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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 30, 2017
May 01, 2016
Revenue $ 1,937 $ 1,305
Cost of revenue 787 554
Gross profit 1,150 751
Operating expenses    
Research and development 411 346
Sales, general and administrative 185 159
Restructuring and other charges 0 1
Total operating expenses 596 506
Income from operations 554 245
Interest income 16 12
Interest expense (16) (12)
Other, net (18) (4)
Total other income (expense) (18) (4)
Income before income tax expense 536 241
Income tax expense 29 33
Net income $ 507 $ 208
Basic net income per share [1] $ 0.86 $ 0.39
Diluted net income per share [2] $ 0.79 $ 0.35
Weighted average shares used in basic per share computation 592 537
Weighted average shares used in diluted per share computation 641 599
Cash dividends declared and paid per common share $ 0.140 $ 0.115
[1] Calculated as net income divided by basic weighted average shares.
[2] Calculated as net income divided by diluted weighted average shares.