Microsoft 2008 Annual Report Download - page 39

Download and view the complete annual report

Please find page 39 of the 2008 Microsoft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 73

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73

PAGE 38
STOCKHOLDERS’ EQUITY STATEMENTS
(In millions)
Y
ear Ended June 30, 2008
2007 2006
Common stock and paid-in capital
Balance, beginning of period $60,557
$ 59,005 $60,413
Common stock issued 3,504
6,783 1,939
Common stock repurchased (3,022) (6,162) (4,447)
Stock-based compensation expense 1,479
1,550 1,715
Stock option income tax benefits (deficiencies) 253
(661) (617)
Other, net 78
42 2
Balance, end of period 62,849
60,557 59,005
Retained earnings (deficit)
Balance, beginning of period (29,460) (18,901) (12,298)
Cumulative effect of a change in accounting principle – adoption of
FIN 48(1) (395)
–
–
Cumulative effect of a change in accounting principle – adoption of
EITF 06-2(1) (17)
–
–
Net income 17,681
14,065 12,599
Other comprehensive income:
Net unrealized gains on derivative instruments 18
14 76
Net unrealized gains (losses) on investments (653) 326 (282)
Translation adjustments and other 121
85 9
Comprehensive income 17,167
14,490 12,402
Common stock cash dividends (4,084) (3,837) (3,594)
Common stock repurchased (9,774) (21,212) (15,411)
Balance, end of period (26,563) (29,460) (18,901)
Total stockholders’ equity $36,286
$ 31,097 $40,104
(1) See Note 1 of Notes to Financial Statements.
See accompanying notes.