Income Statement and Balance Sheet Template - Free Download | Page 5
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MICROSOFT CORPORATION
2011 2010 2011 2010
Operations
Net income 6,624$ 6,634$ 12,362$ 12,044$
Adjustments to reconcile net income
to net cash from operations:
Depreciation, amortization, and
other
678 663 1,404 1,357
Stock-based compensation
expense
575 553 1,133 1,081
Net recognized gains on
investments and derivatives
(112) (226) (142) (255)
Excess tax benefits from
stock-based compensation
(4) (4) (74) (9)
Deferred income taxes 14 (117) 416 (265)
Deferral of unearned revenue 7,544 6,834 13,683 12,715
Recognition of unearned revenue (8,057) (7,301) (15,710) (14,163)
Changes in operating assets and
liabilities:
Accounts receivable (3,652) (3,270) 1,081 404
Inventories 891 380 (29) (88)
Other current assets 605 (77) 865 131
Other long-term assets 30 118 (45) 180
Accounts payable 176 216 (266) (184)
Other current liabilities 394 (500) (599) (1,411)
Other long-term liabilities 156 283 276 843
Net cash from operations 5,862 4,186 14,355 12,380
Financing
Short-term debt repayments,
maturities of 90 days or less, net
0 (1,000) 0 (186)
Proceeds from issuance of debt,
maturities longer than 90 days
0 0 0 4,721
Repayments of debt, maturities
longer than 90 days
0 0 0 (814)
Common stock issued 208 660 544 837
Common stock repurchased (1,042) (5,052) (2,976) (9,451)
Common stock cash dividends paid (1,683) (1,363) (3,024) (2,481)
Excess tax benefits from
stock-based compensation
4 4 74 9
Other 0 0 0 (25)
Net cash used in financing
(2,513) (6,751) (5,382) (7,390)
Investing
Additions to property and equipment
(498) (491) (934) (1,055)
Acquisition of companies, net of
cash acquired, and purchases of
intangible and other assets
(8,627) (69) (9,502) (69)
Purchases of investments (10,047) (5,896) (21,346) (13,313)
Three Months Ended
December 31,
Six Months Ended
December 31,
CASH FLOW STATEMENTS
(In millions)
