Earnings Release FY20 Q1

Balance Sheets
(In millions) (Unaudited)
(In millions) (Unaudited)		September 30, 2019	June 30, 2019
	Assets
	Current assets:
	Cash and cash equivalents	$ 13,117	$ 11,356
	Short-term investments	123,519	122,463
	Total cash, cash equivalents, and short-term investments	136,636	133,819
	Accounts receivable, net of allowance for doubtful accounts of $303 and $411	19,087	29,524
	Inventories	2,622	2,063
	Other current assets	7,551	10,146
	Total current assets	165,896	175,552
	Property and equipment, net of accumulated depreciation of $36,971 and $35,330	38,409	36,477
	Operating lease right-of-use assets	7,890	7,379
	Equity investments	2,684	2,649
	Goodwill	42,113	42,026
	Intangible assets, net	7,508	7,750
	Other long-term assets	14,455	14,723
	Total assets	$ 278,955	$ 286,556
	Liabilities and stockholders' equity
	Current liabilities:
	Accounts payable	$ 8,574	$ 9,382
	Current portion of long-term debt	3,017	5,516
	Accrued compensation	4,676	6,830
	Short-term income taxes	3,440	5,665
	Short-term unearned revenue	29,904	32,676
	Other current liabilities	8,507	9,351
	Total current liabilities	58,118	69,420
	Long-term debt	66,478	66,662
	Long-term income taxes	28,457	29,612
	Long-term unearned revenue	4,122	4,530
	Deferred income taxes	234	233
	Operating lease liabilities	6,659	6,188
	Other long-term liabilities	8,826	7,581
	Total liabilities	172,894	184,226
	Commitments and contingencies
	Stockholders' equity:
	Common stock and paid-in capital - shares authorized 24,000; outstanding 7,634 and 7,643	78,882	78,520
	Retained earnings	27,240	24,150
	Accumulated other comprehensive loss	(61)	(340)
	Total stockholders' equity	106,061	102,330
	Total liabilities and stockholders' equity	$ 278,955	$ 286,556

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