business-haroun/_data/section_11/msft/cash_flows__Updated_.csv

1	Category	2012	2011	2010
2	Operations
3	Net income	16978	23150	18760
4	Adjustments to reconcile net income to net cash from operations:
5	Goodwill impairment	6193	0	0
6	Depreciation, amortization, and other	2967	2766	2673
7	Stock-based compensation expense	2244	2166	1891
8	Net recognized gains on investments and derivatives	-200	-362	-208
9	Excess tax benefits from stock-based compensation	-93	-17	-45
10	Deferred income taxes	954	2	-220
11	Deferral of unearned revenue	36104	31227	29374
12	Recognition of unearned revenue	-33347	-28935	-28813
13	Changes in operating assets and liabilities:
14	Accounts receivable	-1156	-1451	-2238
15	Inventories	184	-561	-44
16	Other current assets	493	-1259	464
17	Other long-term assets	-248	62	-223
18	Accounts payable	-31	58	844
19	Other current liabilities	410	-1146	451
20	Other long-term liabilities	174	1294	1407
21	Net cash from operations	31626	26994	24073
22	Financing
23	Short-term debt repayments, maturities of 90 days or less, net	0	-186	-991
24	Proceeds from issuance of debt, maturities longer than 90 days	0	6960	4167
25	Repayments of debt, maturities longer than 90 days	0	-814	-2986
26	Common stock issued	1913	2422	2311
27	Common stock repurchased	-5029	-11555	-11269
28	Common stock cash dividends paid	-6385	-5180	-4578
29	Excess tax benefits from stock-based compensation	93	17	45
30	Other	0	-40	10
31	Net cash used in financing	-9408	-8376	-13291
32	Investing
33	Additions to property and equipment	-2305	-2355	-1977
34	Acquisition of companies, net of cash acquired	-10112	-71	-245
35	Purchases of investments	-57250	-35993	-30168
36	Maturities of investments	15575	6897	7453
37	Sales of investments	29700	15880	15125
38	Securities lending payable	-394	1026	-1502
39	Net cash used in investing	-24786	-14616	-11314
40	Effect of exchange rates on cash and cash equivalents	-104	103	-39
41	Net change in cash and cash equivalents	-2672	4105	-571
42	Cash and cash equivalents, beginning of period	9610	5505	6076
43	Cash and cash equivalents, end of period	6938	9610	5505