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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 25, 2020
Jul. 27, 2019
Jul. 28, 2018
REVENUE:      
Revenue $ 49,301 $ 51,904 $ 49,330
COST OF SALES:      
Total cost of sales 17,618 19,238 18,724
GROSS MARGIN 31,683 32,666 30,606
OPERATING EXPENSES:      
Research and development 6,347 6,577 6,332
Sales and marketing 9,169 9,571 9,242
General and administrative 1,925 1,827 2,144
Amortization of purchased intangible assets 141 150 221
Restructuring and other charges 481 322 358
Total operating expenses 18,063 18,447 18,297
OPERATING INCOME 13,620 14,219 12,309
Interest income 920 1,308 1,508
Interest expense (585) (859) (943)
Other income (loss), net 15 (97) 165
Interest and other income (loss), net 350 352 730
INCOME BEFORE PROVISION FOR INCOME TAXES 13,970 14,571 13,039
Provision for income taxes 2,756 2,950 12,929
NET INCOME $ 11,214 $ 11,621 $ 110
Net income per share:      
Basic (in dollars per share) $ 2.65 $ 2.63 $ 0.02
Diluted (in dollars per share) $ 2.64 $ 2.61 $ 0.02
Shares used in per-share calculation:      
Basic (in shares) 4,236 4,419 4,837
Diluted (in shares) 4,254 4,453 4,881
Product      
REVENUE:      
Revenue $ 35,978 $ 39,005 $ 36,709
COST OF SALES:      
Total cost of sales 13,199 14,863 14,427
Service      
REVENUE:      
Revenue 13,323 12,899 12,621
COST OF SALES:      
Total cost of sales $ 4,419 $ 4,375 $ 4,297