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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2018
Net revenue:      
Total net revenue $ 7,679 $ 6,784 $ 6,025
Cost of revenue:      
Amortization of acquired technology 22 20 15
Selling and marketing 2,048 1,927 1,631
Research and development 1,392 1,233 1,186
General and administrative 679 597 664
Amortization of other acquired intangible assets 6 6 6
Total costs and expenses 5,503 4,930 4,465
Operating income 2,176 1,854 1,560
Interest expense (14) (15) (20)
Interest and other income, net 36 42 26
Income before income taxes 2,198 1,881 1,566
Income tax provision 372 324 237
Net income $ 1,826 $ 1,557 $ 1,329
Basic net income per share (in dollars per share) $ 6.99 $ 5.99 $ 5.18
Shares used in basic per share calculations (in shares) 261 260 256
Diluted net income per share (in dollars per share) $ 6.92 $ 5.89 $ 5.09
Shares used in diluted per share calculations (in shares) 264 264 261
Cash dividends declared per common share (in dollars per share) $ 2.12 $ 1.88 $ 1.56
Product      
Net revenue:      
Total net revenue $ 1,635 $ 1,623 $ 1,624
Cost of revenue:      
Cost of revenue 72 77 82
Service and other      
Net revenue:      
Total net revenue 6,044 5,161 4,401
Cost of revenue:      
Cost of revenue $ 1,284 $ 1,070 $ 881