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

	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash and cash equivalents	28,849)	30,242)	28,828)	17,482)	20,840)	18,315)	19,634)	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)
Short-term investments	73,163)	64,323)	50,790)	54,073)	57,588)	57,228)	60,387)	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)
Cash, cash equivalents, and short-term investments	102,012)	94,565)	79,618)	71,555)	78,428)	75,543)	80,021)	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)
Accounts receivable, net of allowance for doubtful accounts	52,894)	69,905)	51,700)	48,188)	44,148)	56,924)	44,029)	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)
Inventories	1,130)	938)	848)	909)	1,626)	1,246)	1,304)	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)
Other current assets	33,030)	25,723)	24,478)	26,428)	25,724)	26,021)	21,826)	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)
Current assets	189,066)	191,131)	156,644)	147,080)	149,926)	159,734)	147,180)	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)
Property and equipment, net of accumulated depreciation	230,861)	204,966)	183,939)	166,902)	152,863)	135,591)	121,375)	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)
Operating lease right-of-use assets	24,791)	24,823)	24,475)	22,816)	20,528)	18,961)	17,371)	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)
Equity and other investments	11,465)	15,405)	16,035)	15,581)	15,778)	14,600)	14,807)	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)
Goodwill	119,497)	119,509)	119,329)	119,191)	119,374)	119,220)	119,163)	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)
Intangible assets, net	21,236)	22,604)	23,968)	25,385)	26,751)	27,597)	28,828)	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)
Other long-term assets	39,435)	40,565)	38,234)	36,943)	37,793)	36,460)	35,551)	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)
Long-term assets	447,285)	427,872)	405,980)	386,818)	373,087)	352,429)	337,095)	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)
Total assets	636,351)	619,003)	562,624)	533,898)	523,013)	512,163)	484,275)	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)

The analyzed data reflects the quarterly financial evolution over multiple years, highlighting key asset components and their cumulative impact on the total asset base.

Liquidity Position: Cash and cash equivalents exhibited significant fluctuation, with an overall upward trend reaching a notable peak around mid-2023, driven by a sharp increase in the quarter ending June 30, 2023. Short-term investments showed a consistent gradual decline over time, indicating a strategic reduction or reallocation of liquid investments. When combined, the sum of cash, cash equivalents, and short-term investments demonstrated relative stability with intermittent peaks, suggesting active management of liquid assets to balance operational needs and investment opportunities.
Receivables and Inventories: Accounts receivable presented notable volatility, with some quarters showing substantial increases, particularly around mid-2023 and persisting through 2024. This suggests either increased sales on credit or changes in collection efficiency. Inventories generally declined over the observed periods, with some short-term increases; however, the downward trend indicates an improved inventory turnover or a possible shift towards less inventory-intensive operations.
Other Current Assets: This category steadily increased over time with temporary slowdowns, evidencing expansion in miscellaneous current assets which may include prepaid expenses or deferred charges. The growth corresponds with the overall increase in current assets but at a more moderate pace.
Current Assets: Overall, current assets showed fluctuation with a mild upward trend punctuated by several declines in specific periods, particularly evident in late 2021 and late 2023, correlating with movements in cash and investments. The balance indicates a cautious approach to liquidity management, balancing operational flexibility while managing asset utilization.
Fixed and Long-term Assets: Property and equipment net of depreciation displayed a strong and consistent upward trajectory, reflecting ongoing capital expenditure and investment in physical assets. This steady growth indicates a commitment to expanding or upgrading operational infrastructure.; Operating lease right-of-use assets increased steadily, paralleling the adoption and growth of lease agreements under accounting standards, reflecting more leased asset commitments over time.; Goodwill remained relatively stable in early periods but surged dramatically from late 2021 onward, implying significant acquisitions or business combinations that increased intangible asset recognition.; Intangible assets net demonstrated an inverse trend to goodwill, with a decline over time possibly due to amortization exceeding new additions, even as the company’s intangible asset profile evolved.; Other long-term assets showed steady growth, indicating incremental increases in miscellaneous investments or long-term financial instruments contributing to asset diversification.; The total long-term assets rose substantially, driven mainly by increases in property, lease assets, goodwill, and other long-term categories, suggesting strategic investments in non-current resources with potential long-term benefit.
Total Assets: The total asset base expanded consistently throughout the reporting periods, with only minor fluctuations. The increase aligns with trends seen in fixed assets, goodwill, and long-term investments. The growth was particularly pronounced in recent quarters, highlighting an aggressive asset accumulation or business expansion strategy. This escalation reflects an overall strengthening of the balance sheet and a scaling of the company’s asset operations.

Assets: Selected Items

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Current Assets: Selected Items

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Microsoft Corp. (NASDAQ:MSFT)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data