Microsoft Corporation (MSFT) financial statements (2021 and earlier)

Company profile

Business Address ONE MICROSOFT WAY
REDMOND, WA 98052-6399
State of Incorp. WA
Fiscal Year End June 30
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:131,968136,527133,819133,768132,981113,24096,526
Cash and cash equivalents14,43213,57611,35611,9467,6636,5105,595
Short-term investments117,536122,951122,463 125,318106,73090,931
Other undisclosed cash, cash equivalents, and short-term investments   121,822   
Receivables27,31232,01129,52426,48119,79218,27717,908
Inventory, net of allowances, customer advances and progress billings1,9241,8952,0632,6622,1812,2512,902
Inventory1,9241,8952,0632,6622,1812,2512,902
Deferred tax assets    1,915
Other current assets12,76911,48210,1466,7514,8975,8925,461
Total current assets:173,973181,915175,552169,662159,851139,660124,712
Noncurrent Assets
Operating lease, right-of-use asset10,2988,753
Property, plant and equipment51,73744,15136,47729,46023,73418,35614,731
Long-term investments and receivables3,7942,9654,8493,6626,02310,43112,053
Long-term investments3,7942,9652,6491,8626,02310,43112,053
Accounts and financing receivable, after allowance for credit loss  2,2001,800   
Intangible assets, net (including goodwill)50,77450,38949,77643,73645,22821,60521,774
Goodwill44,21943,35142,02635,68335,12217,87216,939
Intangible assets, net (excluding goodwill)6,5557,0387,7508,05310,1063,7334,835
Other noncurrent assets13,56113,13814,7237,4426,2503,6422,953
Deferred tax assets, net    (2,835)
Other undisclosed noncurrent assets  5,1794,886  2,835
Total noncurrent assets:130,164119,396111,00489,18681,23554,03451,511
TOTAL ASSETS:304,137301,311286,556258,848241,086193,694176,223
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities21,17022,53421,87716,84113,92712,74212,293
Accounts payable12,77012,5309,3828,6177,3906,8986,591
Employee-related liabilities6,8387,8746,8306,1035,8195,2645,096
Taxes payable1,5622,1305,6652,121718580606
Deferred revenue30,40236,000
Debt5,3873,7495,5163,99810,12112,9047,484
Securities loaned     20475
Deferred revenue and credits 34,10227,46823,223
Contract with customer, liability32,67628,905
Other liabilities10,52710,0279,3518,7446,2805,9496,766
Other undisclosed current liabilities    979017
Total current liabilities:67,48672,31069,42058,48864,52759,35749,858
Noncurrent Liabilities
Long-term debt and lease obligation64,01167,24966,66272,24276,07340,78327,808
Long-term debt, excluding current maturities55,13659,57866,66272,24276,07340,78327,808
Operating lease, liability8,8757,671
Liabilities, other than long-term debt42,40443,44841,95639,83228,09221,55732,018
Deferred revenue and credits 10,3776,4412,095
Accounts payable and accrued liabilities26,70129,43229,61230,265  13,544
Deferred revenue2,9853,180
Contract with customer, liability4,5303,815
Deferred tax liabilities, net2335415311,4762,835
Deferred income tax liabilities174204
Other liabilities12,54410,6327,5815,21117,18413,64013,544
Other undisclosed noncurrent liabilities  6,1885,568  (13,544)
Total noncurrent liabilities:106,415110,697114,806117,642104,16562,34046,282
Total liabilities:173,901183,007184,226176,130168,692121,69796,140
Stockholders' equity
Stockholders' equity attributable to parent, including:130,236118,304102,33082,71872,39471,99780,083
Accumulated other comprehensive income (loss)3,3673,186(340)(2,187)4311,5372,522
Retained earnings44,97334,56624,15013,6822,6482,2829,096
Other undisclosed stockholders' equity attributable to parent81,89680,55278,52071,22369,31568,17868,465
Total stockholders' equity:130,236118,304102,33082,71872,39471,99780,083
TOTAL LIABILITIES AND EQUITY:304,137301,311286,556258,848241,086193,694176,223

Income statement (P&L) ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues153,284143,015125,843110,36089,95085,32093,580
Revenue, net 89,95085,32093,580
Cost of revenue(48,510)(46,078)(42,910)(38,353)(34,261)(32,780)(33,038)
Cost of goods and services sold(48,510)(46,078)(42,910)(38,353)(15,175)(17,880) 
Gross profit:104,77496,93782,93372,00755,68952,54060,542
Operating expenses(44,619)(43,978)(39,974)(36,949)(33,057)(31,248)(42,381)
Other undisclosed operating loss    (306)(1,110) 
Operating income:60,15552,95942,95935,05822,32620,18218,161
Nonoperating income (expense)571777291,416823(431)346
Investment income, nonoperating2,8922,8993,5544,4263,4601,1281,059
Foreign currency transaction gain (loss), before tax72(191)(82)(218)(164)(121)335
Other nonoperating income (expense)67(40)(57)(59)(251)(195)(267)
Interest and debt expense(2,460)(2,591)(2,686)(2,733)(2,222)(1,243)(781)
Other undisclosed income from continuing operations before equity method investments, income taxes2,4602,5912,6862,7332,2221,243781
Income from continuing operations before income taxes:60,72653,03643,68836,47423,14919,75118,507
Income tax expense(9,416)(8,755)(4,448)(19,903)(1,945)(2,953)(6,314)
Net income available to common stockholders, diluted:51,31044,28139,24016,57121,20416,79812,193

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income:51,31044,28139,24016,57121,20416,79812,193
Other comprehensive income (loss)    609(985)(1,186)
Comprehensive income:51,31044,28139,24016,57121,81315,81311,007
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,6123,5261,914(2,856)(1,715)  
Comprehensive income, net of tax, attributable to parent:54,92247,80741,15413,71520,09815,81311,007

Statements sources

The financial statements are based on the company's filings with the 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.

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