Microsoft Corporation (MSFT) · 36 Years of Financial statements

Income Statement

Revenue

198

346

591

804

1,183

1,843

2,759

3,753

4,649

5,937

8,671

11,358

14,484

19,747

22,956

25,296

28,365

32,187

36,835

39,788

44,282

51,122

60,420

58,437

62,484

69,943

73,723

77,849

86,833

93,580

85,320

89,950

110,360

125,843

143,015

168,088

COGS

35

66

132

180

206

287

354

482

526

608

708

528

173

1,804

2,254

3,455

5,191

5,686

6,716

6,200

7,650

10,693

11,598

12,155

12,395

15,577

17,530

20,249

26,934

33,038

32,780

34,261

38,353

42,910

46,078

52,232

Gross Profit

162

280

459

624

977

1,557

2,405

3,271

4,123

5,329

7,963

10,830

14,311

17,943

20,702

21,841

23,174

26,501

30,119

33,588

36,632

40,429

48,822

46,282

50,089

54,366

56,193

57,600

59,899

60,542

52,540

55,689

72,007

82,933

96,937

115,856

Gross Profit Ratio

82.23%

80.83%

77.66%

77.60%

82.56%

84.44%

87.16%

88.69%

89.76%

91.83%

95.35%

98.81%

90.86%

90.18%

86.34%

81.70%

82.33%

81.77%

84.42%

82.72%

79.08%

80.80%

79.20%

80.16%

77.73%

76.22%

73.99%

68.98%

64.70%

61.58%

61.91%

65.25%

65.90%

67.78%

68.93%

Operating Expenses

102

153

271

381

584

907

1,409

1,945

2,397

3,291

4,885

5,700

7,371

7,900

9,673

10,121

11,264

13,284

21,085

19,027

20,160

21,905

26,330

25,919

25,932

27,205

28,237

30,836

32,013

32,370

31,248

33,057

36,949

39,974

43,978

45,940

R&D Expenses

- -

610

860

1,432

1,925

2,502

2,970

3,775

4,379

4,307

4,659

7,779

6,184

6,584

7,121

8,164

9,010

8,714

9,043

9,811

10,411

11,381

12,046

11,988

13,037

14,726

16,876

19,269

20,716

Selling, G&A Exp.

96

145

255

357

538

831

1,296

1,794

1,550

2,162

2,973

3,218

3,845

3,920

5,150

5,742

6,957

8,625

13,306

12,843

13,576

14,784

18,166

16,909

17,218

18,162

18,426

20,425

20,632

20,324

19,260

20,020

22,223

23,098

24,709

25,224

General and Admin. Exp.

- -

5,127

4,030

4,004

4,222

4,569

5,149

4,821

4,611

4,563

4,481

4,754

4,885

5,111

5,107

Selling and Marketing Exp.

