Microsoft 2012 Annual Report Download - page 41

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FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
INCOME STATEMENTS
(In millions, except per share amounts)
Year Ended June 30,
2012
2011
2010
Revenue
$
73,723
$
69,943
$
62,484
Operating expenses:
Cost of revenue
17,530
15,577
12,395
Research and development
9,811
9,043
8,714
Sales and marketing
13,857
13,940
13,214
General and administrative
4,569
4,222
4,063
Goodwill impairment
6,193
0
0
Total operating expenses
51,960
42,782
38,386
Operating income
21,763
27,161
24,098
Other income
504
910
915
Income before income taxes
22,267
28,071
25,013
Provision for income taxes
5,289
4,921
6,253
Net income
$
16,978
$
23,150
$
18,760
Earnings per share:
Basic
$
2.02
$
2.73
$
2.13
Diluted
$
2.00
$
2.69
$
2.10
Weighted average shares outstanding:
Basic
8,396
8,490
8,813
Diluted
8,506
8,593
8,927
Cash dividends declared per common share
$
0.80
$
0.64
$
0.52
See accompanying notes.