Earnings Release FY21 Q2

Balance Sheets
(In millions) (Unaudited)
(In millions) (Unaudited)		December 31, 2020	June 30, 2020
	Assets
	Current assets:
	Cash and cash equivalents	$ 14,432	$ 13,576
	Short-term investments	117,536	122,951
	Total cash, cash equivalents, and short-term investments	131,968	136,527
	Accounts receivable, net of allowance for doubtful accounts of $642 and $788	27,312	32,011
	Inventories	1,924	1,895
	Other current assets	12,769	11,482
	Total current assets	173,973	181,915
	Property and equipment, net of accumulated depreciation of $47,715 and $43,197	51,737	44,151
	Operating lease right-of-use assets	10,298	8,753
	Equity investments	3,794	2,965
	Goodwill	44,219	43,351
	Intangible assets, net	6,555	7,038
	Other long-term assets	13,561	13,138
	Total assets	$ 304,137	$ 301,311
	Liabilities and stockholders' equity
	Current liabilities:
	Accounts payable	$ 12,770	$ 12,530
	Current portion of long-term debt	5,387	3,749
	Accrued compensation	6,838	7,874
	Short-term income taxes	1,562	2,130
	Short-term unearned revenue	30,402	36,000
	Other current liabilities	10,527	10,027
	Total current liabilities	67,486	72,310
	Long-term debt	55,136	59,578
	Long-term income taxes	26,701	29,432
	Long-term unearned revenue	2,985	3,180
	Deferred income taxes	174	204
	Operating lease liabilities	8,875	7,671
	Other long-term liabilities	12,544	10,632
	Total liabilities	173,901	183,007
	Commitments and contingencies
	Stockholders' equity:
	Common stock and paid-in capital - shares authorized 24,000; outstanding 7,546 and 7,571	81,896	80,552
	Retained earnings	44,973	34,566
	Accumulated other comprehensive income	3,367	3,186
	Total stockholders' equity	130,236	118,304
	Total liabilities and stockholders' equity	$ 304,137	$ 301,311

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