SG&A Expenses	$24.7B
Other Expenses	$0
Operating Expenses	$44.0B
Cost & Expenses	$90.1B
OPERATING INCOME	$53.0B
Interest Income	$2.7B
Interest Expense	$2.6B
Other Income/Expenses	$77M
INCOME BEFORE TAX	$53.0B
Income Tax Expense	$8.8B
Net Income from Continuing Ops	$44.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44.3B
D&A	$12.8B
EBIT	$55.6B
EBITDA	$68.4B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$44.3B
Depreciation & Amortization	$12.8B
Stock-Based Compensation	$5.3B
Deferred Income Tax	$11M
Other Non-Cash Items	-$219M
Change in Working Capital	-$1.5B
OPERATING CASH FLOW	$60.7B
Capital Expenditure	-$15.4B
Acquisitions (Net)	-$2.5B
Purchases of Investments	-$77.2B
Sales/Maturities of Investments	$84.2B
Other Investing Activities	-$1.2B
NET CASH FROM INVESTING	-$12.2B
Net Debt Issuance	-$5.5B
Common Stock Repurchased	-$23.0B
Common Dividends Paid	-$15.1B
Other Financing Activities	-$3.8B
NET CASH FROM FINANCING	-$46.0B
FREE CASH FLOW	$45.2B
Net Change in Cash	$2.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$13.6B
Short-Term Investments	$123.0B
Net Receivables	$32.0B
Inventory	$1.9B
Other Current Assets	$11.5B
TOTAL CURRENT ASSETS	$181.9B
PP&E (Net)	$52.9B
Goodwill	$43.4B
Intangible Assets	$7.0B
Long-Term Investments	$3.0B
Tax Assets	$0
Other Non-Current Assets	$13.1B
TOTAL NON-CURRENT ASSETS	$119.4B
TOTAL ASSETS	$301.3B
Account Payables	$12.5B
Short-Term Debt	$3.7B
Deferred Revenue	$36.0B
Other Current Liabilities	$15.7B
TOTAL CURRENT LIABILITIES	$72.3B
Long-Term Debt	$59.6B
Deferred Revenue NC	$3.2B
Deferred Tax Liabilities	$204M
Other Non-Current Liabilities	$31.1B
TOTAL NON-CURRENT LIABILITIES	$110.7B
TOTAL LIABILITIES	$183.0B
Common Stock	$80.6B
Additional Paid-In Capital	$0
Retained Earnings	$34.6B
Treasury Stock	$0
Accum. Other Comp. Income	$3.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$118.3B
Minority Interest	$0
TOTAL EQUITY	$118.3B
TOTAL LIABILITIES & EQUITY	$301.3B
Total Debt	$82.1B
Net Debt	$68.5B