Order 1247404: Final Project Part 3!
2017 Balance Sheet
| APPLE Inc (AAPL) | |||||||
| Exchange rate used is that of the Year End reported date | |||||||
| As Reported Annual Balance Sheet | |||||||
| Report Date | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||||
| Currency | USD | USD | USD | ||||
| Audit Status | Not Qualified | Not Qualified | Not Qualified | ||||
| Consolidated | Yes | Yes | Yes | ||||
| Scale | Thousands | Thousands | Thousands | ||||
| Cash | 1347155 | 1126496 | 1480452 | ||||
| Money market funds | - | 330 | 1602 | ||||
| Cash & cash equivalents | 1347155 | 1126826 | 1482054 | ||||
| Marketable securities | 607991 | 703454 | 509032 | ||||
| Accounts receivable trade, gross | 266687 | 500631 | 142542 | ||||
| Allowance for doubtful accounts | - | 2 | 7108 | ||||
| Accounts receivable trade, net | 266687 | 500629 | 135434 | ||||
| Accounts receivable, unbilled & retainage | 205530 | 59171 | 76971 | ||||
| Raw materials | 148222 | 159078 | 157468 | ||||
| Work in process | 13204 | 19736 | 20829 | ||||
| Finished goods | 302305 | 309369 | 442408 | ||||
| Less noncurrent inventories | -100512 | -107759 | -115617 | ||||
| Inventories | 363219 | 380424 | 505088 | ||||
| Balance of systems parts | 62776 | 136889 | 125083 | ||||
| Deferred project costs | 701105 | 187940 | 29354 | ||||
| Deferred tax assets, net | - | - | 91565 | ||||
| Assets held for sale | - | - | 20728 | ||||
| Note receivable, affiliate | 15000 | 1276 | 12487 | ||||
| Prepaid expenses | 42007 | 74990 | 42193 | ||||
| Prepaid income taxes | 35336 | - | - | ||||
| Restricted cash | 37154 | 72526 | 74695 | ||||
| Value added tax receivables | 22308 | - | - | ||||
| Derivative instruments | 6078 | 2691 | 9791 | ||||
| Other current assets | 74274 | 98770 | 75991 | ||||
| Total prepaid expenses & other current assets | 217157 | 248977 | 202670 | ||||
| Total current assets | 3786620 | 3345586 | 3190466 | ||||
| Land | 7839 | 12063 | 12378 | ||||
| Buildings & improvements | 378981 | 410898 | 381925 | ||||
| Machinery & equipment | 1444442 | 1824717 | 1646841 | ||||
| Office equipment & furniture | 147833 | 144773 | 134268 | ||||
| Leasehold improvements | 53552 | 50546 | 50096 | ||||
| Construction in progress | 93164 | 37734 | 154497 | ||||
| Stored assets | 17995 | 138954 | 155389 | ||||
| Gross depreciable property, plant & equipment | 2143806 | 2619685 | 2535394 | ||||
| Less: accumulated depreciation | 1514664 | 1335549 | 1133090 | ||||
| Property, plant & equipment, net | 629142 | 1284136 | 1402304 | ||||
| PV solar power systems, net | 448601 | 93741 | 46393 | ||||
| Project assets & deferred project costs | 800770 | 1111137 | 810348 | ||||
| Deferred tax assets, net | 252655 | 357693 | 222326 | ||||
| Restricted cash & investments | 371307 | 333878 | 407053 | ||||
| Investments in unconsolidated affiliates & joint ventures | 242361 | 399805 | 255029 | ||||
| Goodwill | 14462 | 84985 | 84985 | ||||
| Other intangibles, net | 87970 | 110002 | 119236 | ||||
| Inventories | 100512 | 107759 | 115617 | ||||
| Note receivable, affiliate | 54737 | 17887 | 9127 | ||||
| Other assets | 78076 | 69722 | 61555 | ||||
| Total assets | 6867213 | 7316331 | 6724439 | ||||
| Accounts payable | 148730 | 337668 | 214656 | ||||
| Income taxes payable | 5288 | 1330 | 1727 | ||||
| Accrued compensation & benefits | 47877 | 63699 | 43072 | ||||
| Accrued property, plant & equipment | 14828 | 7808 | 30723 | ||||
| Accrued inventory & balance of systems parts | 13085 | 53542 | 36233 | ||||
| Accrued project assets & deferred project costs | 71164 | 145695 | 113012 | ||||
