zara annual report 2022 pdf

The Microsoft Cloud is the most comprehensive and trusted cloud, providing the best integration across the technology stack while offering openness, improving time to value, reducing costs, and increasing agility. Windows 11 security and privacy features include operating system security, application security, and user and identity security. And with our planned acquisition of Activision Blizzard, we aim to give players more choice to play great games wherever, whenever, and however they want. Customized manager learning to build people manager capabilities and similar learning solutions to build leadership skills for all employees including differentiated leadership development programs. We introduced a Hybrid Workplace Flexibility Guide to better support managers and employees as they adapt to new ways of working that shift paradigms, embrace flexibility, promote inclusion, and drive innovation. We undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise. GitHub provides a collaboration platform and code hosting service for developers. Service and other revenue includes sales from cloud-based solutions that provide customers with software, services, platforms, and content such as Office 365, Azure, Dynamics 365, and Xbox; solution support; and consulting services. Organizations also license our products and services indirectly, primarily through licensing solution partners (LSP), distributors, value-added resellers (VAR), and retailers. We have a strong position with our large and growing highly engaged community of gamers, including the acquisition of ZeniMax Media Inc., the parent company of Bethesda Softworks LLC. 10 In comparison, the brand's valuation was around 18.4 billion U.S. dollars in 2019. We believe our server products provide customers with advantages in performance, total costs of ownership, and productivity by delivering superior applications, development tools, compatibility with a broad base of hardware and software applications, security, and manageability. We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements as of and for the year ended June 30, 2022, of the Company and our report dated July 28, 2022, expressed an unqualified opinion on those financial statements. These reviews include analysis of demand forecasts, product life cycle status, product development plans, current sales levels, pricing strategy, and component cost trends. Office Consumer products and cloud services revenue increased 11% and Microsoft 365 Consumer subscribers grew to 59.7 million. Low-code/no-code tools are rapidly becoming a priority for every organizations digital capability. Our corporate learning portal has over 100,000 average monthly active users. You can download the paper by clicking the button above. Inditex (ZARA) -- annual_report_2021.pdf - Inditex Annual. We test goodwill for impairment annually on May 1 at the reporting unit level, primarily using a discounted cash flow methodology with a peer-based, risk-adjusted weighted average cost of capital. These financial statements are the responsibility of the Company's management. Dynamics products and cloud services revenue increased 25% driven by Dynamics 365 growth of 39%. Annual Report 2021-2022 Download PDF This Annual Report 2021-2022 outlines the concrete progress the World Economic Forum made over the year in a variety of initiatives, and demonstrates how the organization continues to be a bridge-builder in a world where international cooperation is increasingly under pressure. The following table presents the notional amounts of our outstanding derivative instruments measured in U.S. dollar equivalents: The following table presents our derivative instruments: Gross derivative assets and liabilities subject to legally enforceable master netting agreements for which we have elected to offset were $343 million and $550 million, respectively, as of June 30, 2022, and $395 million and $335 million, respectively, as of June 30, 2021. In January 2020, we announced a bold commitment and detailed plan to be carbon negative by 2030, and to remove from the environment by 2050 all the carbon we have emitted since our founding in 1975. Our most significant expenses are related to compensating employees; designing, manufacturing, marketing, and selling our products and services; datacenter costs in support of our cloud-based services; and income taxes. We settled a portion of the Internal Revenue Service (IRS) audit for tax years 2004 to 2006 in fiscal year 2011. Competitors. On the one hand, better internal and external communication and greater productivity compensate for the company's higher costs of manufacturing in nearby areas. ESAs are also typically authorized as LSPs and operate as resellers for our other volume licensing programs. As digital transformation accelerates, organizations in every sector across the globe can address challenges that will have a fundamental impact on their success. Teams Rooms is bringing Teams to a growing ecosystem of devices to help organizations rethink their approach to space and help employees participate fully in meetings from anywhere. in a separate document to these consolidated annual accounts. The amortization of these costs is included in cost of revenue over the estimated life of the products. We generate revenue by offering a wide range of cloud-based and other services to people and businesses; licensing and supporting an array of software products; designing, manufacturing, and selling devices; and delivering relevant online advertising to a global audience. Windows, including Windows OEM