Microsoft (MSFT) FY2012 results: revenue $73.7 billion, up 5.4% on the year
Microsoft Corp. (MSFT) reported revenue of $73.7 billion for fiscal 2012, the year ended 30 June 2012, up 5.4% on the year before. Net income was $17.0 billion, down 26.7%, and diluted earnings per share $2.00. The figures are the company's own, from the 10-K it filed with the SEC on 26 July 2012.
Revenue
$73.7 billion
+5.4% on the year
FY2008FY2012
Operating margin
29.5%
38.8% a year earlier
FY2008FY2012
Net income
$17.0 billion
-26.7% on the year
FY2008FY2012
Diluted EPS
$2.00
-25.7% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
73,723
69,943
62,484
+5.4%
Cost of revenue
17,530
15,577
12,395
+12.5%
Gross profit
56,193
54,366
50,089
+3.4%
Gross margin
76.2%
77.7%
80.2%
Research and development
9,811
9,043
8,714
+8.5%
Operating income
21,763
27,161
24,098
-19.9%
Operating margin
29.5%
38.8%
38.6%
Interest expense
380
295
151
+28.8%
Pre-tax income
22,267
28,071
25,013
-20.7%
Income tax
5,289
4,921
6,253
+7.5%
Effective tax rate
23.8%
17.5%
25.0%
Net income
16,978
23,150
18,760
-26.7%
Net margin
23.0%
33.1%
30.0%
Diluted EPS
$2.00
$2.69
$2.10
-25.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
31,626
26,994
24,073
+17.2%
Capital expenditure
2,305
2,355
1,977
-2.1%
Free cash flow
29,321
24,639
22,096
+19.0%
Free cash flow margin
39.8%
35.2%
35.4%
Cash from investing
-24,786
-14,616
-11,314
Cash from financing
-9,408
-8,376
-13,291
Depreciation and amortisation
2,758
2,537
2,507
+8.7%
Share-based compensation
2,244
2,166
1,891
+3.6%
Buybacks
5,029
11,555
11,269
-56.5%
Dividends paid
6,385
5,180
4,578
+23.3%
Dividend per share
$0.80
$0.64
$0.52
+25.0%
Diluted shares, weighted
8,506m
8,593m
8,927m
-1.0%
Shares outstanding at period end
8,381m
8,376m
8,668m
+0.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
66,363
57,083
46,175
+16.3%
Short-term borrowings
n/a
0.0
n/a
Debt
11,900
11,900
5,939
0.0%
Other liabilities
43,008
39,721
33,999
+8.3%
Total liabilities and equity
121,271
108,704
86,113
+11.6%
Fixed assets
8,269
8,162
7,630
+1.3%
Goodwill
13,452
12,581
12,394
+6.9%
Intangible assets
3,170
744
1,158
+326.1%
Investments
65,878
54,027
39,037
+21.9%
Cash and equivalents
6,938
9,610
5,505
-27.8%
Receivables
15,780
14,987
13,014
+5.3%
Inventory
1,137
1,372
740
-17.1%
Other assets
6,647
7,221
6,635
-7.9%
Total assets
121,271
108,704
86,113
+11.6%
10-K for the year ended 30 June 2012, filed 26 July 2012: the filing.