Earnings Release FY21 Q1

Balance Sheets
(In millions) (Unaudited)
(In millions) (Unaudited)		September 30, 2020	June 30, 2020
	Assets
	Current assets:
	Cash and cash equivalents	$ 17,205	$ 13,576
	Short-term investments	120,772	122,951
	Total cash, cash equivalents, and short-term investments	137,977	136,527
	Accounts receivable, net of allowance for doubtful accounts of $610 and $788	22,851	32,011
	Inventories	2,705	1,895
	Other current assets	13,544	11,482
	Total current assets	177,077	181,915
	Property and equipment, net of accumulated depreciation of $45,417 and $43,197	47,927	44,151
	Operating lease right-of-use assets	9,047	8,753
	Equity investments	3,103	2,965
	Goodwill	43,890	43,351
	Intangible assets, net	6,923	7,038
	Other long-term assets	13,034	13,138
	Total assets	$ 301,001	$ 301,311
	Liabilities and stockholders' equity
	Current liabilities:
	Accounts payable	$ 12,509	$ 12,530
	Current portion of long-term debt	6,497	3,749
	Accrued compensation	5,714	7,874
	Short-term income taxes	2,384	2,130
	Short-term unearned revenue	33,476	36,000
	Other current liabilities	9,476	10,027
	Total current liabilities	70,056	72,310
	Long-term debt	57,055	59,578
	Long-term income taxes	28,204	29,432
	Long-term unearned revenue	2,829	3,180
	Deferred income taxes	187	204
	Operating lease liabilities	7,753	7,671
	Other long-term liabilities	11,525	10,632
	Total liabilities	177,609	183,007
	Commitments and contingencies
	Stockholders' equity:
	Common stock and paid-in capital - shares authorized 24,000; outstanding 7,564 and 7,571	81,089	80,552
	Retained earnings	39,193	34,566
	Accumulated other comprehensive income	3,110	3,186
	Total stockholders' equity	123,392	118,304
	Total liabilities and stockholders' equity	$ 301,001	$ 301,311

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