Microsoft Corporation 2012 Annual Report

Income Statements

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

INCOME STATEMENTS

(In millions, except per share amounts)          
Year Ended June 30, 2012   2011   2010
Revenue $ 73,723   $ 69,943   $ 62,484
Operating expenses:          
Cost of revenue 17,530   15,577   12,395
Research and development 9,811   9,043   8,714
Sales and marketing 13,857   13,940   13,214
General and administrative 4,569   4,222   4,063
Goodwill impairment 6,193   0   0
Total operating expenses 51,960   42,782   38,386
Operating income 21,763   27,161   24,098
Other income 504   910   915
Income before income taxes 22,267   28,071   25,013
Provision for income taxes 5,289   4,921   6,253
Net income $ 16,978   $ 23,150   $ 18,760
Earnings per share:          
Basic $    2.02   $    2.73   $    2.13
Diluted $    2.00   $    2.69   $    2.10
Weighted average shares outstanding:          
Basic 8,396   8,490   8,813
Diluted 8,506   8,593   8,927
Cash dividends declared per common share $    0.80   $    0.64   $    0.52

See accompanying notes.