Stock Analysis on Net

Microsoft Corp. (NASDAQ:MSFT)

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Microsoft Corp., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Net income 72,361 72,738 61,271 44,281 39,240 16,571
Depreciation, amortization, and other 13,861 14,460 11,686 12,796 11,682 10,261
Stock-based compensation expense 9,611 7,502 6,118 5,289 4,652 3,940
Net recognized (gains) losses on investments and derivatives 196 (409) (1,249) (219) (792) (2,212)
Deferred income taxes (6,059) (5,702) (150) 11 (6,463) (5,143)
Accounts receivable (4,087) (6,834) (6,481) (2,577) (2,812) (3,862)
Inventories 1,242 (1,123) (737) 168 597 (465)
Other current assets (1,991) (709) (932) (2,330) (1,718) (952)
Other long-term assets (2,833) (2,805) (3,459) (1,037) (1,834) (285)
Accounts payable (2,721) 2,943 2,798 3,018 232 1,148
Unearned revenue 5,535 5,109 4,633 2,212 4,462 5,922
Income taxes (358) 696 (2,309) (3,631) 2,929 18,183
Other current liabilities 2,272 2,344 4,149 1,346 1,419 798
Other long-term liabilities 553 825 1,402 1,348 591 (20)
Changes in operating assets and liabilities (2,388) 446 (936) (1,483) 3,866 20,467
Adjustments to reconcile net income to net cash from operations 15,221 16,297 15,469 16,394 12,945 27,313
Net cash from operations 87,582 89,035 76,740 60,675 52,185 43,884
Repayments of short-term debt, maturities of 90 days or less, net (7,324)
Proceeds from issuance of debt 7,183
Cash premium on debt exchange (1,754) (3,417)
Repayments of debt (2,750) (9,023) (3,750) (5,518) (4,000) (10,060)
Common stock issued 1,866 1,841 1,693 1,343 1,142 1,002
Common stock repurchased (22,245) (32,696) (27,385) (22,968) (19,543) (10,721)
Common stock cash dividends paid (19,800) (18,135) (16,521) (15,137) (13,811) (12,699)
Other, net (1,006) (863) (769) (334) (675) (971)
Net cash used in financing (43,935) (58,876) (48,486) (46,031) (36,887) (33,590)
Additions to property and equipment (28,107) (23,886) (20,622) (15,441) (13,925) (11,632)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets (1,670) (22,038) (8,909) (2,521) (2,388) (888)
Purchases of investments (37,651) (26,456) (62,924) (77,190) (57,697) (137,380)
Maturities of investments 33,510 16,451 51,792 66,449 20,043 26,360
Sales of investments 14,354 28,443 14,008 17,721 38,194 117,577
Other, net (3,116) (2,825) (922) (1,241) (98)
Net cash used in investing (22,680) (30,311) (27,577) (12,223) (15,773) (6,061)
Effect of foreign exchange rates on cash and cash equivalents (194) (141) (29) (201) (115) 50
Net change in cash and cash equivalents 20,773 (293) 648 2,220 (590) 4,283
Cash and cash equivalents, beginning of period 13,931 14,224 13,576 11,356 11,946 7,663
Cash and cash equivalents, end of period 34,704 13,931 14,224 13,576 11,356 11,946

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).

Cash flow statement item Description The company
Net cash from operations Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Microsoft Corp. net cash from operations increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Net cash used in financing Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Microsoft Corp. net cash used in financing decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net cash used in investing Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Microsoft Corp. net cash used in investing decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.