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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 27, 2019
Jul. 28, 2018
Jul. 29, 2017
REVENUE:      
Revenue $ 51,904 $ 49,330 $ 48,005
COST OF SALES:      
Total cost of sales 19,238 18,724 17,781
GROSS MARGIN 32,666 30,606 30,224
OPERATING EXPENSES:      
Research and development 6,577 6,332 6,059
Sales and marketing 9,571 9,242 9,184
General and administrative 1,827 2,144 1,993
Amortization of purchased intangible assets 150 221 259
Restructuring and other charges 322 358 756
Total operating expenses 18,447 18,297 18,251
OPERATING INCOME 14,219 12,309 11,973
Interest income 1,308 1,508 1,338
Interest expense (859) (943) (861)
Other income (loss), net (97) 165 (163)
Interest and other income (loss), net 352 730 314
INCOME BEFORE PROVISION FOR INCOME TAXES 14,571 13,039 12,287
Provision for income taxes 2,950 12,929 2,678
NET INCOME $ 11,621 $ 110 $ 9,609
Net income per share:      
Basic (in dollars per share) $ 2.63 $ 0.02 $ 1.92
Diluted (in dollars per share) $ 2.61 $ 0.02 $ 1.90
Shares used in per-share calculation:      
Basic (in shares) 4,419 4,837 5,010
Diluted (in shares) 4,453 4,881 5,049
Product      
REVENUE:      
Revenue $ 39,005 $ 36,709 $ 35,705
COST OF SALES:      
Total cost of sales 14,863 14,427 13,699
Service      
REVENUE:      
Revenue 12,899 12,621 12,300
COST OF SALES:      
Total cost of sales $ 4,375 $ 4,297 $ 4,082