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Microsoft Corp. (MSFT)


Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Microsoft Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014
Accounts payable 9,382  8,617  7,390  6,898  6,591  7,432 
Short-term debt —  —  9,072  12,904  4,985  2,000 
Current portion of long-term debt 5,516  3,998  1,049  —  2,499  — 
Accrued compensation 6,830  6,103  5,819  5,264  5,096  4,797 
Short-term income taxes 5,665  2,121  718  580  606  782 
Short-term unearned revenue 32,676  28,905  34,102  27,468  23,223  23,150 
Securities lending payable —  —  97  294  92  558 
Other 9,351  8,744  6,280  5,949  6,766  6,906 
Current liabilities 69,420  58,488  64,527  59,357  49,858  45,625 
Long-term debt, excluding current portion 66,662  72,242  76,073  40,783  27,808  20,645 
Long-term income taxes 29,612  30,265  —  —  —  — 
Long-term unearned revenue 4,530  3,815  10,377  6,441  2,095  2,008 
Deferred income taxes 233  541  531  1,476  2,835  2,728 
Long-term operating lease liabilities 6,188  5,568  —  —  —  — 
Other long-term liabilities 7,581  5,211  17,184  13,640  13,544  11,594 
Long-term liabilities 114,806  117,642  104,165  62,340  46,282  36,975 
Total liabilities 184,226  176,130  168,692  121,697  96,140  82,600 
Common stock and paid-in capital 78,520  71,223  69,315  68,178  68,465  68,366 
Retained earnings 24,150  13,682  2,648  2,282  9,096  17,710 
Accumulated other comprehensive income (loss) (340) (2,187) 431  1,537  2,522  3,708 
Stockholders’ equity 102,330  82,718  72,394  71,997  80,083  89,784 
Total liabilities and stockholders’ equity 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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Microsoft Corp.’s current liabilities decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Microsoft Corp.’s long-term liabilities increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Microsoft Corp.’s total liabilities increased from 2017 to 2018 and from 2018 to 2019.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Microsoft Corp.’s stockholders’ equity increased from 2017 to 2018 and from 2018 to 2019.