Microsoft (MSFT) 10-K2017 FY Annual report

Filed: 2 Aug 17, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: AI, al, artificial, Atlantic, Barovic, Bluetooth, Carlo, carryforward, constrained, creative, creator, department, dormant, en, ESA, footage, gaze, GDPR, history, imputed, inability, induce, infrared, infused, ingenuity, inter, Laptop, listen, love, LSP, mechanism, Mixer, modular, Monte, multitude, nationalist, nondeductible, Oath, offline, onboarding, output, overpayment, percent, pervasive, predecessor, properly, PSU, realigning, redefine, remanded, remanding, restrain, ROU, sensitive, Shield, simple, teamwork, tentative, Threat, traditional, transcend, unbilled, upfront, Verizon, workplace

Removed: accompany, aim, allegedly, alliance, appealed, began, breadth, bringing, builder, bundled, cable, carry, CDW, created, customization, Denmark, differentiate, doubled, elimination, Excel, factory, family, faster, Finland, fit, House, importation, Ingram, inInternal, invalidated, jointly, leaving, mapping, Micro, noncancellable, OneNote, operator, partial, partially, PowerPoint, recasting, referred, reinventing, replaced, resale, rest, retroactive, scrutinized, seeking, simplify, structured, subscriber, subset, supported, Tech, telephone, terminated, uncollectible, undiscounted, unify, Word, XP

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

MSFT similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(In millions, except ratios)


Year Ended June 30,	2017			2016			2015			2014			2013

Earnings ^(a)
Earnings from continuing operations before income taxes	$	23,149		$	19,751		$	18,507		$	27,820		$	27,052
Add: Fixed charges		2,324			1,326			867			674			489
Add: Cash distributions from equity method investments		12			12			1			54			71
Subtract: Loss from equity method investments		(14	)		(25	)		(78	)		(152	)		(99	)


Total Earnings	$	25,499		$	21,114		$	19,453		$	28,700		$	27,711


Fixed Charges ^(b)
Interest expense	$	2,141		$	1,185		$	756		$	577		$	394
Capitalized debt related expenses		81			58			25			20			35
Interest component of rental expense		102			82			86			77			60


Total Fixed Charges	$	2,324		$	1,325		$	867		$	674		$	489


Ratio of Earnings to Fixed Charges		11			16			22			43			57

(a)	Earnings represent earnings from continuing operations before income taxes and before income (losses) from equity method investments plus: (1) fixed charges; and (2) cash distributions from equity method investments.

(b)	Fixed charges include: (1) interest expense; (2) capitalized debt issuance costs; and (3) the portion of operating rental expense which management believes is representative of the interest component of rental expense.