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PAGE 5
SELECTED FINANCIAL DATA, QUARTERLY STOCK PRICE INFORMATION,
ISSUER PURCHASES OF EQUITY SECURITIES, AND STOCK PERFORMANCE
FINANCIAL HIGHLIGHTS
(In millions, except per share data)
Fiscal Year Ended June 30 2007 2006 2005 2004 2003
Revenue $51,122 $44,282 $39,788 $36,835 $32,187
Operating income 18,524 16,472 14,561 9,034 9,545
Net income 14,065 12,599 12,254 8,168 7,531
Diluted earnings per share $ 1.42 $ 1.20 $ 1.12 $ 0.75 $ 0.69
Cash dividends declared per share $ 0.40 $ 0.35 $ 3.40 $ 0.16 $ 0.08
Cash and short-term investments 23,411 34,161 37,751 60,592 49,048
Total assets 63,171 69,597 70,815 94,368 81,732
Long-term obligations 8,320 7,051 5,823 4,574 2,846
Stockholders’ equity 31,097 40,104 48,115 74,825 64,912
Our common stock is traded on The NASDAQ Stock Market under the symbol MSFT. On August 1, 2007, there
were 148,344 registered holders of record of our common stock. The high and low common stock prices per
share were as follows:
Quarter Ended Sep. 30 Dec. 31 Mar. 31 June 30
Y
ea
r
Fiscal year 2007
Common stock price per share:
High $27.52 $30.26 $31.48 $31.16 $31.48
Low 22.23 27.15 26.60 27.56 22.23
Fiscal year 2006
Common stock price per share:
High $27.94 $28.25 $28.38 $27.94 $28.38
Low 24.50 24.25 26.10 21.46 21.46
See Note 12 – Stockholders’ Equity of the Notes to Financial Statements for information regarding dividends
approved by our Board of Directors in fiscal years 2007 and 2006.
On July 20, 2006, we announced that our Board of Directors authorized two new share repurchase programs:
a $20.00 billion tender offer which was completed on August 17, 2006; and authorization for up to an additional
$20.00 billion ongoing share repurchase program that expires on June 30, 2011. Under the tender offer, we
repurchased approximately 155 million shares of common stock, or 1.5% of our common shares outstanding, for
approximately $3.84 billion at a price per share of $24.75. On August 18, 2006, we announced that the
authorization for the $20.00 billion ongoing share repurchase program had been increased by approximately
$16.16 billion. As a result, we are authorized to repurchase additional shares in an amount up to $36.16 billion
through June 30, 2011. The repurchase program may be suspended or discontinued at any time without prior
notice. The transactions occurred in open market purchases and pursuant to a trading plan under Rule 10b5-1.
We repurchased common stock in each quarter of fiscal year 2007 using available cash resources as follows:
Period Total number o
f
shares purchased
A
verage price
paid per share
July 1, 2006 – September 30, 2006 285,126,354 $24.43
October 1, 2006 – December 31, 2006 205,416,571 $29.39
January 1, 2007 – March 31, 2007 237,497,727 $28.40
April 1, 2007 – June 30, 2007 242,715,913 $30.35