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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Apr. 28, 2018
Apr. 29, 2017
Apr. 28, 2018
Apr. 29, 2017
REVENUE:        
Product $ 9,304 $ 8,885 $ 27,067 $ 26,678
Service 3,159 3,055 9,419 9,194
Total revenue 12,463 11,940 36,486 35,872
COST OF SALES:        
Product 3,625 3,405 10,594 10,113
Service 1,079 1,017 3,208 3,081
Total cost of sales 4,704 4,422 13,802 13,194
GROSS MARGIN 7,759 7,518 22,684 22,678
OPERATING EXPENSES:        
Research and development 1,590 1,507 4,706 4,560
Sales and marketing 2,325 2,226 6,894 6,866
General and administrative 561 487 1,601 1,498
Amortization of purchased intangible assets 67 59 188 201
Restructuring and other charges 82 70 332 614
Total operating expenses 4,625 4,349 13,721 13,739
OPERATING INCOME 3,134 3,169 8,963 8,939
Interest income 380 354 1,155 978
Interest expense (237) (219) (719) (639)
Other income (loss), net (24) (113) 48 (171)
Interest and other income (loss), net 119 22 484 168
INCOME BEFORE PROVISION FOR INCOME TAXES 3,253 3,191 9,447 9,107
Provision for income taxes 562 676 13,140 1,922
NET INCOME (LOSS) $ 2,691 $ 2,515 $ (3,693) $ 7,185
Net income (loss) per share:        
Basic (in dollars per share) $ 0.56 $ 0.50 $ (0.76) $ 1.43
Diluted (in dollars per share) $ 0.56 $ 0.50 $ (0.76) $ 1.42
Shares used in per-share calculation:        
Basic (in shares) 4,791 5,005 4,892 5,015
Diluted (in shares) 4,844 5,045 4,892 5,056
Cash dividends declared per common share (in dollars per share) $ 0.33 $ 0.29 $ 0.91 $ 0.81