Microsoft (MSFT) FY2015 results: revenue $93.6 billion, up 7.8% on the year
Microsoft Corp. (MSFT) reported revenue of $93.6 billion for fiscal 2015, the year ended 30 June 2015, up 7.8% on the year before. Net income was $12.2 billion, down 44.8%, and diluted earnings per share $1.48. The figures are the company's own, from the 10-K it filed with the SEC on 31 July 2015.
Revenue
$93.6 billion
+7.8% on the year
FY2008FY2015
Operating margin
19.4%
32.0% a year earlier
FY2008FY2015
Net income
$12.2 billion
-44.8% on the year
FY2008FY2015
Diluted EPS
$1.48
-43.7% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
93,580
86,833
77,849
+7.8%
Cost of revenue
33,038
27,078
20,385
+22.0%
Gross profit
60,542
59,755
57,464
+1.3%
Gross margin
64.7%
68.8%
73.8%
Research and development
12,046
11,381
10,411
+5.8%
Operating income
18,161
27,759
26,764
-34.6%
Operating margin
19.4%
32.0%
34.4%
Interest expense
781
597
429
+30.8%
Pre-tax income
18,507
27,820
27,052
-33.5%
Income tax
6,314
5,746
5,189
+9.9%
Effective tax rate
34.1%
20.7%
19.2%
Net income
12,193
22,074
21,863
-44.8%
Net margin
13.0%
25.4%
28.1%
Diluted EPS
$1.48
$2.63
$2.58
-43.7%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
29,668
32,502
28,833
-8.7%
Capital expenditure
5,944
5,485
4,257
+8.4%
Free cash flow
23,724
27,017
24,576
-12.2%
Free cash flow margin
25.4%
31.1%
31.6%
Cash from investing
n/a
n/a
-23,811
Cash from financing
n/a
n/a
-8,148
Depreciation and amortisation
5,400
4,245
3,339
+27.2%
Share-based compensation
2,574
2,446
2,406
+5.2%
Buybacks
14,443
7,316
5,360
+97.4%
Dividends paid
9,882
8,879
7,455
+11.3%
Dividend per share
$1.24
$1.12
$0.92
+10.7%
Diluted shares, weighted
8,254m
8,399m
8,470m
-1.7%
Shares outstanding at period end
8,027m
8,239m
8,328m
-2.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
80,083
89,784
78,944
-10.8%
Short-term borrowings
n/a
n/a
0.0
Debt
35,292
22,600
15,600
+56.2%
Other liabilities
59,097
60,000
47,887
-1.5%
Total liabilities and equity
174,472
172,384
142,431
+1.2%
Fixed assets
14,731
13,011
9,991
+13.2%
Goodwill
16,939
20,127
14,655
-15.8%
Intangible assets
4,835
6,981
3,083
-30.7%
Investments
102,984
91,637
84,062
+12.4%
Cash and equivalents
5,595
8,669
3,804
-35.5%
Receivables
17,908
19,544
17,486
-8.4%
Inventory
2,902
2,660
1,938
+9.1%
Other assets
8,578
9,755
7,412
-12.1%
Total assets
174,472
172,384
142,431
+1.2%
10-K for the year ended 30 June 2015, filed 31 July 2015: the filing.