Microsoft Corporation (MSFT) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
ONE MICROSOFT WAY REDMOND, WA 98052-6399 |
| State of Incorp. | WA |
| Fiscal Year End | June 30 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2023 | 12/31/2022 MRQ | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 99,508 | 104,757 | 130,334 | 136,527 | 133,819 | 133,768 | |||
| Cash and cash equivalents | 15,646 | 13,931 | 14,224 | 13,576 | 11,356 | 11,946 | |||
| Short-term investments | 83,862 | 90,826 | 116,110 | 122,951 | 122,463 | ||||
| Other undisclosed cash, cash equivalents, and short-term investments | 121,822 | ||||||||
| Receivables | 35,833 | 44,261 | 38,043 | 32,011 | 29,524 | 26,481 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,980 | 3,742 | 2,636 | 1,895 | 2,063 | 2,662 | |||
| Inventory | 2,980 | 3,742 | 2,636 | 1,895 | 2,063 | 2,662 | |||
| Other current assets | 19,502 | 16,924 | 13,393 | 11,482 | 10,146 | 6,751 | |||
| Total current assets: | 157,823 | 169,684 | 184,406 | 181,915 | 175,552 | 169,662 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 13,624 | 13,148 | 11,088 | 8,753 | ✕ | ✕ | |||
| Property, plant and equipment | 82,755 | 74,398 | 59,715 | 44,151 | 36,477 | 29,460 | |||
| Long-term investments and receivables | 7,097 | 6,891 | 5,984 | 2,965 | 4,849 | 3,662 | |||
| Long-term investments | 7,097 | 6,891 | 5,984 | 2,965 | 2,649 | 1,862 | |||
| Accounts and financing receivable, after allowance for credit loss | 2,200 | 1,800 | |||||||
| Intangible assets, net (including goodwill) | 78,259 | 78,822 | 57,511 | 50,389 | 49,776 | 43,736 | |||
| Goodwill | 67,905 | 67,524 | 49,711 | 43,351 | 42,026 | 35,683 | |||
| Intangible assets, net (excluding goodwill) | 10,354 | 11,298 | 7,800 | 7,038 | 7,750 | 8,053 | |||
| Other noncurrent assets | 24,994 | 21,897 | 15,075 | 13,138 | 14,723 | 7,442 | |||
| Other undisclosed noncurrent assets | 5,179 | 4,886 | |||||||
| Total noncurrent assets: | 206,729 | 195,156 | 149,373 | 119,396 | 111,004 | 89,186 | |||
| TOTAL ASSETS: | 364,552 | 364,840 | 333,779 | 301,311 | 286,556 | 258,848 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 27,937 | 48,456 | 27,394 | 22,534 | 21,877 | 16,841 | |||
| Taxes payable | ✕ | ✕ | 4,067 | 2,174 | 2,130 | 5,665 | 2,121 | ||
| Employee-related liabilities | ✕ | ✕ | 10,661 | 10,057 | 7,874 | 6,830 | 6,103 | ||
| Accounts payable | 15,354 | 19,000 | 15,163 | 12,530 | 9,382 | 8,617 | |||
| Accrued liabilities | 12,583 | 14,728 | |||||||
| Deferred revenue | 36,982 | 45,538 | 41,525 | 36,000 | ✕ | ✕ | |||
| Debt | 3,997 | 2,749 | 8,072 | 3,749 | 5,516 | 3,998 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 32,676 | 28,905 | ||
| Other liabilities | 12,802 | 13,067 | 11,666 | 10,027 | 9,351 | 8,744 | |||
| Other undisclosed current liabilities | (14,728) | ||||||||
| Total current liabilities: | 81,718 | 95,082 | 88,657 | 72,310 | 69,420 | 58,488 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 44,119 | 58,521 | 59,703 | 67,249 | 66,662 | 72,242 | |||
| Long-term debt, excluding current maturities | 44,119 | 47,032 | 50,074 | 59,578 | 66,662 | 72,242 | |||
| Liabilities, other than long-term debt | 55,579 | 44,695 | 43,431 | 43,448 | 41,956 | 39,832 | |||
| Accounts payable and accrued liabilities | 24,169 | 26,069 | 27,190 | 29,432 | 29,612 | 30,265 | |||
| Deferred revenue | 2,644 | 2,870 | 2,616 | 3,180 | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 4,530 | 3,815 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 233 | 541 | ||