- -

13,039

12,879

13,214

13,940

13,857

15,276

15,811

15,713

14,697

15,539

17,469

18,213

19,598

20,117

Other Expenses

6

8

16

24

46

76

112

151

237

269

480

557

1,024

1,010

748

- -

COGS and Expenses

137

219

403

561

790

1,194

1,763

2,427

2,923

3,899

5,593

6,228

7,544

9,704

11,927

13,576

16,455

18,970

27,801

25,227

27,810

32,598

37,928

38,074

38,327

42,782

45,767

51,085

58,947

65,408

64,028

67,318

75,302

82,884

90,056

98,172

Interest Income

- -

888

706

843

900

- -

2,762

2,680

2,131

Interest Expense

- -

151

295

380

429

597

781

1,243

2,222

2,733

2,686

2,591

2,346

Depreciation and Amortization

6

8

16

24

46

76

112

151

237

269

480

557

1,024

1,010

748

1,536

1,084

1,439

1,186

855

903

1,440

2,056

2,562

2,673

2,766

2,967

3,755

5,212

5,957

6,622

8,778

10,261

11,682

12,796

11,686

EBITDA

72

129

200

275

457

746

1,154

1,552

1,959

2,436

3,859

5,871

8,141

12,901

15,023

12,686

12,597

16,165

13,382

17,483

19,165

21,541

25,870

22,383

27,837

31,132

25,614

31,236

33,629

25,245

27,616

34,149

49,468

58,056

68,423

85,134

EBITDA ratio

36.35%

37.29%

33.80%

34.23%

38.61%

40.49%

41.82%

41.35%

42.14%

41.03%

44.50%

51.69%

56.21%

65.33%

65.44%

50.15%

44.41%

50.22%

36.33%

43.94%

43.28%

42.14%

42.82%

38.30%

44.55%

44.51%

34.74%

40.12%

38.73%

26.98%

32.37%

37.96%

44.82%

46.13%

47.84%

50.65%

Operating Income

61

127

187

242

393

650

996

1,326

1,726

2,038

3,078

5,130

6,940

10,043

11,029

11,720

11,910

13,217

9,034

14,561

16,472

18,524

22,492

20,363

24,098

27,161

21,763

26,764

27,759

18,161

20,182

22,326

35,058

42,959

52,959

69,916

Operating Income ratio

30.84%

36.69%

31.72%

30.14%

33.23%

35.25%

36.10%

35.33%

37.13%

34.33%

35.50%

45.17%

47.91%

50.86%

48.04%

46.33%

41.99%

41.06%

24.53%

36.60%

37.20%

36.23%

37.23%

34.85%

38.57%

38.83%

29.52%

34.38%

31.97%

19.41%

23.65%

24.82%

31.77%

34.14%

37.03%

41.59%

Total Other Income Exp.(Gains)

5

(6)

(4)

9

17

21

45

75

(4)

129

301

184

177

1,848

3,246

(195)

(397)

1,509

3,162

2,067

1,790

1,577

1,322

(542)

915

910

504

288

61

346

(431)

823

1,416

729

77

1,186

Income Before Tax

66

121

184

251

411

671

1,041

1,401

1,722

2,167

3,379

5,314

7,117

11,891

14,275

11,525

11,513

14,726

12,196

16,628

18,262

20,101

23,814

19,821

25,013

28,071

22,267

27,052

27,820

18,507

19,751

23,149

36,474

43,688

53,036

71,102

Income Before Tax ratio

33.42%

35.10%

31.09%

31.21%

34.70%

36.38%

37.75%

37.33%

37.04%

36.50%

38.97%

46.79%

49.14%

60.22%

62.18%

45.56%

40.59%

45.75%

33.11%

41.79%

41.24%

39.32%

39.41%

33.92%

40.03%

40.13%

30.20%

34.75%

32.04%

19.78%

23.15%

25.74%

33.05%

34.72%

37.08%

42.30%

Income Tax Expense (Gain)

27

50

60

80

131

208

333

448

576

714

1,184

1,860

2,627

4,106

4,854

3,804

3,684

4,733

4,028

4,374

5,663

6,036

6,133

5,252

6,253

4,921

5,289

5,189

5,746

6,314

2,953

1,945

19,903

4,448

8,755

9,831

Net Income

39

72

124

171

279

463

708

953

1,146

1,453

2,195

3,454

4,490

7,785

9,421

7,346

7,829

9,993

8,168

12,254

12,599

14,065

17,681

14,569

18,760

23,150

16,978

21,863

22,074

12,193

16,798

21,204

16,571

39,240

44,281

61,271

Net Income Ratio

19.90%

20.79%

20.97%

21.22%

23.59%

25.10%

25.67%

25.39%

24.65%

24.47%

25.31%

30.41%

31.00%

39.42%

41.04%

29.04%

27.60%

31.05%

22.17%

30.80%

28.45%

27.51%

29.26%

24.93%

30.02%

33.10%

23.03%

28.08%

25.42%

13.03%

19.69%

23.57%

15.02%

31.18%

30.96%

36.45%

EPS

0.01

0.02

0.03

0.04

0.06

0.08

0.10

0.12

0.14

0.21

0.33

0.46

0.77

0.91

0.69

0.72

0.93

0.76

1.13

1.21

1.44

1.90

1.63

2.13

2.73

2.02

2.61

2.66

1.49

2.12

2.74

2.15

5.11

5.82

8.12

EPS Diluted

0.01

0.02

0.03

0.04

0.06

0.08

0.10

0.12

0.14

0.21

0.33

0.42

0.71

0.85

0.66

0.70

0.92

0.75

1.12

1.20

1.42

1.87

1.62

2.10

2.69

2.00

2.58

2.63

1.48

2.10

2.71

2.13

5.06

5.76

8.05

Weighted Avg. Shares Outs.

