Cash Flow Statement
Quarterly Data
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.
Paying user area
Try for free
Microsoft Corp. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Microsoft Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Microsoft Corp., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 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).
The financial information reveals a complex pattern of cash flows over the analyzed period. Net income demonstrates a generally increasing trend, particularly from fiscal year 2021 onwards, with a significant surge in the final periods presented. However, this growth is not consistently reflected across all cash flow activities.
- Operating Activities
- Net cash generated from operating activities generally remains positive and exhibits an upward trend, although with some quarterly fluctuations. The period between September 2021 and December 2022 shows a noticeable decrease, followed by a strong recovery and continued growth. Adjustments to reconcile net income to net cash from operations are consistently positive and contribute significantly to the overall cash flow from operations.
- Investing Activities
- Cash flow from investing activities is predominantly negative, driven by substantial purchases of investments and acquisitions of companies. A particularly large outflow is observed in the period ending December 2023, largely attributable to acquisitions. Maturities of investments provide a consistent inflow, partially offsetting the outflows, but are insufficient to result in positive net cash flow from investing. Additions to property and equipment also contribute to the negative cash flow, with increasing amounts spent in later periods.
- Financing Activities
- Net cash flow from financing activities is consistently negative throughout the majority of the period. This is primarily due to significant common stock repurchases and dividend payments, which consistently outweigh proceeds from the issuance of common stock and debt. A notable positive inflow is observed in the period ending September 2025, likely due to a large debt issuance, but this is followed by continued negative cash flow. Repayments of debt are also a consistent outflow.
- Key Components & Trends
- Depreciation, amortization, and stock-based compensation consistently contribute positive cash flow from operations. Deferred income taxes show considerable variability, with both positive and negative impacts on cash flow. Accounts receivable demonstrates significant fluctuations, indicating potential changes in credit policies or collection efficiency. Unearned revenue also exhibits substantial variability, suggesting shifts in revenue recognition patterns. The effect of foreign exchange rates on cash and cash equivalents is relatively small but consistently present.
Overall, the company demonstrates strong profitability as indicated by net income. However, its cash flow profile is heavily influenced by significant investments in acquisitions, stock repurchases, and dividend payments. While operating activities generate substantial cash, it is largely offset by these investing and financing activities, resulting in a complex and dynamic cash flow pattern.