微軟3Q18財(cái)年財(cái)務(wù)數(shù)據(jù)MSFT-FY18Q3-10Q

1、 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2018 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT

2、 OF 1934 For the Transition Period Fromto Commission File Number: 001-37845 MICROSOFT CORPORATION (Exact name of registrant as specified in its charter) Washington91-1144442(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)One Microsoft Way, Redmond, Was

3、hington98052-6399(Address of principal executive offices)(Zip Code)(425) 882-8080 (Registrants telephone number, including area code) None (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1)has filed all reports require

4、d to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.YesNo Indicate by check mark whether t

5、he registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was

6、 required to submit and post such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “l(fā)arge accelerated filer,” “accelerated filer,

7、” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filerAcceleratedfilerNon-acceleratedfiler (Donotcheckifasmallerreportingcompany)SmallerreportingcompanyEmerging growth companyIf an emerging growth company, indicate by check mark if the

8、registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act

9、).YesNo Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the latest practicable date. ClassOutstandingas ofApril 20,2018Common Stock, $0.00000625 par value per share7,683,197,503 shares MICROSOFT CORPORATION FORM 10-Q For the Quarter Ended March 31, 201

10、8 INDEX PagePARTI.FINANCIALINFORMATIONItem 1.Financial Statementsa)Income Statements for the Three and Nine Months Ended March 31, 2018 and 20173b)Comprehensive Income Statements for the Three and Nine Months Ended March 31, 2018 and 20174c)Balance Sheets as of March 31, 2018 and June 30, 20175d)Cas

11、h Flows Statements for the Three and Nine Months Ended March 31, 2018 and20176e)Stockholders Equity Statements for the Three and Nine Months Ended March 31, 2018 and20177f)Notes to Financial Statements8g)Report of Independent Registered Public Accounting Firm39Item2.Managements Discussion and Analys

12、is of Financial Condition and Results of Operations40Item 3.Quantitative and Qualitative Disclosures About Market Risk55Item 4. HYPERLINK l ITEM_4_CONTROLS_PROCEDURES Controls and Procedures56PARTII.OTHERINFORMATIONItem 1.Legal Proceedings57Item1A.Risk Factors57Item 2.Unregistered Sales of Equity Se

13、curities and Use of Proceeds67Item 5.Other Information67Item 6.Exhibits68SIGNATURE69PART IItem 1 PART I. FINANCIAL INFORMATION ITEM1. FINANCIAL STATEMENTS INCOME STATEMENTS (In millions, except per share amounts) (Unaudited)ThreeMonthsEndedMarch31,NineMonthsEndedMarch31,2018201720182017Revenue:Produ

14、ct$15,114$14,513$47,338$47,754Service and other11,7058,69932,93723,212Total revenue26,81923,21280,27570,966Cost of revenue:Product3,4253,07511,90312,034Service and other5,8444,98516,70813,771Total cost of revenue9,2698,06028,61125,805Gross margin17,55015,15251,66445,161Research and development3,7153

15、,35510,7939,523Sales and marketing4,3353,87212,70911,169General and administrative1,2081,2023,4833,126Operating income8,2926,72324,67921,343Other income, net3493711,115600Income before income taxes8,6417,09425,79421,943Provision for income taxes1,2171,60818,0964,523Net income$7,424$5,486$7,698$17,42

16、0Earnings per share:Basic$0.96$0.71$1.00$2.25Diluted$0.95$0.70$0.99$2.22Weighted average shares outstanding:Basic7,6987,7257,7067,756Diluted7,7947,8137,7987,840Cash dividends declared per common share$0.42$0.39$1.26$1.17Refer to accompanying notes. COMPREHENSIVE INCOME STATEMENTS (In millions) (Unau

17、dited)ThreeMonthsEndedMarch 31,Nine MonthsEndedMarch 31,2018201720182017Net income$7,424$5,486$7,698$17,420Other comprehensive income (loss), net of tax:Net change related to derivatives7(225)(106)18Net change related to investments(1,016)65(2,182)(846)Translation adjustments and other255349508(125)

18、Other comprehensive income (loss)(754)189(1,780)(953)Comprehensive income$6,670$5,675$5,918$16,467Refer to accompanying notes. Refer to Note 18 Accumulated Other Comprehensive Income (Loss) for further information.BALANCE SHEETS (In millions) (Unaudited)March 31,2018June30,2017AssetsCurrent assets:C

19、ash and cash equivalents$9,221$7,663Short-term investments123,049125,318Total cash, cash equivalents, and short-term investments132,270132,981Accounts receivable, net of allowance for doubtful accounts of $311 and $34517,20822,431Inventories2,0842,181Other5,0975,103Total current assets156,659162,696

20、Property and equipment, net of accumulated depreciation of $28,377 and $24,17927,92923,734Operating lease right-of-use assets6,8596,555Equity and other investments2,8186,023Goodwill35,58235,122Intangible assets, net8,54410,106Other long-term assets7,1066,076Total assets$245,497$250,312Liabilities an

