FINANCIAL HIGHLIGHTS - Australian $
(In millions, except earnings per share)
|
Year Ended June 30 |
1999 |
2000 |
2001 (2) |
2002 (3) |
2003 (4) |
|
Revenue |
$32,135 |
$36,394 |
$46,404 |
$54,666 |
$55,983 |
|
Operating income |
16,290 |
17,448 |
21,499 |
22,953 |
22,988 |
|
Income before accounting change |
12,669 |
14,936 |
14,164 |
15,088 |
17,381 |
|
Net income |
12,669 |
14,936 |
13,476 |
15,088 |
17,381 |
|
Diluted earnings per share before |
|
|
|
|
|
|
accounting change (1) |
1.16 |
1.35 |
1.27 |
1.35 |
1.60 |
|
Diluted earnings per share (1) |
1.16 |
1.35 |
1.21 |
1.35 |
1.60 |
|
Cash dividends per share |
- |
- |
- |
- |
0.14 |
|
Cash and short-term investments |
26,040 |
39,584 |
61,039 |
68,666 |
73,086 |
|
Total assets |
57,895 |
85,985 |
113,637 |
120,174 |
118,568 |
|
Stockholders' equity |
42,964 |
68,809 |
91,344 |
92,699 |
90,925 |
(1) Earnings per share have been restated to reflect a two-for-one stock split in February 2003.
(2) Fiscal year 2001 includes an unfavorable cumulative effect of accounting change of AUD$688 million or AUD$0.06 per diluted share, reflecting the adoption of SFAS No. 133, and AUD$8.81 billion (pre-tax) in impairments of certain investments, primarily cable and telecommunication investments.
(3) Fiscal year 2002 includes AUD$8.33 billion (pre-tax) in impairments of certain investments, primarily related to our AT&T investment and further declines in the fair values of European cable and telecommunications holdings, and a AUD$2.41 billion (pre-tax) gain on the sale of Expedia, Inc.
(4) Fiscal year 2003 includes AUD$2.00 billion (pre-tax) in impairments of certain investments.
* Cash and short-term investments, Total assets, and Stockholder's equity are translated using the June 30 exchange rate. All other items have been translated using the average rate for the fiscal year.
This Consolidated Financial Highlights table has been converted into Australian currency. This presentation is intended only to provide additional information. These financial highlights are not a complete presentation of the Company's financial position and results of operations. A complete set of the Company's primary financial statements prepared in accordance with generally accepted accounting principles in the United States of America, and included in filings with the United States Securities and Exchange Commission, can be found in The Microsoft 2003 Annual Report to Shareholders (including Form 10-K) which is available on this Web site. Copies may also be obtained by writing to the Company.
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