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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Jul. 31, 2019
Net revenue:      
Net revenue: $ 9,633 $ 7,679 $ 6,784
Cost of revenue:      
Amortization of acquired technology 50 22 20
Selling and marketing 2,644 2,048 1,927
Research and development 1,678 1,392 1,233
General and administrative 982 679 597
Amortization of other acquired intangible assets 146 6 6
Total costs and expenses 7,133 5,503 4,930
Operating income 2,500 2,176 1,854
Interest expense (29) (14) (15)
Interest and other income, net 85 36 42
Income before income taxes 2,556 2,198 1,881
Income tax provision 494 372 324
Net income $ 2,062 $ 1,826 $ 1,557
Basic net income per share (in dollars per share) $ 7.65 $ 6.99 $ 5.99
Shares used in basic per share calculations (in shares) 270 261 260
Diluted net income per share (in dollars per share) $ 7.56 $ 6.92 $ 5.89
Shares used in diluted per share calculations (in shares) 273 264 264
Cash dividends declared per common share (in dollars per share) $ 2.36 $ 2.12 $ 1.88
Product      
Net revenue:      
Net revenue: $ 1,698 $ 1,635 $ 1,623
Cost of revenue:      
Cost of Goods and Services Sold 69 72 77
Service and other      
Net revenue:      
Net revenue: 7,935 6,044 5,161
Cost of revenue:      
Cost of Goods and Services Sold $ 1,564 $ 1,284 $ 1,070