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MSFT

MICROSOFT CORPeval run
10-K for period ending 2026-06-30gpt-6-luna@none · prompt v4$0.00128.8sfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$331.8BR5 Total revenue331,839 millions$331.8B ✓
Operating income$155.2BR14 Operating income155,237 millions$155.2B ✓
Net income attributable to the company$133.7BR18 Net income133,749 millions$133.7B ✓
Diluted EPS$17.95R21 Diluted17.95$17.95 ✓
Cash and cash equivalents$20.9BR4 Cash and cash equivalents20,935 millions$20.9B ✓
Total assets$758.4BR17 Total assets758,376 millions$758.4B ✓
Total liabilities$316.0BR33 Total liabilities315,989 millions$316.0B ✓
Total shareholders' equity attributable to the company$442.4BR39 Total stockholders’ equity442,387 millions$442.4B ✓
Net cash from operating activities$182.9BR19 Net cash from operations182,935 millions$182.9B ✓
Net cash from investing activities-$139.5BR36 Net cash used in investing(139,500) millions-$139.5B ✓
Net cash from financing activities-$52.5BR28 Net cash used in financing(52,546) millions-$52.5B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · not applicable: no noncontrolling interest line printed
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · not applicable: no noncontrolling interest line printed
  • cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

management's claims

Found 15 claims, none about a company-wide figure the statements can confirm.

