Financial Highlights

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SELECTED FINANCIAL DATA

FINANCIAL HIGHLIGHTS - U.K. Pound Sterling

(In millions, except per share data)
Fiscal Year Ended June 30, 2009 2008 2007 2006 2005
Revenue £35,508 £30,124 £26,627 £24,937 £21,413
Operating income** 12,373 11,104 9,604 9,224 7,844
Net income 8,853 8,815 7,326 7,095 6,595
Diluted earnings per share 0.98 0.93 0.74 0.68 0.60
Cash dividends declared per share 0.32 0.22 0.21 0.20 1.83
Cash and cash equivalents and short-term investments 19,081 12,022 11,723 18,808 20,919
Total assets 47,259 36,985 31,634 38,318 39,241
Long-term obligations 6,854(a) 3,364 4,166 3,882 3,227
Stockholders’ equity 24,002 18,437 15,572 22,080 26,662

(a) Includes £2.27 billion of debt securities issued in May 2009. See Note 12 - Debt of the Notes to Financial Statements.

* Cash and cash equivalents and short-term investments, Total assets, Long-term obiligations and Stockholders' equity are translated using the June 30 exchange rate. All other items have been translated using the average rate for the fiscal year.

** Effective July 1, 2008, we began presenting gains and losses resulting from foreign currency remeasurements as a component of other income (expense) (i.e. outside of Operating income). Prior to July 1, 2008, we included gains and losses resulting from foreign currency remeasurements as a component of sales and marketing expense (i.e. within Operating income). Prior period amounts have been recast to conform to the current period presentation.

This Consolidated Financial Highlights table has been converted into British currency. This presentation is intended only to provide additional information.  These financial highlights are not a complete presentation of the Company's financial position and results of operations.  A complete set of the Company’s primary financial statements prepared in accordance with generally accepted accounting principles in the United States of America, and included in filings with the United States Securities and Exchange Commission, can be found in The Microsoft 2009 Annual Report to Shareholders (including Form 10-K) which is available on this Web site. Copies may also be obtained by writing to the Company.