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Common Size Financial Statements for Microsoft

Common Size Financial Statements for Microsoft - ITEM 8...

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INCOME STATEMENTS (In millions, except per share amounts) Original Numbers Common Size Income S Year Ended June 30 2006 2005 2004 2006 2005 Revenue $44,282 $39,788 $36,835 100.00% 100.00% Operating expenses: Cost of revenue 7,650 6,031 6,596 17.28% 15.16% Research and development 6,584 6,097 7,735 14.87% 15.32% Sales and marketing 9,818 8,563 8,195 22.17% 21.52% General and administrative 3,758 4,536 5,275 8.49% 11.40% Total operating expenses 27,810 25,227 27,801 62.80% 63.40% Operating income 16,472 14,561 9,034 37.20% 36.60% Investment income and other 1,790 2,067 3,162 4.04% 5.20% Income before income taxes 18,262 16,628 12,196 41.24% 41.79% Provision for income taxes 5,663 4,374 4,028 12.79% 10.99% Net income $12,599 $12,254 $8,168 28.45% 30.80% ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA- Microsoft
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Statement 2004 100.00% 17.91% 21.00% 22.25% 14.32% 75.47% 24.53% 8.58% 33.11% 10.94% 22.17%
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BALANCE SHEETS (In millions) June 30 2006 2005 Assets Current assets: Cash and equivalents $6,714 $4,851 Short-term investments (including securities pledged as collateral of $3,065 and $-) 27,447 32,900 Total cash and short-term investments 34,161 37,751 Accounts receivable, net of allowance for doubtful accounts of $142 and $171 9,316 7,180 Inventories, net 1,478 491 Deferred income taxes 1,940 1,701 Other 2,115 1,614 Total current assets 49,010 48,737 Property and equipment, net 3,044 2,346 Equity and other investments 9,232 11,004 Goodwill 3,866 3,309 Intangible assets, net 539 499 Deferred income taxes
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