Stock Analysis on Net

Microsoft Corp. (NASDAQ:MSFT)

Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017
Cash and cash equivalents 17,305 80,452 34,704 26,562 15,646 22,884 13,931 12,498 20,604 19,165 14,224 13,702 14,432 17,205 13,576 11,710 8,864 13,117 11,356 11,212 6,638 15,137 11,946 9,221 12,859 6,884
Short-term investments 63,712 63,499 76,558 77,865 83,862 84,378 90,826 92,195 104,765 111,450 116,110 111,705 117,536 120,772 122,951 125,916 125,389 123,519 122,463 120,406 121,024 120,743 121,822 123,049 129,921 131,587
Cash, cash equivalents, and short-term investments 81,017 143,951 111,262 104,427 99,508 107,262 104,757 104,693 125,369 130,615 130,334 125,407 131,968 137,977 136,527 137,626 134,253 136,636 133,819 131,618 127,662 135,880 133,768 132,270 142,780 138,471
Accounts receivable, net of allowance for doubtful accounts 42,831 36,953 48,688 37,420 35,833 31,279 44,261 32,613 33,520 27,349 38,043 26,322 27,312 22,851 32,011 22,699 23,525 19,087 29,524 19,269 19,680 17,390 26,481 17,208 18,428 14,561
Inventories 1,615 3,000 2,500 2,877 2,980 4,268 3,742 3,296 3,019 3,411 2,636 2,245 1,924 2,705 1,895 1,644 1,823 2,622 2,063 1,951 1,961 3,614 2,662 2,084 2,003 3,211
Other current assets 21,930 23,682 21,807 19,165 19,502 18,003 16,924 13,320 12,280 12,951 13,393 11,640 12,769 13,544 11,482 8,536 7,473 7,551 10,146 7,049 7,571 7,311 6,751 5,097 4,422 4,788
Current assets 147,393 207,586 184,257 163,889 157,823 160,812 169,684 153,922 174,188 174,326 184,406 165,614 173,973 177,077 181,915 170,505 167,074 165,896 175,552 159,887 156,874 164,195 169,662 156,659 167,633 161,031
Property and equipment, net of accumulated depreciation 112,308 102,502 95,641 88,132 82,755 77,037 74,398 70,298 67,214 63,772 59,715 54,945 51,737 47,927 44,151 41,221 40,522 38,409 36,477 33,648 32,717 31,430 29,460 27,929 26,304 24,809
Operating lease right-of-use assets 16,398 15,435 14,346 13,879 13,624 13,347 13,148 12,916 12,354 11,575 11,088 10,673 10,298 9,047 8,753 8,448 8,439 7,890 7,379 7,121 6,806 6,734 6,686 6,859 6,749 6,844
Equity investments 13,367 11,423 9,879 9,415 7,097 6,839 6,891 6,907 6,994 6,393 5,984 5,395 3,794 3,103 2,965 2,660 2,755 2,684 2,649 2,403 2,274 2,034 1,862 2,818 3,961 5,343
Goodwill 118,931 67,790 67,886 67,940 67,905 67,459 67,524 67,371 50,921 50,455 49,711 49,698 44,219 43,890 43,351 42,064 42,248 42,113 42,026 41,861 41,577 35,855 35,683 35,582 35,355 35,389
Intangible assets, net 29,896 8,895 9,366 9,879 10,354 10,808 11,298 11,348 7,462 7,794 7,800 8,127 6,555 6,923 7,038 6,855 7,126 7,508 7,750 8,103 8,482 7,579 8,053 8,544 9,034 9,598
Other long-term assets 32,265 32,154 30,601 26,954 24,994 23,482 21,897 21,845 21,256 21,103 15,075 14,427 13,561 13,034 13,138 13,696 14,630 14,455 14,723 10,258 10,129 9,792 7,442 7,106 6,967 6,083
Long-term assets 323,165 238,199 227,719 216,199 206,729 198,972 195,156 190,685 166,201 161,092 149,373 143,265 130,164 123,924 119,396 114,944 115,720 113,059 111,004 103,394 101,985 93,424 89,186 88,838 88,370 88,066
Total assets 470,558 445,785 411,976 380,088 364,552 359,784 364,840 344,607 340,389 335,418 333,779 308,879 304,137 301,001 301,311 285,449 282,794 278,955 286,556 263,281 258,859 257,619 258,848 245,497 256,003 249,097

Based on: 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).


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 increased from Q4 2023 to Q1 2024 but then decreased significantly from Q1 2024 to Q2 2024.
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 Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
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 Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
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 Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

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 increased from Q4 2023 to Q1 2024 but then decreased significantly from Q1 2024 to Q2 2024.
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 Q4 2023 to Q1 2024 but then slightly increased from Q1 2024 to Q2 2024.
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 decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 not reaching Q4 2023 level.
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 Q4 2023 to Q1 2024 but then decreased significantly from Q1 2024 to Q2 2024.