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Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 30, 2016
Jul. 25, 2015
Jul. 26, 2014
REVENUE:      
Product $ 37,254 $ 37,750 $ 36,172
Service 11,993 11,411 10,970
Total revenue 49,247 49,161 47,142
COST OF SALES:      
Product 14,161 15,377 15,641
Service 4,126 4,103 3,732
Total cost of sales 18,287 19,480 19,373
GROSS MARGIN 30,960 29,681 27,769
OPERATING EXPENSES:      
Research and development 6,296 6,207 6,294
Sales and marketing 9,619 9,821 9,503
General and administrative 1,814 2,040 1,934
Amortization of purchased intangible assets 303 359 275
Restructuring and other charges 268 484 418
Total operating expenses 18,300 18,911 18,424
OPERATING INCOME 12,660 10,770 9,345
Interest income 1,005 769 691
Interest expense (676) (566) (564)
Other income (loss), net (69) 228 243
Interest and other income (loss), net 260 431 370
INCOME BEFORE PROVISION FOR INCOME TAXES 12,920 11,201 9,715
Provision for income taxes 2,181 2,220 1,862
NET INCOME $ 10,739 $ 8,981 $ 7,853
Net income per share:      
Basic (in dollars per share) $ 2.13 $ 1.76 $ 1.50
Diluted (in dollars per share) $ 2.11 $ 1.75 $ 1.49
Shares used in per-share calculation:      
Basic (in shares) 5,053 5,104 5,234
Diluted (in shares) 5,088 5,146 5,281
Cash dividends declared per common share (in dollars per share) $ 0.94 $ 0.80 $ 0.72