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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 27, 2024
Jul. 29, 2023
Jul. 30, 2022
REVENUE:      
Total revenue $ 53,803 $ 56,998 $ 51,557
COST OF SALES:      
Total cost of sales 18,975 21,245 19,309
GROSS MARGIN 34,828 35,753 32,248
OPERATING EXPENSES:      
Research and development 7,983 7,551 6,774
Sales and marketing 10,364 9,880 9,085
General and administrative 2,813 2,478 2,101
Amortization of purchased intangible assets 698 282 313
Restructuring and other charges 789 531 6
Total operating expenses 22,647 20,722 18,279
OPERATING INCOME 12,181 15,031 13,969
Interest income 1,365 962 476
Interest expense (1,006) (427) (360)
Other income (loss), net (306) (248) 392
Interest and other income (loss), net 53 287 508
INCOME BEFORE PROVISION FOR INCOME TAXES 12,234 15,318 14,477
Provision for income taxes 1,914 2,705 2,665
NET INCOME $ 10,320 $ 12,613 $ 11,812
Net income per share:      
Basic (in dollars per share) $ 2.55 $ 3.08 $ 2.83
Diluted (in dollars per share) $ 2.54 $ 3.07 $ 2.82
Shares used in per-share calculation:      
Basic (in shares) 4,043 4,093 4,170
Diluted (in shares) 4,062 4,105 4,192
Product      
REVENUE:      
Total revenue $ 39,253 $ 43,142 $ 38,018
COST OF SALES:      
Total cost of sales 14,339 16,590 14,814
Services      
REVENUE:      
Total revenue 14,550 13,856 13,539
COST OF SALES:      
Total cost of sales $ 4,636 $ 4,655 $ 4,495