Microsoft corporation (MSFT)
Income statement / 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
Revenue

35,021

36,906

33,055

33,717

30,571

32,471

29,084

30,085

26,819

28,918

24,538

25,605

23,212

25,826

21,928

26,448

20,531

23,796

20,379

22,180

21,729

26,470

23,201

23,382

20,403

24,519

18,529

19,896

20,489

21,456

16,008

18,059

17,407

20,885

17,372

17,367

16,428

19,953

16,195

16,039

14,503

19,022

12,920

13,099

13,648

16,629

15,061

Cost of revenue

10,975

12,358

10,406

10,412

10,170

12,423

9,905

9,742

9,269

11,064

8,278

8,456

8,060

9,901

7,844

7,979

7,722

9,872

7,207

7,468

7,161

10,136

8,273

7,633

5,978

8,322

5,145

5,738

4,787

5,692

4,168

4,163

3,952

5,638

3,777

3,708

3,897

4,833

3,139

3,170

2,755

3,628

2,842

2,586

2,814

3,907

2,848

Gross margin

24,046

24,548

22,649

23,305

20,401

20,048

19,179

20,343

17,550

17,854

16,260

17,149

15,152

15,925

14,084

18,469

12,809

13,924

13,172

14,712

14,568

16,334

14,928

15,749

14,425

16,197

13,384

14,158

15,702

15,764

11,840

13,896

13,455

15,247

13,595

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Research and development

4,887

4,603

4,565

4,513

4,316

4,070

3,977

3,933

3,715

3,504

3,574

3,514

3,355

3,062

3,106

3,146

2,980

2,900

2,962

3,094

2,984

2,903

3,065

3,123

2,743

2,748

2,767

2,783

2,640

2,528

2,460

2,594

2,517

2,371

2,329

2,393

2,269

2,185

2,196

2,350

2,220

2,079

2,065

2,225

2,212

2,290

2,283

Sales and marketing

4,911

4,933

4,337

4,962

4,565

4,588

4,098

4,760

4,335

4,562

3,812

4,292

3,872

4,079

3,218

3,936

3,406

3,960

3,333

3,961

3,709

4,315

3,728

4,682

3,542

4,283

3,304

4,228

3,794

4,309

2,945

3,781

3,414

3,762

2,900

3,916

3,393

3,825

2,806

3,602

3,203

3,619

2,790

3,192

2,981

3,662

3,044

General and administrative

1,273

1,121

1,061

1,425

1,179

1,132

1,149

1,271

1,208

1,109

1,166

1,355

1,202

879

1,045

1,301

1,140

1,038

1,084

1,272

1,091

1,097

1,151

1,335

1,166

1,197

979

1,074

1,656

1,156

1,127

1,136

1,150

1,120

1,163

1,179

1,160

945

938

987

1,152

1,183

741

1,399

913

831

887

Restructuring

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,438

190

243

1,140

127

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,090

7,993

6,532

-

7,081

7,253

6,392

-4,381

10,719

11,788

9,079

10,109

9,330

10,509

8,438

9,112

9,210

10,690

9,062

Employee severance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

290

0

0

Operating income

12,975

13,891

12,686

12,405

10,341

10,258

9,955

10,379

8,292

8,679

7,708

7,682

6,723

7,905

6,715

8,976

5,283

6,026

5,793

-2,053

6,594

7,776

5,844

6,482

6,974

7,969

6,334

6,073

7,612

7,771

5,308

192

6,374

7,994

7,203

6,171

5,709

8,165

7,116

5,930

5,173

8,513

4,482

3,987

4,438

5,939

5,999

Other income (expense), net

-132

194

0

191

145

127

266

301

349

490

276

276

371

117

112

259

-247

-171

-280

297

-77

74

52

95

-17

-91

74

72

-9

-1

226

167

-11

245

103

148

316

332

114

94

168

370

283

155

-388

