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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Jun. 30, 2018
Revenues $ 2,191,395 $ 2,314,329 $ 2,480,066
Cost of Revenue 758,743 813,823 853,945
Gross margin 1,432,652 1,500,506 1,626,121
Research and Development Expense 440,166 435,222 450,943
Selling, General and Administrative Expense 296,722 308,617 322,918
Amortization of Intangible Assets 3,078 3,041 4,467
Asset Impairment Charges 0 753 892
Severance and Restructuring Charges 5,363 5,632 15,060
Operating Expenses 746,258 753,408 792,673
Other Operating Income 929 143 1,607
Operating income (loss) 686,394 747,098 833,448
Other Nonoperating Income (Expense) (8,298) 7,323 (8,563)
Income before provision for income taxes 678,096 754,421 824,885
Provision for income taxes 23,402 (73,065) 357,567
Net income $ 654,694 $ 827,486 $ 467,318
Earnings per share:      
Basic net income per share $ 2.43 $ 3.01 $ 1.66
Diluted net income per share $ 2.41 $ 2.97 $ 1.64
Shares used in the calculation of earnings per share:      
Weighted Average Number of Shares Outstanding, Basic 269,341 274,966 280,979
Diluted 272,028 278,777 285,674
Dividends paid per share $ 1.92 $ 1.84 $ 1.56