| Product warranty liability | 40079 | 38468 | 69656 | ||||
| Accrued expenses in excess of normal product warranty liability & related expenses | - | 5040 | 7800 | ||||
| Other accrued expenses | 75944 | 95200 | 87660 | ||||
| Accrued expenses | 262977 | 409452 | 388156 | ||||
| Current portion of long-term debt | 27966 | 38090 | 51918 | ||||
| Billings in excess of costs & estimated earnings | 115623 | 87942 | 195346 | ||||
| Payments & billings for deferred project costs | 284440 | 28580 | 60591 | ||||
| Deferred revenue | 7742 | 17957 | 21879 | ||||
| Derivative instruments | 6642 | 16450 | 7657 | ||||
| Contingent consideration | 19620 | 9233 | 36817 | ||||
| Financing liability | 5219 | 5277 | - | ||||
| Other current liabilities | 15460 | 8821 | 22349 | ||||
| Total other current liabilities | 54683 | 57738 | 88702 | ||||
| Total current liabilities | 899707 | 960800 | 1001096 | ||||
| Accrued solar module collection & recycling liabilities | 166277 | 163407 | 246307 | ||||
| Project construction credit facilities | 196691 | 218183 | 75418 | ||||
| Malaysian Ringgit facility agreement | - | 54175 | 88606 | ||||
| Malaysian Euro facility agreement | - | 21869 | 34112 | ||||
| Malaysian facility agreement | - | 5100 | 25818 | ||||
| Capital lease obligations | 562 | 1065 | 1558 | ||||
| Long-term debt principal | 197253 | 300392 | 225512 | ||||
| Less unamortized discount & issuance costs | -8865 | -10977 | -8591 | ||||
| Total long-term debt | 188388 | 289415 | 216921 | ||||
| Less: current portion | 27966 | 38090 | 51918 | ||||
| Long-term debt | 160422 | 251325 | 165003 | ||||
| Product warranty liability | 212329 | - | - | ||||
| Other taxes payable | 24099 | - | - | ||||
| Contingent consideration | 10472 | - | - | ||||
| Financing liability | 33314 | - | - | ||||
| Other liabilities | 147906 | - | - | ||||
| Other liabilities | 428120 | 392312 | 284546 | ||||
| Total liabilities | 1654526 | 1767844 | 1696952 | ||||
| Common stock | 1040000 | 1020000 | 1000000 | ||||
| Additional paid-in capital | 2759211 | 2742795 | 2697558 | ||||
| Retained earnings (accumulated deficit) | 2463279 | 2790110 | 2279689 | ||||
| Foreign currency translation adjustments | -77178 | -69769 | -53337 | ||||
| Unrealized gain on marketable securities, net | 65171 | 86884 | 102299 | ||||
| Unrealized gain (loss) on derivative instruments, net | 2100 | -1635 | 1178 | ||||
| Accumulated other comprehensive income (loss) | -9907 | 15480 | 50140 | ||||
| Total stockholders' equity | 5212687 | 5548487 | 5027487 | ||||
| total shares outstanding | 5222490 | 5532905 | 4977247 | ||||
| References: | |||||||
| AAPL Balance Sheet. (2017, December 31). Retrieved September 15, 2018, from | |||||||
| https://finance.yahoo.com/quote/AAPL/balance-sheet?p=AAPL | industrial average | ||||||
| net income | -357964 | 546421 | 396918 | ||||
| debt to equity ratio | 1.5908903846 | 1.7331803922 | 1.696952 | 0.53 | |||
| return on equity= net income/shareholders equity | -0.0686716851 | 0.0984810814 | 0.0789495826 | 0.31 | https://www.investing.com/equities/apple-computer-inc-ratios | ||
| earnings per share= net income/average shares outstanding | -0.0685427832 | 0.098758428 | 0.0797464944 | 0.25 |
2017 Income Statement
| APPLE Inc. (AAPL) | |||||
| Exchange rate used is that of the Year End reported date | |||||
| As Reported Annual Income Statement | |||||
| Report Date | 12/31/2017 | 12/31/2016 | 12/31/20145 | ||
| Currency | USD | USD | USD | ||
| Audit Status | Not Qualified | Not Qualified | Not Qualified | ||
| Consolidated | Yes | Yes | Yes | ||
| Scale | Thousands | Thousands | Thousands | ||
