Microsoft Corp (MSFT)
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Supplied by Morningstar Inc
Earnings Release FY12 Q1
Financial Statements
Cash Flows Statements (in millions)
   Three Months Ended
September 30,
2011 2010
Operations
Net income $ 5,738 $ 5,410
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other 726 694
Stock-based compensation expense 558 528
Net recognized gains on investments and derivatives (30) (29)
Excess tax benefits from stock-based compensation (70) (5)
Deferred income taxes 402 (148)
Deferral of unearned revenue 6,139 5,881
Recognition of unearned revenue (7,653) (6,862)
Changes in operating assets and liabilities:
Accounts receivable 4,733 3,674
Inventories (920) (468)
Other current assets 260 208
Other long-term assets (75) 62
Accounts payable (442) (400)
Other current liabilities (993) (911)
Other long-term liabilities 120 560
Net cash from operations 8,493 8,194
Financing
Short-term debt borrowings, maturities of 90 days or less, net 0 814
Proceeds from issuance of debt, maturities longer than 90 days 0 4,721
Repayments of debt, maturities longer than 90 days 0 (814)
Common stock issued 336 177
Common stock repurchased (1,934) (4,399)
Common stock cash dividends paid (1,341) (1,118)
Excess tax benefits from stock-based compensation 70 5
Other 0 (25)
Net cash used in financing (2,869) (639)
Investing
Additions to property and equipment (436) (564)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets (875) 0
Purchases of investments (11,299) (7,417)
Maturities of investments 2,825 870
Sales of investments 7,536 1,427
Securities lending payable (66) 727
Net cash used in investing (2,315) (4,957)
Effect of exchange rates on cash and cash equivalents (38) 58
Net change in cash and cash equivalents 3,271 2,656
Cash and cash equivalents, beginning of period 9,610 5,505
Cash and cash equivalents, end of period $ 12,881 $ 8,161
 
Related Information
FY12 Earnings Release Schedule
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