The Financial Highlights section shows key financial statistics for a company’s most recent 5- to 10-fiscal-year period (Exhibit 4.2). Selected by the company, these financial metrics are meant to positively show the company’s performance and growth over this period.
Financial Highlights | |||||
---|---|---|---|---|---|
(In millions, except per share data) | |||||
Fiscal Year Ended June 30 | 2001(1,2) | 2002(1,3) | 2003(1,4) | 2004 | 2005 |
Revenue | $25,296 | $28,365 | $32,187 | $36,835 | $39,788 |
Operating income | 11,720 | 8,272 | 9,545 | 9,034 | 14,561 |
Income before accounting change | 7,721 | 5,355 | 7,531 | 8,168 | 12,254 |
Net income | 7,346 | 5,355 | 7,531 | 8,168 | 12,254 |
Diluted earnings per share before accounting change | 0.69 | 0.48 | 0.69 | 0.75 | 1.12 |
Diluted earnings per share | 0.66 | 0.48 | 0.69 | 0.75 | 1.12 |
Cash dividends declared per share | - | - | 0.08 | 0.16 | 3.40 |
Cash and short-term investments | 31,600 | 38,652 | 49,048 | 60,592 | 37,751 |
Total assets | 58,830 | 69,910 | 81,732 | 94,368 | 70,815 |
Long-term obligations | 2,287 | 2,722 | 2,846 | 4,574 | 5,823 |
Stockholders’ equity | 47,289 | 54,842 | 64,912 | 74,825 | 48,115 |
Source: Used with permission. Microsoft 2005 Annual Report.