Microsoft Files 2024 10-K, Details Debt and Buybacks

TL;DR

MSFT 2024 10-K out. Debt up, buybacks continue. All good.

AI Summary

Microsoft Corporation filed its 10-K for the fiscal year ending June 30, 2024, reporting on its financial performance and business operations. The filing details its significant assets, liabilities, and equity, including long-term debt issuances in fiscal years 2023 and 2024. The company also highlighted its share repurchase programs, including those initiated in 2019, 2021, and 2024.

Why It Matters

This filing provides investors with a comprehensive overview of Microsoft's financial health and strategic capital allocation, including its debt management and commitment to returning value to shareholders through share repurchases.

Risk Assessment

Risk Level: low — The filing is a standard annual report and does not indicate any immediate or unusual risks.

Key Numbers

• 06-30 FY — Fiscal Year End (Reporting period for the 10-K)

Key Players & Entities

• MICROSOFT CORP (company) — Filer
• 0000789019 (company) — Central Index Key
• 20240630 (date) — Fiscal Year End
• 2023-06-30 (date) — Long-term debt issuance
• 2024-06-30 (date) — Long-term debt issuance
• 2021-07-01 (date) — Share repurchase program start

FAQ

Key Financial Figures

• $150 million — r African American. We have committed $150 million in Minority Depository Institutions and
• $500 million — r pipeline, achieving our goal to spend $500 million with double the number of Black- and Af

Filing Documents

• msft-20240630.htm (10-K) — 6700KB
• msft-ex4_26.htm (EX-4.26) — 95KB
• msft-ex10_5.htm (EX-10.5) — 262KB
• msft-ex19_1.htm (EX-19.1) — 35KB
• msft-ex19_2.htm (EX-19.2) — 43KB
• msft-ex19_3.htm (EX-19.3) — 54KB
• msft-ex21.htm (EX-21) — 13KB
• msft-ex23_1.htm (EX-23.1) — 5KB
• msft-ex31_1.htm (EX-31.1) — 11KB
• msft-ex31_2.htm (EX-31.2) — 11KB
• msft-ex32_1.htm (EX-32.1) — 8KB
• msft-ex32_2.htm (EX-32.2) — 7KB
• msft-ex97_1.htm (EX-97.1) — 45KB
• 0000950170-24-087843.txt ( ) — 29664KB
• msft-20240630.xsd (EX-101.SCH) — 2050KB
• msft-20240630_htm.xml (XML) — 8646KB

Business

Business 3 Information about our Executive Officers 18 Item 1A.

Risk Factors

Risk Factors 20 Item 1B. Unresolved Staff Comments 34 Item 1C. Cybersecurity 34 Item 2.

Properties

Properties 36 Item 3.

Legal Proceedings

Legal Proceedings 36 Item 4. Mine Safety Disclosures 36 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 37 Item 6. [Reserved] 38 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 39 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 55 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 56 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 98 Item 9A.

Controls and Procedures

Controls and Procedures 98 Report of Management on Internal Control over Financial Reporting 98 Report of Independent Registered Public Accounting Firm 99 Item 9B. Other Information 101 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 101 PART III Item 10. Directors, Executive Officers, and Corporate Governance 101 Item 11.

Executive Compensation

Executive Compensation 102 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 102 Item 13. Certain Relationships and Related Transactions, and Director Independence 102 Item 14. Principal Accountant Fees and Services 102 PART IV Item 15. Exhibit and Financial Statement Schedules 103 Item 16. Form 10-K Summary 110

Signatures

Signatures 111 2 PART I Item 1 Note About Forward-Looking Statements This report includes estimates, projections, statements relating to our business plans, objectives, and expected operating results that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may appear throughout this report, including the following sections: "Business" (Part I, Item 1 of this Form 10-K), "Risk Factors" (Part I, Item 1A of this Form 10-K), and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (Part II, Item 7 of this Form 10-K). These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially. We describe risks and uncertainties that could cause actual results and events to differ materially in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," and "Quantitative and Qualitative Disclosures About Market Risk" (Part II, Item 7A of this Form 10-K). Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise. PART I

B USINESS

ITEM 1. B USINESS GENERAL Embracing Our Future Microsoft is a technology company committed to making digital technology and artificial intelligence ("AI") available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more. We create platforms and tools, powered by AI, that deliver innovative solutions that meet the evolving needs of our customers. From infrastructure and data, to business applications and collaboration, we provide unique, differentiated value to customers. We strive to create local opportunity, growth, and impact in every country around the world. We have entered a new age of AI that will fundamentally transform productivity for every individual, organization, and industry on earth, while helping us address some of our most pressing challenges. Microsoft's AI offerings, including Copilot and our Copilot stack, are already orchestrating a new era of AI transformation, driving better business outcomes across every role and industry. As a company, we believe we can be the democratizing force for this new generation of technology and the opportunity it will help unlock for every country, community, and individual. We believe AI should be as empowering across communities as it is powerful, and we're committed to ensuring it is responsibly designed and built with safety and security from the outset. What We Offer Founded in 1975, we develop and support software, services, devices, and solutions that deliver new value for customers and help people and businesses realize their full potential. We offer an array of services, including cloud-based solutions that provide customers with software, services, platforms, and content, and we provide solution support and consulting services. We also deliver relevant online advertising to a global audience. Our products include operating systems, cross-device productivity and collaboration applications, server applications, business

View Full Filing

View this 10-K filing on SEC EDGAR