7,342

7,190

6,195

6,820

7,977

8,413

8,851

9,530

9,760

10,032

10,240

10,496

9,728

10,056

10,378

10,682

10,812

10,723

10,803

10,839

10,438

9,742

9,328

8,945

8,813

8,490

8,396

8,375

8,299

8,177

7,925

7,746

7,700

7,673

7,610

7,547

Weighted Avg. Shares Outs. Dil.

7,342

7,190

6,195

6,820

7,977

8,413

8,851

9,530

9,760

10,032

10,240

10,496

10,724

10,964

11,072

11,148

11,106

10,882

10,894

10,906

10,531

9,886

9,470

8,996

8,927

8,593

8,506

8,470

8,399

8,254

8,013

7,832

7,794

7,753

7,683

7,608

SEC Link

Link

Balance Sheet

Cash and Cash Equivalents

103

133

183

192

246

417

791

1,013

1,477

1,962

2,601

3,706

3,839

4,975

4,846

3,922

3,016

6,438

15,982

4,851

6,714

6,111

10,339

6,076

5,505

9,610

6,938

3,804

8,669

5,595

6,510

7,663

11,946

11,356

13,576

11,748

Short-Term Investments

- -

12,261

18,952

27,678

35,636

42,610

44,610

32,900

27,447

17,300

13,323

25,371

31,283

43,162

56,102

73,218

77,040

90,931

106,730

125,318

121,822

122,463

122,951

118,586

Cash & Short-Term Investments

103

133

183

192

246

417

791

1,013

1,477

1,962

2,601

3,706

3,839

17,236

23,798

31,600

38,652

49,048

60,592

37,751

34,161

23,411

23,662

31,447

36,788

52,772

63,040

77,022

85,709

96,526

113,240

132,981

133,768

133,819

136,527

130,334

Net Receivables

35

55

94

111

181

243

824

338

475

581

639

980

1,460

2,245

3,250

3,671

5,129

5,196

5,890

7,180

9,316

11,338

13,589

11,192

13,014

14,987

15,780

17,486

19,544

17,908

18,277

19,792

26,481

29,524

32,011

38,043

Inventory

8

17

54

38

56

47

86

127

102

88

- -

673

640

421

491

1,478

1,127

985

717

740

1,372

1,137

1,938

2,660

2,902

2,251

2,181

2,662

2,063

1,895

2,636

Other Current Assets

3

9

15

128

237

321

69

1,372

2,258

2,989

4,599

5,687

10,590

752

3,260

4,366

4,122

4,089

3,663

3,315

4,055

4,292

5,006

5,924

5,134

5,787

5,127

5,020

6,333

7,376

5,892

4,897

6,751

10,146

11,482

13,393

Total Current Assets

148

213

345

469

720

1,029

1,770

2,850

4,312

5,620

7,839

10,373

15,889

20,233

30,308

39,637

48,576

58,973

70,566

48,737

49,010

40,168

43,242

49,280

55,676

74,918

85,084

101,466

114,246

124,712

139,660

159,851

169,662

175,552

181,915

184,406

PP&E

20

70

130

199

325

530

767

867

930

1,192

1,326

1,465

1,505

1,611

1,903

2,309

2,268

2,223

2,326

2,346

3,044

4,350

6,242

7,535

7,630

8,162

8,269

9,991

13,011

14,731

18,356

23,734

36,146

43,856

52,904

70,803

Goodwill

- -

3,866

4,760

12,108

12,503

12,394

12,581

13,452

14,655

20,127

16,939

17,872

35,122

35,683

42,026

43,351

49,711

Intangible Assets

- -

8

- -

1,669

3,512

3,684

3,808

539

878

1,973

1,759

1,158

744

3,170

3,083

6,981

4,835

3,733

10,106

8,053

7,750

7,038

7,800

Goodwill and Intangible Assets

- -

8

- -

1,669

3,512

3,684

3,808