| Net sales | 2951328 | 3578995 | 3391814 | ||
| Cost of sales | 2247349 | 2659728 | 2564709 | ||
| Gross profit (loss) | 703979 | 919267 | 827105 | ||
| Research & development expenses | 124762 | 130593 | 143969 | ||
| Selling, general & administrative expenses | 261994 | 255192 | 253827 | ||
| Production start-up | 1021 | 16818 | 5146 | ||
| Restructuring & asset impairments | 818792 | - | - | ||
| Total operating expenses | 1206569 | 402603 | 402942 | ||
| Operating income (loss) | -502590 | 516664 | 424163 | ||
| Foreign currency gain (loss) | -14007 | -6868 | -3017 | ||
| Interest income | 25193 | 22516 | 18030 | ||
| Interest cost incurred | 26157 | 19367 | 9997 | ||
| Interest cost capitalized - property, plant & equipment | 1878 | 1335 | 2324 | ||
| Interest cost capitalized - project assets | 3741 | 11057 | - | ||
| Interest cost capitalized - project assets & deferred project costs | - | - | 5691 | ||
| Interest expense, net | 20538 | 6975 | 1982 | ||
| Other income (expenses), net | 40252 | -5502 | -5203 | ||
| Income (loss) before income taxes - U.S. | -361231 | 126958 | 139026 | ||
| Income (loss) before income taxes - non-U.S. | -110459 | 392877 | 292965 | ||
| Income (loss) before income taxes | -471690 | 519835 | 431991 | ||
| Current federal income tax expense | -7689 | 20208 | 15616 | ||
| Current state income tax expense | 1877 | 4172 | 1717 | ||
| Current foreign income tax expense | -29009 | 23215 | 6917 | ||
| Total current income tax expense | -34821 | 47595 | 24250 | ||
| Deferred federal income tax expense (benefit) | 115905 | -716 | 2926 | ||
| Deferred state income tax expense (benefit) | -7343 | 3118 | 5133 | ||
| Deferred foreign income tax expense (benefit) | -15522 | -56153 | -2185 | ||
| Total deferred income tax expense (benefit) | 93040 | -53751 | 5874 | ||
| Income tax expense (benefit) | 58219 | -6156 | 30124 | ||
| Equity in earnings of unconsolidated affiliates, net of tax | 171945 | 20430 | -4949 | ||
| Net income (loss) | -357964 | 546421 | 396918 | ||
| Weighted average shares outstanding - basic | 102866 | 100886 | 100048 | ||
| Weighted average shares outstanding - diluted | 102866 | 101815 | 101643 | ||
| Year end shares outstanding | 104034.731 | 101766.797 | 100288.942 | ||
| Net income (loss) per share - basic | -3.48 | 5.42 | 3.97 | ||
| Net income (loss) per share - diluted | -3.48 | 5.37 | 3.91 | ||
| Total number of employees | 5400 | 6350 | 6060 | ||
| Number of common stockholders | 49 | 51 | 20 | ||
| Investment tax credit | 57400 | - | - | ||
| Foreign currency translation adjustments | -7409 | -16432 | - | ||
| References: | |||||
| AAPL Income Sheet. (2017, December 31). Retrieved September 15, 2018, from: | |||||
| https://finance.yahoo.com/quote/AAPL/financials?p=AAPL | |||||
| profit margin | -0.1212891281 | 0.152674424 | 0.1170223367 | ||
2017 Cash Flows
| APPLE Inc (AAPL) | |||||
| Exchange rate used is that of the Year End reported date | |||||
| As Reported Annual Cash Flow | |||||
| Report Date | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
| Currency | USD | USD | USD | ||
| Audit Status | Not Qualified | Not Qualified | Not Qualified | ||
| Consolidated | Yes | Yes | Yes | ||
| Scale | Thousands | Thousands | Thousands | ||
| Cash received from customers | - | - | 3366839 | ||
| Cash paid to suppliers & employees | - | - | -2642306 | ||
| Interest received | - | - | 12966 | ||
| Interest paid | - | - | -7601 | ||
| Income tax refunds (payments), net | - | - | -17045 | ||
| Excess tax benefit from share-based compensation arrangements | - | - | -31166 | ||
