FY18 Q4 - Income Statements - Investor Relations - Microsoft

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Earnings Release FY18 Q4

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Income Statements

(In millions, except per share amounts) Year Ended June 30,
2018 2017 2016
Revenue:
Product
$ 64,497
$ 63,811
$ 67,336
Service and other
45,863
32,760
23,818
Total revenue
110,360
96,571
91,154
Cost of revenue:
Product
15,420
15,175
17,880
Service and other
22,933
19,086
14,900
Total cost of revenue
38,353
34,261
32,780
Gross margin
72,007
62,310
58,374
Research and development
14,726
13,037
11,988
Sales and marketing
17,469
15,461
14,635
General and administrative
4,754
4,481
4,563
Impairment and restructuring
0
306
1,110
Operating income
35,058
29,025
26,078
Other income (expense), net
1,416
876
(439)
Income before income taxes
36,474
29,901
25,639
Provision for income taxes
19,903
4,412
5,100
Net income
$ 16,571
$ 25,489
$ 20,539
Earnings per share:
Basic
$ 2.15
$ 3.29
$ 2.59
Diluted
$ 2.13
$ 3.25
$ 2.56
Weighted average shares outstanding:
Basic
7,700
7,746
7,925
Diluted
7,794
7,832
8,013
Cash dividends declared per common share
$ 1.68
$ 1.56
$ 1.44
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


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