4,405

5,638

14,081

14,262

13,552

13,325

16,622

17,738

27,108

21,774

21,605

45,228

43,736

49,776

50,389

57,511

Investments

- -

6,588

4,933

7,754

10,865

9,776

10,844

14,597

12,053

10,431

6,023

1,862

2,649

2,965

5,984

Tax Assets

- -

1,829

3,621

2,611

1,389

949

279

- -

Other Non-Current Assets

3

5

10

53

60

86

104

88

121

398

928

2,549

4,963

15,312

19,939

17,311

15,133

14,863

13,984

12,303

10,527

11,626

1,691

1,599

1,501

1,434

1,520

2,392

3,422

2,953

3,642

6,250

7,442

14,723

13,138

15,075

Total Non-Current Assets

23

75

148

252

385

616

870

955

1,051

1,590

2,254

4,014

6,468

16,923

21,842

19,620

19,070

20,598

21,823

22,078

20,587

23,003

29,551

28,608

30,437

33,786

36,187

40,965

58,138

51,511

54,034

81,235

89,186

111,004

119,396

149,373

Other Assets

- -

Total Assets

171

288

493

721

1,105

1,644

2,640

3,805

5,363

7,210

10,093

14,387

22,357

37,156

52,150

59,257

67,646

79,571

92,389

70,815

69,597

63,171

72,793

77,888

86,113

108,704

121,271

142,431

172,384

176,223

193,694

241,086

258,848

286,556

301,311

333,779

Accounts Payable

- -

42

51

86

188

239

324

563

808

721

759

874

1,083

1,188

1,208

1,573

1,717

2,086

2,909

3,247

4,034

3,324

4,025

4,197

4,175

4,828

7,432

6,591

6,898

7,390

8,617

9,382

12,530

15,163

Short-Term Debt

- -

2,000

1,000

- -

1,231

2,999

2,000

7,484

12,904

10,121

3,998

5,516

3,749

8,072

Tax Payable

- -

3,248

725

1,074

580

789

592

782

606

580

718

2,121

5,665

2,130

2,174

Deferred Revenue

- -

5,614

5,920

7,225

6,514

7,502

9,138

10,779

13,397

13,003

13,652

15,722

18,653

20,639

23,150

23,223

27,468

34,102

28,905

32,676

36,000

41,525

Other Current Liabilities

30

47

118

117

136

208

259

324

589

784

1,617

2,889

4,971

7,844

8,672

4,330

5,616

5,176

6,738

7,289

10,395

9,728

12,455

8,707

7,470

8,855

8,629

8,951

13,043

12,560

12,087

12,914

16,968

21,846

20,031

23,897

Total Current Liabilities

30

47

118

159

187

293

447

563

913

1,347

2,425

3,610

5,730

8,718

9,755

11,132

12,744

13,974

14,969

16,877

22,442

23,754

29,886

27,034

26,147

28,774

32,688

37,417

45,625

49,858

59,357

64,527

58,488

69,420

72,310

88,657

Long-Term Debt

2

- -

3,746

4,939

11,921

10,713

12,601

20,645

27,808

40,783

76,073

77,810

72,850

67,249

59,703

Deferred Revenue

- -

1,900

1,281

1,178

1,398

1,406

1,760

2,008

2,095

6,441

10,377

3,815

4,530

3,180

2,616

Deferred Tax Liabilities

- -

1,027

836

398

1,731

- -

229

1,456

1,893

1,709

2,728

2,835

1,476

531

541

233

204

198

Other Non-Current Liabilities

- -

0

(0)

- -

(0)

- -

405

635

- -

1,385

- -

2,324

2,846

2,595

5,823

7,051

8,320

4,721

6,269

7,445

8,072

8,208

10,000

11,594

13,544

13,640

17,184

35,476

37,193

40,064

40,617

Total Non-Current Liabilities

2

(0)

