Stock Analysis on Net
Stock Analysis on Net
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Microsoft Corp. (NASDAQ:MSFT)

Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Microsoft Corp., consolidated balance sheet: assets

US$ in millions

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Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014
Cash and cash equivalents 11,356  11,946  7,663  6,510  5,595  8,669 
Short-term investments 122,463  121,822  125,318  106,730  90,931  77,040 
Cash, cash equivalents, and short-term investments 133,819  133,768  132,981  113,240  96,526  85,709 
Accounts receivable, net of allowance for doubtful accounts 29,524  26,481  19,792  18,277  17,908  19,544 
Inventories 2,063  2,662  2,181  2,251  2,902  2,660 
Deferred income taxes —  —  —  —  1,915  1,941 
Other 10,146  6,751  4,897  5,892  5,461  4,392 
Current assets 175,552  169,662  159,851  139,660  124,712  114,246 
Property and equipment, net of accumulated depreciation 36,477  29,460  23,734  18,356  14,731  13,011 
Operating lease right-of-use assets 7,379  6,686  —  —  —  — 
Equity investments 2,649  1,862  6,023  10,431  12,053  14,597 
Goodwill 42,026  35,683  35,122  17,872  16,939  20,127 
Intangible assets, net 7,750  8,053  10,106  3,733  4,835  6,981 
Other long-term assets 14,723  7,442  6,250  3,642  2,953  3,422 
Long-term assets 111,004  89,186  81,235  54,034  51,511  58,138 
Total assets 286,556  258,848  241,086  193,694  176,223  172,384 

Based on: 10-K (filing date: 2019-08-01), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-02), 10-K (filing date: 2016-07-28), 10-K (filing date: 2015-07-31), 10-K (filing date: 2014-07-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Microsoft Corp.’s current assets increased from 2017 to 2018 and from 2018 to 2019.
Property and equipment, net of accumulated depreciation Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Microsoft Corp.’s property and equipment, net of accumulated depreciation increased from 2017 to 2018 and from 2018 to 2019.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Microsoft Corp.’s long-term assets increased from 2017 to 2018 and from 2018 to 2019.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Microsoft Corp.’s total assets increased from 2017 to 2018 and from 2018 to 2019.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Microsoft Corp.’s cash and cash equivalents increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Microsoft Corp.’s short-term investments decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Accounts receivable, net of allowance for doubtful accounts Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Microsoft Corp.’s accounts receivable, net of allowance for doubtful accounts increased from 2017 to 2018 and from 2018 to 2019.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Microsoft Corp.’s inventories increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.