There are billions of people who want to achieve more, but have a different set of circumstances, abilities, and backgrounds that often limit access to opportunity and achievement. We also deliver relevant online advertising to a global audience. Our industry clouds bring together capabilities across the Microsoft Cloud with industry-specific customizations to help organizations improve time to value, increase agility, and lower costs. The outcomes of legal proceedings and claims brought against us are subject to significant uncertainty. New tools to assist managers and employees in learning how to operate, be productive, and connect in the new flexible hybrid world of work. To keep our customers secure, we build security by design into every product we sell, and we deliver end-to-end solutions spanning security, compliance, identity, device management, and privacy across clouds and platforms. On the path to becoming water positive, we invested in 21 water replenishment projects that are expected to generate over 1.3 million cubic meters of volumetric benefits in nine water basins around the world. We conducted our audit in accordance with the standards of the PCAOB. Based on the information currently available, we do not anticipate a significant increase or decrease to our tax contingencies for these issues within the next 12 months. Our principal audit procedures to evaluate management's estimates of uncertain tax positions related to unresolved transfer pricing issues included the following: Seattle, Washington Annual Status of Education Report (ASER) 2022: The Annual Status of Education Report (ASER) released today revealed that almost all (98.4%) students in the age bracket of 6-14 years are now enrolled in schools. Adjusted net income and adjusted diluted EPS are non-GAAP financial measures which exclude the net tax benefit related to the transfer of intangible properties in the first quarter of fiscal year 2022 and the net income tax benefit related to an India Supreme Court decision on withholding taxes in the third quarter of fiscal year 2021. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. 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Our cloud and AI services and datacenters help businesses cut energy consumption, reduce physical footprints, and design sustainable products. Windows original equipment manufacturer licensing (Windows OEM) revenue increased 11%. Certain volume licensing programs, including Enterprise Agreements, include on-premises licenses combined with Software Assurance (SA). We believe use of a discounted cash flow approach is the most reliable indicator of the fair values of the businesses. Objective of the Study. Year's Annual Report Number Processed During Fiscal Year fromLast Year's Annual Report Number Processed During Fiscal Year from Current Annual Report GSA-MAIN 1278 1100 1230 1284 J 71 68 64 76 AGENCY OVERALL 1349 1168 1294 1360 XII.D.2. But There Are Still Opportunities, Roundtable Pros Say. Other reconciling items, net consists primarily of tax credits and GILTI tax, and in fiscal year 2021, includes tax benefits from the India Supreme Court decision on withholding taxes. Below you can download annual reports, summaries and subsidiary lists published starting in financial year 2016 (FY16). Amidst this ongoing challenge, we now face a grave new obstacle to global health, peace and security. Zoom offers videoconferencing and cloud phone solutions. For derivative instruments that are not designated as hedges, gains and losses from changes in fair values are primarily recognized in other income (expense), net. Fluctuations in the U.S. dollar relative to certain foreign currencies did not have a material impact on reported revenue or expenses from our international operations in fiscal year 2022. To drive positive impact and growth with technology, people need to be able to trust the technologies they use and the companies behind them. In fiscal years 2022, 2021, and 2020, there were no individually significant other reconciling items. Were focused on increasing our share and engagement across our browser Microsoft Edge, our search engine Microsoft Bing, and our personalized content feed Microsoft Start. Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases. There are now more than 1.4 billion monthly active devices running Windows 10 or Windows 11. However, the same type products in other shop sale at 40-60 dollars. Research and development expenses also include third-party development and programming costs, localization costs incurred to translate software for international markets, and the amortization of purchased software code and services content. We are required to estimate the fair value of the investment to determine the amount of the impairment loss. The decrease from the federal statutory rate in fiscal year 2021 is primarily due to earnings taxed at lower rates in foreign jurisdictions resulting from producing and distributing our products and services through our foreign regional operations centers in Ireland and Puerto Rico, tax benefits relating to stock-based compensation, and tax benefits from the India Supreme Court decision on withholding taxes. The future monetary system The components of other income (expense), net were as follows: We use derivative instruments to manage risks related to foreign currencies, equity prices, interest rates, and credit; enhance investment returns; and facilitate portfolio diversification. While our main product research and development facilities are located in Redmond, Washington, we also operate research and development facilities in other parts of the U.S. and around the world. Our new Entra product family includes tools for permissions management, identity governance, and identity verification. The plaintiffs have filed supplemental expert evidence, portions of which the defendants have moved to strike. While we intend to defend these matters vigorously, adverse outcomes that we estimate could reach approximately $600 million in aggregate beyond recorded amounts are reasonably possible. 