trace

  1. 0locator (code)0.35s
    {
  "tables": 88,
  "exhibits": [],
  "documents": 1
}
    {
  "income": {
    "rows": 25,
    "scale": 1000000,
    "score": 35,
    "heading": "49 PART II Item 8 ITEM 8. FINANCIAL STATE MENTS AND SUPPLEMENTARY DATA INC OME STATEMENTS",
    "tableIndex": 24,
    "runnerUpScore": 28.75
  },
  "balance": {
    "rows": 41,
    "scale": 1000000,
    "score": 53.5,
    "heading": "Refer to accompanying notes. 51 PART II Item 8 BALANCE SHEETS",
    "tableIndex": 26,
    "runnerUpScore": 14.25
  },
  "cashflow": {
    "rows": 41,
    "scale": 1000000,
    "score": 8.75,
    "heading": "Refer to accompanying notes. 52 PART II Item 8 CASH FLOWS S TATEMENTS",
    "tableIndex": 27,
    "runnerUpScore": 8.5
  }
}
  2. 1cash flow agent1.94s · 1567 tokens · $0.0002
    {
  "rows": 41,
  "retryHint": null,
  "tableIndex": 27
}
    {
  "figures": [
    {
      "note": "This is the operating section total after changes in operating assets and liabilities.",
      "field": "operatingCashFlow",
      "scale": 1000000,
      "value": 182935000000,
      "printed": "182,935",
      "rowIndex": 19,
      "rowLabel": "Net cash from operations",
      "priorValue": 136162000000,
      "agentPrinted": "182,935",
      "failedChecks": [],
      "priorPrinted": "136,162",
      "groundingMismatch": false
    },
    {
      "note": "This is the investing section total.",
      "field": "investingCashFlow",
      "scale": 1000000,
      "value": -139500000000,
      "printed": "(139,500)",
      "rowIndex": 36,
      "rowLabel": "Net cash used in investing",
      "priorValue": -72599000000,
      "agentPrinted": "(139,500)",
      "failedChecks": [],
      "priorPrinted": "(72,599)",
      "groundingMismatch": false
    },
    {
      "note": "This is the financing section total.",
      "field": "financingCashFlow",
      "scale": 1000000,
      "value": -52546000000,
      "printed": "(52,546)",
      "rowIndex": 28,
      "rowLabel": "Net cash used in financing",
      "priorValue": -51699000000,
      "agentPrinted": "(52,546)",
      "failedChecks": [],
      "priorPrinted": "(51,699)",
      "groundingMismatch": false
    }
  ],
  "statement": "cashflow",
  "tableIndex": 27,
  "priorColumn": 1,
  "currentColumn": 0
}
  3. 2income statement agent1.98s · 1444 tokens · $0.0002
    {
  "rows": 25,
  "retryHint": null,
  "tableIndex": 24
}
    {
  "figures": [
    {
      "note": "This is the statement’s company-wide total revenue line.",
      "field": "revenue",
      "scale": 1000000,
      "value": 331839000000,
      "printed": "331,839",
      "rowIndex": 5,
      "rowLabel": "Total revenue",
      "priorValue": 281724000000,
      "agentPrinted": "331,839",
      "failedChecks": [],
      "priorPrinted": "281,724",
      "groundingMismatch": false
    },
    {
      "note": "This row explicitly reports operating income.",
      "field": "operatingIncome",
      "scale": 1000000,
      "value": 155237000000,
      "printed": "155,237",
      "rowIndex": 14,
      "rowLabel": "Operating income",
      "priorValue": 128528000000,
      "agentPrinted": "155,237",
      "failedChecks": [],
      "priorPrinted": "128,528",
      "groundingMismatch": false
    },
    {
      "note": "This is the only net income line, with no noncontrolling-interest adjustment shown.",
      "field": "netIncome",
      "scale": 1000000,
      "value": 133749000000,
      "printed": "133,749",
      "rowIndex": 18,
      "rowLabel": "Net income",
      "priorValue": 101832000000,
      "agentPrinted": "133,749",
      "failedChecks": [],
      "priorPrinted": "101,832",
      "groundingMismatch": false
    },
    {
      "note": "This row reports diluted earnings per share.",
      "field": "epsDiluted",
      "scale": 1,
      "value": 17.95,
      "printed": "17.95",
      "rowIndex": 21,
      "rowLabel": "Diluted",
      "priorValue": 13.64,
      "agentPrinted": "17.95",
      "failedChecks": [],
      "priorPrinted": "13.64",
      "groundingMismatch": false
    }
  ],
  "statement": "income",
  "tableIndex": 24,
  "priorColumn": 1,
  "currentColumn": 0
}
  4. 3balance sheet agent2.02s · 1454 tokens · $0.0002
    {
  "rows": 41,
  "retryHint": null,
  "tableIndex": 26
}
    {
  "figures": [
    {
      "note": "This is the balance sheet’s cash and cash equivalents line.",
      "field": "cash",
      "scale": 1000000,
      "value": 20935000000,
      "printed": "20,935",
      "rowIndex": 4,
      "rowLabel": "Cash and cash equivalents",
      "priorValue": 30242000000,
      "agentPrinted": "20,935",
      "failedChecks": [],
      "priorPrinted": "30,242",
      "groundingMismatch": false
    },
    {
      "note": "This row prints total assets.",
      "field": "totalAssets",
      "scale": 1000000,
      "value": 758376000000,
      "printed": "758,376",
      "rowIndex": 17,
      "rowLabel": "Total assets",
      "priorValue": 619003000000,
      "agentPrinted": "758,376",
      "failedChecks": [],
      "priorPrinted": "619,003",
      "groundingMismatch": false
    },
    {
      "note": "This is the separate total liabilities line, not total liabilities and equity.",
      "field": "totalLiabilities",
      "scale": 1000000,
      "value": 315989000000,
      "printed": "315,989",
      "rowIndex": 33,
      "rowLabel": "Total liabilities",
      "priorValue": 275524000000,
      "agentPrinted": "315,989",
      "failedChecks": [],
      "priorPrinted": "275,524",
      "groundingMismatch": false
    },
    {
      "note": "This is the total stockholders’ equity attributable to the company.",
      "field": "totalEquity",
      "scale": 1000000,
      "value": 442387000000,
      "printed": "442,387",
      "rowIndex": 39,
      "rowLabel": "Total stockholders’ equity",
      "priorValue": 343479000000,
      "agentPrinted": "442,387",
      "failedChecks": [],
