Microsoft Corporation

Balance Sheet
in thousands
6/29/2022 6/29/2021 6/29/2020
Current assets
Cash and cash equivalents 13,931,000 14,224,000 13,576,000
Other short term investments 90,818,000 116,110,000 122,951,000
Accounts receivable 44,894,000 38,794,000 32,799,000
(Less allowance for uncollectible A/R) (633,000) (751,000) (788,000)
Other receivables
Inventory 3,742,000 2,636,000 1,895,000
Other current assets 16,932,000 13,393,000 11,482,000
Total current assets 169,684,000 184,406,000 181,915,000

Fixed assets
Property, plant and equipment 87,546,000 70,803,000 52,904,000
Investments 6,891,000 5,984,000 2,965,000
Goodwill and intangible assets 78,822,000 57,511,000 50,389,000
Other non-current assets 21,897,000 15,075,000 13,138,000
Total fixed assets 195,156,000 149,373,000 119,396,000

Total assets 364,840,000 333,779,000 301,311,000

Current liabilities
Accounts payable 23,067,000 17,337,000 14,660,000
Pension benefit plan 10,661,000 10,057,000 7,874,000
Current debt 2,749,000 8,072,000 3,749,000
Current deferred revenues 45,538,000 41,525,000 36,000,000
Other current liabilities 13,067,000 11,666,000 10,027,000
Total current liabilities 95,082,000 88,657,000 72,310,000
Noncurrent liabilities
Long term debt 58,521,000 59,703,000 67,249,000
Deferred liabilities 3,100,000 2,814,000 3,384,000
Trade and other payables non-current 26,069,000 27,190,000 29,432,000
Other non-currrent liabilities 15,526,000 13,427,000 10,632,000
Total noncurrent liabilities 103,216,000 103,134,000 110,697,000
Total liabilities 198,298,000 191,791,000 183,007,000
Stockholders' equity
Common stock 86,939,000 83,111,000 80,552,000
Additional paid-in capital
Retained earnings 84,281,000 57,055,000 34,566,000
Treasury stock
Gain/losses not affecting retained earnings (4,678,000) 1,822,000 3,186,000
Total stockholders' equity 166,542,000 141,988,000 118,304,000
Total liabilities and stockholders' equity 364,840,000 333,779,000 301,311,000

- - -
 Microsoft Corporation
Income statement
in thousands
6/29/2019 6/29/2022 6/29/2021
Sales 198,270,000 168,088,000
11,356,000 Cost of goods sold 62,650,000 52,232,000
122,463,000 Gross profit 135,620,000 115,856,000
29,935,000 Operating expenses 52,237,000 45,940,000
(411,000) Operating income/loss 83,383,000 69,916,000
Interest expense 215,000
2,063,000 Interest income 31,000
10,146,000 Other non-operating income/expense 302,000 1,401,000
175,552,000 Income before income tax 83,716,000 71,102,000
Income tax expense 10,978,000 9,831,000
Net income 72,738,000 61,271,000
43,856,000
2,649,000
49,776,000
14,723,000 Outstanding shares 7,496,000 7,547,000
111,004,000 Dividend per share
Dividend pay 18,135,000 16,521,000
286,556,000 Current market, $/share $ 258.98 $ 267.88

15,047,000
6,830,000
5,516,000
32,676,000
9,351,000
69,420,000

72,850,000
4,763,000
29,612,000
7,581,000
114,806,000
184,226,000

78,520,000

24,150,000

(340,000)
102,330,000
286,556,000

-
 6/29/2020 6/29/2019
143,015,000 125,843,000
46,078,000 42,910,000
96,937,000 82,933,000
43,978,000 39,974,000
52,959,000 42,959,000

89,000 76,000
(12,000) 653,000
53,036,000 43,688,000
8,755,000 4,448,000
44,281,000 39,240,000

7,610,000 7,673,000

15,137,000 13,811,000
$ 193.99 $ 131.02
Tesla, Inc
Balance Sheet
in thousands
12/30/2021 12/30/2020 12/30/2019
Current assets
Cash and cash equivalents 36,220,000 42,122,000 36,092,000
Other short term investments 59,829,000 42,274,000 18,929,000
Accounts receivable 33,891,000 25,542,000 21,534,000
(Less allowance for uncollectible A/R) (1,000,000) (1,000,000) (718,000)
Other receivables
Inventory 32,640,000 23,795,000 20,497,000
Other current assets
Total current assets 161,580,000 132,733,000 96,334,000

Fixed assets
Property, plant and equipment 216,363,000 150,667,000 97,846,000
Investments 22,128,000 17,797,000 12,265,000
Goodwill and intangible assets 20,478,000 19,998,000 18,803,000
Total fixed assets 258,969,000 188,462,000 128,914,000

