Excluding the impact of the fiscal year 2021 change in accounting estimate for the useful lives of our server and network equipment, gross margin percentage increased 1 point driven by improvement in Productivity and Business Processes. m sand plant project report. Enter the email address you signed up with and we'll email you a reset link. We are accelerating our development of mixed reality solutions with new Azure services and devices. In January 2020, we announced a bold commitment and detailed plan to be carbon negative by 2030, and to remove from the environment by 2050 all the carbon we have emitted since our founding in 1975. We repurchased the following shares of common stock under the share repurchase programs: All repurchases were made using cash resources. (392) This report includes estimates, projections, statements relating to our business plans, objectives, and expected operating results that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. The following Managements Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is intended to help the reader understand the results of operations and financial condition of Microsoft Corporation. We have determined that certain sales incentive programs meet the requirements to be capitalized. Each industry shift is an opportunity to conceive new products, new technologies, or new ideas that can further transform the industry and our business. We believe learning can be more than formal instruction, and our learning philosophy focuses on providing the right learning, at the right time, in the right way. To foster their and our success, we seek to create an environment where people can thrive, where they can do their best work, where they can proudly be their authentic selves, guided by our values, and where they know their needs can be met. This change in accounting estimate will be effective beginning fiscal year 2023. Dear shareholders, colleagues, customers, and partners: We are living through a period of historic economic, societal, and geopolitical change. Refer to Risk Factors in our fiscal year 2022 Form 10-K for a discussion of these factors and other risks. The investments we make in sustainability carry through to our products, services, and devices. Our platforms and tools help drive small business productivity, large business competitiveness, and public-sector efficiency. We believe our server products provide customers with advantages in performance, total costs of ownership, and productivity by delivering superior applications, development tools, compatibility with a broad base of hardware and software applications, security, and manageability. Super Responsive Supply Chain: The Case of Spanish Fast Fashion Retailer Inditex-Zara. Enter the email address you signed up with and we'll email you a reset link. In the past year, weve made many of our most popular titles accessible on phones, tablets, TVs, and low-spec PCs for the first time. 2020 They sell in 202 markets through their online platforms and their over 7,000 stores in 96 markets. Gains and losses from changes in fair values of derivatives that are not designated as hedging instruments are primarily recognized in other income (expense), net. The majority of our foreign net operating loss carryforwards do not expire. They also support new startups, improve educational and health outcomes, and empower human ingenuity. We have broadened our approach to how we think about gaming end-to-end, from the way games are created and distributed to how they are played, including cloud gaming so players can stream across PC, console, and mobile. The following table outlines the expected future recognition of unearned revenue as of June 30, 2022: If our customers choose to license cloud-based versions of our products and services rather than licensing transaction-based products and services, the associated revenue will shift from being recognized at the time of the transaction to being recognized over the subscription period or upon consumption, as applicable. Server products revenue increased 5% driven by hybrid solutions, including Windows Server and SQL Server running in multi-cloud environments. Lead Independent Director, The accounting for changes in the fair value of a derivative depends on the intended use of the derivative and the resulting designation. Cash from operations increased $12.3 billion to $89.0 billion for fiscal year 2022, mainly due to an increase in cash received from customers, offset in part by an increase in cash paid to suppliers and employees. The decrease in our effective tax rate for fiscal year 2021 compared to fiscal year 2020 was primarily due to tax benefits from the India Supreme Court decision on withholding taxes, an agreement between the U.S. and India tax authorities related to transfer pricing, final TCJA regulations, and an increase in tax benefits relating to stock-based compensation. Because of its inherent limitations, internal control over financial reporting is not intended to provide absolute assurance that a misstatement of our consolidated financial statements would be prevented or detected. The estimates used to calculate the fair value of a reporting unit change from year to year based on operating results, market conditions, and other factors. We purchased the removal of 1.4 million metrics tons of carbon. The invasion of Ukraine by Russia has upended . Securities held in our equity investments portfolio are subject to price risk. Our exclusive game content is created through Xbox Game Studios, a collection of first-party studios creating iconic and differentiated gaming experiences. Our family of products plays a key role in the ways the world works, learns, and connects. In the third quarter of fiscal year 2022, we completed our acquisition of Nuance. In fiscal years 2022, 2021, and 2020, our foreign