Microsoft 2004 Annual Report Download - page 61

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NOTES TO FINANCIAL STATEMENTS (CONTINUED)
PAGE 61
Long-lived assets, classified by the geographic location of the controlling statutory company in which that company
operates, are as follows:
(In millions)
Y
ear Ended June 30 2003 2004
United States $3,773 $5,365
Other countries 1,962 645
Total $5,735 $6,010
NOTE 19 SUBSEQUENT EVENT
On July 20, 2004, our board of directors approved a quarterly dividend of $0.08 per share payable on September 14,
2004, to shareholders of record on August 25, 2004. In addition, the board approved a plan to buy back up to $30 billion in
Microsoft common stock over the next four years. The specific timing and amount of repurchases will vary based on
market conditions, securities law limitations, and other factors. The repurchases will be made using our cash resources.
The repurchase program may be suspended or discontinued at any time without prior notice. The board also approved a
one-time special dividend of $3.00 per share, or approximately $32 billion, subject to shareholder approval of stock plan
amendments that will allow certain adjustments to employee equity compensation awards to offset the impact of the
special dividend. The special dividend will be payable on December 2, 2004, to shareholders of record on November 17,
2004, conditioned upon shareholder approval of amendments to the employee stock plans at the annual meeting of
shareholders scheduled to be held November 9, 2004.
QUARTERLY INFORMATION
(In millions, except per share amounts) (Unaudited)
Quarter Ended Sep. 30 Dec. 31 Mar. 31 June 30 Total
Fiscal 2003
Revenue $7,746 $ 8,541 $7,835 $8,065 $32,187
Gross profit 6,402 6,404 6,561 6,761 26,128
Net income 2,041 1,865 2,142 1,483
(1)
7,531
Basic earnings per share 0.19 0.17 0.20 0.14 0.70
Diluted earnings per share 0.19 0.17 0.20 0.14 0.69
Fiscal 2004
Revenue $8,215 $10,153 $9,175 $9,292 $36,835
Gross profit 6,735 7,809 7,764 7,811 30,119
Net income 2,614 1,549
(2)
1,315
(3)
2,690 8,168
Basic earnings per share 0.24 0.14 0.12 0.25 0.76
Diluted earnings per share 0.24 0.14 0.12 0.25 0.75
(1) Includes charges of $750 million (pre-tax) related to the Time Warner settlement and $1.15 billion in impairments of
investments.
(2) Includes stock-based compensation charges of $2.2 billion for the employee stock option transfer program.
(3) Includes charges of $2.53 billion (pre-tax) related to the Sun Microsystems Inc. settlement and a fine imposed by the
European Commission.