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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 30, 2017
Jul. 31, 2016
Jul. 30, 2017
Jul. 31, 2016
Revenue $ 2,230 $ 1,428 $ 4,167 $ 2,733
Cost of revenue 928 602 1,715 1,156
Gross profit 1,302 826 2,452 1,577
Operating expenses        
Research and development 416 350 827 697
Sales, general and administrative 198 157 383 316
Restructuring and other charges 0 2 0 3
Total operating expenses 614 509 1,210 1,016
Income from operations 688 317 1,242 561
Interest income 15 12 31 23
Interest expense (15) (12) (31) (23)
Other, net (4) 0 (21) (3)
Total other income (expense) (4) 0 (21) (3)
Income before income tax expense 684 317 1,221 558
Income tax expense 101 56 130 89
Net income $ 583 $ 261 $ 1,091 $ 469
Basic net income per share [1] $ 0.98 $ 0.49 $ 1.83 $ 0.88
Diluted net income per share [2] $ 0.92 $ 0.41 $ 1.71 $ 0.76
Weighted average shares used in basic per share computation 597 534 595 536
Weighted average shares used in diluted per share computation 633 634 637 620
Cash dividends declared and paid per common share $ 0.140 $ 0.115 $ 0.280 $ 0.230
[1] Calculated as net income divided by basic weighted average shares.
[2] Calculated as net income divided by diluted weighted average shares.