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Net Income per Share
12 Months Ended
Apr. 30, 2021
Earnings Per Share [Abstract]  
Net Income per Share

 

15. Net Income per Share

The following is a calculation of basic and diluted net income per share (in millions, except per share amounts):

 

 

 

Year Ended

 

 

 

April 30, 2021

 

 

April 24, 2020

 

 

April 26, 2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

730

 

 

$

819

 

 

$

1,169

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in basic computation

 

 

222

 

 

 

230

 

 

 

254

 

Dilutive impact of employee equity award plans

 

 

4

 

 

 

3

 

 

 

5

 

Shares used in diluted computation

 

 

226

 

 

 

233

 

 

 

259

 

Net Income per Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

3.29

 

 

$

3.56

 

 

$

4.60

 

Diluted

 

$

3.23

 

 

$

3.52

 

 

$

4.51

 

 

 Four million potential shares from outstanding employee equity awards were excluded from the diluted net income per share calculations for each of fiscal 2021 and 2020, while one million potential shares were excluded from the calculations for fiscal 2019, as their inclusion would have been anti-dilutive.