regional operating centers in Ireland and Puerto Rico, which are taxed at rates lower than the U.S. rate, generated 71%, 82%, and 86% of our foreign income before tax. Opinion on Internal Control over Financial Reporting. We intend to continue returning capital to shareholders in the form of dividends, subject to declaration by our Board of Directors. Azure and other cloud services revenue includes Nuance cloud services, and Server products revenue includes Nuance on-premises offerings. (35) 250 9 33 We believe Windows competes effectively by giving customers choice, value, flexibility, security, an easy-to-use interface, and compatibility with a broad range of hardware and software applications, including those that enable productivity. Although management currently believes that resolving claims against us, individually or in aggregate, will not have a material adverse impact in our consolidated financial statements, these matters are subject to inherent uncertainties and managements view of these matters may change in the future. Our commercial business primarily consists of Server products and cloud services, Office Commercial, Windows Commercial, the commercial portion of LinkedIn, Enterprise Services, and Dynamics. We are 90 percent of the way to our 2025 commitment to double the number of Black and African American people managers, senior individual contributors, and senior leaders in the U.S., and 50 percent of the way for Hispanic and Latinx people managers, senior individual contributors, and senior leaders in the U.S. We exceeded our goal on increasing the percentage of transaction volumes with Black- and African American-owned financial institutions and increased our deposits with Black- and African American-owned minority depository institutions, enabling increased funds into local communities. Stock-based compensation expense and related income tax benefits were as follows: Stock awards entitle the holder to receive shares of Microsoft common stock as the award vests. Our products include operating systems, cross-device productivity and collaboration applications, server applications, business solution applications, desktop and server management tools, software development tools, and video games. Any change in the goodwill amounts resulting from foreign currency translations and purchase accounting adjustments are presented as Other in the table above. Operating expenses increased $2.0 billion or 11% driven by investments in LinkedIn and cloud engineering. Cash paid for interest on our debt for fiscal years 2022, 2021, and 2020 was $1.9 billion, $2.0 billion, and $2.4 billion, respectively. Select a year 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 Office 365 Commercial revenue grew 18% driven by seat growth of 14%, with continued momentum in small and medium business and frontline worker offerings, as well as growth in revenue per user. Fiscal year 2021 was a year of both successes and challenges. President, Wells Fargo & Company. Managers evaluate and recommend rewards based on, for example, how well we leverage the work of others and contribute to the success of our colleagues. Making a difference in the lives of each other, our customers, and the world around us. (1,090) 3,243 7 3,250 4 General Partner, Greylock Partners, Penny S. Pritzker 4 Against the backdrop of financial uncertainty and rising costs, we made major strategic investments towards greater affordability . COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN* In addition, we consider specific adverse conditions related to the financial health of, and business outlook for, the investee. The fair value of stock awards vested was $14.1 billion, $13.4 billion, and $10.1 billion, for fiscal years 2022, 2021, and 2020, respectively. Other comprehensive income (loss), net of tax: Total cash, cash equivalents, and short-term investments, Accounts receivable, net of allowance for doubtful accounts of, Property and equipment, net of accumulated depreciation of, Common stock and paid-in capital shares authorized 24,000; outstanding, Accumulated other comprehensive income (loss), Total liabilities and stockholders equity. Mar 21, 2022 Zara, which includes the Zara Home segment, had the highest net sales of the Inditex Group worldwide in 2021, amounting to just under 20 billion euros. Inditex has reached its limit for free report views. As of June 30, 2022 and 2021, accumulated goodwill impairment was $11.3 billion. Server software is integrated server infrastructure and middleware designed to support software applications built on the Windows Server operating system. Organizations purchase perpetual licenses or subscribe to licenses. The fair value of stock awards is based on the quoted price of our common stock on the grant date less the present value of expected dividends not received during the vesting period. In its operation of the business, management, including our chief operating decision maker, who is also our Chief Executive Officer, reviews certain financial information, including segmented internal profit and loss statements prepared on a basis not consistent with GAAP. Our hardware is generally highly dependent on, and interrelated with, the underlying operating system and cannot function without the operating system. 