Stock Analysis on Net

Microsoft Corp. (NASDAQ:MSFT)

Balance Sheet: Assets 

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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

Microsoft Excel
Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Cash and cash equivalents 34,704 13,931 14,224 13,576 11,356 11,946
Short-term investments 76,558 90,826 116,110 122,951 122,463 121,822
Cash, cash equivalents, and short-term investments 111,262 104,757 130,334 136,527 133,819 133,768
Accounts receivable, net of allowance for doubtful accounts 48,688 44,261 38,043 32,011 29,524 26,481
Inventories 2,500 3,742 2,636 1,895 2,063 2,662
Other current assets 21,807 16,924 13,393 11,482 10,146 6,751
Current assets 184,257 169,684 184,406 181,915 175,552 169,662
Property and equipment, net of accumulated depreciation 95,641 74,398 59,715 44,151 36,477 29,460
Operating lease right-of-use assets 14,346 13,148 11,088 8,753 7,379 6,686
Equity investments 9,879 6,891 5,984 2,965 2,649 1,862
Goodwill 67,886 67,524 49,711 43,351 42,026 35,683
Intangible assets, net 9,366 11,298 7,800 7,038 7,750 8,053
Other long-term assets 30,601 21,897 15,075 13,138 14,723 7,442
Long-term assets 227,719 195,156 149,373 119,396 111,004 89,186
Total assets 411,976 364,840 333,779 301,311 286,556 258,848

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).


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. current assets decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
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. property and equipment, net of accumulated depreciation increased from 2021 to 2022 and from 2022 to 2023.
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. long-term assets increased from 2021 to 2022 and from 2022 to 2023.
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. total assets increased from 2021 to 2022 and from 2022 to 2023.

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. cash and cash equivalents decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
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. short-term investments decreased from 2021 to 2022 and from 2022 to 2023.
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. accounts receivable, net of allowance for doubtful accounts increased from 2021 to 2022 and from 2022 to 2023.
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. inventories increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.