We publish our Sustainability Data Book as a reporting tool that supplements the Fast Retailing Integrated Report.. FY2020 (ended August 31, 2020) At Microsoft, we provide technology and resources to help our customers create a secure hybrid work environment. Operating as one company, One Microsoft, instead of multiple siloed businesses. Our fixed-income portfolio is diversified and consists primarily of investment-grade securities. Investigaciones Geogrficas, Boletn del Instituto de Geografa, UNAM, Annamma Joy, Alladi Venkatesh, Jake Storrs. We have audited the accompanying consolidated balance sheets of Microsoft Corporation and subsidiaries (the "Company") as of June 30, 2022 and 2021, the related consolidated statements of income, comprehensive income, cash flows, andstockholders'equity, for each of the three years in the period ended June 30, 2022, and the related notes (collectively referred to as the "financial statements"). If we want to serve the world, we need to represent the world. Microsoft 365 brings together Office 365, Windows, and Enterprise Mobility + Security to help organizations empower their employees with AI-backed tools that unlock creativity, increase collaboration, and fuel innovation, all the while enabling compliance coverage and data protection. Inditex-Zara's super-responsive supply chain reduces 'bullwhip effect', order-to-delivery lead time to stores, ensures lean inventory and high level of responsiveness to adapt and deliver products to stores with latest fashion trends and customer feedbacks at a rapid speed. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Hence, the importance of Supply Chain (Management) has appeared. Although we continued to make progress on several of our goals with an overall reduction in Scope 1 and Scope 2 emissions, our Scope 3 emissions increased, due in large part to significant global datacenter expansions and the growth in Xbox sales and usage. Essential to this is our commitment to continually exercise our growth mindset and confront our fixed mindset with humility, curiosity, compassion, and the recognition that, while none of us will ever be perfect, we can always be better than we are today. New tools to assist managers and employees in learning how to operate, be productive, and connect in the new flexible hybrid world of work. 2022. Academia.edu uses cookies to personalize content, tailor ads and improve the user experience. But skills alone arent enoughwe need to help people better prepare for and connect to jobs. We are creating the tools and platforms that deliver better, faster, and more effective solutions to support new startups, improve educational and health outcomes, and empower human ingenuity. We had previously increased the estimated useful lives of both server and network equipment in July 2020. We should all be proud of this workand I am. The largest category of OEMs are direct OEMs as our relationship with them is managed through a direct agreement between Microsoft and the OEM. Our fixed-income portfolio is diversified and consists primarily of investment-grade securities. To determine credit losses, we employ a systematic methodology that considers available quantitative and qualitative evidence. We have recast certain prior period amounts to conform to the current period presentation. Nine of these cases were filed in 2002 and are consolidated for certain pre-trial proceedings; the remaining cases are stayed. Growth depends on our ability to reach new users, add value to our core product set, and continue to expand our product and service offerings into new markets. interests Total equity 1,106 (2) 1,104 (29) Certain volume licensing programs, including Enterprise Agreements, include on-premises licenses combined with Software Assurance (SA). For those uncertain tax positions that had not been effectively settled, we evaluated whether management had appropriately considered new information that could significantly change the recognition, measurement or disclosure of the uncertain tax positions. Letter of transmittal. The amortization of these costs is included in cost of revenue over the estimated life of the products. PSP Partners, LLC, John W. Thompson 3,4 MD&A is provided as a supplement to, and should be read in conjunction with, our consolidated financial statements and the accompanying Notes to Financial Statements in our fiscal year 2022 Form 10-K. Judgment is required in determining when technological feasibility of a product is established. The financial results of Nuance have been included in our consolidated financial statements since the date of the acquisition. Principal Officers. 9 Equity investments with readily determinable fair values are measured at fair value. Now, let me turn to how we are positioned to capture the massive opportunities ahead. 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. Notes to the consolidated annual accounts. The acquisition has been approved by Activision Blizzards shareholders, and we expect it to close in fiscal year 2023, subject to the satisfaction of certain regulatory approvals and other customary closing conditions. Sales Solutions help companies strengthen customer relationships, empower teams with digital selling tools, and acquire new opportunities. .. 5.9. 2020 Executive Chairman's statement We ended 2021 stronger than ever, notching up several quarters of record metrics. These non-GAAP financial measures presented should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. Management conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Fiscal Year 2015 Annual Report. Technology is a deflationary force in an inflationary economy. Customers are looking to us to help improve productivity and the affordability of their products and services. 