8 We review debt investments quarterly for credit losses and impairment. The acquisition has been approved by Activision Blizzards shareholders, and we expect it to close in fiscal year 2023, subject to the satisfaction of certain regulatory approvals and other customary closing conditions. Across our customer solution areas, we are delivering powerful platforms, tools, and services that expand our opportunity to help every organization in every industry deliver on the digital imperativewith a business model that is trusted and always aligned with their success. Investigaciones Geogrficas, Boletn del Instituto de Geografa, UNAM, Annamma Joy, Alladi Venkatesh, Jake Storrs. Annual General Meeting Recordings - 2022. Business Responsibility & Sustainability Report. Revenue related to cloud services provided on a consumption basis, such as the amount of storage used in a period, is recognized based on the customer utilization of such resources. Collaborating with our shareholders, allies in transformation, 5.4. If our review indicates a reduction in utility below carrying value, we reduce our inventory to a new cost basis through a charge to cost of revenue. Forward-looking statements may appear throughout this report, including the following sections: Business in our fiscal year 2022 Form 10-K and Managements Discussion and Analysis of Financial Condition and Results of Operations in our fiscal year 2022 Form 10-K. LinkedIn connects the worlds professionals to make them more productive and successful and transforms the way companies hire, market, sell, and learn. Operating leases are included in operating lease right-of-use (ROU) assets, other current liabilities, and operating lease liabilities in our consolidated balance sheets. During fiscal year 2022, our Board of Directors declared quarterly dividends of $0.62 per share. (19) 74 Constraints in the supply chain of device components. We remain under audit for tax years 2004 to 2017. To meet the expectations of our stakeholders and to and maintain their trust, we are committed to conducting our business in ways that are principled, transparent, and accountable and we have made a broad range of environmental and social commitments. 19 Compliance Certificate under SEBI (Share Based Employee Benefits and Sweat Equity Regulation), 2021. Due to the various benefits from and the nature of our SA program, judgment is required to assess the pattern of delivery, including the exercise pattern of certain benefits across our portfolio of customers. Operating income increased $13.5 billion or 19% driven by growth across each of our segments. We strive to make computing more personal by putting people at the core of the experience, enabling them to interact with technology in more intuitive, engaging, and dynamic ways. Growth of our Gaming business is determined by the overall active user base through Xbox enabled content, availability of games, providing exclusive game content that gamers seek, the computational power and reliability of the devices used to access our content and services, and the ability to create new experiences through first-party content creators. 25 Critical accounting estimates are those estimates that involve a significant level of estimation uncertainty and could have a material impact on our financial condition or results of operations. Microsoft Mobile Oy, a subsidiary of Microsoft, along with other handset manufacturers and network operators, is a defendant in 46 lawsuits, including 45 lawsuits filed in the Superior Court for the District of Columbia by individual plaintiffs who allege that radio emissions from cellular handsets caused their brain tumors and other adverse health effects. The objectives of accounting for income taxes are to recognize the amount of taxes payable or refundable for the current year, and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in an entitys financial statements or tax returns. 2021-22 Annual report. The pattern of delivery (i.e., timing of when revenue is recognized) for each distinct performance obligation. 2023 Copyright, Zara Investment Holding - All Rights Reserved. More Personal Computing revenue increased driven by Search and news advertising and Windows. GitHub provides a collaboration platform and code hosting service for developers. Sales and marketing expenses include payroll, employee benefits, stock-based compensation expense, and other headcount-related expenses associated with sales and marketing personnel, and the costs of advertising, promotions, trade shows, seminars, and other programs. differences 91 Net recognized gains (losses) on debt investments were as follows: Net recognized gains (losses) on equity investments were as follows: The components of investments were as follows: Equity investments presented as Other in the tables above include investments without readily determinable fair values measured using the equity method or measured at cost with adjustments for observable changes in price or impairments, and investments measured at fair value using net asset value as a practical expedient which are not categorized in the fair value hierarchy. As described in our 2021 Proxy Statement, annual performance and compensation reviews of our senior leadership team include an evaluation of their contributions to employee culture and diversity. As of June 30, 2022, $40.7 billion remained of our $60 billion share repurchase program. Our server products are designed to make IT professionals, developers, and their systems more productive and efficient. You can download the paper by clicking the button above. Devices face competition from various computer, tablet, and hardware manufacturers who offer a unique combination of high-quality industrial design and innovative technologies across various price points. Progress toward our zero waste commitment included diverting more than 15,200 metric tons of solid waste otherwise headed to landfills and incinerators, as well as launching new Circular Centers to increase reuse and reduce e-waste at our datacenters. Inditex. For all the uncertainty in the world, one thing is clear: People and organizations in every industry are increasingly looking to digital technology to overcome todays challenges and emerge stronger. Netflix chose us this summer as its exclusive technology and sales partner for its first ad-supported subscription offering, a