Microsoft corporation (MSFT)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Dec'08Sep'08
Operations
Net income

10,752

11,649

10,678

13,187

8,809

8,420

8,824

8,873

7,424

-6,302

6,576

8,069

5,486

6,267

5,667

6,863

3,756

5,018

4,902

-3,195

4,985

5,863

4,540

4,612

5,660

6,558

5,244

4,965

6,055

6,377

4,466

-492

5,108

6,624

5,738

5,874

5,232

6,634

5,410

4,518

4,006

6,662

3,574

3,045

2,977

4,174

4,373

Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other

3,118

3,203

2,971

2,924

2,926

2,995

2,837

2,516

2,710

2,536

2,499

2,343

2,453

2,166

1,816

1,910

1,707

1,544

1,461

1,493

1,515

1,521

1,428

1,742

1,255

1,261

954

983

1,053

1,009

710

797

766

678

726

689

720

663

694

718

694

615

646

681

664

632

585

Stock-based compensation expense

1,338

1,340

1,262

1,190

1,172

1,183

1,107

1,012

969

986

973

913

883

767

703

664

672

658

674

654

641

633

646

618

602

591

635

601

599

603

603

520

591

575

558

544

541

553

528

482

481

485

443

416

432

417

443

Net recognized losses (gains) on investments and derivatives

-52

203

-11

322

95

135

240

567

438

684

523

520

590

652

311

439

-65

-50

-101

264

55

179

-55

209

40

-47

-93

-99

52

-22

-11

126

-68

112

30

-15

122

226

29

-114

68

188

66

-1

-507

-139

-36

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

502

-

22

20

205

17

6

9

177

9

10

4

70

3

5

4

5

7

14

15

9

4

2

2

44

Deferred income taxes

-206

-53

-177

-5,723

-320

-173

-247

-2,389

-396

-2,305

-53

-1,090

-284

5

540

2,302

351

-247

73

-644

253

314

301

-369

-190

-176

404

-423

226

140

38

672

-134

14

402

326

-59

-117

-148

-483

-241

550

-46

300

-368

454

376

Deferral of unearned revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,926

6,679

-

5,899

5,969

4,186

Recognition of unearned revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,210