| Other cash flows from operating activities | - | - | -698 | ||
| Net cash flows from operating activities | - | - | 680989 | ||
| Net income (loss) | -357964 | 546421 | 396918 | ||
| Depreciation, amortization & accretion | 230940 | 257825 | 245798 | ||
| Impairment of assets & liabilities | - | - | 5228 | ||
| Impairment & net loss on disposal of long-lived assets | 838467 | 14593 | - | ||
| Impairment of project assets | - | - | 433 | ||
| Share-based compensation | 28712 | 44899 | 43810 | ||
| Equity in earnings of unconsolidated affiliates, net of tax | -171945 | -20430 | - | ||
| Distributions received from equity method investments | 18562 | - | - | ||
| Remeasurement of monetary assets & liabilities | 5442 | -4043 | 8772 | ||
| Deferred income taxes | 123864 | -17534 | 14068 | ||
| Gain on sales of marketable securities & restricted investments | -41632 | - | - | ||
| Excess tax benefits from share-based compensation arrangements | - | -17707 | -31166 | ||
| Other operating activities | 13863 | 520 | 6296 | ||
| Accounts receivable, trade, unbilled & retainage | 92747 | -340292 | 453826 | ||
| Prepaid expenses & other current assets | 9574 | -38635 | -19947 | ||
| Inventories & balance of systems parts | 95785 | 113537 | -99870 | ||
| Project assets & deferred project costs | -592204 | -857529 | 141908 | ||
| Other assets | -19423 | -8484 | -5371 | ||
| Income taxes receivable & payable | -59640 | -13281 | -989 | ||
| Accounts payable | -191642 | 143872 | -52339 | ||
| Accrued expenses & other liabilities | 179610 | -85425 | -452438 | ||
| Accrued solar module collection & recycling liability | 3637 | -79226 | 26052 | ||
| Total adjustments | - | - | 284071 | ||
| Net cash flows from operating activities | 206753 | -360919 | 680989 | ||
| Purchases of property, plant & equipment | -229452 | -166438 | -257549 | ||
| Proceeds from sale of property, plant & equipment | - | 77 | 1532 | ||
| Purchase of marketable securities | -422609 | -556479 | -305396 | ||
| Proceeds from sales & maturities of marketable securities | 525515 | 353359 | 227900 | ||
| Proceeds from sales of equity & cost method investments | 291502 | - | - | ||
| Purchase of equity & cost method investments | - | -27475 | -24967 | ||
| Distributions received from equity method investments | 1502 | 238980 | - | ||
| Investment in notes receivable, affiliate | -4760 | -55163 | -72692 | ||
| Payments received on notes receivable, affiliate | 3053 | 57866 | 49517 | ||
| Change in restricted cash | - | 44037 | -124061 | ||
| Acquisitions, net of cash acquired | -10272 | - | -4306 | ||
| Other investing activities | -9959 | -904 | -1857 | ||
| Net cash flows from investing activities | 144520 | -112140 | -511879 | ||
| Repayment of borrowings under revolving credit facility | -550000 | - | - | ||
| Proceeds from borrowings under revolving credit facility | 550000 | - | - | ||
| Repayment of long-term debt | -137367 | -47078 | -60063 | ||
| Proceeds from borrowings under long-term debt, net of discount & issuance costs | 26816 | 146027 | 65563 | ||
| Repayment of sale-leaseback financing | -5276 | -3702 | - | ||
| Proceeds from sale-leaseback financing | - | 44718 | - | ||
| Excess tax benefit from share-based compensation arrangements | - | 17707 | 31166 | ||
| Payments of tax withholdings for restricted shares | -20407 | - | - | ||
| Contingent consideration payments & other financing activities | -159 | -20569 | - | ||
| Other financing activities | - | - | -29307 | ||
| Net cash flows from financing activities | -136393 | 137103 | 7359 | ||
