Microsoft Corporation (MSFT)

Microsoft Cash Flow Statement

Financials in millions USD. Fiscal year is July - June.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Net Income	119,262	101,832	88,136	72,361	72,738	61,271
Depreciation & Amortization	42,202	34,153	22,287	13,861	14,460	11,686
Stock-Based Compensation	12,255	11,974	10,734	9,611	7,502	6,118
Other Adjustments	-8,708	-6,447	-4,433	-5,863	-6,111	-1,399
Change in Receivables	-5,586	-10,581	-7,191	-4,087	-6,834	-6,481
Changes in Inventories	-151	309	1,284	1,242	-1,123	-737
Changes in Accounts Payable	1,110	569	3,545	-2,721	2,943	2,798
Changes in Income Taxes Payable	-1,523	-38	1,687	-358	696	-2,309
Changes in Unearned Revenue	4,428	5,438	5,348	5,535	5,109	4,633
Changes in Other Operating Activities	-2,783	-1,047	-2,849	-1,999	-345	1,160
Operating Cash Flow	160,506	136,162	118,548	87,582	89,035	76,740
Operating Cash Flow Growth	27.81%	14.86%	35.36%	-1.63%	16.02%	26.48%
Capital Expenditures	-83,094	-64,551	-44,477	-28,107	-23,886	-20,622
Purchases of Investments	-53,621	-29,775	-17,732	-37,651	-26,456	-62,924
Proceeds from Sale of Investments	43,522	25,388	35,669	47,864	44,894	65,800
Payments for Business Acquisitions	-3,757	-5,978	-69,132	-1,670	-22,038	-8,909
Other Investing Activities	-3,600	2,317	-1,298	-3,116	-2,825	-922
Investing Cash Flow	-100,550	-72,599	-96,970	-22,680	-30,311	-27,577
Short-Term Debt Issued	-	-5,746	5,250	0	0	-
Net Short-Term Debt Issued (Repaid)	-	-5,746	5,250	-	-	-
Long-Term Debt Issued	-	0	24,395	0	0	-
Long-Term Debt Repaid	-5,250	-3,216	-29,070	-2,750	-9,023	-3,750
Net Long-Term Debt Issued (Repaid)	-5,250	-3,216	-4,675	-2,750	-9,023	-3,750
Issuance of Common Stock	2,042	2,056	2,002	1,866	1,841	1,693
Repurchase of Common Stock	-22,392	-18,420	-17,254	-22,245	-32,696	-27,385
Net Common Stock Issued (Repurchased)	-20,350	-16,364	-15,252	-20,379	-30,855	-25,692
Common Dividends Paid	-25,269	-24,082	-21,771	-19,800	-18,135	-16,521
Other Financing Activities	-2,427	-2,291	-1,309	-1,006	-863	-2,523
Financing Cash Flow	-53,296	-51,699	-37,757	-43,935	-58,876	-48,486
Effect of Exchange Rate Changes on Cash and Cash Equivalents	154	63	-210	-194	-141	-29
Net Cash Flow	6,814	11,927	-16,389	20,773	-293	648
Free Cash Flow	77,412	71,611	74,071	59,475	65,149	56,118
Free Cash Flow Growth	8.10%	-3.32%	24.54%	-8.71%	16.09%	24.06%
FCF Margin	25.34%	25.42%	30.22%	28.07%	32.86%	33.39%
Free Cash Flow Per Share	10.37	9.59	9.92	7.96	8.64	7.38
Levered Free Cash Flow	74,201	67,703	75,536	57,064	61,569	54,130
Unlevered Free Cash Flow	76,211	80,702	76,307	59,176	70,303	56,858

Updated Jan 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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