Item 8

  

BALANCE  SHEETS

> **(In millions)**
>
> June 30, ................................ 2025 / 2025 / 2024 / 2024
> Assets
> Current assets:
> Cash and cash equivalents ............... $ / 30,242 / $ / 18,315
> Short-term investments .................. 64,323 / 57,228
> Total cash, cash equivalents, and short-term investments ... 94,565 / 75,543
> Accounts receivable, net of allowance for doubtful accounts of  $ 944  and $ 830 ... 69,905 / 56,924
> Inventories ............................. 938 / 1,246
> Other current assets .................... 25,723 / 26,021
> Total current assets .................... 191,131 / 159,734
> Property and equipment, net of accumulated depreciation of  $ 93,653   and $ 76,421 ... 204,966 / 135,591
> Operating lease right-of-use assets ..... 24,823 / 18,961
> Equity and other investments ............ 15,405 / 14,600
> Goodwill ................................ 119,509 / 119,220
> Intangible assets, net .................. 22,604 / 27,597
> Other long-term assets .................. 40,565 / 36,460
> Total assets ............................ $ / 619,003 / $ / 512,163
> Liabilities and stockholders’ equity
> Current liabilities:
> Accounts payable ........................ $ / 27,724 / $ / 21,996
> Short-term debt ......................... 0 / 6,693
> Current portion of long-term debt ....... 2,999 / 2,249
> Accrued compensation .................... 13,709 / 12,564
> Short-term income taxes ................. 7,211 / 5,017
> Short-term unearned revenue ............. 64,555 / 57,582
> Other current liabilities ............... 25,020 / 19,185
> Total current liabilities ............... 141,218 / 125,286
> Long-term debt .......................... 40,152 / 42,688
> Long-term income taxes .................. 25,986 / 27,931
> Long-term unearned revenue .............. 2,710 / 2,602
> Deferred income taxes ................... 2,835 / 2,618
> Operating lease liabilities ............. 17,437 / 15,497
> Other long-term liabilities ............. 45,186 / 27,064
> Total liabilities ....................... 275,524 / 243,686
> Commitments and contingencies
> Stockholders’ equity:
> Common stock and paid-in capital – shares authorized  24,000 ; outstanding  7,434   and  7,434 ... 109,095 / 100,923
> Retained earnings ....................... 237,731 / 173,144
> Accumulated other comprehensive loss .... ( 3,347 / ) / ( 5,590 / )
> Total stockholders’ equity .............. 343,479 / 268,477
> Total liabilities and stockholders’ equity ... $ / 619,003 / $ / 512,163

Refer to accompanying notes.

  

52

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PART II