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

12 months ended:	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Net income	72,738)	61,271)	44,281)	39,240)	16,571)	21,204)
Depreciation, amortization, and other	14,460)	11,686)	12,796)	11,682)	10,261)	8,778)
Stock-based compensation expense	7,502)	6,118)	5,289)	4,652)	3,940)	3,266)
Net recognized gains on investments and derivatives	(409)	(1,249)	(219)	(792)	(2,212)	(2,073)
Deferred income taxes	(5,702)	(150)	11)	(6,463)	(5,143)	(3,296)
Deferral of unearned revenue	—)	—)	—)	—)	—)	67,711)
Recognition of unearned revenue	—)	—)	—)	—)	—)	(57,735)
Accounts receivable	(6,834)	(6,481)	(2,577)	(2,812)	(3,862)	(925)
Inventories	(1,123)	(737)	168)	597)	(465)	50)
Other current assets	(709)	(932)	(2,330)	(1,718)	(952)	1,066)
Other long-term assets	(2,805)	(3,459)	(1,037)	(1,834)	(285)	(539)
Accounts payable	2,943)	2,798)	3,018)	232)	1,148)	81)
Unearned revenue	5,109)	4,633)	2,212)	4,462)	5,922)	—)
Income taxes	696)	(2,309)	(3,631)	2,929)	18,183)	—)
Other current liabilities	2,344)	4,149)	1,346)	1,419)	798)	386)
Other long-term liabilities	825)	1,402)	1,348)	591)	(20)	1,533)
Changes in operating assets and liabilities	446)	(936)	(1,483)	3,866)	20,467)	1,652)
Adjustments to reconcile net income to net cash from operations	16,297)	15,469)	16,394)	12,945)	27,313)	18,303)
Net cash from operations	89,035)	76,740)	60,675)	52,185)	43,884)	39,507)
Repayments of short-term debt, maturities of 90 days or less, net	—)	—)	—)	—)	(7,324)	(4,963)
Proceeds from issuance of debt	—)	—)	—)	—)	7,183)	44,344)
Cash premium on debt exchange	—)	(1,754)	(3,417)	—)	—)	—)
Repayments of debt	(9,023)	(3,750)	(5,518)	(4,000)	(10,060)	(7,922)
Common stock issued	1,841)	1,693)	1,343)	1,142)	1,002)	772)
Common stock repurchased	(32,696)	(27,385)	(22,968)	(19,543)	(10,721)	(11,788)
Common stock cash dividends paid	(18,135)	(16,521)	(15,137)	(13,811)	(12,699)	(11,845)
Other, net	(863)	(769)	(334)	(675)	(971)	(190)
Net cash from (used in) financing	(58,876)	(48,486)	(46,031)	(36,887)	(33,590)	8,408)
Additions to property and equipment	(23,886)	(20,622)	(15,441)	(13,925)	(11,632)	(8,129)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets	(22,038)	(8,909)	(2,521)	(2,388)	(888)	(25,944)
Purchases of investments	(26,456)	(62,924)	(77,190)	(57,697)	(137,380)	(176,905)
Maturities of investments	16,451)	51,792)	66,449)	20,043)	26,360)	28,044)
Sales of investments	28,443)	14,008)	17,721)	38,194)	117,577)	136,350)
Other, net	(2,825)	(922)	(1,241)	—)	(98)	(197)
Net cash used in investing	(30,311)	(27,577)	(12,223)	(15,773)	(6,061)	(46,781)
Effect of foreign exchange rates on cash and cash equivalents	(141)	(29)	(201)	(115)	50)	19)
Net change in cash and cash equivalents	(293)	648)	2,220)	(590)	4,283)	1,153)
Cash and cash equivalents, beginning of period	14,224)	13,576)	11,356)	11,946)	7,663)	6,510)
Cash and cash equivalents, end of period	13,931)	14,224)	13,576)	11,356)	11,946)	7,663)

Based on: 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), 10-K (reporting date: 2017-06-30).

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 2020 to 2021 and from 2021 to 2022.
Net cash from (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 from (used in) financing decreased from 2020 to 2021 and from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.

Microsoft Corp. (NASDAQ:MSFT)

Cash Flow Statement