Microsoft Corp (MSFT)
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Supplied by Morningstar Inc
2015 Annual Report
Earnings Release FY13 Q1
Cash Flows Statements (in millions)
   Three Months Ended
September 30,
2012 2011
Net income $ 4,466 $ 5,738
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other 710 726
Stock-based compensation expense 603 558
Net recognized losses (gains) on investments and derivatives 11 (30)
Excess tax benefits from stock-based compensation (177) (70)
Deferred income taxes 38 402
Deferral of unearned revenue 8,209 6,139
Recognition of unearned revenue (8,770) (7,653)
Changes in operating assets and liabilities:
Accounts receivable 6,156 4,733
Inventories (473) (920)
Other current assets (385) 260
Other long-term assets (233) (75)
Accounts payable (567) (442)
Other current liabilities (1,287) (993)
Other long-term liabilities 183 120
Net cash from operations 8,484 8,493
Common stock issued 417 336
Common stock repurchased (1,632) (1,934)
Common stock cash dividends paid (1,676) (1,341)
Excess tax benefits from stock-based compensation 177 70
Net cash used in financing (2,714) (2,869)
Additions to property and equipment (603) (436)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets (1,145) (875)
Purchases of investments (20,138) (11,299)
Maturities of investments 1,259 2,825
Sales of investments 13,307 7,536
Securities lending payable (399) (66)
Net cash used in investing (7,719) (2,315)
Effect of exchange rates on cash and cash equivalents 47 (38)
Net change in cash and cash equivalents (1,902) 3,271
Cash and cash equivalents, beginning of period 6,938 9,610
Cash and cash equivalents, end of period $ 5,036 $ 12,881
Related Information
FY13 Earnings Release Schedule
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