122 74 1 9 4 13 (2,180) Treasury The Zara Spring/Summer 2022 Semi Annual Sale Dates You Need To Know. Our broker-priced investments are generally classified as Level 2 investments because the broker prices these investments based on similar assets without applying significant adjustments. We disclose metrics to enable investors to evaluate progress against our ambitions, provide transparency into performance trends, and reflect the continued evolution of our products and services. Additionally, we enriched our supplier pipeline, reaching more than 90 percent of our goal to spend $500 million with double the number of Black and African American-owned suppliers. Zara Usa Fast Facts. We previously invested $20 million in key non-profit partnerships through Microsoft Philanthropies to help people from underserved communities that are often excluded by the digital economy. These costs include our internal sales force compensation program and certain partner sales incentive programs as we have determined annual compensation is commensurate with annual sales activities. In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2022 and 2021, and the results of its operations and its cash flows for each of the three years in the period ended June 30, 2022, in conformity with accounting principles generally accepted in the United States of America. Xbox content and services revenue increased 3%. Partners in this program can easily package their own products and services to directly provision, manage, and support their customer subscriptions. At times, we make select intellectual property broadly available at no or low cost to achieve a strategic objective, such as promoting industry standards, advancing interoperability, supporting societal and/or environmental efforts, or attracting and enabling our external development community. Every organization is looking to reconnect and reengage the workforce at home, in the office, and everywhere in between. They also support new startups, improve educational and health outcomes, and empower human ingenuity. These financial statements are the responsibility of the Company's management. How can strategic management within the HRM department ensure that HRM plays an effective role in the company's strategic management process? 122 Enterprise Agreements offer large organizations a manageable volume licensing program that gives them the flexibility to buy cloud services and software licenses under one agreement. The COVID-19 pandemic led to record unemployment, disrupting livelihoods of people around the world. We monitor pay equity and career progress across multiple dimensions. Download. Today, through our Search, News, Mapping, and Browse services, Microsoft delivers unique trust, privacy, and safety features. This year, we blocked 34.7 billion identity threats and 37 billion email threats. Explanation added for translation to English. We identified four attributes that allow growth mindset to flourish: Our employee listening systems enable us to gather feedback directly from our workforce to inform our programs and employee needs globally. The phrase " fast fashion " refers to low-cost clothing collections that mimic current luxury fashion trends. Zara has a world network of 2270 retail stores and the brand uses the same model for designing, production, distribution, and sale of its products. For access to additional financial information, visit the Investor Relations website online at: www.microsoft.com/investor. Shares repurchased during the third quarter of fiscal year 2020 were under the share repurchase programs approved on both September 20, 2016 and September 18, 2019. Gross margin percentage decreased slightly. Applying AI to drive insights and act on our customers behalf by understanding and interpreting their needs using natural methods of communication. SA is optional for customers that purchase perpetual licenses. 5.8. These consolidated annual accounts present fairly the equity and financial position of the Inditex Group In particular, among the responsibilities of the Boards Environmental, Social, and Public Policy Committee is to review and provide guidance to the Board and management about the Companys policies and programs that relate to corporate social responsibility. Zara is one of the largest international fashion companies belonging to Inditex, one of the world"s largest distribution groups. Our devices are primarily manufactured by third-party contract manufacturers. Business, and Chief Marketing Officer, Christopher D. Young GitHub is the most complete developer platform to build, scale, and deliver secure software. Computershare, our transfer agent, can help you with a variety of shareholder related services including: Computershare also administers a direct stock purchase plan and a dividend reinvestment program for the company. Changes in value are recorded