Microsoft Corp. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Microsoft Corp. filed its Q3 2024 10-Q, detailing financial performance and instrument data.</b>

AI Summary

MICROSOFT CORP (MSFT) filed a Quarterly Report (10-Q) with the SEC on April 25, 2024. Microsoft Corp. filed a 10-Q report for the period ending March 31, 2024. The filing includes data related to various financial instruments, including derivative assets and liabilities. Specific segments mentioned include Search and News Advertising, Devices, and Office Products and Cloud Services. The report details share repurchase programs, specifically the 'Share Repurchase Program Twenty Twenty One'. Financial data points such as Retained Earnings and Common Stock are presented for different fiscal periods.

Why It Matters

For investors and stakeholders tracking MICROSOFT CORP, this filing contains several important signals. This 10-Q provides an update on Microsoft's financial health and operational segments for the third quarter of fiscal year 2024. The inclusion of detailed financial instrument data, such as derivative assets and liabilities, offers insight into risk management strategies and potential financial exposures.

Risk Assessment

Risk Level: medium — MICROSOFT CORP shows moderate risk based on this filing. The filing is a standard 10-Q, which is a routine quarterly report. While it contains detailed financial information, it does not inherently signal immediate high risk, but the complexity of financial instruments mentioned warrants a medium assessment.

Analyst Insight

Review the detailed financial instrument disclosures, particularly derivative assets and liabilities, to understand potential market risks and hedging strategies employed by Microsoft.

Revenue Breakdown

Key Numbers

• 2024-03-31 — Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-04-25 — Filing Date (FILED AS OF DATE)
• Q3 — Fiscal Quarter (Fiscal Quarter)
• 06-30 — Fiscal Year End (FISCAL YEAR END)

Key Players & Entities

• MICROSOFT CORP (company) — FILER
• 0000789019 (company) — CENTRAL INDEX KEY
• 7372 (company) — STANDARD INDUSTRIAL CLASSIFICATION
• 911144442 (company) — IRS NUMBER
• WA (company) — STATE OF INCORPORATION
• 98052-6399 (company) — ZIP
• 425-882-8080 (company) — BUSINESS PHONE
• 2024-03-31 (date) — CONFORMED PERIOD OF REPORT

FAQ

Risk Factors

• Derivative Assets and Liabilities [medium — financial]: The filing references derivative assets and liabilities, including foreign exchange contracts, indicating potential exposure to market fluctuations.
• Fair Value Inputs [medium — financial]: Information on fair value inputs (Level 1 and Level 2) for debt securities and other financial instruments is provided, suggesting reliance on market data and models.
• Intangible Assets [low — financial]: Marketing-related intangible assets are noted, which can be subject to impairment if market conditions or company strategies change.

Key Financial Figures

• $0.00000625 — nge on which registered Common stock, $0.00000625 par value per share MSFT Nasdaq 3

Filing Documents

• msft-20240331.htm (10-Q) — 5565KB
• msft-ex15_1.htm (EX-15.1) — 5KB
• msft-ex31_1.htm (EX-31.1) — 11KB
• msft-ex31_2.htm (EX-31.2) — 11KB
• msft-ex32_1.htm (EX-32.1) — 7KB
• msft-ex32_2.htm (EX-32.2) — 7KB
• 0000950170-24-048288.txt (&nbsp;) — 23723KB
• msft-20240331.xsd (EX-101.SCH) — 1551KB
• msft-20240331_htm.xml (XML) — 7167KB

Financial Statements

Financial Statements a) Income Statements for the Three and Nine Months Ended March 31, 2024 and 2023 3 b) Comprehensive Income Statements for the Three and Nine Months Ended March 31, 2024 and 2023 4 c) Balance Sheets as of March 31, 2024 and June 30, 2023 5 d) Cash Flows Statements for the Three and Nine Months Ended March 31, 2024 and 2023 6 e) Stockholders' Equity Statements for the Three and Nine Months Ended March 31, 2024 and 2023 7 f)

Notes to Financial Statements

Notes to Financial Statements 8 g) Report of Independent Registered Public Accounting Firm 31 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 49 Item 4.

Controls and Procedures

Controls and Procedures 49 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 50 Item 1A.

Risk Factors

Risk Factors 50 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 64 Item 5. Other Information 65 Item 6. Exhibits 66 SIGNATURE 67 2 PART I Item 1

FINANCI AL INFORMATION

PART I. FINANCI AL INFORMATION

FINANCI AL STATEMENTS

ITEM 1. FINANCI AL STATEMENTS INCOME STA TEMENTS (In millions, except per share amounts) (Unaudited) Three Months Ended March 31, Nine Months Ended March 31, 2024 2023 2024 2023 Revenue: Product $ 17,080 $ 15,588 $ 51,556 $ 47,846 Service and other 44,778 37,269 128,839 107,880 Total revenue 61,858 52,857 180,395 155,726 Cost of revenue: Product 4,339 3,941 13,834 13,933 Service and other 14,166 12,187 40,596 35,135 Total cost of revenue 18,505 16,128 54,430 49,068 Gross margin 43,353 36,729 125,965 106,658 Research and development 7,653 6,984 21,454 20,456 Sales and marketing 6,207 5,750 17,640 16,555 General and administrative 1,912 1,643 5,363 5,378 Operating income 27,581 22,352 81,508 64,269 Other income (expense), net ( 854 ) 321 ( 971 ) 315 Income before income taxes 26,727 22,673 80,537 64,584 Provision for income taxes 4,788 4,374 14,437 12,304 Net income $ 21,939 $ 18,299 $ 66,100 $ 52,280 Earnings per share: Basic $ 2.95 $ 2.46 $ 8.90 $ 7.02 Diluted $ 2.94 $ 2.45 $ 8.85 $ 6.99 Weighted average shares outstanding: Basic 7,431 7,441 7,431 7,450 Diluted 7,472 7,464 7,467 7,474 Refer to accompanying notes. 3 PART I Item 1 COMPREHENSIVE IN COME STATEMENTS (In millions) (Unaudited) Three Months Ended March 31, Nine Months Ended March 31, 2024 2023 2024 2023 Net income $ 21,939 $ 18,299 $ 66,100 $ 52,280 Other comprehensive income (loss), net of tax: Net change related to derivatives 10 ( 9 ) 28 ( 34 ) Net change related to investments ( 202 ) 753 869 ( 796 ) Translation adjustments and other ( 294 ) 69 11 ( 136 ) Other comprehensive income (loss) ( 486 ) 813 908 ( 966 ) Comprehensive income $ 21,453 $ 19,1

View Full Filing

View this 10-Q filing on SEC EDGAR