      "priorPrinted": "343,479",
      "groundingMismatch": false
    }
  ],
  "statement": "balance",
  "tableIndex": 26,
  "priorColumn": 1,
  "currentColumn": 0
}
  5. 4reconciler (code)0.00s
    null
    [
  {
    "name": "balance_identity",
    "detail": "total assets equals total liabilities and equity",
    "fields": [
      "totalAssets"
    ],
    "passed": true,
    "skipped": false,
    "statement": "balance"
  },
  {
    "name": "totalEquity_attribution",
    "detail": "no noncontrolling interest line printed",
    "fields": [
      "totalEquity"
    ],
    "passed": true,
    "skipped": true,
    "statement": "balance"
  },
  {
    "name": "netIncome_before_preferred",
    "detail": "net income is not the after-preferred-dividends line",
    "fields": [
      "netIncome"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "epsDiluted_total",
    "detail": "diluted EPS is for total net income",
    "fields": [
      "epsDiluted"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "netIncome_attribution",
    "detail": "no noncontrolling interest line printed",
    "fields": [
      "netIncome"
    ],
    "passed": true,
    "skipped": true,
    "statement": "income"
  },
  {
    "name": "cash_flow_tie",
    "detail": "operating + investing + financing (+ FX) equals the net change in cash",
    "fields": [
      "operatingCashFlow",
      "investingCashFlow",
      "financingCashFlow"
    ],
    "passed": true,
    "skipped": false,
    "statement": "cashflow"
  }
]
  6. 5MD&A claims agent5.46s · 2564 tokens · $0.0006
    null
    [
  {
    "kind": "amount_change",
    "field": "revenue",
    "quote": "Microsoft 365 Commercial products and cloud services revenue increased $14.2 billion or 16%.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$14.2 billion",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "Microsoft 365 Commercial products and cloud services revenue increased $14.2 billion or 16%.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "16%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "Microsoft 365 Commercial cloud revenue grew 17% with growth in revenue per user driven by Microsoft 365 Copilot and Microsoft 365 E5.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "17%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "Microsoft 365 Commercial products revenue grew 13% driven by growth in the Windows Commercial on-premises components of Microsoft 365 suite sales, as well as an increase in Office 2024 transactional purchasing.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "13%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "amount_change",
    "field": "revenue",
    "quote": "Microsoft 365 Consumer products and cloud services revenue increased $1.8 billion or 24%.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$1.8 billion",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "Microsoft 365 Consumer products and cloud services revenue increased $1.8 billion or 24%.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "24%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "Microsoft 365 Consumer cloud revenue grew 28% driven by growth in revenue per user and Microsoft 365 Consumer subscriber growth of 7%.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "28%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "amount_change",
    "field": "revenue",
    "quote": "Server products and cloud services revenue increased $31.0 billion or 31% driven by Azure and other cloud services.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$31.0 billion",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "Server products and cloud services revenue increased $31.0 billion or 31% driven by Azure and other cloud services.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "31%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "Azure and other cloud services revenue grew 41% driven by demand for services across the platform with continued growth across all workloads.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "41%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "Server products revenue increased 1% primarily driven by higher purchases of licenses running in multi-cloud environments, offset in part by continued customer shift to cloud.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "1%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "amount_change",
    "field": "revenue",
    "quote": "XBOX revenue decreased $1.7 billion or 7% driven by declines in XBOX content and services and XBOX hardware.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$1.7 billion",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "XBOX revenue decreased $1.7 billion or 7% driven by declines in XBOX content and services and XBOX hardware.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
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    "asWritten": "7%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "percent_change",
    "field": "revenue",
    "quote": "XBOX content and services revenue decreased 5% on a prior year comparable that benefited from strong first-party content performance, offset in part by growth in XBOX Game Pass.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
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    "asWritten": "5%",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "amount_change",
    "field": "revenue",
    "quote": "Dynamics products and cloud services revenue increased $1.2 billion or 15% driven by growth in Dynamics 365.",
    "scope": "segment_or_non_gaap",
    "actual": null,
    "reason": "Total revenue: about a segment, region or non-GAAP measure, which the statements can't confirm",
    "claimed": null,
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    "asWritten": "$1.2 billion",
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  }
]