Total assets 420,549,000 321,195,000 225,248,000

Current liabilities
Accounts payable 130,439,000 116,677,000 79,622,000
Current debt
Current deferred revenues 11,827,000 9,708,000 8,190,000
Other current liabilities
Total current liabilities 142,266,000 126,385,000 87,812,000
Noncurrent liabilities
Long term debt 116,395,000 84,389,000 63,205,000
Trade and other payables non-current
Other non-currrent liabilities 23,643,000 17,017,000 12,171,000
Total noncurrent liabilities 140,038,000 101,406,000 75,376,000
Total liabilities 282,304,000 227,791,000 163,188,000
Stockholders' equity
Common stock 5,000 5,000 5,000
Additional paid-in capital 55,538,000 42,865,000 33,658,000
Retained earnings 85,915,000 52,551,000 31,220,000
Treasury stock (1,837,000) (1,837,000) (1,837,000)
Gain/losses not affecting retained earnings (1,376,000) (180,000) (986,000)
Total stockholders' equity 138,245,000 93,404,000 62,060,000

Total liabilities and stockholders' equity 420,549,000 321,195,000 225,248,000

- - -
 Tesla, Inc
Income statement
in thousands
12/30/2018 12/30/2021 12/30/2020
Sales 53,823,000 31,536,000
31,750,000 Cost of goods sold 40,217,000 24,906,000
9,500,000 Gross profit 13,606,000 6,630,000
17,172,000 Operating expenses 7,110,000 4,636,000
(495,000) Operating income/loss 6,496,000 1,994,000
Interest expense 315,000 840,000
17,174,000 Interest income 162,000
Income before income tax 6,343,000 1,154,000
75,101,000 Income tax expense 699,000 292,000
Net income 5,644,000 862,000

61,797,000
7,092,000
18,658,000
87,547,000 Outstanding shares 2,958,000 2,880,000
Dividend per share
162,648,000 Dividend pay
Current market, $/share $ 352.26 $ 235.22

61,855,000

6,536,000

68,391,000

39,787,000

10,921,000
50,708,000
119,099,000

5,000
26,791,000
19,625,000
(1,837,000)
(1,035,000)
43,549,000

162,648,000

-
12/30/2019 12/30/2018
24,578,000 21,461,268
20,509,000 17,419,247
4,069,000 4,042,021
3,989,000 4,294,861
80,000 (252,840)
745,000 751,905

(665,000) (1,004,745)
110,000 57,837
(775,000) (1,062,582)

2,655,000 2,557,875

$ 27.89 $ 22.19
Amazon, Inc
Balance Sheet
in thousands
12/30/2021 12/30/2020 12/30/2019
Current assets
Cash and cash equivalents 36,220,000 42,122,000 36,092,000
Other short term investments 59,829,000 42,274,000 18,929,000
Accounts receivable 33,891,000 25,542,000 21,534,000
(Less allowance for uncollectible A/R) (1,000,000) (1,000,000) (718,000)
Other receivables
Inventory 32,640,000 23,795,000 20,497,000
Other current assets
Total current assets 161,580,000 132,733,000 96,334,000

Fixed assets
Property, plant and equipment 216,363,000 150,667,000 97,846,000
Investments 22,128,000 17,797,000 12,265,000
Goodwill and intangible assets 20,478,000 19,998,000 18,803,000
Total fixed assets 258,969,000 188,462,000 128,914,000

Total assets 420,549,000 321,195,000 225,248,000

Current liabilities
Accounts payable 130,439,000 116,677,000 79,622,000
Current debt
Current deferred revenues 11,827,000 9,708,000 8,190,000
Other current liabilities
Total current liabilities 142,266,000 126,385,000 87,812,000
Noncurrent liabilities
Long term debt 116,395,000 84,389,000 63,205,000
Trade and other payables non-current
Other non-currrent liabilities 23,643,000 17,017,000 12,171,000
Total noncurrent liabilities 140,038,000 101,406,000 75,376,000
Total liabilities 282,304,000 227,791,000 163,188,000
Stockholders' equity
Common stock 5,000 5,000 5,000
Additional paid-in capital 55,538,000 42,865,000 33,658,000
Retained earnings 85,915,000 52,551,000 31,220,000
Treasury stock (1,837,000) (1,837,000) (1,837,000)
Gain/losses not affecting retained earnings (1,376,000) (180,000) (986,000)
Total stockholders' equity 138,245,000 93,404,000 62,060,000

Total liabilities and stockholders' equity 420,549,000 321,195,000 225,248,000

- - -
 Amazon, Inc
Income statement
in thousands
12/30/2018 12/30/2021 12/30/2020
Sales 469,822,000 386,064,000
31,750,000 Cost of goods sold 403,507,000 334,564,000
9,500,000 Gross profit 66,315,000 51,500,000
17,172,000 Operating expenses 41,436,000 28,601,000
(495,000) Operating income/loss 24,879,000 22,899,000
Interest expense 1,361,000 1,092,000
17,174,000 Interest income 14,637,000 2,387,000
Income before income tax 38,155,000 24,194,000
75,101,000 Income tax expense 4,791,000 2,863,000
Net income 33,364,000 21,331,000