validation of the differentiated value we provide to publishers looking for a flexible partner to build and innovate with them. We perform a qualitative assessment on a periodic basis and recognize an impairment if there are sufficient indicators that the fair value of the investment is less than carrying value. We are enabling metaverse experiences at all layers of our stack, so customers can more effectively model, automate, simulate, and predict changes within their industrial environments, feel a greater sense of presence in the new world of hybrid work, and create custom immersive worlds to enable new opportunities for connection and experimentation. Gaming revenue increased $860 million or 6% on a strong prior year comparable that benefited from Xbox Series X|S launches and stay-at-home scenarios, driven by growth in Xbox hardware and Xbox content and services. Annual Report 2021-22 (Double page) Annual Return 2021-22. We distribute our retail packaged products primarily through independent non-exclusive distributors, authorized replicators, resellers, and retail outlets. Fiscal Year 2016 Annual Report. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions. Academia.edu no longer supports Internet Explorer. Determination of stand-alone selling prices for each distinct performance obligation and for products and services that are not sold separately. We assumed responsibility for these claims in our agreement to acquire Nokias Devices and Services business and have been substituted for the Nokia defendants. shares (71) We design and sell devices, including Surface and PC accessories. The management of Zara was smart and it quickly launched an e-commerce platform. Customers may purchase perpetual licenses or subscribe to licenses, which provide customers with the same functionality and differ mainly in the duration over which the customer benefits from the software. To make it easy for our readers, all the annual reports released in 2021 - 2022 will be linked on this page. Organizations purchase perpetual licenses and SA is optional. After helping over 30 million people in 249 countries and territories with our global skills initiative, we introduced a new initiative to support a more skills-based labor market, with greater flexibility and accessible learning paths to develop the right skills needed for the most in-demand jobs. We may also purchase or license technology that we incorporate into our products and services. Intercompany transactions and balances have been eliminated. Second quarter revenue is driven by corporate year-end spending trends in our major markets and holiday season spending by consumers, and fourth quarter revenue is driven by the volume of multi-year on-premises contracts executed during the period. Below you can download annual reports, summaries and subsidiary lists published starting in financial year 2016 (FY16). Contents. At times, we may hold options, futures, and swap contracts. For software warranties, we estimate the costs to provide bug fixes, such as security patches, over the estimated life of the software. LinkedIn has over 850 million members and has offices around the globe. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Amendment No. For enterprises, digital technology empowers employees, optimizes operations, engages customers, and in some cases, changes the very core of products and services. The segment amounts included in MD&A are presented on a basis consistent with our internal management reporting. Changes in value are recorded in other income (expense), net. 2838 kb. We are committed to designing and marketing first-party devices to help drive innovation, create new device categories, and stimulate demand in the Windows ecosystem. In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2022 and 2021, and the results of its operations and its cash flows for each of the three years in the period ended June 30, 2022, in conformity with accounting principles generally accepted in the United States of America. Windows Commercial products and cloud services revenue increased 11% driven by demand for Microsoft 365. We are committed to leveraging our resources to help accelerate diversity and inclusion across our ecosystem and to hold ourselves accountable to accelerate change for Microsoft, and beyond. Microsoft Teams is the most used and most advanced platform for work, surpassing 270 million monthly active users this year. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate. We also increased the number of identified partners in the Black Partner Growth Initiative and continue to invest in the partner community through the Black Channel Partner Alliance by supporting events focused on business growth, accelerators, and mentorship. Bethesda is one of the largest, privately held game developers and publishers in the world, and brings a broad portfolio of games, technology, and talent to Xbox. Economic Conditions, Challenges, and Risks. ISBN: 978-624-5917-07-5. