FY16 Q2 - Cash Flows - Investor Relations - Microsoft

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Earnings Release FY16 Q2

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Cash Flows Statements

$(in millions) (Unaudited) Three Months Ended
December 31,
Six Months Ended
December 31,
2015 2014 2015 2014
Operations
Net income
$ 4,998
$ 5,863
$ 9,618
$ 10,403
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other
1,544
1,521
3,005
2,949
Stock-based compensation expense
658
633
1,332
1,279
Net recognized losses (gains) on investments and derivatives
50
(179)
151
(124)
Excess tax benefits from stock-based compensation
(20)
(22)
(302)
(524)
Deferred income taxes
(247)
314
(174)
615
Deferral of unearned revenue
12,570
10,200
22,993
18,222
Recognition of unearned revenue
(11,929)
(11,495)
(23,284)
(22,138)
Changes in operating assets and liabilities:
Accounts receivable
(3,118)
(3,378)
3,258
3,249
Inventories
1,104
1,070
167
587
Other current assets
(912)
(159)
(1,192)
(439)
Other long-term assets
56
170
51
449
Accounts payable
369
137
234
(522)
Other current liabilities
105
(986)
(1,919)
(2,152)
Other long-term liabilities
370
651
254
840
Net cash from operations
5,598
4,340
14,192
12,694
Financing
Proceeds from issuance (repayments) of short-term debt, maturities of 90 days or less, net
(7,031)
4,798
(2,141)
7,797
Proceeds from issuance of debt
13,128
0
13,249
0
Repayments of debt
(121)
0
(1,871)
(1,500)
Common stock issued
117
121
336
337
Common stock repurchased
(3,678)
(2,145)
(8,435)
(5,033)
Common stock cash dividends paid
(2,868)
(2,547)
(5,343)
(4,854)
Excess tax benefits from stock-based compensation
20
22
302
524
Other
(65)
285
(243)
285
Net cash from (used in) financing
(498)
534
(4,146)
(2,444)
Investing
Additions to property and equipment
(2,024)
(1,490)
(3,380)
(2,772)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets
(381)
(2,794)
(771)
(2,935)
Purchases of investments
(34,750)
(19,167)
(72,320)
(43,252)
Maturities of investments
5,351
2,389
11,037
4,082
Sales of investments
28,191
16,108
56,693
32,553
Securities lending payable
285
238
347
(129)
Net cash used in investing
(3,328)
(4,716)
(8,394)
(12,453)
Effect of exchange rates on cash and cash equivalents
(18)
(34)
(62)
(40)
Net change in cash and cash equivalents
1,754
124
1,590
(2,243)
Cash and cash equivalents, beginning of period
5,431
6,302
5,595
8,669
Cash and cash equivalents, end of period
$ 7,185
$ 6,426
$ 7,185
$ 6,426
IMPORTANT NOTICE TO USERS (summary only, click here  for full text of notice); All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. We do not endorse third-party information. All information speaks as of the last fiscal quarter or year for which we have filed a Form 10-K or 10-Q, or for historical information the date or period expressly indicated in or with such information. We undertake no duty to update the information. Forward-looking statements are subject to risks and uncertainties described in our  Forms 10-Q and 10-K.

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Information contained in these documents is current as of the earnings date, and not restated for new accounting standards

FY16 Earnings Release Schedule

  • Q3-Thursday, April 21
  • Q4-Tuesday, July 19

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