Microsoft Corp (MSFT)
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Supplied by Morningstar Inc
Earnings Release FY12 Q4
Cash Flows Statements (in millions)
Year Ended June 30, 2012 2011 2010
Operations
Net income $ 16,978 $ 23,150 $ 18,760
Adjustments to reconcile net income to net cash from operations:
Goodwill impairment 6,193 0 0
Depreciation, amortization, and other 2,967 2,766 2,673
Stock-based compensation expense 2,244 2,166 1,891
Net recognized gains on investments and derivatives (200) (362) (208)
Excess tax benefits from stock-based compensation (93) (17) (45)
Deferred income taxes 954 2 (220)
Deferral of unearned revenue 36,104 31,227 29,374
Recognition of unearned revenue (33,347) (28,935) (28,813)
Changes in operating assets and liabilities:
Accounts receivable (1,156) (1,451) (2,238)
Inventories 184 (561) (44)
Other current assets 493 (1,259) 464
Other long-term assets (248) 62 (223)
Accounts payable (31) 58 844
Other current liabilities 410 (1,146) 451
Other long-term liabilities 174 1,294 1,407
Net cash from operations 31,626 26,994 24,073
Financing
Short-term debt repayments, maturities of 90 days or less, net 0 (186) (991)
Proceeds from issuance of debt, maturities longer than 90 days 0 6,960 4,167
Repayments of debt, maturities longer than 90 days 0 (814) (2,986)
Common stock issued 1,913 2,422 2,311
Common stock repurchased (5,029) (11,555) (11,269)
Common stock cash dividends paid (6,385) (5,180) (4,578)
Excess tax benefits from stock-based compensation 93 17 45
Other 0 (40) 10
Net cash used in financing (9,408) (8,376) (13,291)
Investing
Additions to property and equipment (2,305) (2,355) (1,977)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets (10,112) (71) (245)
Purchases of investments (57,250) (35,993) (30,168)
Maturities of investments 15,575 6,897 7,453
Sales of investments 29,700 15,880 15,125
Securities lending payable (394) 1,026 (1,502)
Net cash used in investing (24,786) (14,616) (11,314)
Effect of exchange rates on cash and cash equivalents (104) 103 (39)
Net change in cash and cash equivalents (2,672) 4,105 (571)
Cash and cash equivalents, beginning of period 9,610 5,505 6,076
Cash and cash equivalents, end of period $ 6,938 $ 9,610 $ 5,505
 
Related Information
FY13 Earnings Release Schedule
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