Microsoft Corporation Annual Report 2005
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INCOME STATEMENTS

(In millions, except per share amounts)   spacer   spacer  
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Year Ended June 30 2006   2005   2004
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Revenue $44,282   $39,788   $36,835
Operating expenses:
    Cost of revenue 7,650   6,031   6,596
    Research and development 6,584   6,097   7,735
    Sales and marketing 9,818   8,563   8,195
    General and administrative 3,758   4,536   5,275
        Total operating expenses 27,810   25,227   27,801
Operating income 16,472   14,561   9,034
Investment income and other 1,790   2,067   3,162
Income before income taxes 18,262   16,628   12,196
Provision for income taxes 5,663   4,374   4,028
Net income $12,599   $12,254   $08,168
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Earnings per share:
    Basic $001.21   $001.13   $000.76
    Diluted $001.20   $001.12   $000.75
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Weighted average shares outstanding:
    Basic 10,438   10,839   10,803
    Diluted 10,531   10,906   10,894
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Cash dividends declared per common share $000.35   $003.40   $000.16

See accompanying notes.

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