61,797,000
7,092,000
18,658,000
87,547,000 Outstanding shares 10,640,000 10,540,000
Dividend per share
162,648,000 Dividend pay
Current market, $/share $ 166.72 $ 162.85

61,855,000

6,536,000

68,391,000

39,787,000

10,921,000
50,708,000
119,099,000

5,000
26,791,000
19,625,000
(1,837,000)
(1,035,000)
43,549,000

162,648,000

-
12/30/2019 12/30/2018
280,522,000 232,887,000
241,699,000 202,020,000
38,823,000 30,867,000
24,282,000 18,446,000
14,541,000 12,421,000
768,000 1,160,000
189,000 9,000
13,962,000 11,270,000
2,374,000 1,197,000
11,588,000 10,073,000

10,420,000 10,280,000

$ 92.39 $ 75.10
Apple, Inc
Balance Sheet
in thousands
9/29/2022 9/29/2021 9/29/2020
Current assets
Cash and cash equivalents 48,304,000 62,639,000 90,943,000
Accounts receivable 28,184,000 26,278,000 16,120,000
Other receivables 32,748,000 25,228,000 21,325,000
Inventory 4,946,000 6,580,000 4,061,000
Other current assets 21,223,000 14,111,000 11,264,000
Total current assets 135,405,000 134,836,000 143,713,000

Fixed assets
Property, plant and equipment 42,117,000 39,440,000 36,766,000
Investments 120,805,000 127,877,000 100,887,000
Goodwill and intangible assets 54,428,000 48,849,000 42,522,000
Total fixed assets 217,350,000 216,166,000 180,175,000

Total assets 352,755,000 351,002,000 323,888,000

Current liabilities
Accounts payable 64,115,000 54,763,000 42,296,000
Current debt 21,110,000 15,613,000 13,769,000
Current deferred revenues 7,912,000 7,612,000 6,643,000
Other current liabilities 60,845,000 47,493,000 42,684,000
Total current liabilities 153,982,000 125,481,000 105,392,000
Noncurrent liabilities
Long term debt 98,959,000 109,106,000 98,667,000
Trade and other payables non-current 16,657,000 24,689,000 28,170,000
Other non-currrent liabilities 32,485,000 28,636,000 26,320,000
Total noncurrent liabilities 148,101,000 162,431,000 153,157,000
Total liabilities 302,083,000 287,912,000 258,549,000
Stockholders' equity
Common stock 64,849,000 57,365,000 50,779,000
Retained earnings (3,068,000) 5,562,000 14,966,000
Gain/losses not affecting retained earnings (11,109,000) 163,000 (406,000)
Total stockholders' equity 50,672,000 63,090,000 65,339,000

Total liabilities and stockholders' equity 352,755,000 351,002,000 323,888,000

 Apple, Inc
Income statement
in thousands
9/29/2019 9/29/2022 9/29/2021
Sales 394,328,000 365,817,000
100,557,000 Cost of goods sold 223,546,000 212,981,000
22,926,000 Gross profit 170,782,000 152,836,000
22,878,000 Operating expenses 51,345,000 43,887,000
4,106,000 Operating income/loss 119,437,000 108,949,000
12,352,000 Interest expense 334,000 -
162,819,000 Interest income - 258,000
Income before income tax 119,103,000 109,207,000
Income tax expense 19,300,000 14,527,000
37,378,000 Net income 99,803,000 94,680,000
105,341,000
32,978,000
175,697,000

338,516,000 Outstanding shares 15,943,425 16,426,786

Dividend per share
Dividend pay 14,841,000 14,467,000
46,236,000 Current market, $/share $ 142.48 $ 142.83
16,240,000
5,522,000
37,720,000
105,718,000

91,807,000
29,545,000
20,958,000
142,310,000
248,028,000

45,174,000
45,898,000
(584,000)
90,488,000

338,516,000
9/29/2020 9/29/2019
274,515,000 260,174,000
169,559,000 161,782,000
104,956,000 98,392,000
38,668,000 34,462,000
66,288,000 63,930,000
-
803,000 1,807,000
67,091,000 65,737,000
9,680,000 10,481,000
57,411,000 55,256,000

16,976,763 17,772,944

14,081,000 14,119,000
$ 114.09 $ 55.99
 9/29/2022 9/29/2021 9/29/2020 9/29/2019
Sales 394,328,000 365,817,000 274,515,000 260,174,000
COGS 223,546,000 212,981,000 169,559,000 161,782,000
Gross profit 170,782,000 152,836,000 104,956,000 98,392,000
Gross profit margin 43.31% 41.78% 38.23% 37.82%

