← MICROSOFT CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $16.8b | $21.2b | $16.6b | $39.2b | $44.3b | $61.3b | $72.7b | $72.4b | $88.1b | $101.8b | $133.7b | |
| Amortization of Intangible Assets | $978.0m | $1.7b | $2.2b | $1.9b | $1.6b | $1.6b | $2.0b | $2.5b | $4.8b | $6.0b | $4.7b | |
| Capitalized Computer Software, Amortization | $69.0m | $55.0m | $54.0m | — | — | — | — | — | — | — | — | |
| Depreciation | $4.9b | $6.1b | $7.7b | $9.7b | $10.7b | $9.3b | $12.6b | $11.0b | $15.2b | $22.0b | $34.3b | |
| Depreciation, amortization, and other | $6.6b | $8.8b | $10.3b | $11.7b | $12.8b | $11.7b | $14.5b | $13.9b | $22.3b | $34.2b | $38.5b | |
| Deferred Income Tax Expense (Benefit) | $332.0m | ($3.3b) | ($5.1b) | ($6.5b) | $11.0m | ($150.0m) | ($5.7b) | ($6.1b) | ($4.7b) | ($7.1b) | $14.4b | |
| Deferred income taxes | $332.0m | ($3.3b) | ($5.1b) | ($6.5b) | $11.0m | ($150.0m) | ($5.7b) | ($6.1b) | ($4.7b) | ($7.1b) | $14.2b | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | — | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $161.0m | — | — | — | — | — | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $2.7b | $3.3b | $4.4b | $4.7b | $3.8b | $5.3b | $5.4b | $5.6b | |
| Share-based Payment Arrangement, Expense | $2.7b | $3.3b | $3.9b | $4.7b | $5.3b | $6.1b | $7.5b | $9.6b | $10.7b | $12.0b | $12.4b | |
| Share-based Payment Arrangement, Noncash Expense | — | $3.3b | $3.9b | $4.7b | $5.3b | $6.1b | $7.5b | $9.6b | $10.7b | $12.0b | $12.4b | |
| Income Tax Expense (Benefit) | $3.0b | $1.9b | $19.9b | $4.4b | $8.8b | $9.8b | $11.0b | $16.9b | $19.7b | $21.8b | $32.2b | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | — | $2.4b | $3.1b | |
| Other Nonoperating Income (Expense) | ($195.0m) | ($251.0m) | ($59.0m) | ($57.0m) | ($40.0m) | $98.0m | ($32.0m) | ($223.0m) | ($1.3b) | ($4.7b) | $4.7b | |
| Changes in operating assets and liabilities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Noncash investing and financing activities: | ||||||||||||
| Accounts payable | $88.0m | $81.0m | $1.1b | $232.0m | $3.0b | $2.8b | $2.9b | ($2.7b) | $3.5b | $569.0m | $5.3b | |
| Accounts receivable | ($530.0m) | ($925.0m) | ($3.9b) | ($2.8b) | ($2.6b) | ($6.5b) | ($6.8b) | ($4.1b) | ($7.2b) | ($10.6b) | ($12.7b) | |
| Acquisition of companies, net of cash acquired and divestitures, and purchases of intangible and other assets | ($1.4b) | ($25.9b) | ($888.0m) | ($2.4b) | ($2.5b) | ($8.9b) | ($22.0b) | ($1.7b) | ($69.1b) | ($6.0b) | ($1.7b) | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | $276.0m | $83.0m | $123.0m | $29.0m | $75.0m | $18.0m | $83.0m | $125.0m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | $479.0m | $69.0m | $1.1b | $509.0m | $303.0m | $146.0m | $536.0m | $4.4b | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($121.0m) | ($164.0m) | ($218.0m) | ($82.0m) | ($191.0m) | $54.0m | ($75.0m) | $181.0m | ($244.0m) | $171.0m | ($527.0m) | |
| Gain (Loss) on Investments | $668.0m | $2.6b | $2.4b | $648.0m | $32.0m | $1.2b | $461.0m | $260.0m | ($118.0m) | ($349.0m) | $4.4b | |
| General and Administrative Expense | $4.6b | $4.5b | $4.8b | $4.9b | $5.1b | $5.1b | $5.9b | $7.6b | $7.6b | $7.2b | $8.0b | |
| Goodwill | $17.9b | $35.1b | $35.7b | $42.0b | $43.4b | $49.7b | $67.5b | $67.9b | $119.2b | $119.5b | $119.7b | |
