MSFT Annual Report 2004 - Financial Highlights

FINANCIAL HIGHLIGHTS - Australian $

(In millions, except earnings per share)

Year Ended June 30	2000 ⁽¹⁾	2001 ^{(1, 2)}	2002 ^{(1, 3)}	2003 ^{(1, 4)}	2004

Revenue	$36,394	$46,404	$54,666	$55,983	$51,762
Operating income	17,448	21,499	15,942	16,602	12,695
Income before accounting change	14,936	14,164	10,320	13,099	11,478
Net income	14,936	13,476	10,320	13,099	11,478
Diluted earnings per share before accounting change	1.35	1.27	0.93	1.20	1.05
Diluted earnings per share	1.35	1.21	0.93	1.20	1.05
Cash dividends per share	-	-	-	0.14	0.22
Cash and short-term investments	39,584	61,039	68,666	73,086	86,982
Total assets	85,985	113,637	124,196	121,788	132,628
Stockholders' equity	68,809	91,344	97,428	96,725	107,415

(1)	The financial data presented for fiscal 2002 and 2003 has been restated as prescribed by SFAS 148, Accounting for Stock-Based Compensation - Transition and Disclosure and amendment of FASB Statement No. 123, to reflect the retroactive adoption of the fair value recognition provisions of SFAS 123, Accounting for Stock-Based Compensation as discussed in Note 13. The information presented for 2000 and 2001 has not been restated. If fiscal 2000 had been restated, the operating income and net income would have been AUD14,447 million and AUD$12,956 million. If fiscal 2001 had been restated, the operating income and net income would have been AUD$15,305 million and AUD$9,326 million.
(2)	Fiscal 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. Fiscal 2001 also includes the acquisition of Great Plains Software, Inc. for approximately AUD$2.13 billion in stock.
(3)	Fiscal 2002 includes a AUD$2.41 billion (pre-tax) gain on the sale of Expedia, Inc.
(4)	Fiscal 2003 includes the acquisition of Navision a/s, Rare Ltd. and Placeware, Inc. for a total of AUD$1.83 billion in cash and AUD$1.17 billion in stock and other consideration.
* 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 2004 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.