Microsoft 2013 Annual Report Download - page 42

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FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
INCOME STATEMENTS
(In millions, except per share amounts)
Year Ended June 30,
2013
2012
2011
Revenue
$ 77,849
$ 73,723
$ 69,943
Cost of revenue
20,249
17,530
15,577
Gross profit
57,600
56,193
54,366
Operating expenses:
Research and development
10,411
9,811
9,043
Sales and marketing
15,276
13,857
13,940
General and administrative
5,149
4,569
4,222
Goodwill impairment
0
6,193
0
Total operating expenses
30,836
34,430
27,205
Operating income
26,764
21,763
27,161
Other income
288
504
910
Income before income taxes
27,052
22,267
28,071
Provision for income taxes
5,189
5,289
4,921
Net income
$ 21,863
$ 16,978
$ 23,150
Earnings per share:
Basic
$ 2.61
$ 2.02
$ 2.73
Diluted
$ 2.58
$ 2.00
$ 2.69
Weighted average shares outstanding:
Basic
8,375
8,396
8,490
Diluted
8,470
8,506
8,593
Cash dividends declared per common share
$ 0.92
$ 0.80
$ 0.64
See accompanying notes.