Microsoft 2014 Annual Report Download - page 46

Download and view the complete annual report

Please find page 46 of the 2014 Microsoft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

45
STOCKHOLDERS’ EQUITY STATEMENTS
(In millions)
Y
ear Ended June 30, 2014 2013 2012
Common stock and paid-in capital
Balance, beginning of period $ 67,306 $ 65,797 $ 63,415
Common stock issued 607 920 1,924
Common stock repurchased (2,328) (2,014) (1,714)
Stock-based compensation expense 2,446 2,406 2,244
Stock-based compensation income tax benefits (deficiencies) 272 190 (75)
Other, net 63 7 3
Balance, end of period 68,366 67,306 65,797
Retained earnings (deficit)
Balance, beginning of period 9,895 (856) (8,195)
Net income 22,074 21,863 16,978
Common stock cash dividends (9,271) (7,694) (6,721)
Common stock repurchased (4,988) (3,418) (2,918)
Balance, end of period 17,710 9,895 (856)
Accumulated other comprehensive income
Balance, beginning of period 1,743 1,422 1,863
Other comprehensive income (loss) 1,965 321 (441)
Balance, end of period 3,708 1,743 1,422
Total stockholders’ equity $ 89,784 $ 78,944 $ 66,363
See accompanying notes.