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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Apr. 25, 2020
Apr. 27, 2019
Apr. 25, 2020
Apr. 27, 2019
REVENUE:        
Total revenue $ 11,983 $ 12,958 $ 37,147 $ 38,476
COST OF SALES:        
Total cost of sales 4,212 4,785 13,148 14,384
GROSS MARGIN 7,771 8,173 23,999 24,092
OPERATING EXPENSES:        
Research and development 1,546 1,659 4,782 4,824
Sales and marketing 2,192 2,403 6,951 7,084
General and administrative 457 541 1,431 1,261
Amortization of purchased intangible assets 34 39 108 112
Restructuring and other charges 128 18 354 282
Total operating expenses 4,357 4,660 13,626 13,563
OPERATING INCOME 3,414 3,513 10,373 10,529
Interest income 218 331 733 1,003
Interest expense (130) (211) (466) (655)
Other income (loss), net (58) (18) 24 (10)
Interest and other income (loss), net 30 102 291 338
INCOME BEFORE PROVISION FOR INCOME TAXES 3,444 3,615 10,664 10,867
Provision for income taxes 670 571 2,086 1,452
NET INCOME $ 2,774 $ 3,044 $ 8,578 $ 9,415
Net income per share:        
Basic (in dollars per share) $ 0.66 $ 0.70 $ 2.02 $ 2.11
Diluted (in dollars per share) $ 0.65 $ 0.69 $ 2.01 $ 2.09
Shares used in per-share calculation:        
Basic (in shares) 4,230 4,370 4,239 4,468
Diluted (in shares) 4,243 4,415 4,258 4,509
Product        
REVENUE:        
Total revenue $ 8,597 $ 9,722 $ 27,146 $ 28,885
COST OF SALES:        
Total cost of sales 3,120 3,693 9,770 11,106
Service        
REVENUE:        
Total revenue 3,386 3,236 10,001 9,591
COST OF SALES:        
Total cost of sales $ 1,092 $ 1,092 $ 3,378 $ 3,278