| Effect of exchange rate changes on cash & cash equivalents | -6306 | -19272 | -19487 | ||
| Net increase (decrease) in cash & cash equivalents | 208574 | -355228 | 156982 | ||
| Cash & cash equivalents, beginning of year | 1207116 | 1482054 | 1325072 | ||
| Cash & cash equivalents, end of year | 1415690 | 1126826 | 1482054 | ||
| References: | |||||
| AAPL Cash Flows. (2017, December 31). Retrieved September 15, 2018, from https://finance.yahoo.com/quote/AAPL/cash-flow?p=AAPL | |||||
| free cash flow (operating cash flow-capital expenditure) | (22,699.00) | (527,357.00) | 423,440.00 |
Stock Prices
| APPLE Inc (AAPL) | ||||||||
| three year period: 1/1/2015 to 31/12/2017 | ||||||||
| Date | Open | High | Low | Close | Adj Close | Volume | stock return | average |
| 1/1/15 | 111.389999 | 120 | 104.629997 | 117.160004 | 109.647324 | 1304643800 | -0.0879651355 | -1% |
| 2/1/15 | 118.050003 | 133.600006 | 116.080002 | 128.460007 | 120.222733 | 1136535200 | 0.0283295441 | 0.0042305407 |
| 3/1/15 | 129.25 | 130.279999 | 121.629997 | 124.43 | 116.910706 | 1138642100 | -0.0057532277 | |
| 4/1/15 | 124.82 | 134.539993 | 123.099998 | 125.150002 | 117.587212 | 996135500 | -0.039376702 | |
| 5/1/15 | 126.099998 | 132.970001 | 123.360001 | 130.279999 | 122.407204 | 954152100 | 0.0343464262 | |
| 6/1/15 | 130.279999 | 131.389999 | 124.480003 | 125.43 | 118.34256 | 878512600 | 0.0340478446 | |
| 7/1/15 | 126.900002 | 132.970001 | 119.220001 | 121.300003 | 114.445923 | 1057507200 | 0.0742117539 | |
| 8/1/15 | 121.5 | 122.57 | 92 | 112.919998 | 106.539444 | 1786018000 | 0.0191402404 | |
| 9/1/15 | 110.150002 | 116.889999 | 107.360001 | 110.300003 | 104.538551 | 1206547300 | -0.0769873257 | |
| 10/1/15 | 109.07 | 121.220001 | 107.309998 | 119.5 | 113.25798 | 1112323100 | 0.0101437238 | |
| 11/1/15 | 120.800003 | 123.82 | 111 | 118.300003 | 112.120659 | 750640600 | 0.1190933501 | |
| 12/1/15 | 118.75 | 119.860001 | 104.82 | 105.260002 | 100.188835 | 921529700 | 0.0813644057 | |
| 1/1/16 | 102.610001 | 105.849998 | 92.389999 | 97.339996 | 92.650391 | 1271024100 | 0.0067223342 | |
| 2/1/16 | 96.470001 | 98.889999 | 92.589996 | 96.690002 | 92.031723 | 810862600 | -0.1176420897 | |
| 3/1/16 | 97.650002 | 110.419998 | 97.419998 | 108.989998 | 104.302032 | 746049600 | 0.1626839238 | |
| 4/1/16 | 108.779999 | 112.389999 | 92.510002 | 93.739998 | 89.707985 | 872396200 | -0.0612858396 | |
| 5/1/16 | 93.970001 | 100.730003 | 89.470001 | 99.860001 | 95.564751 | 900318100 | 0.0382393913 | |
| 6/1/16 | 99.019997 | 101.889999 | 91.5 | 95.599998 | 92.045006 | 779055700 | -0.0826215432 | |
| 7/1/16 | 95.489998 | 104.550003 | 94.370003 | 104.209999 | 100.334824 | 685779600 | -0.0178135178 | |
| 8/1/16 | 104.410004 | 110.230003 | 104 | 106.099998 | 102.154556 | 630128500 | -0.0665339873 | |
| 9/1/16 | 106.139999 | 116.18 | 102.529999 | 113.050003 | 109.435753 | 968015600 | -0.0043155914 | |
| 10/1/16 | 112.709999 | 118.690002 | 112.279999 | 113.540001 | 109.91008 | 686914300 | 0.0273252714 | |
| 11/1/16 | 113.459999 | 113.769997 | 104.080002 | 110.519997 | 106.986641 | 721305500 | -0.0506348474 | |
| 12/1/16 | 110.370003 | 118.019997 | 108.25 | 115.82 | 112.692825 | 608771700 | -0.045570693 | |
| 1/1/17 | 115.800003 | 122.440002 | 114.760002 | 121.349998 | 118.073517 | 563122000 | -0.1141689989 | |
| 2/1/17 | 127.029999 | 137.479996 | 127.010002 | 136.990005 | 133.291245 | 574968600 | -0.0505454426 | |
| 3/1/17 | 137.889999 | 144.5 | 137.050003 | 143.660004 | 140.387177 | 561628400 | 0.0000697904 | |
| 4/1/17 | 143.710007 | 145.460007 | 140.059998 | 143.649994 | 140.37738 | 373304100 | -0.0596361823 | |