-301

-8

Income before income taxes

12,843

14,085

12,686

12,596

10,486

10,385

10,221

10,680

8,641

9,169

7,984

7,958

7,094

8,022

6,827

9,235

5,036

5,855

5,513

-1,756

6,517

7,850

5,896

6,577

6,957

7,878

6,408

6,145

7,603

7,770

5,534

359

6,363

8,239

7,306

6,319

6,025

8,497

7,230

6,024

5,341

8,883

4,765

4,142

4,050

5,638

5,991

Provision for income taxes

2,091

2,436

2,008

-591

1,677

1,965

1,397

1,807

1,217

15,471

1,408

-111

1,608

1,755

1,160

2,372

1,280

837

611

1,439

1,532

1,987

1,356

1,965

1,297

1,320

1,164

1,180

1,548

1,393

1,068

851

1,255

1,615

1,568

445

793

1,863

1,820

1,506

1,335

2,221

1,191

1,097

1,073

1,464

1,618

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

Earnings per share:
Basic

1.41

1.53

1.40

1.72

1.15

1.09

1.15

1.16

0.96

-0.82

0.85

1.04

0.71

0.81

0.73

0.00

0.48

0.63

0.61

-0.38

0.61

0.71

0.55

0.56

0.68

0.79

0.63

0.60

0.72

0.76

0.53

-0.06

0.61

0.79

0.68

0.70

0.62

0.78

0.63

0.52

0.46

0.75

0.40

0.35

0.33

0.47

0.48

Diluted

1.40

1.51

1.38

1.70

1.14

1.08

1.14

1.16

0.95

-0.82

0.84

1.03

0.70

0.80

0.72

0.00

0.47

0.62

0.61

-0.38

0.61

0.71

0.54

0.55

0.68

0.78

0.62

0.57

0.72

0.76

0.53

-0.06

0.60

0.78

0.68

0.69

0.61

0.77

0.62

0.51

0.45

0.74

0.40

0.34

0.33

0.47

0.48

Weighted average shares outstanding:
Basic

7,602

7,621

7,634

7,655

7,672

7,692

7,673

7,684

7,698

7,710

7,708

7,715

7,725

7,755

7,789

7,845

7,895

7,964

7,996

8,064

8,167

8,228

8,249

8,247

8,284

8,326

8,339

8,347

8,364

8,393

8,396

8,389

8,401

8,402

8,392

8,429

8,420

8,497

8,614

8,715

8,767

8,856

8,914

8,902

8,891

8,903

9,084

Diluted

7,675

7,691

7,710

7,734

7,744

7,768

7,766

7,873

7,794

7,710

7,799

7,809

7,813

7,830

7,876

7,932

7,985

8,051

8,084

8,131

8,237

8,297

8,351

8,400

8,367

8,395

8,434

8,513

8,429

8,444

8,494

8,571

8,498

8,465

8,490

8,597

8,510

8,570

8,695

8,898

8,876

8,951

8,983

8,983

8,904

8,914

9,183

Cash dividends declared per common share

-

-

-

-

-

-

-

-

-

-

0.42

-

0.39

0.39

0.39

0.00

0.36

0.36

0.36

0.31

0.31

0.31

0.31

0.28

0.28

0.28

0.28

0.23

0.23

0.23

0.23

0.20

0.20

0.20

0.20

0.16

0.16

0.16

0.16

0.13

0.13

0.13

0.13

0.13

0.13

0.13

0.13

Product
Revenue

15,871

18,255

15,768

17,103

15,448

16,219

17,299

17,159

15,114

17,926

14,298

16,057

14,513

18,273

14,968

19,822

14,321

17,974

15,219

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

3,376

4,966

3,305

3,298

3,441

5,885

3,649

3,517

3,425

5,498

2,980

3,141

3,075

5,378

3,581

3,776

3,801

6,268

4,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service and Other
Revenue

19,150

18,651

17,287

16,614

15,123

16,252

11,785

12,926

11,705

10,992

10,240

9,548

8,699

7,553

6,960

6,626

6,210

5,822

5,160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

7,599

7,392

7,101

7,114

6,729

6,538

6,256

6,225

5,844

5,566

5,298

5,315

4,985

4,523

4,263

4,203

3,921

3,604

3,172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-