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(a) Includes $7.5 billion of goodwill and asset impairment charges related to Phone Hardware, and $2.5 billion of integration and restructuring expenses, primarily costs associated with our restructuring plans, which decreased fiscal year 2015 operating income and net income by $10.0 billion and diluted earnings per share (“EPS”) by $1.15.

(b) On April 25, 2014, we acquired substantially all of NDS. NDS has been included in our consolidated results of operations starting on the acquisition date.

(c) Includes a charge related to a fine imposed by the European Commission in March 2013 which decreased operating income and net income by $733 million (€561 million) and diluted EPS by $0.09. Also includes a charge for Surface RT inventory adjustments recorded in the fourth quarter of fiscal year 2013, which decreased operating income by $900 million, net income by $596 million, and diluted EPS by $0.07.

(d) Includes a goodwill impairment charge related to our previous Online Services Division business segment (related to Devices and Consumer Other under our current segment structure) which decreased operating income and net income by $6.2 billion and diluted EPS by $0.73.



QUARTERLY STOCK PRICE

Our common stock is traded on the NASDAQ Stock Market under the symbol MSFT. On July 27, 2015, there were 109,479 registered holders of record of our common stock. The high and low common stock sales prices per share were as follows:



 
































































Quarter Ended

 

September 30

 

 

December 31

 

 

March 31

 

 

June 30

 

 

Fiscal Year

 

 






















Fiscal Year 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



















High

 

 

$  47.57

 

 

 

$  50.05

 

 

 

$  47.91

 

 

 

$  49.54

 

 

 

$  50.05

 

Low

 

 

$  41.05

 

 

 

$  42.10

 

 

 

$  40.23

 

 

 

$  40.12

 

 

 

$  40.12

 

 






















Fiscal Year 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



















High

 

 

$  36.43

 

 

 

$  38.98

 

 

 

$  41.50

 

 

 

$  42.29

 

 

 

$  42.29

 

Low

 

 

$  30.84

 

 

 

$  32.80

 

 

 

$  34.63

 

 

 

$  38.51

 

 

 

$  30.84

 

 




SHARE REPURCHASES AND DIVIDENDS

Share Repurchases

On September 16, 2013, our Board of Directors approved a share repurchase program authorizing up to $40.0 billion in share repurchases. The share repurchase program became effective on October 1, 2013, has no expiration date, and may be suspended or discontinued at any time without notice. This share repurchase program replaced the share repurchase program that was announced on September 22, 2008 and expired on September 30, 2013. As of June 30, 2015, $21.9 billion remained of our $40.0 billion share repurchase program. All repurchases were made using cash resources.



 

We repurchased the following shares of common stock under the above-described repurchase plans:



 












































































(In millions)

 

Shares

 

 

Amount

 

 

Shares

 

 

Amount

 

 

Shares

 

 

Amount

 

 
















Year Ended June 30,

 

 

2015

 

 

 

2014 

(a) 

 

 

2013

 






















First quarter

 

 

43

 

 

$

2,000

 

 

 

47

 

 

$

1,500

 

 

 

33

 

 

$

1,000

 

Second quarter

 

 

43

 

 

 

2,000

 

 

 

53

 

 

 

2,000

 

 

 

58

 

 

 

1,607

 

Third quarter

 

 

116

 

 

 

5,000

 

 

 

47

 

 

 

1,791

 

 

 

36

 

 

 

1,000

 

Fourth quarter

 

 

93

 

 

 

4,209

 

 

 

28

 

 

 

1,118

 

 

 

31

 

 

 

1,000

 

 




 

 

 




 

 

 




 

 

 




 

 

 




 

 

 




Total

 

 

295

 

 

$

  13,209

 

 

 

175

 

 

$

  6,409

 

 

 

158

 

 

$

  4,607

 

 

 

 

 




 

 

 




 

 

 




 

 

 




 

 

 




 

 

 




(a) Of the 175 million shares repurchased in fiscal year 2014, 128 million shares were repurchased for $4.9 billion under the share repurchase program approved by our Board of Directors on September 16, 2013 and 47 million shares were repurchased for $1.5 billion under the share repurchase program that was announced on September 22, 2008 and expired on September 30, 2013.

The above table excludes shares repurchased to settle statutory employee tax withholding related to the vesting of stock awards.




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