| 5/1/17 | 145.100006 | 156.649994 | 144.270004 | 152.759995 | 149.279861 | 653981800 | 0.0563258249 | |
| 6/1/17 | 153.169998 | 155.979996 | 142.199997 | 144.020004 | 141.319901 | 684178100 | -0.0316679673 | |
| 7/1/17 | 144.880005 | 153.990005 | 142.410004 | 148.729996 | 145.941574 | 422011900 | -0.0931097823 | |
| 8/1/17 | 149.100006 | 164.520004 | 148.410004 | 164 | 160.925293 | 661069000 | 0.0599436374 | |
| 9/1/17 | 164.800003 | 164.940002 | 149.160004 | 154.119995 | 151.824387 | 680374100 | -0.0882632259 | |
| 10/1/17 | 154.259995 | 169.649994 | 152.460007 | 169.039993 | 166.522171 | 504291300 | -0.0163515424 | |
| 11/1/17 | 169.869995 | 176.240005 | 165.279999 | 171.850006 | 169.290329 | 600663400 | 0.0118445108 | |
| 12/1/17 | 169.949997 | 177.199997 | 166.460007 | 169.229996 | 167.30864 | 530833500 | ERROR:#DIV/0! | |
Microsoft income statement
| Microsoft Corporation | |||||
| income statement | |||||
| Revenue | 6/30/17 | 6/30/16 | 6/30/15 | ||
| Total Revenue | 96,571,000 | 91,154,000 | 93,580,000 | ||
| Cost of Revenue | 33,850,000 | 32,780,000 | 33,038,000 | ||
| Gross Profit | 62,721,000 | 58,374,000 | 60,542,000 | ||
| Operating Expenses | |||||
| Research Development | 12,292,000 | 11,988,000 | 12,046,000 | ||
| Selling General and Administrative | 18,807,000 | 19,198,000 | 20,324,000 | ||
| Non Recurring | - | - | - | ||
| Others | - | - | - | ||
| Total Operating Expenses | 64,949,000 | 63,966,000 | 65,408,000 | ||
| Operating Income or Loss | 31,622,000 | 27,188,000 | 28,172,000 | ||
| Income from Continuing Operations | |||||
| Total Other Income/Expenses Net | -1,721,000 | -1,549,000 | -9,665,000 | ||
| Earnings Before Interest and Taxes | 31,622,000 | 27,188,000 | 28,172,000 | ||
| Interest Expense | -2,222,000 | -1,243,000 | -781,000 | ||
| Income Before Tax | 29,901,000 | 25,639,000 | 18,507,000 | ||
| Income Tax Expense | 4,412,000 | 5,100,000 | 6,314,000 | ||
| Minority Interest | - | - | - | ||
| Net Income From Continuing Ops | 25,489,000 | 20,539,000 | 12,193,000 | ||
| Non-recurring Events | |||||
| Discontinued Operations | - | - | - | ||
| Extraordinary Items | - | - | - | ||
| Effect Of Accounting Changes | - | - | - | ||
| Other Items | - | - | - | ||
| Net Income | |||||
| Net Income | 25,489,000 | 20,539,000 | 12,193,000 | ||
| Preferred Stock And Other Adjustments | - | - | - | ||
| Net Income Applicable To Common Shares | 25,489,000 | 20,539,000 | 12,193,000 | 19407000 | |
| https://finance.yahoo.com/quote/MSFT/financials?p=MSFT | |||||
| profit margin | 0.2639405204 | 0.2253219826 | 0.1302949348 |
balance sheet
| Period Ending | 6/30/17 | 6/30/16 | 6/30/15 | |||||
| Current Assets | price to earnings ratio= share price/earnings per share | |||||||
| Cash And Cash Equivalents | 7,663,000 | 6,510,000 | 5,595,000 | 85.54/0.10 | 855.4 | |||
| Short Term Investments | 125,238,000 | 106,531,000 | 90,796,000 | average stock outstanding | ||||
| Net Receivables | 22,431,000 | 18,277,000 | 17,908,000 | 186,402,333.33 | ||||
| Inventory | 2,181,000 | 2,251,000 | 2,902,000 | |||||
| Other Current Assets | 5,183,000 | 6,091,000 | 5,596,000 | earnings per share=net income/average share outstanding | ||||
| Total Current Assets | 162,696,000 | 139,660,000 | 122,797,000 | |||||
| Long Term Investments | 6,023,000 | 10,438,000 | 12,053,000 | 0.10 | ||||
| Property Plant and Equipment | 30,289,000 | 18,356,000 | 14,731,000 | |||||
| Goodwill | 35,122,000 | 17,872,000 | 16,939,000 | |||||
| Intangible Assets | 10,106,000 | 3,733,000 | 4,835,000 | |||||
| Accumulated Amortization | - | - | - | |||||
| Other Assets | 6,076,000 | 3,409,000 | 3,117,000 | |||||
