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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 30, 2022
Jul. 31, 2021
Jul. 25, 2020
REVENUE:      
Total revenue $ 51,557 $ 49,818 $ 49,301
COST OF SALES:      
Total cost of sales 19,309 17,924 17,618
GROSS MARGIN 32,248 31,894 31,683
OPERATING EXPENSES:      
Research and development 6,774 6,549 6,347
Sales and marketing 9,085 9,259 9,169
General and administrative 2,101 2,152 1,925
Amortization of purchased intangible assets 313 215 141
Restructuring and other charges 6 886 481
Total operating expenses 18,279 19,061 18,063
OPERATING INCOME 13,969 12,833 13,620
Interest income 476 618 920
Interest expense (360) (434) (585)
Other income (loss), net 392 245 15
Interest and other income (loss), net 508 429 350
INCOME BEFORE PROVISION FOR INCOME TAXES 14,477 13,262 13,970
Provision for income taxes 2,665 2,671 2,756
NET INCOME $ 11,812 $ 10,591 $ 11,214
Net income per share:      
Basic (in dollars per share) $ 2.83 $ 2.51 $ 2.65
Diluted (in dollars per share) $ 2.82 $ 2.50 $ 2.64
Shares used in per-share calculation:      
Basic (in shares) 4,170 4,222 4,236
Diluted (in shares) 4,192 4,236 4,254
Product      
REVENUE:      
Total revenue $ 38,018 $ 36,014 $ 35,978
COST OF SALES:      
Total cost of sales 14,814 13,300 13,199
Service      
REVENUE:      
Total revenue 13,539 13,804 13,323
COST OF SALES:      
Total cost of sales $ 4,495 $ 4,624 $ 4,419