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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Nov. 27, 2020
Nov. 29, 2019
Nov. 30, 2018
Revenue:      
Subscription $ 11,626 $ 9,634 $ 7,604
Product 507 648 622
Services and other 735 889 804
Total revenue 12,868 11,171 9,030
Cost of revenue:      
Subscription 1,108 926 574
Product 36 40 46
Services and other 578 707 575
Total cost of revenue 1,722 1,673 1,195
Gross profit 11,146 9,498 7,835
Operating expenses:      
Research and development 2,188 1,930 1,538
Sales and marketing 3,591 3,244 2,621
General and administrative 968 881 745
Amortization of intangibles 162 175 91
Total operating expenses 6,909 6,230 4,995
Operating income 4,237 3,268 2,840
Non-operating income (expense):      
Interest expense (116) (157) (89)
Investment gains (losses), net 13 52 3
Other income (expense), net 42 42 40
Total non-operating income (expense), net (61) (63) (46)
Income before income taxes 4,176 3,205 2,794
Provision for (benefit from) income taxes (1,084) 254 203
Net income $ 5,260 $ 2,951 $ 2,591
Basic net income per share $ 10.94 $ 6.07 $ 5.28
Shares used to compute basic net income per share 480.9 486.3 490.6
Diluted net income per share $ 10.83 $ 6.00 $ 5.20
Shares used to compute diluted net income per share 485.5 491.6 497.8