Microsoft corporation (MSFT)
CashFlow / TTM
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

46,266

44,323

41,094

39,240

34,926

33,541

18,819

16,571

15,767

13,829

26,398

25,489

24,283

22,553

21,304

20,539

10,481

11,710

12,555

12,193

20,000

20,675

21,370

22,074

22,427

22,822

22,641

21,863

16,406

15,459

15,706

16,978

23,344

23,468

23,478

23,150

21,794

20,568

20,596

18,760

17,287

16,258

13,770

14,569

0

0

0

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

12,216

12,024

11,816

11,682

11,274

11,058

10,599

10,261

10,088

9,831

9,461

8,778

8,345

7,599

6,977

6,622

6,205

6,013

5,990

5,957

6,206

5,946

5,686

5,212

4,453

4,251

3,999

3,755

3,569

3,282

2,951

2,967

2,859

2,813

2,798

2,766

2,795

2,769

2,721

2,673

2,636

2,606

2,623

2,562

0

0

0

Stock-based compensation expense

5,130

4,964

4,807

4,652

4,474

4,271

4,074

3,940

3,841

3,755

3,536

3,266

3,017

2,806

2,697

2,668

2,658

2,627

2,602

2,574

2,538

2,499

2,457

2,446

2,429

2,426

2,438

2,406

2,325

2,317

2,289

2,244

2,268

2,218

2,196

2,166

2,104

2,044

1,976

1,891

1,825

1,776

1,708

1,708

0

0

0

Net recognized losses (gains) on investments and derivatives

462

609

541

792

1,037

1,380

1,929

2,212

2,165

2,317

2,285

2,073

1,992

1,337

635

223

48

168

397

443

388

373

147

109

-199

-187

-162

-80

145

25

159

200

59

249

363

362

263

209

171

208

321

-254

-581

-683

0

0

0

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

264

248

237

209

201

205

200

93

87

82

82

17

21

30

41

45

42

30

17

52

0

0

0

Deferred income taxes

-6,159

-6,273

-6,393

-6,463

-3,129

-3,205

-5,337

-5,143

-3,844

-3,732

-1,422

-829

2,563

3,198

2,946

2,479

-467

-565

-4

224

499

56

-434

-331

-385

31

347

-19

1,076

716

590

954

608

683

552

2

-807

-989

-322

-220

563

436

340

762

0

0

0

Deferral of unearned revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,859

26,902

-

0

0

0

Recognition of unearned revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,067

