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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 29, 2018
Apr. 30, 2017
Revenue $ 3,207 $ 1,937
Cost of revenue 1,139 787
Gross profit 2,068 1,150
Operating expenses    
Research and development 542 411
Sales, general and administrative 231 185
Total operating expenses 773 596
Income from operations 1,295 554
Interest income 25 16
Interest expense (15) (16)
Other, net 6 (18)
Total other income (expense) 16 (18)
Income before income tax 1,311 536
Income tax expense 67 29
Net income $ 1,244 $ 507
Basic net income per share [1] $ 2.05 $ 0.86
Diluted net income per share [2] $ 1.98 $ 0.79
Basic weighted average shares 606 592
Diluted weighted average shares 627 641
Cash dividends declared and paid per common share $ 0.150 $ 0.140
[1] Calculated as net income divided by basic weighted average shares.
[2] Calculated as net income divided by diluted weighted average shares.