Trend analysis
450,000,000

400,000,000

350,000,000

300,000,000

250,000,000

200,000,000

150,000,000

100,000,000

50,000,000

-
1/1/2019 1/1/2020 1/1/2021

Sales COGS Gross profit Gross profit margin

sis
44.00%

43.00%

42.00%

41.00%

40.00%

39.00%

38.00%

37.00%

36.00%

35.00%
1/1/2021 1/1/2022

t Gross profit margin

To assess the company's ability to meet ist short-term obligations

Current Assets
Current ratio
Current Liabilities

Cash + ST marketable securities+Net receivables

Quick (acid test) ratio
Current Liabilities

Current assets - prepaid expenses - inventory

Alternatively
Current Liabilities

Cash + Marketable securities

Cash ratio
Current Liabilities

Net working capital Current Assets - Current liabilities

Net working capital

Net working capital to total assets
Total assets

Current assets
Interval measure
Average daily operating costs
 2021 2022

135,405,000 #NAME? higher better

0.88 ###
153,982,000 #NAME?

#NAME? #NAME? for each dollar that I owe to my creditors

#NAME? ###
153,982,000 #NAME? I have 70 cents in quick money

109,236,000 #NAME?
0.71 ###
153,982,000 #NAME?

#NAME? #NAME? a very short term creditor is interested

#NAME? ###
153,982,000 #NAME?

(18,577,000) #NAME?

(18,577,000) #NAME?
(0.05) ###
352,755,000 #NAME?

135,405,000 #NAME? how long could the business keep runing? (strike, force majuere, e
221.09 ###
612,455 #NAME?
(strike, force majuere, etc)
 COGS
Inventory turnover
Inventory

365 days
Days' sales in inventory
Inventory turnover

Sales
Receivables turnover
Accounts recievable

365 days
Days' sales in in receivables
Receivable turnover

COGS
Payables turnover
Accounts payable

365 days
Days' payables in purchases
Payables turnover

Sales
NWC turnover
NWC

Sales
Fixed asssets turnover
Fixed assets

Sales
Total asset turnover
Total assets
 2021 2022

223,546,000 #NAME? how efficiently we manage inventory

45.20 #NAME?
4,946,000 #NAME?

365 365
8.08 #NAME?
45.20 #NAME?

394,328,000 #NAME? how efficiently we manage receivables

#NAME? #NAME?
#NAME? #NAME?

365 365 (ACP) average collection period

#NAME? #NAME?
#NAME? #NAME?

223,546,000 #NAME?
3.49 #NAME?
64,115,000 #NAME?

365 365
104.69 #NAME?
3 #NAME?

394,328,000 #NAME? how efficiently we use our NWC

(21.23) #NAME?
(18,577,000) #NAME?

394,328,000 #NAME?
1.81 #NAME?
217,350,000 #NAME?

394,328,000 #NAME?
1.12 #NAME?
352,755,000 #NAME?
 2021 2022

Total Debt ### #NAME?

Total debt ratio 0.86
Total assets ### #NAME?

Total Debt ### #NAME?

Debt-equity ratio 5.96
Total Equity 50,672,000 #NAME?

Total Assets ### #NAME?

Equity multiplier 6.96
Total Equity 50,672,000 #NAME?

Long-term debt ### #NAME?

Long-term debt ratio 0.75
Total Equity+Long-term debt ### #NAME?

EBIT ### #NAME?

Times interest earned 357.60
Interest 334,000 #NAME?

EBIT + Depreciation #NAME? #NAME?

Cash coverage #NAME?
Interest 334,000 #NAME?
2022

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?

#NAME?
 2021

Net income 99,803,000

Profit margin
Sales 394,328,000

Net income 99,803,000

Return on assets (ROA)
Total assets 352,755,000

Net income 99,803,000

Return on eqity (ROE)
Total equity 50,672,000

ROE Net income x Assets Net income

= X
Total equity x Assets Assets

Sales
= X
Sales

Du Pont identity
2021 2022

#NAME?
0.25 #NAME?
#NAME?

#NAME?
0.28 #NAME?
#NAME?

#NAME?
1.97 #NAME?
#NAME?

Assets
= ROA X Equity multiplier
Total equity

Net income Assets Net income Sales Assets

X = X X
Assets Total equity Sales Assets Total equity

Profit Margin X Asset turnover X Equity multiplier

 2021 2022

Net income 99,803,000 #NAME?

EPS (earnings per share) #NAME? #NAME?
Shares outstanding #NAME? #NAME?

Price per share 142.48 #NAME?

PE (price to earnings) #NAME? #NAME?
EPS #NAME? #NAME?