11,929

11,355

11,573

11,209

11,495

10,643

11,345

10,139

10,578

9,677

11,069

11,599

10,483

8,770

9,354

8,283

8,057

7,653

7,746

7,026

7,301

6,862

7,055

6,395

9,126

6,237

44,504

-6,670

-6,364

-6,044

Changes in operating assets and liabilities:
Accounts receivable

-891

4,203

-10,090

10,070

-460

2,396

-9,194

9,188

-1,285

3,908

-7,949

7,029

-1,415

2,789

-7,187

4,984

-2,288

3,118

-6,376

5,448

-3,655

3,378

-6,627

5,363

-2,501

4,875

-6,617

5,666

-2,191

4,488

-6,156

5,007

-2,770

3,652

-4,733

4,886

-3,031

3,270

-3,674

4,144

-1,947

2,789

-2,748

1,820

-1,697

1,647

-3,985

Inventories

-181

-799

561

113

-12

-1,654

956

572

75

-1,205

1,023

199

16

-1,132

867

-192

-241

-1,104

937

429

430

-1,070

483

199

324

-1,029

667

-187

483

33

473

-263

50

-891

920

303

170

-380

468

260

-77

-558

419

-

-

-

-

Other current assets

-94

-165

438

854

14

173

677

839

149

-354

318

-724

31

-1,300

965

-702

420

932

562

-612

111

159

280

-282

-340

95

556

33

-139

-150

385

445

-73

-605

-260

772

618

77

-208

-374

361

-686

235

1,022

-106

-797

558

Other long-term assets

-124

517

333

865

517

473

-21

-550

213

344

278

237

387

200

93

1,168

-7

-56

5

-5

108

-170

-279

159

73

315

81

152

13

80

233

212

-9

-30

75

110

8

-118

-62

80

81

-16

78

114

-26

69

116

Accounts payable

546

-7

-547

1,264

-197

-440

-395

1,010

-393

938

-407

850

-425

99

-443

-17

-129

369

-135

-142

-390

137

-659

863

-716

602

-276

486

-67

685

-567

349

-114

176

-442

293

-51

216

-400

755

122

3

-36

-

-

-

-

Unearned revenue

-736

-2,936

-2,892

9,005

20

-2,122

-2,441

8,702

91

-1,065

-1,806

6,749

-45

-1,077

-1,807

-33,501

13,073

12,570

10,423

16,687

10,163

10,200

8,022

16,869

10,175

9,845

7,436

15,621

9,686

10,737

8,209

14,279

8,142

7,544

6,139

11,896

6,616

6,834

5,881

-

6,087

-

-

-

-

-

-

Income taxes

765

-471

-3,336

3,808

276

-64

-1,091

903

645

15,974

661

-

1,247

843

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

695

1,489

-3,320

2,436

649

656

-2,322

1,773

546

643

-2,164

1,273

671

-1,267

-321

1,114

626

105

-2,024

1,328

200

-986

-1,166

1,072

870

388

-1,255

27

1,238

168

-1,287

517

492

394

-993

28

237

-500

-911

597

775

282

-1,203

1,124

114

614

-4,552

Other long-term liabilities

-110

425

410

241

339

-32

43

-366

145

-153

354

-543

283

-301

443

-1,000

340

370

-116

267

492

651

189

1,124

200

151

-461

294

699

-18

183

-268

166

156

120

97

354

283

560

393

364

304

346

-357

662

668

700

Net cash from operations

17,504

10,680

13,818

16,108

13,520

8,900

13,657

11,418

12,151

7,875

12,440

11,005

10,660

6,293

11,549

8,464

10,367

5,618

8,876

7,373

9,601

4,340

8,354

9,785

10,099

4,413

8,205

5,903

9,666

4,780

8,484

7,677

9,594

5,862

8,493

5,942

8,672

4,186

8,194

5,604

7,393

4,969

6,107

3,841

6,044

5,782

3,370

Financing
Repayments of short-term debt, maturities of 90 days or less, net

-

-

-

-

-

-

-

0

-7,373

3,759

-3,710

3,484

-1,302

-3,755

-3,390

6,714

2,622

-7,031

4,890

3,259

-6,575

4,798

2,999

500

0

-712

712

-

-

0

0

-

-

-

-

0

0

-1,000

814

-545

-349

-475

378

-489

-329

21

1,975

Proceeds from issuance of debt

-

-

-

-

-

-

-

0

0

3,229

3,954

1,751

547

17,069

24,977

610

25

13,128

121

0

10,680

0

0

1,500

0

8,262

588

2,651

0

2,232

0

-

0

0

-

0

2,239

0

4,721

1,575

851

1,046

695

4,468

328

0

0

Repayments of debt

3,000

18

2,500

1,000

0

3,000

0

681

4,883

3,327

1,169

3,368

211

4,118

225

25

900

121

1,750

0

0

0

1,500

2,000

300

588

1,000

1,346

0

0

0

-

-

-

-

0

0

0

814

1,088

502

573

823

228

0

0

0

Common stock issued

342

234

427

308

274

200

360

255

251

189

307

221

179

131

241

173

159

117

219

151

146

121

216

146

141

117

203

166

203

145

417

278

1,091

208

336

180

1,405

660

177

912

422

729

248

143

112

96

228

Common stock repurchased

7,059

5,206

4,912

4,633

4,753

6,413

3,744

2,362

3,781

2,008

2,570

1,765

2,062

3,599

4,362

3,677

3,857

3,678

4,757

4,279

5,131

