Table of contents
No headersA financial statement that discloses the profitability of a company in terms of revenue and expenses during a specified time period in conformity with generally accepted accounting principles (GAAP).
See example below for Microsoft.
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(In
millions, except per share amounts)
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Year
Ended June 30
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2006
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2005
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2004
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Revenue
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$44,282
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$39,788
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$36,835
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Operating expenses:
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Cost of revenue
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7,650
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6,031
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6,596
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Research and
development
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6,584
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6,097
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7,735
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Sales and
marketing
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9,818
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8,563
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8,195
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General and
administrative
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3,758
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4,536
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5,275
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Total
operating expenses
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27,810
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25,227
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27,801
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Operating
income
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16,472
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14,561
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9,034
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Investment
income and other
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1,790
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2,067
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3,162
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Income before
income taxes
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18,262
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16,628
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12,196
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Provision for
income taxes
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5,663
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4,374
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4,028
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Net income
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$12,599
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$12,254
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$ 8,168
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Earnings per
share:
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Basic
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$ 1.21
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$ 1.13
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$ 0.76
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Diluted
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$ 1.20
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$ 1.12
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$ 0.75
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Weighted
average shares outstanding:
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Basic
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10,438
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10,839
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10,803
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Diluted
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10,531
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10,906
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10,894
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Cash dividends
declared per common share
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$ 0.35
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$ 3.40
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$ 0.16
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