XML 103 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 25, 2015
Jul. 26, 2014
Jul. 27, 2013
REVENUE:      
Product $ 37,750 $ 36,172 $ 38,029
Service 11,411 10,970 10,578
Total revenue 49,161 47,142 48,607
COST OF SALES:      
Product 15,377 15,641 15,541
Service 4,103 3,732 3,626
Total cost of sales 19,480 19,373 19,167
GROSS MARGIN 29,681 27,769 29,440
OPERATING EXPENSES:      
Research and development 6,207 6,294 5,942
Sales and marketing 9,821 9,503 9,538
General and administrative 2,040 1,934 2,264
Amortization of purchased intangible assets 359 275 395
Restructuring and other charges 484 418 105
Total operating expenses 18,911 18,424 18,244
OPERATING INCOME 10,770 9,345 11,196
Interest income 769 691 654
Interest expense (566) (564) (583)
Other income (loss), net 228 243 (40)
Interest and other income (loss), net 431 370 31
INCOME BEFORE PROVISION FOR INCOME TAXES 11,201 9,715 11,227
Provision for income taxes 2,220 1,862 1,244
NET INCOME $ 8,981 $ 7,853 $ 9,983
Net income per share:      
Basic (in dollars per share) $ 1.76 $ 1.50 $ 1.87
Diluted (in dollars per share) $ 1.75 $ 1.49 $ 1.86
Shares used in per-share calculation:      
Basic (in shares) 5,104 5,234 5,329
Diluted (in shares) 5,146 5,281 5,380
Cash dividends declared per common share (in dollars per share) $ 0.80 $ 0.72 $ 0.62