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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 29, 2017
Oct. 30, 2016
Oct. 29, 2017
Oct. 30, 2016
Revenue $ 2,636 $ 2,004 $ 6,803 $ 4,737
Cost of revenue 1,067 821 2,782 1,977
Gross profit 1,569 1,183 4,021 2,760
Operating expenses        
Research and development 462 373 1,290 1,069
Sales, general and administrative 212 171 594 487
Restructuring and other charges 0 0 0 3
Total operating expenses 674 544 1,884 1,559
Income from operations 895 639 2,137 1,201
Interest income 17 14 48 37
Interest expense (15) (16) (46) (39)
Other, net (1) (16) (22) (19)
Total other income (expense) 1 (18) (20) (21)
Income before income tax expense 896 621 2,117 1,180
Income tax expense 58 79 189 168
Net income $ 838 $ 542 $ 1,928 $ 1,012
Basic net income per share [1] $ 1.39 $ 1.01 $ 3.23 $ 1.89
Diluted net income per share [2] $ 1.33 $ 0.83 $ 3.05 $ 1.59
Weighted average shares used in basic per share computation 603 538 597 536
Weighted average shares used in diluted per share computation 628 653 633 636
Cash dividends declared and paid per common share $ 0.140 $ 0.115 $ 0.420 $ 0.345
[1] Calculated as net income divided by basic weighted average shares.
[2] Calculated as net income divided by diluted weighted average shares.