| Income taxes | ($298.0m) | $1.8b | $18.2b | $2.9b | ($3.6b) | ($2.3b) | $696.0m | ($358.0m) | $1.7b | ($38.0m) | ($1.9b) | |
| Increase (Decrease) in Accounts Payable | $88.0m | $81.0m | $1.1b | $232.0m | $3.0b | $2.8b | $2.9b | ($2.7b) | $3.5b | $569.0m | $5.3b | |
| Increase (Decrease) in Accounts Receivable | $530.0m | $925.0m | $3.9b | $2.8b | $2.6b | $6.5b | $6.8b | $4.1b | $7.2b | $10.6b | $12.7b | |
| Increase (Decrease) in Inventories | ($600.0m) | ($50.0m) | $465.0m | ($597.0m) | ($168.0m) | $737.0m | $1.1b | ($1.2b) | ($1.3b) | ($309.0m) | $461.0m | |
| Inventories | $600.0m | $50.0m | ($465.0m) | $597.0m | $168.0m | ($737.0m) | ($1.1b) | $1.2b | $1.3b | $309.0m | ($461.0m) | |
| Net recognized losses (gains) on investments and derivatives | — | ($2.1b) | ($2.2b) | ($792.0m) | ($219.0m) | ($1.2b) | ($409.0m) | $196.0m | $305.0m | $609.0m | ($11.0b) | |
| Net recognized losses on investments and derivatives | ($223.0m) | ($2.1b) | ($2.2b) | ($792.0m) | ($219.0m) | ($1.2b) | ($409.0m) | $196.0m | $305.0m | $609.0m | — | |
| Nonoperating Income (Expense) | ($431.0m) | $823.0m | $1.4b | $729.0m | $77.0m | $1.2b | $333.0m | $788.0m | ($1.6b) | ($4.9b) | $10.7b | |
| Operating Expenses | — | — | — | — | — | — | — | — | — | $65.4b | $70.2b | |
| Other current assets | ($1.2b) | $1.1b | ($952.0m) | ($1.7b) | ($2.3b) | ($932.0m) | ($709.0m) | ($2.0b) | ($1.6b) | ($3.0b) | ($2.6b) | |
| Other current liabilities | ($260.0m) | $386.0m | $798.0m | $1.4b | $1.3b | $4.1b | $2.3b | $2.3b | $4.9b | $5.9b | $6.8b | |
| Other long-term assets | ($41.0m) | ($539.0m) | ($285.0m) | ($1.8b) | ($1.0b) | ($3.5b) | ($2.8b) | ($2.8b) | ($6.8b) | ($3.0b) | ($4.0b) | |
| Other long-term liabilities | ($766.0m) | $1.5b | ($20.0m) | $591.0m | $1.3b | $1.4b | $825.0m | $553.0m | $749.0m | ($975.0m) | ($4.7b) | |
| Other, net | ($369.0m) | ($190.0m) | ($971.0m) | ($675.0m) | ($1.2b) | ($922.0m) | ($2.8b) | ($3.1b) | ($1.3b) | $2.3b | ($19.9b) | |
| Purchases of property and equipment, accrued but unpaid | $8.3b | $8.1b | $11.6b | $13.9b | $15.4b | $20.6b | $23.9b | $28.1b | $44.5b | $64.6b | $115.9b | |
| Stock-based compensation expense | $2.7b | $3.3b | $3.9b | $4.7b | $5.3b | $6.1b | $7.5b | $9.6b | $10.7b | $12.0b | $12.4b | |
| Unearned revenue | $2.6b | $3.8b | $5.9b | $4.5b | $2.2b | $4.6b | $5.1b | $5.5b | $5.3b | $5.4b | $9.4b | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($443.0m) | ($510.0m) | ($187.0m) | $144.0m | $187.0m | $17.0m | ($52.0m) | ($456.0m) | ($187.0m) | ($260.0m) | $1.9b | |
| Net Cash Provided by (Used in) Operating Activities | $33.3b | $39.5b | $43.9b | $52.2b | $60.7b | $76.7b | $89.0b | $87.6b | $118.5b | $136.2b | $182.9b | |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $8.3b | $8.1b | $11.6b | $13.9b | $15.4b | $20.6b | $23.9b | $28.1b | $44.5b | $64.6b | $115.9b | |
| Payments to Acquire Investments | $129.8b | $176.9b | $137.4b | $57.7b | $77.2b | $62.9b | $26.5b | $37.7b | $17.7b | $29.8b | $58.4b | |
| Purchases of investments | ($129.8b) | ($176.9b) | ($137.4b) | ($57.7b) | ($77.2b) | ($62.9b) | ($26.5b) | ($37.7b) | ($17.7b) | ($29.8b) | ($58.4b) | |
| Maturities of investments | $22.1b | $28.0b | $26.4b | $20.0b | $66.4b | $51.8b | $16.5b | $33.5b | $24.8b | $16.1b | $34.6b | |