46,066

45,632

44,920

44,692

43,622

42,705

41,739

41,463

42,923

42,828

41,921

40,206

36,890

34,464

33,347

31,739

30,482

29,726

28,935

28,244

27,613

29,438

28,813

66,262

53,197

37,707

25,426

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

3,292

3,723

1,916

2,812

1,930

1,105

2,617

3,862

1,703

1,573

454

1,216

-829

-1,702

-1,373

-562

-98

-1,465

-1,205

-1,456

-1,541

-387

1,110

1,120

1,423

1,733

1,346

1,807

1,148

569

-267

1,156

1,035

774

392

1,451

709

1,793

1,312

2,238

-86

164

-978

-2,215

0

0

0

Inventories

-306

-137

-992

-597

-138

-51

398

465

92

33

106

-50

-441

-698

-670

-600

21

692

726

272

42

-64

-23

161

-225

-66

996

802

726

293

-631

-184

382

502

1,013

561

518

271

93

44

0

0

0

-

-

-

-

Other current assets

1,033

1,141

1,479

1,718

1,703

1,838

1,311

952

-611

-729

-1,675

-1,028

-1,006

-617

1,615

1,212

1,302

993

220

-62

268

-183

-247

29

344

545

300

129

541

607

152

-493

-166

525

1,207

1,259

113

-144

-907

-464

932

465

354

677

0

0

0

Other long-term assets

1,591

2,232

2,188

1,834

419

115

-14

285

1,072

1,246

1,102

917

1,848

1,454

1,198

1,110

-63

52

-62

-346

-182

-217

268

628

621

561

326

478

538

516

406

248

146

163

75

-62

-92

-19

83

223

257

150

235

273

0

0

0

Accounts payable

1,256

513

80

232

-22

-218

1,160

1,148

988

956

117

81

-786

-490

-220

88

-37

-298

-530

-1,054

-49

-375

90

473

96

745

828

537

400

353

-156

-31

-87

-24

16

58

520

693

480

844

0

0

0

-

-

-

-

Unearned revenue

2,441

3,197

4,011

4,462

4,159

4,230

5,287

5,922

3,969

3,833

3,821

3,820

-36,430

-23,312

-9,665

2,565

52,753

49,843

47,473

45,072

45,254

45,266

44,911

44,325

43,077

42,588

43,480

44,253

42,911

41,367

38,174

36,104

33,721

32,195

31,485

31,227

25,418

28,484

28,576

-

28,047

-

-

-

-

-

-

Income taxes

766

277

684

2,929

24

393

16,431

18,183

18,527

18,725

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

1,300

1,254

421

1,419

756

653

640

798

298

423

-1,487

356

197

152

1,524

-179

35

-391

-1,482

-624

-880

-210

1,164

1,075

30

398

178

146

636

-110

116

410

-79

-334

-1,228

-1,146

-577

-39

743

451

978

317

649

-2,700

0

0

0

Other long-term liabilities

966

1,415

958

591

-16

-210

-331

-20

-197

-59

-207

-118

-575

-518

153

-406

861

1,013

1,294

1,599

2,456

2,164

1,664

1,014

184

683

514

1,158

596

63

237

174

539

727

854

1,294

1,590

1,600

1,621

1,407

657

955

1,319

1,673

0

0

0

Net cash from operations

58,110

54,126

52,346

52,185

47,495

46,126

45,101

43,884

43,471

41,980

40,398

39,507

36,966

36,673

35,998

33,325

32,234

31,468

30,190

29,668

32,080

32,578

32,651

32,502

28,620

28,187

28,554

28,833

30,607

30,535

31,617

31,626

29,891

28,969

27,293

26,994

26,656

25,377

26,160

24,073

22,310

20,961

21,774

19,037

0

0

0

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

-

-

-

-

-

-

-

-7,324

-3,840

2,231

-5,283

-4,963

-1,733

2,191

-1,085

7,195

3,740

-5,457

6,372

4,481

1,722

8,297

2,787

500

0

0

0

-

-

0

0

-

-

-

-

-186

-731

-1,080

-555

-991

-935

-915

-419

1,178

0

0

0

Proceeds from issuance of debt

-

-

-

-

-

-

-

7,183

8,934

9,481

23,321

44,344

43,203

42,681

38,740

13,884

13,274

23,929

10,801

10,680

12,180

1,500

9,762

10,350

11,501

11,501

5,471

4,883

2,232

2,232

0

-

0

0

-

6,960

8,535

7,147

8,193

4,167

7,060

6,537

5,491

4,796

0

0

0

Repayments of debt

6,518

3,518

6,500

4,000

3,681

8,564

8,891

10,060

12,747

8,075

8,866

7,922

4,579

5,268

1,271

2,796

2,771

1,871

1,750

1,500

3,500

3,800

4,388

3,888

3,234

2,934

2,346

1,346

0

0

0

-

-

-

-

814

1,902

2,404

2,977

2,986

2,126

1,624

1,051

228

0

0

0

Common stock issued

1,311

1,243

1,209

1,142

1,089

1,066

1,055

1,002

968

896

838

772

724

704

690

668

646

633

637

634

629

624

620

607

627

689

717

931

1,043

1,931

1,994

1,913

1,815

2,129

2,581

2,422

3,154

2,171

2,240

2,311

1,542

1,232

599

579

0

0

0

Common stock repurchased

21,810

19,504

20,711

19,543

17,272

16,300

11,895

10,721

10,124

8,405

9,996

11,788

13,700

15,495

15,574

15,969

16,571

17,845

16,312

14,443

11,334

8,048

8,016

7,316

7,188

6,371

5,916

