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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 25, 2015
Oct. 26, 2014
Oct. 25, 2015
Oct. 26, 2014
Revenue $ 1,305 $ 1,225 $ 3,609 $ 3,431
Cost of revenue 571 549 1,589 1,531
Gross profit 734 676 2,020 1,900
Operating expenses        
Research and development 329 340 987 1,011
Sales, general and administrative 152 123 441 361
Restructuring and other charges 8 0 97 0
Total operating expenses 489 463 1,525 1,372
Income from operations 245 213 495 528
Interest income 9 7 28 20
Interest expense (12) (11) (35) (35)
Other income (expense), net 3 0 1 14
Income before income tax 245 209 489 527
Income tax expense (benefit) (1) 36 83 90
Net income $ 246 $ 173 $ 406 $ 437
Basic net income per share $ 0.45 $ 0.32 $ 0.75 $ 0.79
Diluted net income per share $ 0.44 $ 0.31 $ 0.72 $ 0.77
Weighted average shares used in basic per share computation 542 548 544 555
Weighted average shares used in diluted per share computation 565 558 563 566
Cash dividends declared and paid per common share $ 0.0975 $ 0.0850 $ 0.2800 $ 0.2550