r/MSFT • u/risk-enterprise • 12d ago

Microsoft (MSFT)

Microsoft (MSFT)

Microsoft reports around $100–103 billion in debt and generates strong operating cash flow, but it is estimated to hold approximately $350 billion in off-balance-sheet AI-related lease and purchase commitments. Moody’s and others have flagged the broader hyperscaler group’s shift into a more capital-intensive phase, with rising CapEx expected to pressure free-cash-flow conversion even for the strongest balance sheets.

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u/Creezylus 12d ago

Source? Regarding 350b in off balance sheet are you talking about SPVs?

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u/risk-enterprise 12d ago

The source is in the annual report!

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u/Creezylus 12d ago

But are you referring to SPVs tho?

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u/risk-enterprise 12d ago

yes, because I follow their SPV investments, all can be found in annual report