| Deferred Long Term Asset Charges | 248,000 | 219,000 | 228,000 | |||||
| Total Assets | 250,312,000 | 193,468,000 | 174,472,000 | |||||
| Current Liabilities | ||||||||
| Accounts Payable | 7,390,000 | 6,898,000 | 6,591,000 | |||||
| Short/Current Long Term Debt | 95,527,000 | 54,541,000 | 35,384,000 | |||||
| Other Current Liabilities | 30,879,000 | 33,972,000 | 30,384,000 | |||||
| Total Current Liabilities | 55,745,000 | 59,357,000 | 49,647,000 | |||||
| Long Term Debt | 81,445,000 | 40,557,000 | 27,808,000 | |||||
| Other Liabilities | 22,986,000 | 20,796,000 | 16,934,000 | |||||
| total debt | 160,176,000 | 120,710,000 | 94,389,000 | |||||
| Minority Interest | - | - | - | |||||
| Negative Goodwill | - | - | - | |||||
| Total Liabilities | 162,601,000 | 121,471,000 | 94,389,000 | |||||
| Stockholders' Equity | ||||||||
| Misc. Stocks Options Warrants | - | - | - | |||||
| Redeemable Preferred Stock | - | - | - | |||||
| Preferred Stock | - | - | - | |||||
| Common Stock | 69,315,000 | 68,178,000 | 68,465,000 | |||||
| Retained Earnings | 17,769,000 | 2,282,000 | 9,096,000 | |||||
| Treasury Stock | 627,000 | 1,537,000 | 2,522,000 | |||||
| Capital Surplus | - | - | - | |||||
| Other Stockholder Equity | 627,000 | 1,537,000 | 2,522,000 | |||||
| Total Stockholder Equity | 87,711,000 | 71,997,000 | 80,083,000 | |||||
| Net Tangible Assets | 42,483,000 | 50,392,000 | 58,309,000 | |||||
| https://finance.yahoo.com/quote/MSFT/balance-sheet/ | ||||||||
| industrial average | ||||||||
| net profit | 25,489,000 | 20,539,000 | 12,193,000 | https://www.investing.com/equities/microsoft-corp-ratios | ||||
| debt to equity ratio | 1.8261791565 | 1.676597636 | 1.1786396614 | 0.67 | ||||
| return on equity | 0.290602091 | 0.2852757754 | 0.1522545359 | 0.208 | ||||
| earnings per share | 0.3677270432 | 0.301255537 | 0.1780909954 | 1.49 | ||||
cash flow
| Microsoft cash flow statement | |||
| Period Ending | 6/30/17 | 6/30/16 | 6/30/15 |
| Net Income | 25,489,000 | 20,539,000 | 12,193,000 |
| Operating Activities, Cash Flows Provided By or Used In | |||
| Depreciation | 7,800,000 | 5,878,000 | 5,400,000 |
| Adjustments To Net Income | 1,287,000 | 6,229,000 | 10,483,000 |
| Changes In Accounts Receivables | -1,216,000 | 562,000 | 1,456,000 |
| Changes In Liabilities | 3,901,000 | 2,653,000 | -1,054,000 |
| Changes In Inventories | 50,000 | 600,000 | -272,000 |
| Changes In Other Operating Activities | 349,000 | -2,907,000 | 1,383,000 |
| Total Cash Flow From Operating Activities | 39,507,000 | 33,325,000 | 29,668,000 |
| Investing Activities, Cash Flows Provided By or Used In | |||
| Capital Expenditures | -8,129,000 | -8,343,000 | -5,944,000 |
| Investments | -12,511,000 | -14,417,000 | -12,868,000 |
| Other Cash flows from Investing Activities | -197,000 | 203,000 | -466,000 |
| Total Cash Flows From Investing Activities | -46,781,000 | -23,950,000 | -23,001,000 |
| Financing Activities, Cash Flows Provided By or Used In | |||
| Dividends Paid | -11,845,000 | -11,006,000 | -9,882,000 |
| Sale Purchase of Stock | - | - | - |
| Net Borrowings | 31,459,000 | 18,283,000 | 13,661,000 |
| Other Cash Flows from Financing Activities | -190,000 | -369,000 | 362,000 |
| Total Cash Flows From Financing Activities | 8,408,000 | -8,393,000 | -9,668,000 |
| Effect Of Exchange Rate Changes | 19,000 | -67,000 | -73,000 |
| Change In Cash and Cash Equivalents | 1,153,000 | 915,000 | -3,074,000 |
| https://finance.yahoo.com/quote/MSFT/cash-flow?p=MSFT | |||
| free cash flow | 31,378,000 | 24,982,000 | 23,724,000 |
share price
| Microsoft historic share prices | ||||||||
