has shown a positive influence over the past three years. However, net cash flow from financing activities showed an upward and downward trend, as did operating activities. For financing cash flow items, there were huge decreases between 2012 and 2014. However, net borrowings increased by 21.28% in 2013. This also influenced the negative impact on other activities financing. In 2014, net borrowings increased rapidly by 96.83%, which mainly explains the positive impact on cash flow from financing activities. Net cash flow from financing activities increased by 13.39% between 2012 and 2013. However, between 2013 and 2014, it decreased slightly by 1.79%. In 2014, Microsoft Corp. recorded a larger increase in its net income and depreciation and a smaller increase in its net income adjustment compared to the other two previous years.