 |
 |
SELECTED FINANCIAL DATA
FINANCIAL HIGHLIGHTS
| (In millions, except per share data) |
 |
| Fiscal Year Ended June 30 |
2001(1,2) |
|
2002(1,3) |
|
2003(1,4) |
|
2004 |
|
2005 |
|
| Revenue |
$25,296 |
|
$28,365 |
|
$32,187 |
|
$36,835 |
|
$39,788 |
| Operating income |
11,720 |
|
8,272 |
|
9,545 |
|
9,034 |
|
14,561 |
| Income before accounting change |
7,721 |
|
5,355 |
|
7,531 |
|
8,168 |
|
12,254 |
| Net income |
7,346 |
|
5,355 |
|
7,531 |
|
8,168 |
|
12,254 |
| Diluted earnings per share before accounting change |
0.69 |
|
0.48 |
|
0.69 |
|
0.75 |
|
1.12 |
| Diluted earnings per share |
0.66 |
|
0.48 |
|
0.69 |
|
0.75 |
|
1.12 |
| Cash dividends declared per share |
– |
|
– |
|
0.08 |
|
0.16 |
|
3.40 |
| Cash and short-term investments |
31,600 |
|
38,652 |
|
49,048 |
|
60,592 |
|
37,751 |
| Total assets |
58,830 |
|
69,910 |
|
81,732 |
|
94,368 |
|
70,815 |
| Long-term obligations |
2,287 |
|
2,722 |
|
2,846 |
|
4,574 |
|
5,823 |
| Stockholders’ equity |
47,289 |
|
54,842 |
|
64,912 |
|
74,825 |
|
48,115 |
| (1) |
The financial data presented reflects stock-based compensation expense except fiscal year 2001, as prescribed by Statement of Financial Accounting Standards (SFAS) No. 148, Accounting for Stock-Based Compensation – Transition and Disclosure and amendment of FASB Statement No. 123, to reflect the retroactive adoption of the fair value recognition provisions of SFAS No. 123, Accounting for Stock-Based Compensation as discussed in Note 14. If fiscal year 2001 had been restated, the operating income and net income would have been $8,343 million and $5,084 million. |
| (2) |
Fiscal year 2001 includes an unfavorable cumulative effect of accounting change of $375 million or $0.03 per diluted share, reflecting the adoption of SFAS No. 133, Accounting for Derivative Instruments and Hedging Activities. Fiscal year 2001 also includes the acquisition of Great Plains Software, Inc. for approximately $1.1 billion in stock. |
| (3) |
Fiscal year 2002 includes a $1.25 billion (pre-tax) gain on the sale of Expedia, Inc. |
| (4) |
Fiscal year 2003 includes the acquisition of Navision a/s, Rare Ltd. and Placeware, Inc. for a total of $1.23 billion in cash and $788 million in stock and other consideration. |
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