v3.19.2
STOCKHOLDERS' EQUITY STATEMENTS - USD ($)
$ in Millions
Total
Common stock and paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Balance, beginning of period at Jun. 30, 2016   $ 68,178 $ 13,118 $ 1,794
Common stock issued   772    
Net income $ 25,489   25,489  
Other comprehensive income (loss) (1,167)     (1,167)
Common stock cash dividends     (12,040)  
Common stock repurchased   (2,987) (8,798)  
Cumulative effect of accounting changes     0 0
Stock-based compensation expense   3,266    
Other, net   86    
Balance, end of period at Jun. 30, 2017 $ 87,711 69,315 17,769 627
Cash dividends declared per common share $ 1.56      
Common stock issued   1,002    
Net income $ 16,571 [1]   16,571  
Other comprehensive income (loss) (2,856)     (2,856)
Common stock cash dividends (12,916)   (12,917)  
Common stock repurchased   (3,033) (7,699)  
Cumulative effect of accounting changes     (42) 42
Stock-based compensation expense   3,940    
Other, net   (1)    
Balance, end of period at Jun. 30, 2018 $ 82,718 71,223 13,682 (2,187)
Cash dividends declared per common share $ 1.68      
Common stock issued   6,829    
Net income $ 39,240 [2]   39,240  
Other comprehensive income (loss) 1,914     1,914
Common stock cash dividends (14,107)   (14,103)  
Common stock repurchased   (4,195) (15,346)  
Cumulative effect of accounting changes     677 (67)
Stock-based compensation expense   4,652    
Other, net   11    
Balance, end of period at Jun. 30, 2019 $ 102,330 $ 78,520 $ 24,150 $ (340)
Cash dividends declared per common share $ 1.84      
[1] Reflects the net charge (benefit) related to the enactment of the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018.
[2] Reflects the $157 million net charge related to the enactment of the TCJA for the second quarter and the $2.6 billion net income tax benefit related to the intangible property transfers for the fourth quarter, which together increased net income by $2.4 billion for fiscal year 2019. See Note 12 – Income Taxes for further information.