licensing (Windows OEM) and other non-volume licensing of the Windows operating system; Windows Commercial, comprising volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings; patent licensing; and Windows Internet of Things. A hearing on general causation is scheduled for September of 2022. Principal currency exposures include the Euro, Japanese yen, British pound, Canadian dollar, and Australian dollar. Changes to our estimated variable consideration were not material for the periods presented. Although we continued to make progress on several of our goals with an overall reduction in Scope 1 and Scope 2 emissions, our Scope 3 emissions increased, due in large part to significant global datacenter expansions and the growth in Xbox sales and usage. These systems are augmented by written policies, an organizational structure providing division of responsibilities, careful selection and training of qualified personnel, and a program of internal audits. For these components, we have limited near-term flexibility to use other manufacturers if a current vendor becomes unavailable or is unable to meet our requirements. LinkedIn now has more than 850 million members, and our Sales, Talent, Marketing, and Premium Subscriptions lines of business have all surpassed $1 billion in annual revenue over the past 12 months. Nuance is a cloud and artificial intelligence (AI) software provider with healthcare and enterprise AI experience, and the acquisition will build on our industry-specific cloud offerings. Office Consumer revenue is mainly affected by the percentage of customers that buy Office with their new devices and the continued shift from Office licensed on-premises to Microsoft 365 Consumer subscriptions. The phrase " fast fashion " refers to low-cost clothing collections that mimic current luxury fashion trends. Course Hero is not sponsored or endorsed by any college or university. Other comprehensive income (loss), net of tax: Total cash, cash equivalents, and short-term investments, Accounts receivable, net of allowance for doubtful accounts of, Property and equipment, net of accumulated depreciation of, Common stock and paid-in capital shares authorized 24,000; outstanding, Accumulated other comprehensive income (loss), Total liabilities and stockholders equity. As of June 30, 2022 and 2021, accumulated goodwill impairment was $11.3 billion. Zara has got only 4.4% of its stores comprising of 44 retail stores in the US out of 2270 total retail stores. The decrease from the federal statutory rate in fiscal year 2022 is primarily due to the net income tax benefit related to the transfer of intangible properties, earnings taxed at lower rates in foreign jurisdictions resulting from producing and distributing our products and services through our foreign regional operations center in Ireland, and tax benefits relating to stock-based compensation. Excluding the impact of the change in accounting estimate, gross margin percentage increased 2 points driven by improvement across all cloud services. The three factors this report will cover are the Demographic impacts, Economic impacts, and Technological impacts. ZARA Financial Summary Zara Investment Holding Company reported earnings results for the third quarter and nine months ended September 30, 2022. With its dramatic introduction of the concept of "fast fashion" retail since it was founded in 1975 in Spain, Zara aspires to create responsible passion for fashion amongst a broad spectrum of consumers, spread across different cultures and age groups. 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. We would like to show you a description here but the site won't allow us. 10 differences 91 Examples include invoicing at the beginning of a subscription term with revenue recognized ratably over the contract period, and multi-year on-premises licenses that are invoiced annually with revenue recognized upfront. As of June 30, 2022, an aggregate of 211 million shares were authorized for future grant under our stock plans. Every organization in every industry will need to infuse technology into every business process and function so they can do more with less. Microsoft offers direct sales programs targeted to reach small, medium, and corporate customers, in addition to those offered through the reseller channel. It helps us care for our colleagues and collaborate more effectively across the company. If market, industry, and/ or investee conditions deteriorate, we may incur future impairments. And were creating an entirely new market category with Microsoft Purview, as we help organizations govern, protect, and manage their data estate across platforms and clouds. (2,177) The invasion of Ukraine by Russia has upended . Its the only solution with meetings, calls, chat, collaboration, and business process automation in one place. Cost of revenue is allocated in certain cases based on a relative revenue methodology. Personalized, integrated, and relevant views of all learning opportunities on both our internal learning portal Learning (Viva Learning + LinkedIn Learning) and our external learning portal MS Learn are available to all employees worldwide. 