Income statement

table #24 · current period is figure column 1
0(In millions, except per share amounts)
1Year Ended June 30,202620252024
2Revenue:
3Product64,69663,94664,773
4Service and other267,143217,778180,349
5Total revenue← Total revenue331,839281,724245,122
6Cost of revenue:
7Product12,09813,50115,272
8Service and other94,27674,33058,842
9Total cost of revenue106,37487,83174,114
10Gross margin225,465193,893171,008
11Research and development35,56232,48829,510
12Sales and marketing26,71025,65424,456
13General and administrative7,9567,2237,609
14Operating income← Operating income155,237128,528109,433
15Other income (expense), net10,697(4,901)(1,646)
16Income before income taxes165,934123,627107,787
17Provision for income taxes32,18521,79519,651
18Net income← Net income attributable to the company133,749101,83288,136
19Earnings per share:
20Basic18.0013.7011.86
21Diluted← Diluted EPS17.9513.6411.80
22Weighted average shares outstanding:
23Basic7,4297,4337,431
24Diluted7,4537,4657,469

Balance sheet

table #26 · current period is figure column 1
0(In millions)
1June 30,20262025
2Assets
3Current assets:
4Cash and cash equivalents← Cash and cash equivalents20,93530,242
5Short-term investments55,90864,323
6Total cash, cash equivalents, and short-term investments76,84394,565
7Accounts receivable, net of allowance for doubtful accounts of $1,040 and $94480,87669,905
8Inventories1,397938
9Other current assets48,59425,723
10Total current assets207,710191,131
11Property and equipment, net of accumulated depreciation of $118,691 and $93,653313,076204,966
12Operating lease right-of-use assets24,17724,823
13Equity and other investments36,34815,405
14Goodwill119,651119,509
15Intangible assets, net18,60922,604
16Other long-term assets38,80540,565
17Total assets← Total assets758,376619,003
18Liabilities and stockholders’ equity
19Current liabilities:
20Accounts payable42,41627,724
21Current portion of long-term debt9,2272,999
22Accrued compensation14,94513,709
23Short-term income taxes2,5347,211
24Short-term unearned revenue72,96564,555
25Other current liabilities26,73825,020
26Total current liabilities168,825141,218
27Long-term debt31,06740,152
28Long-term income taxes28,64725,986
29Long-term unearned revenue2,7472,710
30Deferred income taxes3,0542,835
31Operating lease liabilities16,53217,437
32Other long-term liabilities65,11745,186
33Total liabilities← Total liabilities315,989275,524
34Commitments and contingencies
35Stockholders’ equity:
36Common stock and paid-in capital - shares authorized 24,000; outstanding 7,427 and 7,434117,406109,095
37Retained earnings328,265237,731
38Accumulated other comprehensive loss(3,284)(3,347)
39Total stockholders’ equity← Total shareholders' equity attributable to the company442,387343,479
40Total liabilities and stockholders’ equity758,376619,003

Cash flow statement

table #27 · current period is figure column 1
0(In millions)
1Year Ended June 30,202620252024
2Operations
3Net income133,749101,83288,136
4Adjustments to reconcile net income to net cash from operations:
5Depreciation, amortization, and other38,53429,43320,958
6Stock-based compensation expense12,40511,97410,734
7Net recognized losses (gains) on investments and derivatives(11,047)5,3291,634
8Deferred income taxes14,189(7,056)(4,738)
9Changes in operating assets and liabilities:
10Accounts receivable(12,737)(10,581)(7,191)
11Inventories(461)3091,284
12Other current assets(2,627)(3,044)(1,648)
13Other long-term assets(3,964)(2,950)(6,817)
14Accounts payable5,2685693,545
15Unearned revenue9,3615,4385,348
16Income taxes(1,875)(38)1,687
17Other current liabilities6,8475,9224,867
18Other long-term liabilities(4,707)(975)749
19Net cash from operations← Net cash from operating activities182,935136,162118,548
20Financing
21Proceeds from issuance (repayments) of debt, maturities of 90 days or less, net0(5,746)5,250
22Proceeds from issuance of debt0024,395
23Repayments of debt(3,000)(3,216)(29,070)
24Common stock issued2,0092,0562,002
25Common stock repurchased(22,271)(18,420)(17,254)
26Common stock cash dividends paid(26,445)(24,082)(21,771)
27Other, net(2,839)(2,291)(1,309)
28Net cash used in financing← Net cash from financing activities(52,546)(51,699)(37,757)
29Investing
30Additions to property and equipment(115,948)(64,551)(44,477)
31Acquisition of companies, net of cash acquired and divestitures, and purchases of intangible and other assets(1,743)(5,978)(69,132)
32Purchases of investments(58,351)(29,775)(17,732)
33Maturities of investments34,60516,07924,775
34Sales of investments21,7989,30910,894
35Other, net(19,861)2,317(1,298)
36Net cash used in investing← Net cash from investing activities(139,500)(72,599)(96,970)
37Effect of foreign exchange rates on cash and cash equivalents(196)63(210)
38Net change in cash and cash equivalents(9,307)11,927(16,389)
39Cash and cash equivalents, beginning of period30,24218,31534,704
40Cash and cash equivalents, end of period20,93530,24218,315