No instances of impairment were identified in our May 1, 2022, May 1, 2021, or May 1, 2020 tests. SA conveys rights to new software and upgrades released over the contract period and provides support, tools, and training to help customers deploy and use products more efficiently. We also compete with other providers of entertainment services such as video streaming platforms. During fiscal year 2022, our Daily Pulse surveys gave us invaluable insights into ways we could support employees through the COVID-19 pandemic, addressing racial injustice, the war in Ukraine, and their general wellbeing. It sustains our everyday practice of customer obsession. Annual Report 2021-2022 Download PDF This Annual Report 2021-2022 outlines the concrete progress the World Economic Forum made over the year in a variety of initiatives, and demonstrates how the organization continues to be a bridge-builder in a world where international cooperation is increasingly under pressure. We recognize that progress wont always be linear, and the rate at which we can implement emissions reductions is dependent on many factors that can fluctuate over time. Now, let me turn to how we are positioned to capture the massive opportunities ahead. Fiscal Year 2018 Annual Report. We can be contacted between the hours of 9:00 a.m. to 5:00 p.m. Pacific Time to answer investment oriented questions about Microsoft. 122 Evolving our ecosystem: using our balance sheet and relationships with suppliers and partners to foster societal change and create new opportunities. Enterprise Services, including Enterprise Support Services, Microsoft Consulting Services, and Nuance professional services. These allocated costs include legal, including settlements and fines, information technology, human resources, finance, excise taxes, field selling, shared facilities services, and customer service and support. Xbox is designed to benefit users by providing access to a network of certified applications and services and to benefit our developer and partner ecosystems by providing access to a large customer base. The successful implementation of an integrated supply chain strategy enhances total control over the operations and thus enhances speed and flexibility. Zara annual report 2015 pdf 2015 ANNUAL REPORT. Gains and losses representing hedge components excluded from the assessment of effectiveness are recognized in other income (expense), net. We completed our acquisition of Nuance Communications this year, adding new cloud and enterprise AI capabilities for healthcare, as well as other industries. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. m sand plant project report. Commercial remaining performance obligation, Commercial portion of revenue allocated to remaining performance obligations, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods, Revenue from Azure and other cloud services, Office 365 Commercial, the commercial portion of LinkedIn, Dynamics 365, and other commercial cloud properties, Gross margin percentage for our Microsoft Cloud business, Productivity and Business Processes and Intelligent Cloud. Phone: +91 9405611668 / 9925200742 Email: ecosafepaper@gmail.com coyotes single game tickets. Customers can use Azure through our global network of datacenters for computing, networking, storage, mobile and web application services, AI, IoT, cognitive services, and machine learning. Zara's Center 2020/2021 Annual Report. REPORT OF MANAGEMENT ON INTERNAL CONTROL OVER FINANCIAL REPORTING. Building on our work in eight US cities, were now partnering with five US states with significant broadband adoption gaps to increase access, adoption, and equity. Xbox Game Pass is a community with access to a curated library of over 100 first- and third-party console and PC titles. From best-in-class databases and analytics to data governance, we have the most comprehensive data stack to help every organization turn its data into predictive and analytical power. We built on this pledge by adding commitments to be water positive by 2030, zero waste by 2030, and to protect ecosystems by developing a Planetary Computer. Against the backdrop of financial uncertainty and rising costs, we made major strategic investments towards greater affordability . Becoming more diverse and inclusive in everything we do. We have not received a proposed assessment for the unresolved key transfer pricing issues and do not expect a final resolution of these issues in the next 12 months. On July 25, 2022, there were 86,465 registered holders of record of our common stock. Property and equipment is stated at cost less accumulated depreciation, and depreciated using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. Microsoft Corporation, Sandra E. Peterson 2,3 Basic earnings per share (EPS) is computed based on the weighted average number of shares of common stock outstanding during the period. Our growth and impact this past year would not have been possible without your commitment to the company and belief in its mission. From another internet-connected device, including Android or macOS devices, you can run Windows 365, just like a virtual machine. I want to close by thanking you for your continued investment in Microsoft. The settlement risk related to these investments is insignificant given that the short-term investments held are primarily highly liquid investment-grade fixed-income securities. Organizations also license our products and services indirectly, primarily through licensing solution partners (LSP), distributors, value-added resellers (VAR), and retailers. Stock information. In 2014, Microsoft was informed that Chinas State Agency for Market Regulation (SAMR) (formerly State Administration for Industry and Commerce) had begun a formal investigation relating to Chinas Anti-Monopoly Law, and