MICROSOFT CORPORATION FinancialStatementFY20Q1 BALANCE SHEETS (In millions) (Unaudited) June 30, June 30, 2019 2018 Assets Current assets: Cash and cash equivalents $11,356,000 $11,946,000 Short-term investments $122,463,000 $ 121,822,000 Total cash, cash equivalents, and short-term investments $133,819,000 $ 133,768,000 Accounts receivable, net of allowance for doubtful accounts of $411 and $377 $ 29,524,000 $ 26,481,000 Inventories $ 2,063,000 $ 2,662,000 Other current assets $ 10,146,000 $ 6,751,000 Total current assets $175,552,000 $ 169,662,000 Long-term assets: Property and equipment, net of accumulated depreciation of $35,330 and $29,223 $ 36,477,000 $ 29,460,000 Operating lease right-of-use assets $ 7,379,000 $ 6,686,000 Equity investments $ 2,649,000 $ 1,862,000 Goodwill $ 42,026,000 $ 35,683,000 Intangible assets, net $ 7,750,000 $ 8,053,000 Other long-term assets $ 14,723,000 $ 7,442,000 Deferred asset charges $ - $ - Total assets $286,556,000 $258,848,000 Liabilities and stockholders' equity Current liabilities: Accounts payable $9,382,000 $8,617,000 Short-term Debt/Current portion of long-term debt $ 5,516,000 $ 3,998,000 Accrued compensation $ 6,830,000 $ 6,103,000 Short-term income taxes $ 5,665,000 $ 2,121,000 Short-term unearned revenue $ 32,676,000 $ 28,905,000 Other current liabilities $ 9,351,000 $ 8,744,000 Total current liabilities $ 69,420,000 $ 58,488,000 Long-term debt $ 66,662,000 $ 72,242,000 Long-term income taxes $ 29,612,000 $ 30,265,000 Long-term unearned revenue $ 4,530,000 $ 3,815,000 Deferred income taxes $ 233,000 $ 541,000 Operating lease liabilities $ 6,188,000 $ 5,568,000 Other long-term liabilities $ 7,581,000 $ 5,211,000 Misc. Stocks $ - $ - Minority interest $ - $ - Total liabilities $184,226,000 $176,130,000 Stockholders' equity: Common stock and paid-in capital - shares authorized 24,000; outstanding 7,643 and 7,677 $ 78,520,000 $ 71,223,000 Retained earnings $ 24,150,000 $ 13,682,000 Accumulated other comprehensive loss/Other equity $ (340,000) $ (2,187,000) Total stockholders' equity $102,330,000 $ 82,718,000 Total liabilities and stockholders' equity $286,556,000 $258,848,000 MICROSOFT CORPORATION INCOME STATEMENTS (In millions, except per share amounts) (Unaudited) Twelve Months Ended June 30, 2019 2018 Sales: Product $66,069,000 $64,497,000 Service and other $ 59,774,000 $ 45,863,000 Net sales $125,843,000 $110,360,000 Cost of goods sold: .