MSFT FY 2022 Earnings Report — Microsoft Corporation Revenue & Financial Results | Market Cap Arena

Microsoft CorporationMSFT

FY 2022 Earnings

Reported July 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$198.3B	—	$168.1B	—	18.0%
Op. Income	$83.4B	—	$69.9B	—	19.3%
Gross Margin	68.4%	—	68.9%	—	-0.5pp
Net Margin	36.7%	—	36.5%	—	0.2pp
EPS (Diluted)	$9.65	—	$8.05	—	19.9%
Free Cash Flow	$65.1B	—	$56.1B	—	16.1%

Revenue Flow

Item	Amount
REVENUE	$198.3B
Cost of Revenue	$62.6B
GROSS PROFIT	$135.6B
R&D Expenses	$24.5B
Selling & Marketing	$21.8B
General & Administrative	$5.9B
SG&A Expenses	$27.7B
Other Expenses	$0
Operating Expenses	$52.2B
Cost & Expenses	$114.9B
OPERATING INCOME	$83.4B
Interest Income	$2.1B
Interest Expense	$2.1B
Other Income/Expenses	$333M
INCOME BEFORE TAX	$83.7B
Income Tax Expense	$11.0B
Net Income from Continuing Ops	$72.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72.7B
D&A	$14.5B
EBIT	$85.8B
EBITDA	$100.2B
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$198.3B
Cost of Revenue	$62.6B
GROSS PROFIT	$135.6B
R&D Expenses	$24.5B
Selling & Marketing	$21.8B
General & Administrative	$5.9B
SG&A Expenses	$27.7B
Other Expenses	$0
Operating Expenses	$52.2B
Cost & Expenses	$114.9B
OPERATING INCOME	$83.4B
Interest Income	$2.1B
Interest Expense	$2.1B
Other Income/Expenses	$333M
INCOME BEFORE TAX	$83.7B
Income Tax Expense	$11.0B
Net Income from Continuing Ops	$72.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72.7B
D&A	$14.5B
EBIT	$85.8B
EBITDA	$100.2B
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$72.7B
Depreciation & Amortization	$14.5B
Stock-Based Compensation	$7.5B
Deferred Income Tax	-$5.7B
Other Non-Cash Items	-$409M
Change in Working Capital	$446M
OPERATING CASH FLOW	$89.0B
Capital Expenditure	-$23.9B
Acquisitions (Net)	-$22.0B
Purchases of Investments	-$26.5B
Sales/Maturities of Investments	$44.9B
Other Investing Activities	-$2.8B
NET CASH FROM INVESTING	-$30.3B
Net Debt Issuance	-$9.0B
Common Stock Repurchased	-$32.7B
Common Dividends Paid	-$18.1B
Other Financing Activities	-$863M
NET CASH FROM FINANCING	-$58.9B
FREE CASH FLOW	$65.1B
Net Change in Cash	-$293M

Balance Sheet

Item	Amount
Cash & Equivalents	$13.9B
Short-Term Investments	$90.8B
Net Receivables	$44.3B
Inventory	$3.7B
Other Current Assets	$16.9B
TOTAL CURRENT ASSETS	$169.7B
PP&E (Net)	$87.5B
Goodwill	$67.5B
Intangible Assets	$11.3B
Long-Term Investments	$6.9B
Tax Assets	$0
Other Non-Current Assets	$21.9B
TOTAL NON-CURRENT ASSETS	$195.2B
TOTAL ASSETS	$364.8B
Account Payables	$19.0B
Short-Term Debt	$2.7B
Deferred Revenue	$45.5B
Other Current Liabilities	$20.4B
TOTAL CURRENT LIABILITIES	$95.1B
Long-Term Debt	$47.0B
Deferred Revenue NC	$2.9B
Deferred Tax Liabilities	$230M
Other Non-Current Liabilities	$27.8B
TOTAL NON-CURRENT LIABILITIES	$103.2B
TOTAL LIABILITIES	$198.3B
Common Stock	$86.9B
Additional Paid-In Capital	$0
Retained Earnings	$84.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$4.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$166.5B
Minority Interest	$0
TOTAL EQUITY	$166.5B
TOTAL LIABILITIES & EQUITY	$364.8B
Total Debt	$78.4B
Net Debt	$64.5B