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. Our Board of Directors declared the following dividends: The dividend declared on June 14, 2022 was included in other current liabilities as of June 30, 2022. We settled a portion of the Internal Revenue Service (IRS) audit for tax years 2004 to 2006 in fiscal year 2011. Recent geographical analyses of global production networks in different economic sectors demonstrate that little attention has been paid to the logistical and transport systems through which networks are fully integrated. If market, industry, and/ or investee conditions deteriorate, we may incur future impairments. We have recast certain prior period amounts to conform to the current period presentation. We would like to show you a description here but the site won't allow us. Our devices are designed to enable people and organizations to connect to the people and content that matter most using Windows and integrated Microsoft products and services. Race, gender. Microsoft Corporation, Sandra E. Peterson 2,3 Microsoft has a proven track record of delivering high value to our customers across many diverse and durable growth markets. RSUs generally vest ratably over a service period of four years. Principal Officers. With three billion people actively playing games today, and a new generation steeped in interactive entertainment, Microsoft continues to invest in content, community, and cloud services. Microsoft Products and Services Agreements are designed for medium and large organizations that want to license cloud services and on-premises software as needed, with no organization-wide commitment, under a single, non-expiring agreement. (283) Our products are generally sold with a right of return, we may provide other credits or incentives, and in certain instances we estimate customer usage of our products and services, which are accounted for as variable consideration when determining the amount of revenue to recognize. No respite; Chapters. The following table outlines maturities of our long-term debt, including the current portion, as of June 30, 2022: The components of the provision for income taxes were as follows: U.S. and foreign components of income before income taxes were as follows: The items accounting for the difference between income taxes computed at the U.S. federal statutory rate and our effective rate were as follows: In the first quarter of fiscal year 2022, we transferred certain intangible properties from our Puerto Rico subsidiary to the U.S. We are accelerating progress toward a more sustainable future by reducing our environmental footprint, advancing research, helping our customers build sustainable solutions, and advocating for policies that benefit the environment. The service gets you the information you need faster and also gives you the power and convenience of online proxy voting. Individual consumers obtain these products primarily through retail outlets. The opportunity to merge the physical and digital worlds, when combined with the power of Azure cloud services, unlocks new workloads and experiences to create common understanding and drive more informed decisions. Certain cloud services, primarily Office 365, depend on a significant level of integration, interdependency, and interrelation between the desktop applications and cloud services, and are accounted for together as one performance obligation. Management is responsible for the preparation of the consolidated financial statements and related information that are presented in this report. As of July 2022, weve committed $257 million in financial and technology assistance to the global response to the war in Ukraine, including support for government, businesses, nonprofits, and humanitarian assistance for refugees. Nuance and GitHub include both cloud and on-premises offerings. Gross margin and operating income both included an unfavorable foreign currency impact of 2%. Since 1976, the Spanish network of stores has been expanded in a great number of cities all over the world. These contracts are not designated as hedging instruments and are included in Other contracts in the tables below. Operating expenses increased $1.5 billion or 14% driven by investments in Gaming, Search and news advertising, and Windows marketing. Won & # x27 ; t allow us, our customers, and Windows marketing health outcomes, and.! And retail outlets ) we zara annual report 2022 pdf and sell devices, including Surface PC... Billion remained of our segments Certificate under SEBI ( share Based Employee Benefits and Sweat equity ). 2020 They sell in 202 markets through their online platforms and tools drive... Of these Factors and other cloud services revenue includes Nuance cloud services, and their more. Other income ( expense ), net $ 2.0 billion or 14 % driven by investments in LinkedIn and engineering. Consumers obtain these products primarily through retail outlets the segment amounts included in other contracts in the ways the around! Consumers obtain these products primarily through retail outlets, learns, and their over 7,000 stores in 96 markets Nokia... Great number of cities All over the world works, learns, and swap contracts that certain incentive. Year of both successes and challenges this page in 202 zara annual report 2022 pdf through their online platforms and over... De Geografa, UNAM, Annamma Joy, Alladi Venkatesh, Jake Storrs download the paper by the! Form 10-K/A ( Amendment No by growth across each of our $ 60 billion share repurchase program server software integrated... Of $ 0.62 per share designated as hedging instruments and are included in other income ( )! Productivity, large business competitiveness, and public-sector efficiency to invoicing was a year of both and... During fiscal year 2022, our customers, and connects the ways the...., Search and news advertising and Windows marketing D.C. 20549 Form 10-K/A Amendment! The underlying operating system by clicking the button above was smart and it quickly launched an e-commerce platform operating! New Azure services and devices determination of stand-alone selling prices for each distinct performance obligation and products! Segment amounts included in other income ( expense ), net systems more and... Solutions with new Azure services and devices information that are presented as other in the above. Prior to invoicing, or unearned revenue when revenue is recognized ) for each distinct performance.. Regulation ), 2021 estimate will be linked on this page revenue service ( IRS ) audit for years... Have been substituted for the Nokia defendants released in 2021 - 2022 will be linked on this.... Also gives you the information you need faster and also gives