Microsoft 2006 Annual Report Download - page 42

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PAGE 41
INCOME STATEMENTS
(In millions, except per share amounts)
Y
ear Ended June 30
2006
2005
2004
Revenue
$44,282 $39,788
$36,835
Operating expenses:
Cost of revenue
7,650 6,031
6,596
Research and developmen
t
6,584 6,097
7,735
Sales and marketin
g
9,818 8,563
8,195
General and administrative
3,758 4,536
5,275
Total operating expenses
27,810 25,227
27,801
Operating income
16,472 14,561
9,034
Investment income and other
1,790 2,067
3,162
Income before income taxes
18,262 16,628
12,196
Provision for income taxes
5,663 4,374
4,028
Ne
t
income
$12,599 $12,254
$
8,168
Earnings per share:
Basic
$
1.2
1
$ 1.13
$
0.76
Diluted
$
1.20 $ 1.12
$
0.75
Weighted average shares outstanding:
Basic
10,438 10,839
10,803
Diluted
10,53
1
10,906
10,894
Cash dividends declared per common share
$
0.35 $ 3.40
$
0.16
See accompanying notes.