21、d stockholders equityCurrent liabilities:Accounts payable$7,623$7,390Short-term debt2309,072Current portion of long-term debt3,4471,049Accrued compensation5,1495,819Short-term income taxes 814718Short-term unearned revenue21,37024,013Other7,5007,684Total current liabilities46,13355,745Long-term debt

22、73,48076,073Long-term income taxes30,66913,485Long-term unearned revenue2,5852,643Deferred income taxes2,4175,734Operating lease liabilities5,7515,372Other long-term liabilities5,2233,549Total liabilities166,258162,601Commitments and contingenciesStockholders equity:Common stock and paid-in capital

23、shares authorized 24,000; outstanding 7,690 and7,70870,41869,315Retained earnings9,97417,769Accumulated other comprehensive income (loss)(1,153)627Total stockholders equity79,23987,711Total liabilities and stockholders equity$245,497$250,312Refer to accompanying notes. CASH FLOWS STATEMENTS (In mill

24、ions) (Unaudited)ThreeMonthsEndedMarch31,NineMonthsEndedMarch31,2018201720182017OperationsNet income$7,424$5,486$7,698$17,420Adjustments to reconcile net income to net cash from operations:Depreciation, amortization, and other2,7102,4537,7456,435Stock-based compensation expense9698832,9282,353Net re

25、cognized gains on investments and derivatives(438)(590)(1,645)(1,553)Deferred income taxes(396)(284)(2,754)261Changes in operating assets and liabilities:Accounts receivable1,2851,4155,3265,813Inventories(75)(16)107249Other current assets(149)(31)(113)304Other long-term assets(213)(387)(835)(680)Acc

26、ounts payable(393)(425)138(769)Unearned revenue91(45)(2,780)(2,929)Income taxes6451,24717,2802,654Other current liabilities546671(975)(1,057)Other long-term liabilities1452833461Net cash from operations12,15110,66032,46628,502FinancingRepayments of short-term debt, maturities of 90 days or less, net

27、 (7,373)(1,302)(7,324)(8,447)Proceeds from issuance of debt05477,18342,593Repayments of debt(4,883)(211)(9,379)(4,554)Common stock issued251179747551Common stock repurchased(3,781)(2,062)(8,359)(10,023)Common stock cash dividends paid(3,232)(3,012)(9,473)(8,836)Other, net(640)(375)(946)(175)Net cash

28、 from (used in) financing(19,658)(6,236)(27,551)11,109InvestingAdditions to property and equipment(2,934)(1,695)(7,652)(5,846)Acquisition of companies, net of cash acquired, and purchases of intangible and other assets(248)(802)(454)(25,586)Purchases of investments(26,885)(43,918)(105,000)(147,874)M

29、aturities of investments7,6744,86019,25222,234Sales of investments26,25636,44490,553117,754Securities lending payable(19)(1,080)(90)(94)Net cash from (used in) investing3,844(6,191)(3,391)(39,412)Effect of foreign exchange rates on cash and cash equivalents2512344Net change in cash and cash equivale

30、nts(3,638)(1,755)1,558203Cash and cash equivalents, beginning of period12,8598,4687,6636,510Cash and cash equivalents, end of period$9,221$6,713$9,221$6,713Refer to accompanying notes. STOCKHOLDERS EQUITY STATEMENTS (In millions) (Unaudited)ThreeMonthsEndedMarch31,Nine Months EndedMarch31,2018201720

31、182017Common stock and paid-in capitalBalance, beginning of period$70,192$68,177$69,315$68,178Common stock issued251179747551Common stock repurchased(995)(684)(2,572)(2,619)Stock-based compensation expense9698832,9282,353Other, net1(1)091Balance, end of period70,41868,55470,41868,554Retained earning

32、sBalance, beginning of period8,56713,00017,76913,118Net income7,4245,4867,69817,420Common stock cash dividends(3,225)(3,009)(9,696)(9,037)Common stock repurchased(2,792)(1,381)(5,797)(7,405)Balance, end of period9,97414,0969,97414,096Accumulated other comprehensive income (loss)Balance, beginning of

33、 period(399)6526271,794Other comprehensive income (loss)(754)189(1,780)(953)Balance, end of period(1,153)841(1,153)841Total stockholders equity$79,239$83,491$79,239$83,491Refer to accompanying notes. NOTES TO FINANCIAL STATEMENTS (Unaudited) NOTE 1 ACCOUNTING POLICIES Accounting Principles Our unaud

34、ited interim consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, the unaudited interim consolidated financial statements reflect all adjustments of a

35、normal recurring nature that are necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with information included in the Mi

36、crosoft Corporation 2017 Form 10-K filed with the U.S. Securities and Exchange Commission on August 2, 2017.We have recast certain prior period income tax liabilities as discussed in the Recent Tax Legislation section below. We have also recast prior period securities lending payables to other curre

