MSFT FY 2021 Earnings Report — Microsoft Corporation Revenue & Financial Results | Market Cap Arena

Microsoft CorporationMSFT

FY 2021 Earnings

Reported July 29, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$168.1B	—	$143.0B	—	17.5%
Op. Income	$69.9B	—	$53.0B	—	32.0%
Gross Margin	68.9%	—	67.8%	—	1.1pp
Net Margin	36.5%	—	31.0%	—	5.5pp
EPS (Diluted)	$8.05	—	$5.76	—	39.8%
Free Cash Flow	$56.1B	—	$45.2B	—	24.1%

Revenue Flow

Item	Amount
REVENUE	$168.1B
Cost of Revenue	$52.2B
GROSS PROFIT	$115.9B
R&D Expenses	$20.7B
Selling & Marketing	$20.1B
General & Administrative	$5.1B
SG&A Expenses	$25.2B
Other Expenses	$0
Operating Expenses	$45.9B
Cost & Expenses	$98.2B
OPERATING INCOME	$69.9B
Interest Income	$2.1B
Interest Expense	$2.3B
Other Income/Expenses	$1.2B
INCOME BEFORE TAX	$71.1B
Income Tax Expense	$9.8B
Net Income from Continuing Ops	$61.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61.3B
D&A	$11.7B
EBIT	$73.4B
EBITDA	$85.1B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$168.1B
Cost of Revenue	$52.2B
GROSS PROFIT	$115.9B
R&D Expenses	$20.7B
Selling & Marketing	$20.1B
General & Administrative	$5.1B
SG&A Expenses	$25.2B
Other Expenses	$0
Operating Expenses	$45.9B
Cost & Expenses	$98.2B
OPERATING INCOME	$69.9B
Interest Income	$2.1B
Interest Expense	$2.3B
Other Income/Expenses	$1.2B
INCOME BEFORE TAX	$71.1B
Income Tax Expense	$9.8B
Net Income from Continuing Ops	$61.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61.3B
D&A	$11.7B
EBIT	$73.4B
EBITDA	$85.1B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$61.3B
Depreciation & Amortization	$11.7B
Stock-Based Compensation	$6.1B
Deferred Income Tax	-$150M
Other Non-Cash Items	-$1.2B
Change in Working Capital	-$936M
OPERATING CASH FLOW	$76.7B
Capital Expenditure	-$20.6B
Acquisitions (Net)	-$8.9B
Purchases of Investments	-$62.9B
Sales/Maturities of Investments	$65.8B
Other Investing Activities	-$922M
NET CASH FROM INVESTING	-$27.6B
Net Debt Issuance	-$3.8B
Common Stock Repurchased	-$27.4B
Common Dividends Paid	-$16.5B
Other Financing Activities	-$2.5B
NET CASH FROM FINANCING	-$48.5B
FREE CASH FLOW	$56.1B
Net Change in Cash	$648M

Balance Sheet

Item	Amount
Cash & Equivalents	$14.2B
Short-Term Investments	$116.0B
Net Receivables	$38.0B
Inventory	$2.6B
Other Current Assets	$13.5B
TOTAL CURRENT ASSETS	$184.4B
PP&E (Net)	$70.8B
Goodwill	$49.7B
Intangible Assets	$7.8B
Long-Term Investments	$6.0B
Tax Assets	$0
Other Non-Current Assets	$15.1B
TOTAL NON-CURRENT ASSETS	$149.4B
TOTAL ASSETS	$333.8B
Account Payables	$15.2B
Short-Term Debt	$8.1B
Deferred Revenue	$41.5B
Other Current Liabilities	$19.0B
TOTAL CURRENT LIABILITIES	$88.7B
Long-Term Debt	$50.1B
Deferred Revenue NC	$2.6B
Deferred Tax Liabilities	$198M
Other Non-Current Liabilities	$28.9B
TOTAL NON-CURRENT LIABILITIES	$103.1B
TOTAL LIABILITIES	$191.8B
Common Stock	$83.1B
Additional Paid-In Capital	$0
Retained Earnings	$57.1B
Treasury Stock	$0
Accum. Other Comp. Income	$1.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$142.0B
Minority Interest	$0
TOTAL EQUITY	$142.0B
TOTAL LIABILITIES & EQUITY	$333.8B
Total Debt	$82.3B
Net Debt	$68.1B