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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jan. 31, 2016
Jan. 25, 2015
Jan. 26, 2014
Revenue $ 5,010 $ 4,682 $ 4,130
Cost of revenue 2,199 2,083 1,862
Gross profit 2,811 2,599 2,268
Operating expenses      
Research and development 1,331 1,360 1,336
Sales, general and administrative 602 480 436
Restructuring and other charges 131 0 0
Total operating expenses 2,064 1,840 1,772
Income from operations 747 759 496
Interest income 39 28 17
Interest expense (47) (46) (10)
Other income, net 4 14 7
Income before income tax expense 743 755 510
Income tax expense 129 124 70
Net income $ 614 $ 631 $ 440
Basic net income per share $ 1.13 $ 1.14 $ 0.75
Diluted net income per share $ 1.08 $ 1.12 $ 0.74
Weighted average shares used in basic per share computation (in shares) 543 552 588
Weighted average shares used in diluted per share computation (in shares) 569 563 595
Cash dividends declared and paid per common share $ 0.3950 $ 0.3400 $ 0.3100