Earnings Release FY20 Q4

Balance Sheets
(In millions)		June 30,
(In millions)		2020	2019
	Assets
	Current assets:
	Cash and cash equivalents	$ 13,576	$ 11,356
	Short-term investments	122,951	122,463
	Total cash, cash equivalents, and short-term investments	136,527	133,819
	Accounts receivable, net of allowance for doubtful accounts of $788 and $411	32,011	29,524
	Inventories	1,895	2,063
	Other current assets	11,482	10,146
	Total current assets	181,915	175,552
	Property and equipment, net of accumulated depreciation of $43,197 and $35,330	44,151	36,477
	Operating lease right-of-use assets	8,753	7,379
	Equity investments	2,965	2,649
	Goodwill	43,351	42,026
	Intangible assets, net	7,038	7,750
	Other long-term assets	13,138	14,723
	Total assets	$ 301,311	$ 286,556
	Liabilities and stockholders' equity
	Current liabilities:
	Accounts payable	$ 12,530	$ 9,382
	Current portion of long-term debt	3,749	5,516
	Accrued compensation	7,874	6,830
	Short-term income taxes	2,130	5,665
	Short-term unearned revenue	36,000	32,676
	Other current liabilities	10,027	9,351
	Total current liabilities	72,310	69,420
	Long-term debt	59,578	66,662
	Long-term income taxes	29,432	29,612
	Long-term unearned revenue	3,180	4,530
	Deferred income taxes	204	233
	Operating lease liabilities	7,671	6,188
	Other long-term liabilities	10,632	7,581
	Total liabilities	183,007	184,226
	Commitments and contingencies
	Stockholders' equity:
	Common stock and paid-in capital - shares authorized 24,000; outstanding 7,571 and 7,643	80,552	78,520
	Retained earnings	34,566	24,150
	Accumulated other comprehensive income (loss)	3,186	(340)
	Total stockholders' equity	118,304	102,330
	Total liabilities and stockholders' equity	$ 301,311	$ 286,556

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