Microsoft (MSFT) FY2016 results: revenue $91.2 billion, down 2.6% on the year
Microsoft Corp. (MSFT) reported revenue of $91.2 billion for fiscal 2016, the year ended 30 June 2016, down 2.6% on the year before. Net income was $20.5 billion, up 68.4%, and diluted earnings per share $2.56. The figures are the company's own, from the 10-K it filed with the SEC on 3 August 2018.
Revenue
$91.2 billion
-2.6% on the year
FY2009FY2016
Operating margin
28.6%
19.4% a year earlier
FY2009FY2016
Net income
$20.5 billion
+68.4% on the year
FY2009FY2016
Diluted EPS
$2.56
+73.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
91,154
93,580
86,833
-2.6%
Cost of revenue
32,780
33,038
27,078
-0.8%
Gross profit
58,374
60,542
59,755
-3.6%
Gross margin
64.0%
64.7%
68.8%
Research and development
11,988
12,046
11,381
-0.5%
Operating income
26,078
18,161
27,759
+43.6%
Operating margin
28.6%
19.4%
32.0%
Interest expense
1,243
781
597
+59.2%
Pre-tax income
25,639
18,507
27,820
+38.5%
Income tax
5,100
6,314
5,746
-19.2%
Effective tax rate
19.9%
34.1%
20.7%
Net income
20,539
12,193
22,074
+68.4%
Net margin
22.5%
13.0%
25.4%
Diluted EPS
$2.56
$1.48
$2.63
+73.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
33,325
29,668
32,502
+12.3%
Capital expenditure
8,343
5,944
5,485
+40.4%
Free cash flow
24,982
23,724
27,017
+5.3%
Free cash flow margin
27.4%
25.4%
31.1%
Cash from investing
-23,950
n/a
n/a
Cash from financing
-8,393
n/a
n/a
Depreciation and amortisation
5,878
5,400
4,245
+8.9%
Share-based compensation
2,668
2,574
2,446
+3.7%
Buybacks
15,969
14,443
7,316
+10.6%
Dividends paid
11,006
9,882
8,879
+11.4%
Dividend per share
$1.44
$1.24
$1.12
+16.1%
Diluted shares, weighted
8,013m
8,254m
8,399m
-2.9%
Shares outstanding at period end
7,808m
8,027m
8,239m
-2.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
83,090
80,083
89,784
+3.8%
Debt
53,461
35,292
22,600
+51.5%
Other liabilities
57,143
59,097
60,000
-3.3%
Total liabilities and equity
193,694
174,472
172,384
+11.0%
Fixed assets
18,356
14,731
13,011
+24.6%
Goodwill
17,872
16,939
20,127
+5.5%
Intangible assets
3,733
4,835
6,981
-22.8%
Investments
117,161
102,984
91,637
+13.8%
Cash and equivalents
6,510
5,595
8,669
+16.4%
Receivables
18,277
17,908
19,544
+2.1%
Inventory
2,251
2,902
2,660
-22.4%
Other assets
9,534
8,578
9,755
+11.1%
Total assets
193,694
174,472
172,384
+11.0%
10-K for the year ended 30 June 2016, filed 3 August 2018: the filing.