FY26 Q2 - Balance Sheets - Investor Relations

Balance Sheets
(In millions) (Unaudited)
(In millions) (Unaudited)		December 31, 2025	June 30, 2025
	Assets
	Current assets:
	Cash and cash equivalents	$ 24,296	$ 30,242
	Short-term investments	65,166	64,323
	Total cash, cash equivalents, and short-term investments	89,462	94,565
	Accounts receivable, net of allowance for doubtful accounts of $729 and $944	56,535	69,905
	Inventories	1,059	938
	Other current assets	33,134	25,723
	Total current assets	180,190	191,131
	Property and equipment, net of accumulated depreciation of $104,950 and $93,653	261,126	204,966
	Operating lease right-of-use assets	25,103	24,823
	Equity and other investments	21,202	15,405
	Goodwill	119,622	119,509
	Intangible assets, net	20,289	22,604
	Other long-term assets	37,770	40,565
	Total assets	$ 665,302	$ 619,003
	Liabilities and stockholders' equity
	Current liabilities:
	Accounts payable	$ 37,328	$ 27,724
	Current portion of long-term debt	4,837	2,999
	Accrued compensation	10,103	13,709
	Short-term income taxes	2,050	7,211
	Short-term unearned revenue	51,376	64,555
	Other current liabilities	24,311	25,020
	Total current liabilities	130,005	141,218
	Long-term debt	35,425	40,152
	Long-term income taxes	27,256	25,986
	Long-term unearned revenue	2,668	2,710
	Deferred income taxes	2,876	2,835
	Operating lease liabilities	17,345	17,437
	Other long-term liabilities	58,852	45,186
	Total liabilities	274,427	275,524
	Commitments and contingencies
	Stockholders' equity:
	Common stock and paid-in capital - shares authorized 24,000; outstanding 7,429 and 7,434	112,788	109,095
	Retained earnings	280,789	237,731
	Accumulated other comprehensive loss	(2,702)	(3,347)
	Total stockholders' equity	390,875	343,479
	Total liabilities and stockholders' equity	$ 665,302	$ 619,003

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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