Microsoft 2014 Annual Report Download - page 4

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3
SELECTED FINANCIAL DATA, QUARTERLY STOCK PRICE INFORMATION,
ISSUER PURCHASES OF EQUITY SECURITIES, DIVIDENDS, AND STOCK PERFORMANCE
FINANCIAL HIGHLIGHTS
(In millions, except per share data)
Year Ended June 30, 2014
(
a
)
2013 2012 2011 2010
Revenue $ 86,833 $ 77,849 $ 73,723 $ 69,943 $ 62,484
Operating income $ 27,759 $ 26,764
(c) $ 21,763
(d) $ 27,161 $ 24,098
Net income $ 22,074
(b) $ 21,863
(c) $ 16,978
(d) $ 23,150 $ 18,760
Diluted earnings per share $ 2.63
(b) $ 2.58
(c) $ 2.00
(d) $ 2.69 $ 2.10
Cash dividends declared per share $ 1.12 $ 0.92 $ 0.80 $ 0.64 $ 0.52
Cash, cash equivalents, and short-term
investments $ 85,709 $ 77,022 $ 63,040 $ 52,772 $ 36,788
Total assets $ 172,384 $ 142,431 $ 121,271 $ 108,704 $ 86,113
Long-term obligations $ 36,975 $ 26,070 $ 22,220 $ 22,847 $ 13,791
Stockholders’ equity $ 89,784 $ 78,944 $ 66,363 $ 57,083 $ 46,175
(a) On April 25, 2014, we acquired substantially all of Nokia’s Devices and Services business (“NDS”). NDS has been
included in our consolidated results of operations starting on the acquisition date.
(b) Includes a tax provision adjustment recorded in the fourth quarter of fiscal year 2014 related to adjustments to prior
years’ liabilities for intercompany transfer pricing which decreased net income by $458 million and diluted earnings
per share by $0.05.
(c) Includes a charge related to a fine imposed by the European Commission in March 2013 which decreased operating
income and net income by $733 million (€561 million) and diluted earnings per share by $0.09. Also includes a
charge for Surface RT inventory adjustments recorded in the fourth quarter of fiscal year 2013, which decreased
operating income by $900 million, net income by $596 million, and diluted earnings per share by $0.07.
(d) Includes a goodwill impairment charge related to our previous Online Services Division business segment (related to
Devices and Consumer Other under our current segment structure) which decreased operating income and net
income by $6.2 billion and diluted earnings per share by $0.73.
QUARTERLY STOCK PRICE
Our common stock is traded on the NASDAQ Stock Market under the symbol MSFT. On July 22, 2014, there were
113,923 registered holders of record of our common stock. The high and low common stock sales prices per share were
as follows:
Quarter Ended September 30 December 31 March 31 June 30 Fiscal
Y
ea
r
Fiscal Year 2014
High $ 36.43 $ 38.98 $ 41.50 $ 42.29 $ 42.29
Low $ 30.84 $ 32.80 $ 34.63 $ 38.51 $ 30.84
Fiscal Year 2013
High $ 31.61 $ 30.25 $ 28.66 $ 35.78 $ 35.78
Low $ 28.54 $ 26.26 $ 26.28 $ 28.11 $ 26.26
SHARE REPURCHASES AND DIVIDENDS
Share Repurchases
On September 16, 2013, our Board of Directors approved a new share repurchase program authorizing up to $40.0 billion
in share repurchases. The share repurchase program became effective on October 1, 2013, has no expiration date, and
may be suspended or discontinued at any time without notice. This new share repurchase program replaced the share
repurchase program that was announced on September 22, 2008 and expired on September 30, 2013. As of June 30,
2014, $35.1 billion remained of our $40.0 billion share repurchase program. All repurchases were made using cash
resources.