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. We evaluate the recoverability of intangible assets periodically by taking into account events or circumstances that may warrant revised estimates of useful lives or that indicate the asset may be impaired. View or download past and current financial results (as published on SENS every six months), all integrated annual reports and sustainability reports. Microsoft offers direct sales programs targeted to reach small, medium, and corporate customers, in addition to those offered through the reseller channel. It is possible that the information we post on social media could be deemed to be material to investors. We evaluated the appropriateness and consistency of management's methods and assumptions used in the identification, recognition, measurement, and disclosure of uncertain tax positions, which included testing the effectiveness of the related internal controls. The components of basic and diluted EPS were as follows: Anti-dilutive stock-based awards excluded from the calculations of diluted EPS were immaterial during the periods presented. Below you can download annual reports, summaries and subsidiary lists published starting in financial year 2016 (FY16). Windows OEM revenue increased 11% driven by continued strength in the commercial PC market, which has higher revenue per license. From another internet-connected device, including Android or macOS devices, you can run Windows 365, just like a virtual machine. Other news and announcements that we may post from time to time that investors might find useful or interesting. We compete to provide enterprise-wide computing solutions and point solutions with numerous commercial software vendors that offer solutions and middleware technology platforms, software applications for connectivity (both Internet and intranet), security, hosting, database, and e-business servers. None of our achievements would be possible without the people here at Inditex. In 2014, the trial court granted in part and denied in part the defendants motion to exclude the plaintiffs general causation experts. While we employ much of our internally-developed intellectual property exclusively in our products and services, we also engage in outbound licensing of specific patented technologies that are incorporated into licensees products. The world in 2022 looks nothing like the world in 2019. To learn more, view ourPrivacy Policy. And no company is better positioned to help them than Microsoft. The fair values of these investments approximate their carrying values. We must ensure that economic growth does not come at the expense of our planet. Our customers include individual consumers, small and medium organizations, large global enterprises, public-sector institutions, Internet service providers, application developers, and OEMs. Each industry shift is an opportunity to conceive new products, new technologies, or new ideas that can further transform the industry and our business. Other comprehensive income (loss), net of tax: Total cash, cash equivalents, and short-term investments, Accounts receivable, net of allowance for doubtful accounts of, Property and equipment, net of accumulated depreciation of, Common stock and paid-in capital shares authorized 24,000; outstanding, Accumulated other comprehensive income (loss), Total liabilities and stockholders equity. Cost of revenue increased $10.4 billion or 20% driven by growth in Microsoft Cloud. May 27, 2022. Good governance, corporate ethical culture and solid compliance architecture. Material Cash Requirements and Other Obligations. Throughout the fiscal year, we collect over 75,000 Daily Pulse employee survey responses. With our new Microsoft Intelligent Data Platform, we are helping customers focus on creating value instead of integrating a fragmented data estate. Microsoft Research is one of the worlds largest corporate research organizations and works in close collaboration with top universities around the world to advance the state-of-the-art in computer science and a broad range of other disciplines, providing us a unique perspective on future trends and contributing to our innovation. In March 2021, the India Supreme Court ruled favorably for companies in 86 separate appeals, some dating back to 2012, holding that software sales are not subject to India withholding taxes. President, Wells Fargo & Company. The decrease in our effective tax rate was primarily due to a $3.3 billion net income tax benefit in the first quarter of fiscal year 2022 related to the transfer of intangible properties, offset in part by changes in the mix of our income before income taxes between the U.S. and foreign countries, as well as tax benefits in the prior year from the India Supreme Court decision on withholding taxes in the case of Engineering Analysis Centre of Excellent Private Limited vs The Commissioner of Income Tax, an agreement between the U.S. and India tax authorities related to transfer pricing, and final Tax Cuts and Jobs Act (TCJA) regulations. The successful implementation of an integrated supply chain strategy enhances total control over the operations and thus enhances speed and flexibility. The following table reconciles our financial results reported in accordance with GAAP to non-GAAP financial results: We expect existing cash, cash equivalents, short-term investments, cash flows from operations, and access to capital markets to continue to be sufficient to fund our operating activities and cash commitments for investing and financing activities, such as dividends, share repurchases, debt maturities, material capital expenditures, and the transition tax related to the TCJA, for at least the next 12 months and thereafter for the foreseeable future. Introduction and Fiscal Year 2022 Results; Integrated Strategic Choices; A Portfolio of Superior, Daily-Use Products; Superiority to Win with Consumers; Ongoing Productivity; A Constructive Disruption Mindset; Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. 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. In October 2016, the Court of Appeals issued its decision adopting the standard advocated by the defendants and remanding the cases to the trial court for further proceedings under that standard. Employees may purchase shares having a value not exceeding 15% of their gross compensation during an offering period. It is classified as operating in the Family Clothing Stores industry. Full Document. Inditex comprises of eight brands: Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqe. , corporate ethical culture and solid compliance architecture qualitative evidence, Jake.! Approximate their carrying values during an offering period of multiple siloed businesses PC market, has! 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