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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 24, 2017
Revenues $ 2,314,329 $ 2,480,066 $ 2,295,615
Cost of Revenue 813,823 853,945 849,135
Gross margin 1,500,506 1,626,121 1,446,480
Research and Development Expense 435,222 450,943 453,977
Selling, General and Administrative Expense 308,617 322,918 291,511
Amortization of Intangible Assets 3,041 4,467 9,189
Asset Impairment Charges 753 892 7,517
Severance and Restructuring Charges 5,632 15,060 12,453
Operating Expenses 753,408 792,673 751,703
Other Operating Income 143 1,607 22,944
Operating income (loss) 747,098 833,448 694,777
Other Nonoperating Income (Expense) 7,323 (8,563) (15,188)
Income before provision for income taxes 754,421 824,885 679,589
Provision for income taxes (73,065) 357,567 107,976
Net income $ 827,486 $ 467,318 $ 571,613
Earnings per share:      
Basic net income per share $ 3.01 $ 1.66 $ 2.02
Diluted net income per share $ 2.97 $ 1.64 $ 1.98
Shares used in the calculation of earnings per share:      
Weighted Average Number of Shares Outstanding, Basic 274,966 280,979 283,147
Diluted 278,777 285,674 287,974
Dividends paid per share $ 1.84 $ 1.56 $ 1.32