- -

(0)

- -

405

635

- -

1,385

1,027

836

2,722

4,577

2,595

5,823

7,051

8,320

6,621

11,296

13,791

22,847

22,220

26,070

36,975

46,282

62,340

104,165

117,642

114,806

110,697

103,134

Other Liabilities

- -

Capital Lease Obligations

- -

5,568

6,188

7,671

9,629

Total Liabilities

31

49

118

159

187

293

447

563

913

1,752

3,060

3,610

5,730

8,718

10,782

11,968

15,466

18,551

17,564

22,700

29,493

32,074

36,507

38,330

39,938

51,621

54,908

63,487

82,600

96,140

121,697

168,692

176,130

184,226

183,007

191,791

Preferred Stock

- -

Common Stock

- -

13,844

23,195

28,390

31,647

35,344

56,396

60,413

59,005

60,557

62,849

62,382

62,856

63,415

65,797

67,306

68,366

68,465

68,178

69,315

71,223

78,520

80,552

83,111

Retained Earnings

89

161

285

456

689

956

1,536

2,156

2,950

3,328

3,984

5,288

7,622

13,614

18,173

18,899

20,533

25,676

18,429

(13,724)

(20,130)

(31,114)

(27,703)

(23,793)

(16,681)

(8,195)

566

9,895

17,710

9,096

2,282

2,648

13,682

24,150

34,566

57,055

Other Compreh. Income(Loss)

(11)

(19)

(30)

(50)

(74)

(119)

(211)

(314)

(515)

(715)

(1,020)

(1,312)

(1,547)

(1,905)

(2,411)

(2,966)

(3,623)

(3,855)

(4,163)

1,426

1,229

1,654

1,140

969

(8,629)

1,863

1,422

1,743

3,708

2,522

1,537

431

(2,187)

(340)

3,186

1,822

Other Total Stockhold. Equity

61

97

121

156

304

513

868

1,400

2,015

2,720

3,944

6,801

10,552

2,885

2,411

2,966

3,623

3,855

4,163

- -

8,629

- -

(1,422)

- -

Total Stockholders Equity

139

239

376

562

919

1,351

2,193

3,242

4,450

5,333

6,908

10,777

16,627

28,438

41,368

47,289

52,180

61,020

74,825

48,115

40,104

31,097

36,286

39,558

46,175

57,083

66,363

78,944

89,784

80,083

71,997

72,394

82,718

102,330

118,304

141,988

Total Liab.&Stockhold. Equity

171

288

493

721

1,105

1,644

2,640

3,805

5,363

7,085

9,968

14,387

22,357

37,156

52,150

59,257

67,646

79,571

92,389

70,815

69,597

63,171

72,793

77,888

86,113

108,704

121,271

142,431

172,384

176,223

193,694

241,086

258,848

286,556

301,311

333,779

Minority Interest

- -

125

- -

Total Liabilities & Equity

171

288

493

721

1,105

1,644

2,640

3,805

5,363

7,210

10,093

14,387

22,357

37,156

52,150

59,257

67,646

79,571

92,389

70,815

69,597

63,171

72,793

77,888

86,113

108,704

121,271

142,431

172,384

176,223

193,694

241,086

258,848

286,556

301,311

333,779

SEC Link

Link

Cash Flow Statement

Net Income

- -

171

279

463

708

953

1,146

1,453

2,195

3,454

4,490

7,785

9,421

7,346

7,829

9,993

8,168

12,254

12,599

14,065

17,681

14,569

18,760

23,150

16,978

21,863

22,074

12,193

16,798

21,204

16,571

39,240

44,281

61,271

Depreciation and Amortization

- -

24

46

76

112

151

237

269

480

557

1,024

1,010

748

1,536

1,084

1,439

1,186

855

903

1,440

2,056

2,562

2,673

2,766

2,967

3,755

5,212

5,957

6,622

8,778

10,261

11,682

12,796

11,686

Deferred Income Tax

- -

(420)

(416)

336

(1,479)

(179)

219

421

935

762

(220)

2

954

(19)

(331)

