Microsoft Corporation

NasdaqGS-MSFT

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	104,912	101,832	96,635	92,750	90,512	88,136
Net Income
Depreciation & Amortization	39,831	34,153	29,330	26,617	25,749	22,287
Depreciation, Amortization, and Other
Share-Based Compensation Expense	12,125	11,974	11,597	11,320	11,059	10,734
Stock-Based Compensation Expense
Other Adjustments	-3,405	-6,447	-5,383	-4,115	-5,437	-4,433
Goodwill and Asset Impairments
Net Recognized Gains on Investments and Derivatives
Deferred Income Taxes
Changes in Trade Receivables	-8,128	-10,581	-7,648	-7,215	-4,188	-7,191
Accounts Receivable
Changes in Inventories	490	309	445	653	1,416	1,284
Inventories
Changes in Accounts Payable	871	569	5,425	4,894	1,415	3,545
Accounts Payable
Changes in Income Taxes Payable	-3,998	-38	-1,887	-563	1,278	1,687
Income Taxes
Changes in Unearned Revenue	5,573	5,438	2,734	3,121	3,921	5,348
Deferral of Unearned Revenue
Recognition of Unearned Revenue
Unearned Revenue
Changes in Other Operating Activities	-1,232	-1,047	-538	-1,879	-3,580	-2,849
Other Current Assets
Other Long-Term Assets
Other Current Liabilities
Other Long-Term Liabilities
Cash from Operating Activities	147,039	136,162	130,710	125,583	122,145	118,548
Net Cash from Operations

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-69,022	-64,551	-61,345	-55,552	-49,483	-44,477
Additions to Property and Equipment
Purchases of Investments	-45,826	-29,775	-10,975	-8,684	-10,892	-17,732
Purchases of Investments
Proceeds from Sale of Investments	30,577	25,388	21,729	18,138	18,725	35,669
Maturities of Investments
Sales of Investments
Payments for Business Acquisitions	-4,707	-5,978	-5,577	-6,171	-69,795	-69,132
Acquisition of Companies, Net of Cash Acquired and Divestitures, and Purchases of Intangible and Other Assets
Other Investing Activities	-2,979	2,317	-707	-2,592	-1,229	-1,298
Securities Lending Payable
Other, Net
Cash from Investing Activities	-91,957	-72,599	-56,875	-54,861	-112,674	-96,970
Net Cash Used in Investing

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Short-Term Debt	—	-5,746	-6,888	-10,698	-19,188	5,250
Repayments of Debt, Maturities of 90 Days or Less
Net Issuance / (Repayments) of Short-Term Debt	—	-5,746	-6,888	-10,698	-19,188	5,250
Issuance of Long-Term Debt	—	—	—	—	—	24,395
Proceeds from Issuance of Debt
Repayments of Long-Term Debt	-2,250	-3,216	-16,281	-25,620	-28,536	-29,070
Repayments of Debt
Net Issuance / (Repayments) of Long-Term Debt	-2,250	-3,216	-16,281	-25,620	-28,536	-4,675
Issuance of Common Shares	2,039	2,056	2,042	2,018	2,023	2,002
Common Stock Issued
Repurchases of Common Shares	-19,963	-18,420	-18,084	-17,516	-16,530	-17,254
Common Stock Repurchased
Net Issuance / (Repurchases) of Common Shares	-17,924	-16,364	-16,042	-15,498	-14,507	-15,252
Common Share Dividends Paid	-24,677	-24,082	-23,487	-22,890	-22,294	-21,771
Common Stock Cash Dividends Paid
Other Financing Activities	-2,071	-2,291	-1,917	-2,033	-1,891	-1,309
Cash Premium on Debt Exchange
Other, Net
Cash from Financing Activities	-46,922	-51,699	-64,418	-70,190	-69,094	-37,757
Net Cash Used in Financing