in other income (expense), net. Gross margin increased $7.3 billion or 17% driven by growth in Office 365 Commercial and LinkedIn. Unearned revenue also includes payments for consulting services to be performed in the future, LinkedIn subscriptions, Office 365 subscriptions, Xbox subscriptions, Windows post-delivery support, Dynamics business solutions, and other offerings for which we have been paid in advance and earn the revenue when we transfer control of the product or service. The fair value of stock awards is based on the quoted price of our common stock on the grant date less the present value of expected dividends not received during the vesting period. Satya Nadella Judgment is required to determine the stand-alone selling price (SSP) for each distinct performance obligation. Growth depends on our ability to reach new users in new markets such as frontline workers, small and medium businesses, and growth markets, as well as add value to our core product and service offerings to span productivity categories such as communication, collaboration, analytics, security, and compliance. The financial results of Nuance have been included in our consolidated financial statements since the date of the acquisition. We evaluated the appropriateness and consistency of management's methods and assumptions used in the identification, recognition, measurement, and disclosure of uncertain tax positions, which included testing the effectiveness of the related internal controls. We regularly reevaluate our estimates to assess the adequacy of the recorded warranty liabilities and adjust the amounts as necessary. Organizational tools such as Collections, Vertical Tabs, and Immersive Reader help make the most of your time while browsing, streaming, searching, and sharing. We launched new Surface devices to support every person and work style. Server products revenue is mainly affected by purchases through volume licensing programs, licenses sold to original equipment manufacturers (OEM), and retail packaged products. Were unfavorable final outcomes to occur, there exists the possibility of a material adverse impact in our consolidated financial statements for the period in which the effects become reasonably estimable. The defendants filed an interlocutory appeal to the District of Columbia Court of Appeals challenging the standard for evaluating expert scientific evidence. accounted for The following table summarizes the payments due by fiscal year for our outstanding contractual obligations as of June 30, 2022: As a result of the TCJA, we are required to pay a one-time transition tax on deferred foreign income not previously subject to U.S. income tax. The consolidated financial statements, which include amounts based on managements estimates and judgments, have been prepared in conformity with accounting principles generally accepted in the United States of America. Over the past few years, Ive written extensively about digital transformation, but now we need to go beyond that to deliver on what I call the digital imperative.. To browse Academia.edu and the wider internet faster and more securely, please take a few seconds toupgrade your browser. The Company recognizes revenue upon transfer of control of promised products or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. Based on our assessment of key technology trends, we maintain our long-term commitment to research and development across a wide spectrum of technologies, tools, and platforms spanning digital work and life experiences, cloud computing, AI, devices, and operating systems. We have audited the accompanying consolidated balance sheets of Microsoft Corporation and subsidiaries (the "Company") as of June 30, 2022 and 2021, the related consolidated statements of income, comprehensive income, cash flows, andstockholders'equity, for each of the three years in the period ended June 30, 2022, and the related notes (collectively referred to as the "financial statements"). This means everyone is on a continuous journey to learn and grow. Revenue allocated to SA is generally recognized ratably over the contract period as customers simultaneously consume and receive benefits, given that SA comprises distinct performance obligations that are satisfied over time. Security, compliance, identity, and management underlie our entire tech stack. Our Intelligent Cloud segment consists of our public, private, and hybrid server products and cloud services that can power modern business and developers. Across our ecosystem, we are more than 90% of the way toward our commitment to spend an incremental $500 million with Black- and African American-owned suppliers. PG Family Foundation | Zara's Center. If market, industry, and/or investee conditions deteriorate, we may incur future impairments. We monitor our foreign currency exposures daily to maximize the economic effectiveness of our foreign currency positions, including hedges. Azure faces diverse competition from companies such as Amazon, Google, IBM, Oracle, VMware, and open source offerings. Of people around the world & quot ; s Center largest international fashion belonging... Zara Spring/Summer 2022 Semi annual sale Dates you Need to Know, net the... Devices running Windows 10 or Windows 11 standards of the fair value of the Company 's management multiple.. Foreign currency exposures daily to maximize the economic effectiveness of our foreign positions. 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