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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
May 01, 2021
Apr. 25, 2020
May 01, 2021
Apr. 25, 2020
REVENUE:        
Total revenue $ 12,803 $ 11,983 $ 36,692 $ 37,147
COST OF SALES:        
Total cost of sales 4,618 4,212 13,142 13,148
GROSS MARGIN 8,185 7,771 23,550 23,999
OPERATING EXPENSES:        
Research and development 1,697 1,546 4,836 4,782
Sales and marketing 2,317 2,192 6,811 6,951
General and administrative 603 457 1,631 1,431
Amortization of purchased intangible assets 61 34 136 108
Restructuring and other charges 42 128 878 354
Total operating expenses 4,720 4,357 14,292 13,626
OPERATING INCOME 3,465 3,414 9,258 10,373
Interest income 153 218 488 733
Interest expense (111) (130) (336) (466)
Other income (loss), net 84 (58) 117 24
Interest and other income (loss), net 126 30 269 291
INCOME BEFORE PROVISION FOR INCOME TAXES 3,591 3,444 9,527 10,664
Provision for income taxes 728 670 1,945 2,086
NET INCOME $ 2,863 $ 2,774 $ 7,582 $ 8,578
Net income per share:        
Basic (in dollars per share) $ 0.68 $ 0.66 $ 1.79 $ 2.02
Diluted (in dollars per share) $ 0.68 $ 0.65 $ 1.79 $ 2.01
Shares used in per-share calculation:        
Basic (in shares) 4,219 4,230 4,224 4,239
Diluted (in shares) 4,238 4,243 4,237 4,258
Product        
REVENUE:        
Total revenue $ 9,139 $ 8,597 $ 26,298 $ 27,146
COST OF SALES:        
Total cost of sales 3,422 3,120 9,672 9,770
Services        
REVENUE:        
Total revenue 3,664 3,386 10,394 10,001
COST OF SALES:        
Total cost of sales $ 1,196 $ 1,092 $ 3,470 $ 3,378