Microsoft Corp (MSFT)
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Supplied by Morningstar Inc
Earnings Release FY12 Q3
Cash Flows Statements (in millions)
   Three Months Ended
March 31,
   Nine Months Ended
March 31,
2012 2011 2012 2011
Operations
Net income $ 5,108 $ 5,232 $ 17,470 $ 17,276
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other 766 720 2,170 2,077
Stock-based compensation expense 591 541 1,724 1,622
Net recognized losses (gains) on investments and derivatives 68 (122) (74) (377)
Excess tax benefits from stock-based compensation (10) (5) (84) (14)
Deferred income taxes (134) (59) 282 (324)
Deferral of unearned revenue 8,142 6,616 21,825 19,331
Recognition of unearned revenue (8,283) (7,026) (23,993) (21,189)
Changes in operating assets and liabilities:
Accounts receivable 2,770 3,031 3,851 3,435
Inventories (50) (170) (79) (258)
Other current assets 73 (618) 938 (487)
Other long-term assets 9 (8) (36) 172
Accounts payable (114) (51) (380) (235)
Other current liabilities 492 237 (107) (1,174)
Other long-term liabilities 166 354 442 1,197
Net cash from operations 9,594 8,672 23,949 21,052
Financing
Short-term debt repayments, maturities of 90 days or less, net 0 0 0 (186)
Proceeds from issuance of debt, maturities longer than 90 days 0 2,239 0 6,960
Repayments of debt, maturities longer than 90 days 0 0 0 (814)
Common stock issued 1,091 1,405 1,635 2,242
Common stock repurchased (1,023) (848) (3,999) (10,299)
Common stock cash dividends paid (1,683) (1,349) (4,707) (3,830)
Excess tax benefits from stock-based compensation 10 5 84 14
Other 0 (15) 0 (40)
Net cash from (used in) financing (1,605) 1,437 (6,987) (5,953)
Investing
Additions to property and equipment (749) (658) (1,683) (1,713)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets (84) 0 (9,586) (69)
Purchases of investments (23,951) (14,394) (45,297) (27,707)
Maturities of investments 4,236 2,286 13,122 4,992
Sales of investments 7,946 5,738 23,317 9,768
Securities lending payable 361 (111) 3 1,063
Net cash used in investing (12,241) (7,139) (20,124) (13,666)
Effect of exchange rates on cash and cash equivalents 30 28 (60) 83
Net change in cash and cash equivalents (4,222) 2,998 (3,222) 1,516
Cash and cash equivalents, beginning of period 10,610 4,023 9,610 5,505
Cash and cash equivalents, end of period $ 6,388 $ 7,021 $ 6,388 $ 7,021
 
Related Information
FY12 Earnings Release Schedule
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