Earnings Release FY23 Q2

Balance Sheets
(In millions) (Unaudited)
(In millions) (Unaudited)		December 31, 2022	June 30, 2022
	Assets
	Current assets:
	Cash and cash equivalents	$ 15,646	$ 13,931
	Short-term investments	83,862	90,826
	Total cash, cash equivalents, and short-term investments	99,508	104,757
	Accounts receivable, net of allowance for doubtful accounts of $485 and $633	35,833	44,261
	Inventories	2,980	3,742
	Other current assets	19,502	16,924
	Total current assets	157,823	169,684
	Property and equipment, net of accumulated depreciation of $63,459 and $59,660	82,755	74,398
	Operating lease right-of-use assets	13,624	13,148
	Equity investments	7,097	6,891
	Goodwill	67,905	67,524
	Intangible assets, net	10,354	11,298
	Other long-term assets	24,994	21,897
	Total assets	$ 364,552	$ 364,840
	Liabilities and stockholders' equity
	Current liabilities:
	Accounts payable	$ 15,354	$ 19,000
	Current portion of long-term debt	3,997	2,749
	Accrued compensation	9,030	10,661
	Short-term income taxes	3,553	4,067
	Short-term unearned revenue	36,982	45,538
	Other current liabilities	12,802	13,067
	Total current liabilities	81,718	95,082
	Long-term debt	44,119	47,032
	Long-term income taxes	24,169	26,069
	Long-term unearned revenue	2,644	2,870
	Deferred income taxes	289	230
	Operating lease liabilities	11,998	11,489
	Other long-term liabilities	16,479	15,526
	Total liabilities	181,416	198,298
	Commitments and contingencies
	Stockholders' equity:
	Common stock and paid-in capital - shares authorized 24,000; outstanding 7,447 and 7,464	90,225	86,939
	Retained earnings	99,368	84,281
	Accumulated other comprehensive loss	(6,457)	(4,678)
	Total stockholders' equity	183,136	166,542
	Total liabilities and stockholders' equity	$ 364,552	$ 364,840

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