XML 116 R100.htm IDEA: XBRL DOCUMENT v3.8.0.1
Supplementary Financial Information (Unaudited) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Oct. 28, 2017
Jul. 29, 2017
Apr. 29, 2017
Jan. 28, 2017
Oct. 29, 2016
Jul. 30, 2016
Apr. 30, 2016
Jan. 30, 2016
Oct. 28, 2017
Oct. 29, 2016
Oct. 31, 2015
Supplementary Financial Information                      
Revenue $ 1,541,170 $ 1,433,902 $ 1,147,982 $ 984,449 $ 1,003,623 $ 869,591 $ 778,766 $ 769,429 $ 5,107,503 $ 3,421,409 $ 3,435,092
Cost of sales 535,145 667,278 507,539 335,945 336,936 297,301 267,863 292,136 2,045,907 [1] 1,194,236 [1] 1,175,830 [1]
Gross margin $ 1,006,025 $ 766,624 $ 640,443 $ 648,504 $ 666,687 $ 572,290 $ 510,903 $ 477,293 3,061,596 2,227,173 2,259,262
% of Revenue 65.30% 53.50% 55.80% 65.90% 66.40% 65.80% 65.60% 62.00%      
Research and development $ 273,746 $ 275,670 $ 235,232 $ 183,954 $ 172,926 $ 163,227 $ 160,235 $ 157,428 968,602 [1] 653,816 [1] 637,459 [1]
Selling, marketing, general and administrative 185,721 183,980 190,686 130,659 118,881 122,909 112,186 107,462 691,046 [1] 461,438 [1] 478,972 [1]
Special charges 0 0 0 49,463 0 0 13,684 0 49,463 13,684 0
Other operating expense 0 0 0 0 0 0 0 0 0 0 223,672
Amortization of intangibles 98,348 112,153 68,690 18,160 17,899 17,447 17,419 17,358 297,351 70,123 88,318
Total operating expenses 557,815 571,803 494,608 382,236 309,706 303,583 303,524 282,248 2,006,462 1,199,061 1,428,421
Operating income $ 448,210 $ 194,821 $ 145,835 $ 266,268 $ 356,981 $ 268,707 $ 207,379 $ 195,045 1,055,134 1,028,112 830,841
% of Revenue 29.00% 14.00% 13.00% 27.00% 36.00% 31.00% 27.00% 25.00%      
Nonoperating (income) expenses:                      
Interest expense $ 63,517 [2] $ 73,073 [2] $ 71,636 [2] $ 42,614 [2] $ 38,764 [2] $ 18,476 [2] $ 18,455 [2] $ 13,062 [2] 250,840 88,757 27,030
Interest income (2,388) (5,524) (12,421) (10,000) (7,114) (5,665) (5,243) (3,199) (30,333) (21,221) (8,625)
Other, net 5,417 474 (94) 345 1,897 (504) (743) 3,005 6,142 3,655 2,322
Total nonoperating (income) expense 66,546 68,023 59,121 32,959 33,547 12,307 12,469 12,868 226,649 71,191 20,727
Income before income taxes $ 381,664 $ 126,798 $ 86,714 $ 233,309 $ 323,434 $ 256,400 $ 194,910 $ 182,177 828,485 956,921 810,114
% of Revenue 25.00% 9.00% 8.00% 24.00% 32.00% 29.00% 25.00% 24.00%      
Provision for income taxes (b) $ 34,014 [3] $ 57,882 [3] $ (6,850) [3] $ 16,180 [3] $ 27,277 [3] $ 25,970 [3] $ 24,337 [3] $ 17,673 [3] $ 101,226 $ 95,257 $ 113,236
Net income $ 347,650 $ 68,916 $ 93,564 $ 217,129 $ 296,157 $ 230,430 $ 170,573 $ 164,504      
% of Revenue 23.00% 5.00% 8.00% 22.00% 30.00% 26.00% 22.00% 21.00%      
Earnings per share - Basic (in dollars per share)                      
Basic earnings per common share (USD per share) $ 0.94 $ 0.18 $ 0.27 $ 0.70 $ 0.96 $ 0.75 $ 0.55 $ 0.53      
Earnings per share - Diluted (in dollars per share)                      
Diluted earnings per common share (USD per share) $ 0.93 $ 0.18 $ 0.27 $ 0.69 $ 0.95 $ 0.74 $ 0.55 $ 0.52      
Shares used to compute earnings per share (in thousands):                      
Shares used to compute earnings per share - Basic (in shares) 368,043 367,315 341,316 308,786 307,854 307,135 308,790 311,166 346,371 308,736 312,660
Shares used to compute earnings per share - Diluted (in shares) 372,053 371,159 345,654 313,076 311,633 310,558 312,250 314,793 350,484 312,308 316,872
Dividends declared per share (USD per share) $ 0.45 $ 0.45 $ 0.45 $ 0.42 $ 0.42 $ 0.42 $ 0.42 $ 0.40 $ 1.77 $ 1.66 $ 1.57
Tax benefit from release of state tax credit valuation allowance     $ 15,000                
Tax expense related to post-acquisition integration   $ 98,200             $ 98,200    
Tax benefit related to reduction of reserves and interest   $ 50,500                  
[1] Includes stock-based compensation expense as follows:
[2] a) Interest expense in fiscal 2017 and the fourth quarter of fiscal 2016 includes interest and fees associated with financing commitments entered into in connection with the Acquisition.
[3] b) Provision for income taxes in the second quarter of fiscal 2017 included a tax benefit of $15.0 million for the release of a state tax credit valuation allowance as a result of the Acquisition. Provision for income taxes in the third quarter of fiscal 2017 included approximately $98.2 million of tax expense incurred during the quarter as part of the post-Acquisition integration, partially offset by a tax benefit of $50.5 million related to the reduction of reserves and related interest resulting from the U.S. Tax Court’s favorable ruling, as well as lower statutory tax rates applicable to our operations in the foreign jurisdictions in which we earn income.