| Deferred income tax liabilities | 289 | 230 | 198 | 204 | ✕ | ✕ | |||
| Other liabilities | 16,479 | 15,526 | 13,427 | 10,632 | 7,581 | 5,211 | |||
| Operating lease, liability | 11,998 | 11,489 | 9,629 | 7,671 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 6,188 | 5,568 | |||||||
| Total noncurrent liabilities: | 99,698 | 103,216 | 103,134 | 110,697 | 114,806 | 117,642 | |||
| Total liabilities: | 181,416 | 198,298 | 191,791 | 183,007 | 184,226 | 176,130 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 183,136 | 166,542 | 141,988 | 118,304 | 102,330 | 82,718 | |||
| Accumulated other comprehensive income (loss) | (6,457) | (4,678) | 1,822 | 3,186 | (340) | (2,187) | |||
| Retained earnings | 99,368 | 84,281 | 57,055 | 34,566 | 24,150 | 13,682 | |||
| Other undisclosed equity, attributable to parent | 90,225 | 86,939 | 83,111 | 80,552 | 78,520 | 71,223 | |||
| Total equity: | 183,136 | 166,542 | 141,988 | 118,304 | 102,330 | 82,718 | |||
| TOTAL LIABILITIES AND EQUITY: | 364,552 | 364,840 | 333,779 | 301,311 | 286,556 | 258,848 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 | 12/31/2022 TTM | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 204,094 | 198,270 | 168,088 | 143,015 | 125,843 | 110,360 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (64,984) | (62,650) | (52,232) | (46,078) | (42,910) | (38,353) | ||
| Gross profit: | 139,110 | 135,620 | 115,856 | 96,937 | 82,933 | 72,007 | ||
| Operating expenses | (56,295) | (52,237) | (45,940) | (43,978) | (39,974) | (36,949) | ||
| Operating income: | 82,815 | 83,383 | 69,916 | 52,959 | 42,959 | 35,058 | ||
| Nonoperating income (expense) | (227) | 333 | 1,186 | 77 | 729 | 1,416 | ||
| Investment income, nonoperating | 1,958 | 2,503 | 3,380 | 2,899 | 3,554 | 4,426 | ||
| Gain (loss), foreign currency transaction, before tax | (93) | (75) | 54 | (191) | (82) | (218) | ||
| Other nonoperating income (expense) | (103) | (32) | 98 | (40) | (57) | (59) | ||
| Interest and debt expense | (1,989) | (2,063) | (2,346) | (2,591) | (2,686) | (2,733) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 2,346 | 2,591 | 2,686 | 2,733 | ||||
| Income from continuing operations before equity method investments, income taxes: | 80,599 | 81,653 | 71,102 | 53,036 | 43,688 | 36,474 | ||
| Other undisclosed income from continuing operations before income taxes | 1,989 | 2,063 | ||||||
| Income from continuing operations before income taxes: | 82,588 | 83,716 | 71,102 | 53,036 | 43,688 | 36,474 | ||
| Income tax expense | (15,139) | (10,978) | (9,831) | (8,755) | (4,448) | (19,903) | ||
| Income from continuing operations: | 67,449 | 72,738 | 61,271 | 44,281 | 39,240 | 16,571 | ||
| Income before gain (loss) on sale of properties: | ✕ | 51,024 | 72,738 | 61,271 | 44,281 | 39,240 | 16,571 | |
| Net income available to common stockholders, diluted: | 67,449 | 72,738 | 61,271 | 44,281 | 39,240 | 16,571 | ||
Comprehensive Income ($ in millions)
| 6/30/2023 | 12/31/2022 TTM | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 67,449 | 72,738 | 61,271 | 44,281 | 39,240 | 16,571 | ||
| Comprehensive income: | 67,449 | 72,738 | 61,271 | 44,281 | 39,240 | 16,571 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (6,894) | (6,500) | (1,374) | 3,526 | 1,914 | (2,856) | ||
| Comprehensive income, net of tax, attributable to parent: | 60,555 | 66,238 | 59,897 | 47,807 | 41,154 | 13,715 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.