224

332

(3,296)

13,040

(3,534)

(3,620)

(150)

Stock Based Compensation

- -

1,479

1,708

1,891

2,166

2,244

2,406

2,446

2,574

2,668

3,266

3,940

4,652

5,289

6,118

Change in Working Capital

- -

28

(47)

19

87

(30)

210

268

1,044

678

1,070

1,395

(1,587)

298

1,992

2,273

1,963

(1,092)

(2,397)

(961)

(2,435)

(178)

30,035

(3,003)

35,930

42,878

44,949

46,585

54,996

69,363

2,284

937

2,148

(936)

Accounts Receivable

- -

(1,569)

2,215

(2,238)

(1,451)

(1,156)

(1,807)

(1,120)

1,456

(530)

(925)

(3,862)

(2,812)

(2,577)

(6,481)

Inventory

- -

15

(16)

8

(40)

(51)

23

15

- -

(561)

184

(802)

(161)

(272)

600

50

(465)

597

168

(737)

Accounts Payable

- -

58

(31)

537

473

(1,054)

88

81

1,148

232

3,018

2,798

Other Working Capital

- -

310

533

735

1,323

2,287

3,399

4,273

5,414

6,763

10,159

11,515

20,553

271

2,430

1,639

109

31,860

1,224

1,123

(271)

1,400

29,374

1,356

36,104

44,253

44,325

45,072

57,072

67,711

5,922

4,462

2,212

2,324

Other Non-Cash Items

- -

0

- -

296

(160)

5,379

4,662

4,020

1,756

4,788

4,767

3,080

2,831

1,896

(386)

(29,066)

1,913

(27,447)

(42,050)

(42,119)

(38,453)

(48,091)

(59,808)

(2,212)

(792)

(219)

(1,249)

Cash Provided by Operating Activities

- -

223

278

558

907

1,074

1,593

1,990

3,719

4,689

6,880

10,030

13,961

13,422

14,509

15,797

14,626

16,605

14,404

17,796

21,612

19,037

24,073

26,994

31,626

28,833

32,231

29,080

33,325

39,507

43,884

52,185

60,675

76,740

CAPEX

- -

(89)

(158)

(264)

(317)

(236)

(278)

(495)

(494)

(499)

(656)

(583)

(879)

(1,103)

(770)

(891)

(1,109)

(812)

(1,578)

(2,264)

(3,182)

(3,119)

(1,977)

(2,355)

(2,305)

(4,257)

(5,485)

(5,944)

(8,343)

(8,129)

(11,632)

(13,925)

(15,441)

(20,622)

Acquisitions Net

- -

(190)

- -

(1,063)

(4)

(207)

(649)

(1,150)

(8,053)

(868)

(245)

(71)

(10,112)

(1,584)

(5,937)

(3,723)

(1,393)

(25,944)

(888)

(2,388)

(2,521)

(8,909)

Purchases of Investments

- -

(16)

(95)

(77)

(284)

(723)

(860)

(651)

(1,551)

(921)

(4,828)

(36,441)

(43,158)

(66,346)

(89,386)

(89,621)

(92,495)

(68,045)

(51,117)

(36,308)

(20,954)

(36,850)

(30,168)

(35,993)

(57,250)

(75,396)

(72,690)

(98,729)

(129,758)

(176,905)

(137,380)

(57,697)

(77,190)

(62,924)

Sales/Maturities of Investments

- -

25,754

32,110

58,715

79,311

84,362

90,863

84,091

58,230

46,187

27,729

25,997

22,578

23,803

45,275

57,594

65,366

85,861

115,341

164,394

143,937

58,237

84,170

65,800

Other Investing Activities

- -

(40)

(18)

(40)

(41)

(17)

(64)

(230)

(625)

(1,669)

(1,598)

79

- -

3,117

(376)

(127)

(930)

(1,502)

- -

(394)

(168)

(87)

(466)

203

(197)

(98)

- -

(1,241)

(922)

Cash Used for Investing Activities

- -

(145)

(271)

(381)

(642)

(976)

(1,202)

(1,376)

(2,670)

(3,089)