| Sales of investments | $93.3b | $136.3b | $117.6b | $38.2b | $17.7b | $14.0b | $28.4b | $14.4b | $10.9b | $9.3b | $21.8b | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | $1.2b | $922.0m | $2.8b | $3.1b | $1.3b | ($2.3b) | $19.9b | |
| Net Cash Provided by (Used in) Investing Activities | ($23.9b) | ($46.8b) | ($6.1b) | ($15.8b) | ($12.2b) | ($27.6b) | ($30.3b) | ($22.7b) | ($97.0b) | ($72.6b) | ($139.5b) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $22.1b | $28.0b | $26.4b | $20.0b | $66.4b | $51.8b | $16.5b | $33.5b | $24.8b | $16.1b | $34.6b | |
| Proceeds from issuance (repayments) of debt, maturities of 90 days or less, net | $7.2b | ($5.0b) | ($7.3b) | $0 | $0 | — | $0 | $0 | $5.2b | ($5.7b) | $0 | |
| Proceeds from issuance of debt | $13.9b | $44.3b | $7.2b | $0 | $0 | — | $0 | $0 | $24.4b | $0 | $0 | |
| Repayments of debt | ($2.8b) | ($7.9b) | ($10.1b) | ($4.0b) | ($5.5b) | ($3.8b) | ($9.0b) | ($2.8b) | ($29.1b) | ($3.2b) | ($3.0b) | |
| Common stock issued | $668.0m | $772.0m | $1.0b | $1.1b | $1.3b | $1.7b | $1.8b | $1.9b | $2.0b | $2.1b | $2.0b | |
| Proceeds from Issuance of Common Stock | $668.0m | $772.0m | $1.0b | $1.1b | $1.3b | $1.7b | $1.8b | $1.9b | $2.0b | $2.1b | $2.0b | |
| Common stock repurchased | ($16.0b) | ($11.8b) | ($10.7b) | ($19.5b) | ($23.0b) | ($27.4b) | ($32.7b) | ($22.2b) | ($17.3b) | ($18.4b) | ($22.3b) | |
| Payments for Repurchase of Common Stock | $16.0b | $11.8b | $10.7b | $19.5b | $23.0b | $27.4b | $32.7b | $22.2b | $17.3b | $18.4b | $22.3b | |
| Payments of Ordinary Dividends, Common Stock | $11.0b | $11.8b | $12.7b | $13.8b | $15.1b | $16.5b | $18.1b | $19.8b | $21.8b | $24.1b | $26.4b | |
| Common stock cash dividends paid | ($11.0b) | ($11.8b) | ($12.7b) | ($13.8b) | ($15.1b) | ($16.5b) | ($18.1b) | ($19.8b) | ($21.8b) | ($24.1b) | ($26.4b) | |
| Proceeds from (Payments for) Other Financing Activities | ($369.0m) | ($190.0m) | ($971.0m) | ($675.0m) | ($334.0m) | ($769.0m) | ($863.0m) | ($1.0b) | ($1.3b) | ($2.3b) | ($2.8b) | |
| Net Cash Provided by (Used in) Financing Activities | ($8.4b) | $8.4b | ($33.6b) | ($36.9b) | ($46.0b) | ($48.5b) | ($58.9b) | ($43.9b) | ($37.8b) | ($51.7b) | ($52.5b) | |
| Effect of foreign exchange rates on cash and cash equivalents | ($67.0m) | $19.0m | $50.0m | ($115.0m) | ($201.0m) | ($29.0m) | ($141.0m) | ($194.0m) | ($210.0m) | $63.0m | ($196.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($67.0m) | $19.0m | $50.0m | ($115.0m) | $2.2b | $648.0m | ($293.0m) | $20.8b | ($16.4b) | $11.9b | ($9.3b) | |
| Cash and cash equivalents, beginning of period | $5.6b | $6.5b | $7.7b | $11.9b | $13.6b | $14.2b | $13.9b | $34.7b | $18.3b | $30.2b | $20.9b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $13.6b | $14.2b | $13.9b | $34.7b | $18.3b | $30.2b | $20.9b | |
| Cash, Cash Equivalents, and Short-term Investments | $113.2b | $133.0b | $133.8b | $133.8b | $136.5b | $130.3b | $104.8b | $111.3b | $75.5b | $94.6b | $76.8b | |
| Net change in cash and cash equivalents | $915.0m | $1.2b | $4.3b | ($590.0m) | $2.2b | $648.0m | ($293.0m) | $20.8b | ($16.4b) | $11.9b | ($9.3b) | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | $3.9b | $2.4b | $5.5b | $8.4b | $12.5b | $13.4b | $16.0b | $23.1b | $23.4b | $28.7b | $21.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.