 |
 |
NOTES TO FINANCIAL STATEMENTS |
|
NOTE 12 STOCKHOLDERS’ EQUITY
Shares of common stock outstanding are as follows:
| (In millions) |
 |
| Year Ended June 30 |
2006) |
|
2005) |
|
2004) |
| |
| Balance, beginning of year |
10,710) |
|
10,862) |
|
10,771) |
| Issued |
106) |
|
160) |
|
215) |
| Repurchased |
(754) |
|
(312) |
|
(124) |
| Balance, end of year |
10,062) |
|
10,710) |
|
10,862) |
On July 20, 2006, we announced the completion of the $30 billion Microsoft common stock repurchase program approved by our Board of Directors on July 20, 2004. The repurchases were made using our cash resources. Our Board of Directors had previously approved a program to repurchase shares of our common stock. Under these repurchase plans, we have made the following share repurchases:
| (share amounts in millions, dollars in billions) |
|
| Fiscal year |
2006 (1) |
|
2005 (1) |
|
2004 |
|
| |
Shares |
|
Amount |
|
Shares |
|
Amount |
|
Shares |
|
Amount |
|
| First quarter |
114.1 |
|
$3.0 |
|
22.8 |
|
$0.6 |
|
43.3 |
|
$1.2 |
| Second quarter |
283.1 |
|
7.7 |
|
23.6 |
|
0.7 |
|
30.5 |
|
0.8 |
| Third quarter |
180.7 |
|
4.9 |
|
95.1 |
|
2.4 |
|
49.9 |
|
1.4 |
| Fourth quarter |
175.6 |
|
4.1 |
|
170.7 |
|
4.3 |
|
– |
|
– |
| Total |
753.5 |
|
$19.7 |
|
312.2 |
|
$8.0 |
|
123.7 |
|
$3.4 |
| (1) |
All amounts repurchased in fiscal year 2005 and in fiscal year 2006 were repurchased under the repurchase plan approved by our Board of Directors on July 20, 2004. |
In fiscal year 2006, our Board of Directors declared the following dividends:
| |
| Declaration Date |
Dividend
Per share
|
|
Date of record |
|
Total amount
(in millions) |
|
Payment date |
|
| September 23, 2005 |
$0.08 |
|
November 17, 2005 |
|
$00,846) |
|
December 8, 2005 |
| December 14, 2005 |
0.09 |
|
February 17, 2006 |
|
926) |
|
March 9, 2006 |
| March 27, 2006 |
0.09 |
|
May 17, 2006 |
|
916) |
|
June 8, 2006 |
| June 21, 2006 |
0.09 |
|
August 17,2006 |
|
906(1) |
|
September 14, 2006 |
| (1) |
The dividend declared on June 21, 2006 will be paid after the filing date of this report on Form 10-K and was included in other current liabilities as of June 30, 2006. |
| In fiscal year 2005, our Board of Directors declared the following dividends: |
| Declaration Date |
Dividend
Per share |
|
Date of record |
|
Total amount
(in millions) |
|
Payment date |
|
| July 20, 2004 |
$0.08 |
|
August 25, 2004 |
|
$00,870) |
|
September 14, 2004 |
| July 20, 2004 |
3.00 |
|
November 17, 2004 |
|
32,640) |
|
December 2, 2004 |
| September 15, 2004 |
0.08 |
|
November 17, 2004 |
|
871) |
|
December 2, 2004 |
| December 8, 2004 |
0.08 |
|
February 17, 2005 |
|
868) |
|
March 10, 2005 |
| March 23, 2005 |
0.08 |
|
May 18, 2005 |
|
860) |
|
June 9, 2005 |
| June 15, 2005 |
0.08 |
|
August 17,2005 |
|
857(1) |
|
September 8, 2005 |
| (1) |
The dividend declared on June 15, 2005 was included in other current liabilities as of June 30, 2005. |
|
|
