Microsoft 2009 Annual Report Download - page 40

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PAGE 40
INCOME STATEMENTS
(In millions, except per share amounts)
Y
ear Ended June 30, 2009
2008 2007
Revenue $58,437
$ 60,420 $51,122
Operating expenses:
Cost of revenue 12,155
11,598 10,693
Research and development 9,010
8,164 7,121
Sales and marketing 12,879
13,260 11,541
General and administrative 3,700
5,127 3,329
Employee severance 330
– –
Total operating expenses
3
8,074
38,149 32,684
Operating income
2
0,363
22,271 18,438
Other income (expense) (542 ) 1,543 1,663
Income before income taxes 19,821
23,814 20,101
Provision for income taxes 5,252
6,133 6,036
Net income $14,569
$ 17,681 $14,065
Earnings per share:
Basic $1.63
$ 1.90 $1.44
Diluted $1.62
$ 1.87 $1.42
Weighted average shares outstanding:
Basic 8,945
9,328 9,742
Diluted 8,996
9,470 9,886
Cash dividends declared per common share $0.52
$ 0.44 $0.40
See accompanying notes.