Microsoft 2014 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 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

4
We repurchased the following shares of common stock under the above-described repurchase plans:
(In millions) Shares Amount Shares Amount Shares Amount
Y
ear Ended June 30, 2014 (a) 2013 (b) 2012 (b)
First quarter 47 $ 1,500 33 $ 1,000 38 $ 1,000
Second quarter 53 2,000 58 1,607 39 1,000
Third quarter 47 1,791 36 1,000 31 1,000
Fourth quarter 28 1,118 31 1,000 34 1,000
Total 175 $ 6,409 158 $ 4,607 142 $ 4,000
(a) Of the 175 million shares repurchased in fiscal year 2014, 128 million shares were repurchased for $4.9 billion under
the share repurchase program approved by our Board of Directors on September 16, 2013 and 47 million shares
were repurchased for $1.5 billion under the share repurchase program that was announced on September 22, 2008
and expired on September 30, 2013.
(b) All shares repurchased in fiscal years 2013 and 2012 were repurchased under the repurchase plan that was
announced on September 22, 2008 and expired on September 30, 2013.
The above table excludes shares repurchased to settle statutory employee tax withholding related to the vesting of stock
awards.
Dividends
In fiscal year 2014, our Board of Directors declared the following dividends:
Declaration Date Dividend
Per Share Record Date Total Amount Payment Date
(In millions)
September 16, 2013 $ 0.28 November 21, 2013 $ 2,332 December 12, 2013
November 19, 2013 $ 0.28 February 20, 2014 $ 2,322 March 13, 2014
March 11, 2014 $ 0.28 May 15, 2014 $ 2,309 June 12, 2014
June 10, 2014 $ 0.28 August 21, 2014 $ 2,307 September 11, 2014
The dividend declared on June 10, 2014 will be paid after the filing date of our Form 10-K and was included in other
current liabilities as of June 30, 2014.
In fiscal year 2013, our Board of Directors declared the following dividends:
Declaration Date Dividend
Per Share Record Date Total Amount Payment Date
(In millions)
September 18, 2012 $ 0.23 November 15, 2012 $ 1,933 December 13, 2012
November 28, 2012 $ 0.23 February 21, 2013 $ 1,925 March 14, 2013
March 11, 2013 $ 0.23 May 16, 2013 $ 1,921 June 13, 2013
June 12, 2013 $ 0.23
A
ugust 15, 2013 $ 1,916 September 12, 2013
The dividend declared on June 12, 2013 was included in other current liabilities as of June 30, 2013.