Microsoft Corp (MSFT)
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Supplied by Morningstar Inc
Earnings Release FY14 Q3
Cash Flows Statements (in millions)
   Three Months Ended
March 31,
   Nine Months Ended
March 31,
2014 2013 2014 2013
Operations
Net income $ 5,660 $ 6,055 $ 17,462 $ 16,898
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other 1,255 1,053 3,470 2,772
Stock-based compensation expense 602 599 1,828 1,805
Net recognized losses (gains) on investments and derivatives (40) (52) 100 (19)
Excess tax benefits from stock-based compensation (22) (6) (247) (192)
Deferred income taxes (190) 226 38 404
Deferral of unearned revenue 10,175 9,686 27,456 28,632
Recognition of unearned revenue (10,139) (11,599) (30,394) (30,852)
Changes in operating assets and liabilities:
Accounts receivable 2,501 2,191 4,243 3,859
Inventories (324) (483) 38 (989)
Other current assets 340 139 (311) (96)
Other long-term assets (73) (13) (469) (326)
Accounts payable (716) (67) (390) 51
Other current liabilities 870 1,238 3 119
Other long-term liabilities 200 699 (110) 864
Net cash from operations 10,099 9,666 22,717 22,930
Financing
Proceeds from issuance of debt 0 0 8,850 2,232
Repayments of debt (300) 0 (1,888) 0
Common stock issued 141 203 461 765
Common stock repurchased (1,845) (1,028) (6,146) (4,318)
Common stock cash dividends paid (2,322) (1,925) (6,570) (5,534)
Excess tax benefits from stock-based compensation 22 6 247 192
Other 0 0 (39) (16)
Net cash used in financing (4,304) (2,744) (5,085) (6,679)
Investing
Additions to property and equipment (1,192) (930) (4,155) (2,463)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets (157) (108) (311) (1,564)
Purchases of investments (21,323) (18,160) (49,217) (48,372)
Maturities of investments 2,336 1,265 4,134 4,513
Sales of investments 16,006 9,730 39,477 30,163
Securities lending payable 46 543 149 (249)
Net cash used in investing (4,284) (7,660) (9,923) (17,972)
Effect of exchange rates on cash and cash equivalents 2 (39) 59 23
Net change in cash and cash equivalents 1,513 (777) 7,768 (1,698)
Cash and cash equivalents, beginning of period 10,059 6,017 3,804 6,938
Cash and cash equivalents, end of period $ 11,572 $ 5,240 $ 11,572 $ 5,240
 
Related Information
FY14 Earnings Release Schedule
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