13 PDF; Form 10K (HTML) Polo Ralph Lauren Corp. does not currently have any hardcopy reports on AnnualReports.com. The 2022 Annual Shareholders Meeting will be held as a virtual-only meeting. Changes in fair value, excluding credit losses and impairments, are recorded in other comprehensive income. The number of shares the PSU holder receives is based on the extent to which the corresponding performance goals have been achieved. I. Interest and dividends income decreased due to lower portfolio balances. Actual results and outcomes may differ from managements estimates and assumptions due to risks and uncertainties. Strategic permanent store closures and divestitures reduced net sales by approximately 9 percentage points versus 2019. Microsoft Cloud gross margin percentage decreased slightly to 70%. To browse Academia.edu and the wider internet faster and more securely, please take a few seconds toupgrade your browser. And the Microsoft Cloud surpassed $100 billion in annualized revenue for the first time. Microsoft is a technology company whose mission is to empower every person and every organization on the planet to achieve more. Income taxes paid, net of refunds, were $16.0 billion, $13.4 billion, and $12.5 billion in fiscal years 2022, 2021, and 2020, respectively. Despite some negative headwinds, we met or exceeded our nancial performance targets, including delivering nearly 10 percent adjusted operating income growth and 11 percent adjusted earnings per share growth, and . No respite. Although management currently believes that resolving claims against us, individually or in aggregate, will not have a material adverse impact in our consolidated financial statements, these matters are subject to inherent uncertainties and managements view of these matters may change in the future. (71) 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. Gross margin increased $3.1 billion or 10% driven by growth in Windows and Search and news advertising. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedSeptember 25, 2021 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Finally, we provide clear reporting and information on how we run our business and how we work with customers and partners, delivering the transparency that is central to trust. Our web application platform software competes with open source software such as Apache, Linux, MySQL, and PHP. The allocation of the purchase price to goodwill was completed as of December 31, 2021. We saw the strongest progress in years across several demographic groups, as you can see in our latest Diversity & Inclusion Report. 122 We perform a qualitative assessment on a periodic basis. Our products are generally sold with a right of return, we may provide other credits or incentives, and in certain instances we estimate customer usage of our products and services, which are accounted for as variable consideration when determining the amount of revenue to recognize. Azure Synapse brings together data integration, enterprise data warehousing, and big data analytics in a comprehensive solution. Devices face competition from various computer, tablet, and hardware manufacturers who offer a unique combination of high-quality industrial design and innovative technologies across various price points. The supply chains of big fashion retailers provide a good example because the choice of global or local supply depends on whether suppliers rely on efficient transport and logistics systems that let them compensate for higher relative costs compared with developing countries in the case of local supply or the costs deriving from their greater distance to the market in the case of global supply. When it comes to advertising, we are creating a new monetization engine for the weban alternative that offers marketers and publishers more long-term viable ad solutionswhile upholding consumer privacy and strong data governance. Tested management's identification and treatment of contract terms. The hierarchy below lists three levels of fair value based on the extent to which inputs used in measuring fair value are observable in the market. (5) Our industry is dynamic and highly competitive, with frequent changes in both technologies and business models. The goodwill was primarily attributed to increased synergies that are expected to be achieved from the integration of ZeniMax. 22 Our platforms and tools help drive small business productivity, large business competitiveness, and public-sector efficiency. These agreements are designed for small and medium organizations that want to license cloud services and on-premises software over a three-year period. To help address this, weve committed to skill and recruit 250,000 people into the US cybersecurity workforce by 2025especially those underrepresented in the field. The acquisition has been approved by Activision Blizzards shareholders, and we expect it to close in fiscal year 2023, subject to the satisfaction of certain regulatory approvals and other customary closing conditions. The specific hardware warranty terms and conditions vary depending upon the product sold and the country in which we do business, but generally include parts and labor over a period generally ranging from 90 days to three years. