Earnings Release FY24 Q1

Balance Sheets
(In millions) (Unaudited)
(In millions) (Unaudited)		September 30, 2023	June 30, 2023
	Assets
	Current assets:
	Cash and cash equivalents	$ 80,452	$ 34,704
	Short-term investments	63,499	76,558
	Total cash, cash equivalents, and short-term investments	143,951	111,262
	Accounts receivable, net of allowance for doubtful accounts of $512 and $650	36,953	48,688
	Inventories	3,000	2,500
	Other current assets	23,682	21,807
	Total current assets	207,586	184,257
	Property and equipment, net of accumulated depreciation of $69,486 and $68,251	102,502	95,641
	Operating lease right-of-use assets	15,435	14,346
	Equity investments	11,423	9,879
	Goodwill	67,790	67,886
	Intangible assets, net	8,895	9,366
	Other long-term assets	32,154	30,601
	Total assets	$ 445,785	$ 411,976
	Liabilities and stockholders' equity
	Current liabilities:
	Accounts payable	$ 19,307	$ 18,095
	Short-term debt	25,808	0
	Current portion of long-term debt	3,748	5,247
	Accrued compensation	6,990	11,009
	Short-term income taxes	8,035	4,152
	Short-term unearned revenue	46,429	50,901
	Other current liabilities	14,475	14,745
	Total current liabilities	124,792	104,149
	Long-term debt	41,946	41,990
	Long-term income taxes	22,983	25,560
	Long-term unearned revenue	2,759	2,912
	Deferred income taxes	470	433
	Operating lease liabilities	13,487	12,728
	Other long-term liabilities	18,634	17,981
	Total liabilities	225,071	205,753
	Commitments and contingencies
	Stockholders' equity:
	Common stock and paid-in capital - shares authorized 24,000; outstanding 7,431 and 7,432	95,508	93,718
	Retained earnings	132,143	118,848
	Accumulated other comprehensive loss	(6,937)	(6,343)
	Total stockholders' equity	220,714	206,223
	Total liabilities and stockholders' equity	$ 445,785	$ 411,976

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