| three year period: 1/1/2015 to 31/12/2017 | ||||||||
| Date | Open | High | Low | Close | Adj Close | Volume | return | average |
| 1/1/15 | 46.66 | 47.91 | 40.349998 | 40.400002 | 36.964733 | 918681100 | -0.0786770839 | |
| 2/1/15 | 40.59 | 44.299999 | 40.23 | 43.849998 | 40.121365 | 655957100 | 0.0708345214 | -2% |
| 3/1/15 | 43.669998 | 44.189999 | 40.540001 | 40.66 | 37.467381 | 822551400 | -0.1640623839 | 0.0035588103 |
| 4/1/15 | 40.599998 | 49.540001 | 40.119999 | 48.639999 | 44.820786 | 873936700 | 0.0379854561 | |
| 5/1/15 | 48.580002 | 48.91 | 46.02 | 46.860001 | 43.180553 | 631475800 | 0.0545284861 | |
| 6/1/15 | 47.060001 | 47.77 | 43.939999 | 44.150002 | 40.947735 | 664339200 | -0.0546040788 | |
| 7/1/15 | 44.459999 | 47.400002 | 43.32 | 46.700001 | 43.31279 | 725458100 | 0.073069997 | |
| 8/1/15 | 46.98 | 48.41 | 39.720001 | 43.52 | 40.363434 | 775228000 | -0.0231609265 | |
| 9/1/15 | 42.169998 | 45 | 41.66 | 44.259998 | 41.320454 | 671417600 | -0.1591946166 | |
| 10/1/15 | 44.75 | 54.369999 | 43.75 | 52.639999 | 49.143898 | 856322800 | -0.0314627832 | |
| 11/1/15 | 52.849998 | 54.98 | 52.529999 | 54.349998 | 50.74033 | 662559200 | -0.0269266105 | |
| 12/1/15 | 54.41 | 56.849998 | 53.68 | 55.48 | 52.144402 | 791895100 | 0.0070793789 | |
| 1/1/16 | 54.32 | 55.389999 | 49.099998 | 55.09 | 51.777847 | 927433200 | 0.0827437575 | |
| 2/1/16 | 54.880001 | 55.09 | 48.189999 | 50.880001 | 47.820961 | 813425300 | -0.0853288413 | |
| 3/1/16 | 50.970001 | 55.639999 | 50.580002 | 55.23 | 52.282135 | 640548300 | 0.1074794579 | |
| 4/1/16 | 55.049999 | 56.77 | 49.349998 | 49.869999 | 47.208221 | 697861300 | -0.0590565049 | |
| 5/1/16 | 50 | 53 | 49.459999 | 53 | 50.171154 | 530284000 | 0.0285689157 | |
| 6/1/16 | 52.439999 | 52.950001 | 48.040001 | 51.169998 | 48.77763 | 823351500 | -0.0972124051 | |
| 7/1/16 | 51.130001 | 57.290001 | 50.389999 | 56.68 | 54.030018 | 647351200 | -0.0135746902 | |
| 8/1/16 | 56.599998 | 58.700001 | 56.139999 | 57.459999 | 54.773552 | 466729800 | -0.0086096048 | |
| 9/1/16 | 57.009998 | 58.189999 | 55.610001 | 57.599998 | 55.249226 | 526196300 | -0.0387182735 | |
| 10/1/16 | 57.41 | 61.369999 | 56.32 | 59.919998 | 57.474541 | 614211700 | -0.0056421844 | |
| 11/1/16 | 59.970001 | 61.41 | 57.279999 | 60.259998 | 57.800663 | 612034100 | -0.0367613803 | |
| 12/1/16 | 60.110001 | 64.099998 | 58.799999 | 62.139999 | 60.006588 | 513256500 | -0.0388245962 | |
| 1/1/17 | 62.790001 | 65.910004 | 61.950001 | 64.650002 | 62.430424 | 493283800 | 0.0104720645 | |
| 2/1/17 | 64.360001 | 65.239998 | 62.75 | 63.98 | 61.783424 | 440701500 | -0.0343992383 | |
| 3/1/17 | 64.129997 | 66.190002 | 63.619999 | 65.860001 | 63.98444 | 489169700 | -0.037978407 | |
| 4/1/17 | 65.809998 | 69.139999 | 64.849998 | 68.459999 | 66.510399 | 433065900 | -0.0197594152 | |
| 5/1/17 | 68.68 | 70.739998 | 67.139999 | 69.839996 | 67.851097 | 517218500 | 0.0074272094 | |
| 6/1/17 | 70.239998 | 72.889999 | 68.089996 | 68.93 | 67.350868 | 629584800 | -0.0518569428 | |
| 7/1/17 | 69.330002 | 74.419998 | 68.019997 | 72.699997 | 71.0345 | 469851200 | -0.0276848748 | |
| 8/1/17 | 73.099998 | 74.959999 | 71.279999 | 74.769997 | 73.057076 | 444041200 | -0.0015606671 | |
| 9/1/17 | 74.709999 | 75.970001 | 72.919998 | 74.489998 | 73.171272 | 375983900 | -0.1044723029 | |
| 10/1/17 | 74.709999 | 86.199997 | 73.709999 | 83.18 | 81.707436 | 449950000 | -0.0117619022 | |
| 11/1/17 | 83.68 | 85.059998 | 82.239998 | 84.169998 | 82.679909 | 421926000 | -0.0209328528 | |
| 12/1/17 | 83.599998 | 87.5 | 80.699997 | 85.540001 | 84.447639 | 466203300 | ERROR:#DIV/0! |