Microsoft Q1 2025 10-Q Filed

TL;DR

MSFT Q1 10-Q is in. Financials look solid, keep an eye on share repurchases.

AI Summary

Microsoft Corp. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and business operations, including information on derivative assets and liabilities, and other current and noncurrent assets and liabilities. It also references share repurchase programs and commercial customers.

Why It Matters

This filing provides investors with a quarterly update on Microsoft's financial health and operational performance, crucial for understanding the company's trajectory in the tech sector.

Risk Assessment

Risk Level: low — A 10-Q filing is a routine quarterly report and does not inherently indicate new or elevated risks.

Key Players & Entities

• MICROSOFT CORP (company) — Filer
• 0000789019 (company) — Central Index Key
• 20240930 (date) — Period of Report
• 20241030 (date) — Filing Date
• 7372 (dollar_amount) — Standard Industrial Classification Code
• 2024-07-01 (date) — Reporting Period Start Date
• 2024-09-30 (date) — Reporting Period End Date
• 2023-07-01 (date) — Prior Year Period Start Date
• 2023-09-30 (date) — Prior Year Period End Date

FAQ

Key Financial Figures

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

Filing Documents

• msft-20240930.htm (10-Q) — 4184KB
• 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
• 0000950170-24-118967.txt ( ) — 20003KB
• msft-20240930.xsd (EX-101.SCH) — 1553KB
• msft-20240930_htm.xml (XML) — 5873KB

Financial Statements

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

Notes to Financial Statements

Notes to Financial Statements 8 g) Report of Independent Registered Public Accounting Firm 30 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 31 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 44 Item 4.

Controls and Procedures

Controls and Procedures 44 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 45 Item 1A.

Risk Factors

Risk Factors 45 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 60 Item 5. Other Information 61 Item 6. Exhibits 62 SIGNATURE 63 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 September 30, 2024 2023 Revenue: Product $ 15,272 $ 15,535 Service and other 50,313 40,982 Total revenue 65,585 56,517 Cost of revenue: Product 3,294 3,531 Service and other 16,805 12,771 Total cost of revenue 20,099 16,302 Gross margin 45,486 40,215 Research and development 7,544 6,659 Sales and marketing 5,717 5,187 General and administrative 1,673 1,474 Operating income 30,552 26,895 Other income (expense), net ( 283 ) 389 Income before income taxes 30,269 27,284 Provision for income taxes 5,602 4,993 Net income $ 24,667 $ 22,291 Earnings per share: Basic $ 3.32 $ 3.00 Diluted $ 3.30 $ 2.99 Weighted average shares outstanding: Basic 7,433 7,429 Diluted 7,470 7,462 Refer to accompanying notes. 3 PART I Item 1 COMPREHENSIVE IN COME STATEMENTS (In millions) (Unaudited) Three Months Ended September 30, 2024 2023 Net income $ 24,667 $ 22,291 Other comprehensive income (loss), net of tax: Net change related to derivatives ( 10 ) 21 Net change related to investments 1,114 ( 260 ) Translation adjustments and other 304 ( 355 ) Other comprehensive income (loss) 1,408 ( 594 ) Comprehensive income $ 26,075 $ 21,697 Refer to accompanying notes. 4 PART I Item 1 BALANCE SHEETS (In millions) (Unaudited) September 30, 2024 June 30, 2024 Assets Current assets: Cash and cash equivalents $ 20,840 $ 18,315 Short-term investments 57,588 57,228 Total cash, cash equivalents, and short-term investments 78,428 75,543 Accounts receivable, net of allowance for doubtful accounts of $ 647 and $ 830 44,148 56,924 Inventories 1,626 1,246 Other current assets 25,724 26,021 Total current assets 1

View Full Filing

View this 10-Q filing on SEC EDGAR