5,360

5,348

5,343

4,727

5,029

5,255

5,080

9,090

11,555

14,138

15,313

14,128

11,269

7,452

5,447

4,400

9,353

0

0

0

Common stock cash dividends paid

14,793

14,443

14,101

13,811

13,516

13,222

12,916

12,699

12,482

12,262

12,048

11,845

11,657

11,487

11,331

11,006

10,681

10,371

10,050

9,882

9,695

9,485

9,270

8,879

8,491

8,094

7,695

7,455

7,212

6,970

6,720

6,385

6,057

5,723

5,403

5,180

4,960

4,750

4,539

4,578

4,606

4,622

4,627

4,468

0

0

0

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

264

248

237

209

201

205

200

93

87

82

82

17

21

30

41

45

42

30

17

52

0

0

0

Other, net

-645

811

391

-675

-860

-1,904

-1,601

-971

-961

-696

-228

-190

-178

74

-303

-369

-605

-166

184

362

601

246

0

-

0

0

-

-

0

0

-

-

0

0

-

-40

-30

-15

-15

10

0

0

0

-

-

-

-

Net cash used in financing

-42,455

-35,411

-39,712

-36,887

-34,240

-46,297

-34,633

-33,590

-30,252

-16,830

-12,262

8,408

12,080

13,400

9,866

-8,393

-13,492

-11,672

-10,620

-9,668

-9,120

-10,328

-8,247

-8,665

-6,554

-4,994

-8,830

-8,148

-9,100

-7,961

-9,253

-9,408

-9,410

-6,368

-10,606

-8,376

-10,051

-14,214

-11,740

-13,291

-6,494

-4,828

-4,409

-7,463

0

0

0

Investing
Additions to property and equipment

14,748

13,546

13,708

13,925

13,854

14,223

13,102

11,632

9,935

8,696

8,098

8,129

8,501

9,114

9,150

8,343

7,469

6,552

6,018

5,944

5,493

5,294

5,536

5,485

5,949

5,687

4,885

4,257

3,085

2,904

2,472

2,305

2,325

2,234

2,227

2,355

2,471

2,221

2,106

1,977

2,086

2,310

2,776

3,119

0

0

0

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

1,152

1,092

2,605

2,388

2,541

2,520

954

888

812

1,366

26,099

25,944

25,649

25,406

1,027

1,393

1,956

1,559

3,972

3,723

8,723

8,718

6,063

5,937

331

282

454

1,584

2,090

2,066

10,382

10,112

9,588

9,504

946

71

69

212

206

245

286

143

530

868

0

0

0

Purchases of investments

73,753

63,689

61,536

57,697

74,635

95,674

123,970

137,380

134,031

151,064

152,685

176,905

177,971

161,394

149,369

129,758

124,920

127,797

112,214

98,729

96,943

88,048

82,007

72,690

76,241

73,078

70,026

75,396

60,325

66,116

66,089

57,250

53,583

44,026

39,875

35,993

31,881

28,704

27,095

30,168

41,319

40,785

43,094

36,850

0

0

0

Maturities of investments

52,713

41,359

33,911

20,043

21,997

23,778

26,348

26,360

25,062

22,248

24,611

28,044

28,059

28,391

25,027

22,054

21,599

21,968

19,006

15,013

10,781

7,556

6,618

5,272

4,751

3,680

4,218

5,130

6,966

9,937

14,009

15,575

15,027

13,077

8,852

6,897

5,997

4,765

4,825

7,453

10,970

10,831

9,225

6,191

0

0

0

Sales of investments

21,922

20,536

29,342

38,194

57,855

82,687

109,772

117,577

109,149

119,337

127,063

136,350

134,749

117,904

97,108

93,287

93,524

94,988

82,905

70,848

74,233

69,176

65,422

60,094

61,778

55,502

50,274

52,464

36,546

34,762

35,471

29,700

29,429

27,221

21,989

15,880

12,188

11,377

12,135

15,125

16,409

14,809

17,148

19,806

0

0

0

Securities lending payable

-

-

-

-

-

-

-

98

193

1,254

7

197

172

-842

-57

-203

-278

-10

37

466

699

319

390

87

-230

-727

-167

168

646

828

727

394

-2,092

-1,842

-1,687

-1,026

1,455

1,449

379

1,502

1,260

2,441

2,463

-930

0

0

0

Net cash from (used in) investing

-15,018

-16,432

-14,596

-15,773

-11,186

-5,979

-2,110

-6,061

-10,760

-20,795

-35,215

-46,781

-49,485

-48,777

-37,354

-23,950

-18,944

-18,942

-20,330

-23,001

-26,844

-25,647

-21,956

-18,833

-15,762

-19,138

-20,706

-23,811

-22,634

-27,215

-30,190

-24,786

-21,074

-15,972

-11,974

-14,616

-17,785

-16,550

-15,072

-11,314

-15,052

-15,157

-17,564

-15,770

0

0

0

Effect of foreign exchange rates on cash and cash equivalents

-139

-57

-58

-115

-78

-71

-105

50

49

36

35

19

-18

-13

-13

-67

-42

-95

-111

-73

-274

-236

-169

-139

28

-13

-31

-8

-21

48

-19

-104

-40

-42

7

103

46

-12

-10

-39

106

100

18

-67

0

0

0

Net change in cash and cash equivalents

498

2,226

-2,020

-590

1,991

-6,221

8,253

4,283

2,508

4,391

-7,044

1,153

-457

1,283

8,497

915

-244

759

-871

-3,074

-4,158

-3,633

2,279

4,865

6,332

4,042

-1,013

-3,134

-1,148

-4,593

-7,845

-2,672

-633

6,587

4,720

4,105

-1,134

-5,399

-662

-571

870

1,076

-181

-4,263

0

0

0