Microsoft 2014 Annual Report Download - page 42

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41
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
INCOME STATEMENTS
(In millions, except per share amounts)
Y
ear Ended June 30, 2014 2013 2012
Revenue $ 86,833 $ 77,849 $ 73,723
Cost of revenue 26,934 20,249 17,530
Gross margin 59,899 57,600 56,193
Research and development 11,381 10,411 9,811
Sales and marketing 15,811 15,276 13,857
General and administrative 4,821 5,149 4,569
Goodwill impairment 0 0 6,193
Integration and restructuring 127 0 0
Operating income 27,759 26,764 21,763
Other income, net 61 288 504
Income before income taxes 27,820 27,052 22,267
Provision for income taxes 5,746 5,189 5,289
Net income $ 22,074 $ 21,863 $ 16,978
Earnings per share:
Basic $ 2.66 $ 2.61 $ 2.02
Diluted $ 2.63 $ 2.58 $ 2.00
Weighted average shares outstanding:
Basic 8,299 8,375 8,396
Diluted 8,399 8,470 8,506
Cash dividends declared per common share $ 1.12 $ 0.92 $ 0.80
See accompanying notes.