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.
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PART II