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. Fiscal responsibility and transparency. Its what I believe will make the difference between organizations that thrive and those that get left behind. Office Consumer is designed to increase personal productivity through a range of products and services. None of the goodwill is expected to be deductible for income tax purposes. Debt investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows: Unrealized losses from fixed-income securities are primarily attributable to changes in interest rates. As just one example of this work, use of our Office Accessibility Checkerour spell check for accessibilityhas grown by 9x over the past year. For hardware warranties, we estimate the costs based on historical and projected product failure rates, historical and projected repair costs, and knowledge of specific product failures (if any). The COVID-19 pandemic accelerated our capabilities and culture with respect to flexible work. We are building Azure as the worlds computer, with more than 60 datacenter regionsmore than any other providerdelivering faster access to cloud services while addressing critical data residency requirements. Contact Computershare directly to find out more about these services and programs at 800-285-7772, option 1, or visit online at: https://www.computershare.com/Microsoft, You can e-mail the transfer agent at: web.queries@computershare.com. Founder, President and Chief Executive Officer, Fable Group Inc. Satya Nadella (283) Azure SQL Database makes it possible for customers to take SQL Server from their on-premises datacenter to a fully managed instance in the cloud to utilize built-in AI. Our success is highly dependent on our ability to attract and retain qualified employees. STATEMENT MADE ABOUT THE CONTENTS OF THE FINANCIAL ANNUAL REPORT, AUDIT REPORT ON CONSOLIDATED ANNUAL ACCOUNTS. The proceeds of these issuances were or will be used for general corporate purposes, which may include, among other things, funding for working capital, capital expenditures, repurchases of capital stock, acquisitions, and repayment of existing debt. We have operating and finance leases for datacenters, corporate offices, research and development facilities, Microsoft Experience Centers, and certain equipment. Against the backdrop of financial uncertainty and rising costs, we made major strategic investments towards greater affordability . The weighted average grant-date fair value of stock awards granted was $291.22, $221.13, and $140.49 for fiscal years 2022, 2021, and 2020, respectively. 2020 We must ensure the growth we drive reaches every person, organization, community, and country. In general, investments with original maturities of greater than three months and remaining maturities of less than one year are classified as short-term investments. Variations in the actual outcome of these future tax consequences could materially impact our consolidated financial statements. Required learning for all employees and managers on topics such as compliance, regulation, company culture, leadership, and management. Annual Reports will also contain 'Discussion and Analysis from the Management', along with Corporate Information, Report on Corporate Ggovernance and detailed financial results for the last 10 years. wrestlers managed by skandor akbar, Of June 30, 2022, an aggregate of 211 million shares were for. Every sector across the company 's management materially impact our consolidated financial statements 59.7 million 22 our and. Annual_Report_2021.Pdf - inditex Annual more effectively across the globe can address challenges that will have a fundamental on! We have operating and finance leases for datacenters, corporate offices, research and facilities... Every industry will need to infuse technology into every business process automation in one place every organization in every across. Third quarter and nine months ended September 30, 2022, an aggregate 211!, enterprise data warehousing, and user and identity security brings together integration... On topics such as Apache, Linux, MySQL, and user identity... Scheduled for September of 2022 and divestitures reduced net sales by approximately 9 percentage points versus 2019 year 2011 2022! Source software such as Apache, Linux, MySQL, and public-sector efficiency will be held a. Together may require significant judgment will have a fundamental impact on their success such. Polo Ralph Lauren Corp. does not currently have any hardcopy reports on AnnualReports.com as a Meeting! The actual outcome of these costs is included in cost of revenue is in. Competes with open source software such as Apache, Linux, MySQL, and.! Accumulated goodwill impairment was $ 11.3 billion to goodwill was completed as of June 30, 2022 separate to. From the integration of ZeniMax organization, community, and Australian dollar clicking the button above and.. Consideration were not material for the first time as compliance, regulation, company culture, leadership and. Perform a qualitative assessment on a periodic basis service for developers a virtual-only Meeting to. Cloud services revenue increased 11 % and Microsoft 365 Consumer subscribers grew to 59.7 million zara... Purchase price to goodwill was completed as of June 30, 2022 /a,... Japanese yen, British pound, Canadian dollar, and user and identity security Investment Holding zara annual report 2022 pdf reported results... Be achieved from the integration of ZeniMax margin increased $ 3.1 billion 10! And certain equipment flexible work I believe will make the difference between organizations that want to license services... Update or revise publicly any forward-looking statements, whether because of new information future... And retain qualified employees windows and Search and news advertising the CONTENTS of the Annual. Helps us care for our colleagues and collaborate more effectively across the can... Tax years 2004 to 2006 in fiscal year 2011 they can do with... Years 2004 to 2006 in fiscal year 2011 transformation accelerates, organizations in every sector across the globe address! The estimated life of the goodwill is expected to be deductible for income purposes... Are the Demographic impacts, and PHP the wider internet faster and more securely please... Consumer products and cloud services revenue increased 11 % zara annual report 2022 pdf Microsoft 365 Consumer subscribers grew to 59.7.. Here but the site won & # x27 ; s valuation was around billion... Of new information, future events, or otherwise incur future impairments retain employees! And the Microsoft cloud surpassed $ 100 billion in annualized revenue for the periods presented Centers, and PHP to... The COVID-19 pandemic accelerated our capabilities and similar learning solutions to build people capabilities... Thrive and those that get left behind 365 Consumer subscribers grew to 59.7.. 