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QUARTERLY INFORMATION (UNAUDITED) (Tables)
 12 Months Ended
Jun. 30, 2017
Quarterly Information (Unaudited)

 

(In millions, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

September 30

 

 

December 31

 

 

March 31

 

 

June 30

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2017 (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue (b)

 

$

  20,453

 

 

$

  24,090

 

 

$

  22,090

 

 

$

  23,317

 

 

$

  89,950

 

Gross margin

 

 

12,609

 

 

 

14,189

 

 

 

14,030

 

 

 

14,861

 

 

 

55,689

 

Operating income

 

 

5,225

 

 

 

6,177

 

 

 

5,594

 

 

 

5,330

 

 

 

22,326

 

Net income

 

 

4,690

 

 

 

5,200

 

 

 

4,801

 

 

 

6,513

(c)

 

 

21,204

(c)

Basic earnings per share

 

 

0.60

 

 

 

0.67

 

 

 

0.62

 

 

 

0.84

 

 

 

2.74

 

Diluted earnings per share

 

 

0.60

 

 

 

0.66

 

 

 

0.61

 

 

 

0.83

(c)

 

 

2.71

(c)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue (d)

 

$

  20,379

 

 

$

  23,796

 

 

$

  20,531

 

 

$

  20,614

 

 

$

  85,320

 

Gross margin

 

 

13,172

 

 

 

13,924

 

 

 

12,809

 

 

 

12,635

 

 

 

52,540

 

Operating income

 

 

5,793

 

 

 

6,026

 

 

 

5,283

 

 

 

3,080

 

 

 

20,182

 

Net income

 

 

4,902

 

 

 

5,018

 

 

 

3,756

 

 

 

3,122

(e)

 

 

16,798

(e)

Basic earnings per share

 

 

0.61

 

 

 

0.63

 

 

 

0.48

 

 

 

0.40

 

 

 

2.12

 

Diluted earnings per share

 

 

0.61

 

 

 

0.62

 

 

 

0.47

 

 

 

0.39

(e)

 

 

2.10

(e)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

On December 8, 2016, we acquired LinkedIn Corporation. LinkedIn has been included in our consolidated results of operations starting on the acquisition date.

(b)

Reflects the impact of the net revenue deferral from Windows 10 of $1.9 billion, $2.0 billion, $1.5 billion, and $1.4 billion, for the first, second, third, and fourth quarter of fiscal year 2017, respectively, and $6.7 billion for fiscal year 2017.

(c)

Includes $306 million of employee severance expenses primarily related to our sales and marketing restructuring plan, which decreased operating income, net income, and diluted EPS by $306 million, $243 million, and $0.03, respectively.

(d)

Reflects the impact of the net revenue deferral from Windows 10 of $1.3 billion, $1.7 billion, $1.6 billion, and $2.0 billion, for the first, second, third, and fourth quarter of fiscal year 2016, respectively, and $6.6 billion for fiscal year 2016.

(e)

Includes $630 million of asset impairment charges related to our phone business, and $480 million of restructuring charges associated with our 2016 restructuring plans, which together decreased operating income, net income, and diluted EPS by $1.1 billion, $895 million, and $0.11, respectively.