(7,272)

(11,191)

(11,927)

(8,734)

(10,845)

(7,213)

(2,745)

15,027

8,003

6,089

(4,587)

(15,770)

(11,314)

(14,616)

(24,786)

(23,811)

(18,833)

(23,001)

(23,950)

(46,781)

(6,061)

(15,773)

(12,223)

(27,577)

Debt Repayment

- -

(228)

(2,986)

(814)

- -

(1,346)

(3,888)

(1,500)

(2,796)

(7,922)

(10,060)

(4,000)

(5,518)

(3,750)

Common Stock Issued

- -

6

110

180

265

436

431

332

504

1,724

959

2,116

2,717

1,620

1,497

2,120

2,748

3,109

2,101

6,782

3,494

579

2,311

2,422

1,913

931

607

634

668

772

1,002

1,142

1,343

1,693

Common Stock Repurchased

- -

(47)

(197)

(135)

(250)

(348)

(649)

(1,261)

(3,101)

(2,468)

(2,950)

(4,896)

(7,441)

(6,069)

(6,486)

(3,383)

(8,057)

(19,207)

(27,575)

(12,533)

(9,353)

(11,269)

(11,555)

(5,029)

(5,360)

(7,316)

(14,443)

(15,969)

(11,788)

(10,721)

(19,543)

(22,968)

(27,385)

Dividends Paid

- -

(15)

(28)

(13)

- -

(857)

(1,729)

(36,112)

(3,545)

(3,805)

(4,015)

(4,468)

(4,578)

(5,180)

(6,385)

(7,455)

(8,879)

(9,882)

(11,006)

(11,845)

(12,699)

(13,811)

(15,137)

(16,521)

Other Financing Activities

- -

19

(20)

13

(11)

- -

179

352

891

2,091

3,107

- -

235

- -

(18)

89

54

120

6,007

3,231

6,751

93

5,082

11,082

16,111

20,710

39,191

(1,112)

(675)

(3,751)

(2,523)

Cash Used/Provided by Financing Activities

- -

26

44

(4)

119

186

83

(138)

(405)

(501)

554

2,245

(2,192)

(5,586)

(4,572)

(5,223)

(2,364)

(41,078)

(20,562)

(24,544)

(12,934)

(7,463)

(13,291)

(8,376)

(9,408)

(8,148)

(8,394)

(9,080)

(8,393)

8,408

(33,590)

(36,887)

(46,031)

(48,486)

Effect of Forex Changes on Cash

- -

(1)

3

(2)

(10)

(62)

(10)

9

(5)

6

(29)

52

29

(26)

2

61

27

(7)

18

56

137

(67)

(39)

103

(104)

(8)

(139)

(73)

(67)

19

50

(115)

(201)

(29)

Net Change In Cash

- -

26

44

(4)

119

186

83

(138)

(405)

(501)

133

1,136

(129)

(924)

(906)

3,422

9,544

(9,453)

1,863

(603)

4,228

(4,263)

(571)

4,105

(2,672)

(3,134)

4,865

(3,074)

915

1,153

4,283

(590)

2,220

648

Cash at the End of Period

- -

3,839

4,975

4,846

3,922

3,016

6,438

15,982

4,851

6,714

6,111

10,339

6,076

5,505

9,610

6,938

3,804

8,669

5,595

6,510

7,663

11,946

11,356

13,576

14,224

Cash at the Beginning of Period

- -

91

192

246

417

791

1,013

1,477

1,962

2,601

3,706

3,839

4,975

4,846

3,922

3,016

6,438

14,304

4,851

6,714

6,111

10,339

6,076

5,505

9,610

6,938

3,804

8,669

5,595

6,510

7,663

11,946

11,356

13,576

Free Cash Flow

- -

133

120

294

590

838

1,315

1,495

3,225

4,190

6,224

9,447

13,082

12,319

13,739

14,906

13,517

15,793

12,826

15,532

18,430

15,918

22,096

24,639

29,321

24,576

26,746

23,136

24,982

31,378

32,252

38,260

45,234

56,118

SEC Link

Link

Forex Rate

- -

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