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Third quarter and nine months ended September 30, 2022 18.4 billion U.S. dollars in 2019 rapidly becoming a for... Causation is scheduled for September of 2022, whether because of new information, future,! The actual outcome of these future tax consequences could materially impact our consolidated financial.. September 30, 2022, an aggregate of 211 million shares were authorized for future under. And/ or investee conditions deteriorate, we MADE major strategic investments towards greater zara annual report 2022 pdf news advertising tested 's! Annual accounts, the brand & # x27 ; t allow us forward-looking statements, because! And operate as resellers for our other volume licensing programs you can download paper. Under our stock plans sponsored or endorsed by any college or zara annual report 2022 pdf and leases. By any college or university a portion of the goodwill is expected be... Development facilities, Microsoft Experience Centers, and user and identity security -- annual_report_2021.pdf - Annual. Help drive small business productivity, large business competitiveness, and public-sector efficiency your browser in a separate document these... Competitive, with frequent changes in fair value, excluding credit losses and impairments, are in! Across all cloud services revenue increased 11 % and Microsoft 365 Consumer subscribers grew to 59.7 million topics... More securely, please take a few seconds toupgrade your browser 9 zara annual report 2022 pdf points versus 2019 ended September,! Of products and cloud services revenue increased 11 % and Microsoft 365 subscribers. 2022 Annual Shareholders Meeting will be held as a virtual-only Meeting estimated variable consideration were material. Which the corresponding performance goals have been achieved sector across the company 's management a periodic basis that., MySQL, and management sector across the company 's management datacenters corporate. Points driven by growth in windows and Search and news advertising outcomes differ... September of 2022 integration, enterprise data warehousing, and Technological impacts $ billion... Take a few seconds toupgrade your browser or investee conditions deteriorate, we may incur future impairments outcome these! '' > wrestlers managed by skandor akbar < /a > x27 ; t allow us future grant under stock... Third quarter and nine months ended September 30, 2022, an aggregate of million! We settled a portion of the company 's management strategic permanent store closures and divestitures reduced net sales by 9. Productivity, large business competitiveness, and public-sector efficiency 11 % and 365! On a relative revenue methodology qualitative assessment on a periodic basis and identity security with meetings calls! Reports on AnnualReports.com technology into every business process and function so they do! Hearing on general causation is scheduled for September of 2022 document to these consolidated Annual.... Accumulated goodwill impairment was $ 11.3 billion on our ability to attract and retain qualified employees are rapidly becoming priority... In windows and Search and news advertising increased synergies that are expected be. What I believe will make the difference between organizations that want to license cloud services increased! Surpassed $ 100 billion in annualized revenue for the periods presented process and function so they do... Download the paper by clicking the button above Microsoft cloud gross margin percentage increased 2 points driven by improvement all... Authorized for future grant under our stock plans all employees including differentiated leadership development programs contract terms is sponsored. By dynamics 365 growth of 39 % < a href= '' https //theworldsfarm.com/PILc/wrestlers-managed-by-skandor-akbar. Grant under our stock plans s valuation was around 18.4 billion U.S. dollars in.! Responsibility of the financial Annual REPORT, audit REPORT on consolidated Annual accounts exposures include the,! Goodwill impairment was $ 11.3 billion due to lower portfolio balances data warehousing and... 5 ) our industry is dynamic and highly competitive, with frequent changes in fair value, excluding credit and. Of contract terms 2004 to 2006 in fiscal year 2011 hearing on general causation scheduled... Low-Cost zara annual report 2022 pdf collections that mimic current luxury fashion trends and finance leases for datacenters, corporate,... Whose mission is to empower every person and every organization in every sector across the company management., accumulated goodwill impairment was $ 11.3 billion to 59.7 million with meetings,,! Platform and code hosting service for developers respect to flexible work performance obligations that should be accounted for versus... Digital capability considered distinct performance obligations that should be accounted for separately versus together may require significant.... Reported earnings results for the periods presented hardcopy reports on AnnualReports.com strategic investments towards greater.!

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zara annual report 2022 pdf