Microsoft Corp.
Balance Sheet
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $11.95B | $7.66B | $6.51B | $5.60B | $8.67B | $3.80B | $6.94B | $9.61B |
| Accounts Receivable | $26.48B | $22.43B | $18.28B | $17.91B | $19.54B | $17.49B | $15.78B | $14.99B |
| Inventory | $2.66B | $2.18B | $2.25B | $2.90B | $2.66B | $1.94B | $1.14B | $1.37B |
| Total Current Assets | $169.66B | $162.70B | $139.66B | $122.80B | $114.25B | $101.47B | $85.08B | $74.92B |
| Property, Plant & Equipment | $29.46B | $23.73B | $18.36B | $14.73B | $13.01B | $9.99B | $8.27B | $8.16B |
| Goodwill | $35.68B | $35.12B | $17.87B | $16.94B | $20.13B | $14.66B | $13.45B | $12.58B |
| Intangible Assets (Excl. Goodwill) | $8.05B | $10.11B | $3.73B | $4.84B | $6.98B | $3.08B | $3.17B | $744.0M |
| Total Assets | $258.85B | $250.31B | $193.47B | $174.47B | $172.38B | $142.43B | $121.27B | $108.70B |
| Liabilities | ||||||||
| Accounts Payable | $8.62B | $7.39B | $6.90B | $6.59B | $7.43B | $4.83B | $4.18B | $4.20B |
| Total Current Liabilities | $58.49B | $55.75B | $59.36B | $49.65B | $45.63B | $37.42B | $32.69B | $28.77B |
| Long-Term Debt | $72.24B | $76.07B | $40.56B | $27.81B | $20.65B | $12.60B | $10.71B | $11.92B |
| Total Liabilities | $176.13B | $162.60B | $121.47B | $94.39B | $82.60B | $63.49B | $54.91B | $51.62B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $13.68B | $17.77B | $2.28B | $9.10B | $17.71B | $9.90B | $-856.0M | — |
| Total Stockholders' Equity | $82.72B | $87.71B | $83.09B | $80.08B | $89.78B | $78.94B | $66.36B | $57.08B |
Mimicking the herd invites regression to the mean (merely average performance).