2,145

2,888

1,170

1,845

2,113

2,188

1,042

1,028

1,658

1,632

1,030

1,023

1,042

1,934

1,256

848

5,052

4,399

3,839

2,023

3,867

1,540

22

18

2,820

6,493

Common stock cash dividends paid

3,876

3,886

3,510

3,521

3,526

3,544

3,220

3,226

3,232

3,238

3,003

3,009

3,012

3,024

2,800

2,821

2,842

2,868

2,475

2,496

2,532

2,547

2,307

2,309

2,322

2,332

1,916

1,921

1,925

1,933

1,676

1,678

1,683

1,683

1,341

1,350

1,349

1,363

1,118

1,130

1,139

1,152

1,157

1,158

1,155

1,157

998

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

502

-

22

20

205

17

6

9

177

9

10

4

70

3

5

4

5

7

14

15

9

4

2

2

44

Other, net

-1,052

-39

286

160

404

-459

-780

-25

-640

-156

-150

-15

-375

312

-112

-3

-123

-65

-178

-239

316

285

0

-

0

-39

-

-

0

-16

-

-

0

0

-

0

-15

0

-25

10

0

0

0

-

-

-

-

Net cash used in financing

-14,645

-8,915

-10,209

-8,686

-7,601

-13,216

-7,384

-6,039

-19,658

-1,552

-6,341

-2,701

-6,236

3,016

14,329

971

-4,916

-518

-3,930

-4,128

-3,096

534

-2,978

-3,580

-4,304

2,615

-3,396

-1,469

-2,744

-1,221

-2,714

-2,421

-1,605

-2,513

-2,869

-2,423

1,437

-6,751

-639

-4,098

-2,726

-4,277

-2,190

2,699

-1,060

-3,858

-5,244

Investing
Additions to property and equipment

3,767

3,545

3,385

4,051

2,565

3,707

3,602

3,980

2,934

2,586

2,132

2,283

1,695

1,988

2,163

2,655

2,308

2,024

1,356

1,781

1,391

1,490

1,282

1,330

1,192

1,732

1,231

1,794

930

930

603

622

749

498

436

642

658

491

564

758

408

376

435

867

632

842

778

Acquisition of companies, net of cash acquired, and purchases of intangible and other assets

329

80

462

281

269

1,593

245

434

248

27

179

358

802

24,760

24

63

559

381

390

626

162

2,794

141

5,626

157

139

15

20

108

311

1,145

526

84

8,627

875

2

0

69

0

0

143

63

39

41

0

450

377

Purchases of investments

15,910

19,011

23,390

15,442

5,846

16,858

19,551

32,380

26,885

45,154

32,961

29,031

43,918

46,775

57,181

30,097

27,341

34,750

37,570

25,259

30,218

19,167

24,085

23,473

21,323

13,126

14,768

27,024

18,160

10,074

20,138

11,953

23,951

10,047

11,299

8,286

14,394

5,896

7,417

4,174

11,217

4,287

10,490

15,325

10,683

6,596

4,246

Maturities of investments

17,247

11,230

19,082

5,154

5,893

3,782

5,214

7,108

7,674

6,352

5,226

5,810

4,860

8,715

8,659

5,825

5,192

5,351

5,686

5,370

5,561

2,389

1,693

1,138

2,336

1,451

347

617

1,265

1,989

1,259

2,453

4,236

6,061

2,825

1,905

2,286

1,836

870

1,005

1,054

1,896

3,498

4,522

915

290

464

Sales of investments

2,810

5,370

6,379

7,363

1,424

14,176

15,231

27,024

26,256

41,261

23,036

18,596

36,444

48,987

32,323

16,995

19,599

28,191

28,502

17,232

21,063

16,108

16,445

20,617

16,006

12,354

11,117

22,301

9,730

7,126

13,307

6,383

7,946

7,835

7,536

6,112

5,738

2,603

1,427

2,420

4,927

3,361

4,417

3,704

3,327

5,700

7,075

Securities lending payable

-

-

-

-

-

-

-

8

19

177

-106

103

1,080

-1,070

84

78

66

-285

-62

3

334

-238

367

236

-46

-167

64

-81

-543

393

399

397

-361

292

66

-2,089

-111

447

727

392

-117

-623

1,850

150

1,064

-601

-1,543

Net cash from (used in) investing

51

-6,036

-1,776

-7,257

-1,363

-4,200

-2,953

-2,670

3,844

-331

-6,904

-7,369

-6,191

-14,751

-18,470

-10,073

-5,483

-3,328

-5,066

-5,067

-5,481

-4,716

-7,737

-8,910

-4,284

-1,025

-4,614

-5,839

-7,660

-2,593

-7,719

-4,662

-12,241

-5,568

-2,315

-950

-7,139

-1,570

-4,957

-4,119

-5,904

-92

-1,199

-7,857

-6,009

-2,499

595

Effect of foreign exchange rates on cash and cash equivalents

-64

18

-72

-21

18

17

-129

16

25

-17

26

15

12

-18

10

-22

17

-18

-44

3

-36

-34

-6

-198

2

33

24

-31

-39

15

47

-44

30

-52

-38

20

28

-3

58

-37

-30

-1

29

108

-36

-83

-56

Net change in cash and cash equivalents

2,846

-4,253

1,761

144

4,574

-8,499

3,191

2,725

-3,638

5,975

-779

950

-1,755

-5,460

7,418

-660

-15

1,754

-164

-1,819

988

124

-2,367

-2,903

1,513

6,036

219

-1,436

-777

981

-1,902

550

-4,222

-2,271

3,271

2,589

2,998

-4,138

2,656

-2,650

-1,267

599

2,747

-1,209

-1,061

-658

-1,335