37、nt liabilities on our consolidated balance sheets to conform to the current period presentation, with no impact on consolidated net income or cash flows.Principles of Consolidation The consolidated financial statements include the accounts of Microsoft Corporation and its subsidiaries. Intercompany

38、transactions and balances have been eliminated. Equity investments for which we are able to exercise significant influence over but do not control the investee and are not the primary beneficiary of the investees activities are accounted for using the equity method. Investments for which we are not

39、able to exercise significant influence over the investee and which do not have readily determinable fair values are accounted for under the cost method. Estimates and Assumptions Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of

40、assets, liabilities, revenue, and expenses. Examples of estimates and assumptions include: for revenue recognition, determining the nature and timing of satisfaction of performance obligations, and determining the standalone selling price (“SSP”) of performance obligations, variable consideration, a

41、nd other obligations such as product returns and refunds; loss contingencies; product warranties; the fair value of and/or potential impairment of goodwill and intangible assets for our reporting units; product life cycles; useful lives of our tangible and intangible assets; allowances for doubtful

42、accounts; the market value of, and demand for, our inventory; stock-based compensation forfeiture rates; when technological feasibility is achieved for our products; the potential outcome of future tax consequences of events that have been recognized on our consolidated financial statements or tax r

43、eturns; and determining when investment impairments are other-than-temporary. Actual results and outcomes may differ from managements estimates and assumptions. Revenue Product Revenue and Service and Other Revenue Product revenue includes sales from operating systems; cross-device productivity appl

44、ications; server applications; business solution applications; desktop and server management tools; software development tools; video games; and hardware such as PCs, tablets, gaming and entertainment consoles, other intelligent devices, and related accessories. Service and other revenue includes sa

45、les from cloud-based solutions that provide customers with software, services, platforms, and content such as Microsoft Office 365, Microsoft Azure, Microsoft Dynamics 365, and Xbox Live; solution support; and consulting services. Service and other revenue also includes sales from online advertising

46、 and LinkedIn.Revenue RecognitionRevenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. We enter into contracts that can include various combinations of

47、 products and services, which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of allowances for returns and any taxes collected from customers, which are subsequently remitted to governmental authorities. Nature of Products and

48、 ServicesLicenses for on-premises software provide the customer with a right to use the software as it exists when made available to the customer. Customers may purchase perpetual licenses or subscribe to licenses, which provide customers with the same functionality and differ mainly in the duration

49、 over which the customer benefits from the software. Revenue from distinct on-premises licenses is recognized upfront at the point in time when the software is made available to the customer. In cases where we allocate revenue to software updates, primarily because the updates are provided at no add

50、itional charge, revenue is recognized as the updates are provided, which is generally ratably over the estimated life of the related device or license.Certain volume licensing programs, including Enterprise Agreements, include on-premises licenses combined with Software Assurance (“SA”). SA conveys

51、rights to new software and upgrades released over the contract period and provides support, tools, and training to help customers deploy and use products more efficiently. On-premises licenses are considered distinct performance obligations when sold with SA. Revenue allocated to SA is generally rec

52、ognized ratably over the contract period as customers simultaneously consume and receive benefits, given that SA comprises distinct performance obligations that are satisfied over time. Cloud services, which allow customers to use hosted software over the contract period without taking possession of

53、 the software, are provided on either a subscription or consumption basis. Revenue related to cloud services provided on a subscription basis is recognized ratably over the contract period. Revenue related to cloud services provided on a consumption basis, such as the amount of storage used in a per

54、iod, is recognized based on the customer utilization of such resources. When cloud services require a significant level of integration and interdependency with software and the individual components are not considered distinct, all revenue is recognized over the period in which the cloud services ar

55、e provided. Revenue from search advertising is recognized when the advertisement appears in the search results or when the action necessary to earn the revenue has been completed. Revenue from consulting services is recognized as services are provided. Our hardware is generally highly dependent on,

56、and interrelated with, the underlying operating system and cannot function without the operating system. In these cases, the hardware and software license are accounted for as a single performance obligation and revenue is recognized at the point in time when ownership is transferred to resellers or

57、 directly to end customers through retail stores and online marketplaces. Refer to Note 19 Segment Information and Geographic Data for further information, including revenue by significant product and service offering.Significant JudgmentsOur contracts with customers often include promises to transf

58、er multiple products and services to a customer. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. When a cloud-based service includes both on-premises software licenses

59、and cloud services, judgment is required to determine whether the software license is considered distinct and accounted for separately, or not distinct and accounted for together with the cloud service and recognized over time. Certain cloud services, primarily Office 365, depend on a significant le

60、vel of integration, interdependency, and interrelation between the desktop applications and cloud services, and are accounted for together as one performance obligation. Revenue from Office 365 is recognized ratably over the period in which the cloud services are provided.Judgment is required to det