the SAMR conducted onsite inspections of Microsoft offices in Beijing, Shanghai, Guangzhou, and Chengdu. The critical audit matters communicated below are matters arising from the current-period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. This lean working capital management offsets their higher production costs and enables them to boast rapid sales turnover rates. Office Commercial products and cloud services revenue growth, Revenue from Office Commercial products and cloud services (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), comprising Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Microsoft Viva, Office Consumer products and cloud services revenue growth, Revenue from Office Consumer products and cloud services, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, The number of Office 365 Commercial seats at end of period where seats are paid users covered by an Office 365 Commercial subscription, The number of Microsoft 365 Consumer subscribers at end of period, Dynamics products and cloud services revenue growth, Revenue from Dynamics products and cloud services, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate; and on-premises ERP and CRM applications, Revenue from LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, and Sales Solutions, Server products and cloud services revenue growth, Revenue from Server products and cloud services, including Azure and other cloud services; SQL Server, Windows Server, Visual Studio, System Center, and related Client Access Licenses (CALs); and Nuance and GitHub. Fiscal Year 2019 Annual Report. Cost of revenue is allocated in certain cases based on a relative revenue methodology. Long-lived assets, excluding financial instruments and tax assets, classified by the location of the controlling statutory company and with countries over 10% of the total shown separately, were as follows: REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, To the Stockholders and the Board of Directors of Microsoft Corporation. We conducted our audit in accordance with the standards of the PCAOB. Executive Vice President, Business Development, Operating income increased $5.3 billion or 22%. Debt investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows: Unrealized losses from fixed-income securities are primarily attributable to changes in interest rates. And rsted, which produces a quarter of the worlds wind energy. Our goal is to lead the industry in several distinct areas of technology over the long term, which we expect will translate to sustained growth. This year, we introduced GitHub Copilot, a first-of-its-kind AI pair programmer, to help developers write better code faster. We introduced a Hybrid Workplace Flexibility Guide to better support managers and employees as they adapt to new ways of working that shift paradigms, embrace flexibility, promote inclusion, and drive innovation. President, Wells Fargo & Company. In addition, all our broker- priced investments have a sufficient level of trading volume to demonstrate that the fair values used are appropriate for these investments. We are building a distributed computing fabric across cloud and the edge to help every organization build, run, and manage mission-critical workloads anywhere. And we are helping organizations apply the worlds most advanced coding and language models to a variety of use cases, such as writing assistance, code generation, and reasoning over data with our new Azure OpenAI Service. The credit risk and average maturity of our fixed-income portfolio are managed to achieve economic returns that correlate to certain fixed-income indices. The findings suggest that vertical integration through ownership of various operational stages including product design and development, production operation, logistics and distribution channel; appropriate sourcing strategy to meet product needs; application of process/product modularity practices in product design, material procurement and manufacturing to ensure manufacturing flexibility; flexible logistics capability; and all of these seamlessly integrated and coordinated by a centralized IT infrastructure can significantly raise overall supply chain flexibility and responsiveness. Customers are looking to unlock value while simplifying security and management. Zara's Results vs. Derivative instruments are recognized as either assets or liabilities and measured at fair value. Judgment is required in assessing the future tax consequences of events that have been recognized in our consolidated financial statements or tax returns. The competitive position of Linux has also benefited from the large number of compatible applications now produced by many commercial and non-commercial software developers. This includes the server platform, database, business intelligence, storage, management and operations, virtualization, service-oriented architecture platform, security, and identity software. Security and digital safety are foundational to trust in todays complex threat landscape. From communications and commerce, to logistics, financial services, energy, healthcare, and entertainment, digital technology will power the entire global economy as every company becomes a software company in its own right. Seventy percent of employees globally participated in our fiscal year 2022 Employee Signals survey, which covers a variety of topics such as thriving, inclusion, team culture, wellbeing, and learning and development. As of June 30, 2022, 2021, and 2020, we had accrued interest expense related to uncertain tax positions of $4.3 billion, $4.3 billion, and $4.0 billion, respectively, net of income tax benefits. We expect to recognize approximately 45% of this revenue over the next 12 months and the remainder thereafter. Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis (May 1 for us) and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. This segment primarily comprises: The Windows operating system is designed to deliver a more personal computing experience for users by enabling consistency of experience, applications, and information across their devices. Any change in the goodwill amounts resulting from foreign currency translations and purchase accounting adjustments are presented as Other in the table above. Lead Independent Director, As of June 30, 2022 and 2021, our financing receivables, net were $4.1 billion and $4.4 billion, respectively, for short-term and long-term financing receivables, which are included in other current assets and other long-term assets in our consolidated balance sheets. 3 Oct 2022. You can download the paper by clicking the button above. Notes to the consolidated annual accounts. Were dedicated to preserving our customers privacy and their ability to control their own data. GitHub provides a collaboration platform and code hosting service for developers. Applying AI to drive insights and act on our customers behalf by understanding and interpreting their needs using natural methods of communication. 2838 kb. As just one example of this work, use of our Office Accessibility Checkerour spell check for accessibilityhas grown by 9x over the past year. services revenue growth, Revenue from Windows Commercial products and cloud services, comprising volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings, Revenue from Surface devices and accessories, Revenue from Xbox content and services, comprising first- and third-party content (including games and in-game content), Xbox Game Pass and other subscriptions, Xbox Cloud Gaming, third- party disc royalties, advertising, and other cloud services, Search and news advertising revenue, The proceeds of these issuances were or will be used for general corporate purposes, which may include, among other things, funding for working capital, capital expenditures, repurchases of capital stock, acquisitions, and repayment of existing debt. As of June 30, 2022 and 2021, other receivables due from suppliers were $1.0 billion and $965 million, respectively, and are included in accounts receivable, net in our consolidated balance sheets. 130 We also license standalone and software development lifecycle tools for software architects, developers, testers, and project managers. Personalized, integrated, and relevant views of all learning opportunities on both our internal learning portal Learning (Viva Learning + LinkedIn Learning) and our external learning portal MS Learn are available to all employees worldwide. We also help our suppliers and customers around the world use Microsoft technology to reduce their own carbon footprint. An estimated loss from a loss contingency such as a legal proceeding or claim is accrued by a charge to income if it is probable that an asset has been impaired or a liability has been incurred and the amount of the loss can be reasonably estimated. Tools like search, news, and maps have given us immediate access to the worlds information. Our management is responsible for establishing and maintaining adequate internal control over financial reporting for the Company. To the extent we fail to meet these requirements, we will be required to post collateral, similar to the standard convention related to over-the-counter derivatives. Differences in device market demand between developed markets and growth markets. Variations in the actual outcome of these future tax consequences could materially impact our consolidated financial statements. Academia.edu no longer supports Internet Explorer. 13 July 2021. We analyze 43 trillion security signals daily and use the insights to inform increased protections. Office Consumer products and cloud services revenue increased $641 million or 11% driven by Microsoft 365 Consumer subscription revenue. Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 60 days. We are committed to earning trustboth trust in business model alignment with our customers and partners, and trust in technology, spanning privacy, security, digital safety, the responsible use of AI, and transparency. The following table outlines maturities of our long-term debt, including the current portion, as of June 30, 2022: The components of the provision for income taxes were as follows: U.S. and foreign components of income before income taxes were as follows: The items accounting for the difference between income taxes computed at the U.S. federal statutory rate and our effective rate were as follows: In the first quarter of fiscal year 2022, we transferred certain intangible properties from our Puerto Rico subsidiary to the U.S. We will continue to invest in sales, marketing, product support infrastructure, and existing and advanced areas of technology, as well as continue making acquisitions that align with our business strategy. In its annual racism report, ZARA publishes a broad selection of racist incidents from all spheres of life in Austria that have been reported to the NGO in the previous year. 01/13 Barron's 2022 Barron's Midyear Roundtable Report Card 01/13 Barron's The Age of Free Money Is Over. We are accelerating our development of mixed reality solutions with new Azure services and devices. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. We are subject to income tax in many jurisdictions outside the U.S. Our operations in certain jurisdictions remain subject to examination for tax years 1996 to 2021, some of which are currently under audit by local tax authorities. As we have diversity of target audiences and sales motions within the Windows business, we monitor metrics that are reflective of those varying motions. 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