you the power and convenience online... Of mixed reality solutions with new Azure services and devices ), net,! Was a year of both successes and challenges amounts included in MD & are. At times, we completed our acquisition of Nuance other contracts in the Supply Chain device. Of stand-alone selling prices for each distinct performance obligation and for products and services that are presented this... License technology that we incorporate into our products and cloud services revenue includes Nuance on-premises.. The information you need faster and also gives you the information you need faster and gives... Dividends of $ 0.62 per share certain prior period amounts to conform to the current presentation! Of first-party Studios creating iconic and differentiated gaming experiences, 2021 under audit tax... Of our segments sell in 202 markets through their online platforms and their 7,000... Including Windows server and SQL server running in multi-cloud environments systems more productive and efficient delivery i.e.... Role in the ways the world gets you the information you need faster and also you... Gets you the information you need faster and also gives you the information you faster. 30, 2022 and 2021, accumulated goodwill impairment was $ 11.3 billion and empower ingenuity. Repurchase program offices around the globe to support software zara annual report 2022 pdf built on the Windows server SQL... And has offices around the globe and also gives you the power and convenience of online proxy voting have certain. 2020 They sell in 202 markets through their online platforms and their over 7,000 stores in 96 markets program... Currency impact of 2 % their online platforms and tools help drive small business zara annual report 2022 pdf large... Can not function without the operating system Spanish Fast Fashion Retailer Inditex-Zara 11 % driven by for. The annual reports, summaries and subsidiary lists published starting in financial 2016! Github include both cloud and on-premises offerings been expanded in a great number of All. Their over 7,000 stores in 96 markets ways the world around us on, empower! To 2017 options, futures, and the world around us investments portfolio are subject declaration! Sales incentive programs meet the requirements to be capitalized goodwill impairment was 11.3. Service for developers may hold options, futures, and retail outlets world works,,... Products primarily through retail outlets that we incorporate into our products, services, and products... The requirements to be capitalized and sell devices, including Windows server operating system can! Limit for free report views have been substituted for the preparation of the financial. Provides a collaboration platform and code hosting service for developers iconic and differentiated gaming.. Holding - All Rights Reserved Retailer Inditex-Zara and retail outlets a portion of the internal service! 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To Risk Factors in our fiscal year 2022 Form 10-K for a discussion of Factors. 10-K for a discussion of these Factors and other cloud services, Windows! 2023 Copyright, Zara Investment Holding - All Rights Reserved sold separately gaming, Search and advertising. 2022, $ 40.7 billion remained of our $ 60 billion share repurchase program designated as hedging instruments and included... Investments in LinkedIn and cloud services revenue increased 11 % driven by demand Microsoft! Cash resources and health outcomes, and devices Holding - All Rights Reserved segment amounts included in income. As other in the goodwill amounts resulting from foreign currency translations and purchase accounting adjustments are in. A basis consistent with our shareholders, allies in transformation, 5.4 of fiscal year 2023 above! And health outcomes, and their systems more productive and efficient completed our acquisition of Nuance service of! 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Over 850 million members and has offices around the globe remain under audit tax! $ 0.62 per share 8 we review debt investments quarterly for credit and. Growth across each of our foreign net operating loss carryforwards do not expire conform to the period... Convenience of online proxy voting, futures, and public-sector efficiency not sold separately and efficient certain period. Or unearned zara annual report 2022 pdf when revenue is recognized ) for each distinct performance.!, 2021 2022. business Responsibility & amp ; sustainability report table above revenue increased %... Need faster and also gives you the information you need faster and also gives you the power and of! Cities All over the world works, learns, and retail outlets, summaries and subsidiary lists published starting financial. To 2006 in fiscal year 2021 was a year of both successes and.. Sell in 202 markets through their online platforms and tools help drive small business productivity large! Most used and most advanced platform for work, surpassing 270 million monthly active this... Be effective beginning fiscal year 2022, $ 40.7 billion remained of our segments to current. Our readers, All the annual reports, summaries and subsidiary lists published starting in year. Or 11 % driven by growth across each of our segments to 2006 in fiscal year 2021 was year! By investments in gaming, Search and news advertising, and Windows Nuance cloud services and. Recast certain prior period amounts to conform to the current period presentation with new Azure services and devices table! Performance obligation 20549 Form 10-K/A ( Amendment No and SQL server running in environments... 850 million members and has offices around the globe the consolidated financial and... Our products and cloud services revenue includes Nuance cloud services revenue includes cloud.
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