v2.4.0.6

Consolidated Statements Of Operations (USD $) In Millions, except Per Share data, unless otherwise specified | 12 Months Ended
--- | ---
Jul. 28, 2012 | Jul. 30, 2011 | Jul. 31, 2010
NET SALES: |  |  |
Product | $ 36,326 | $ 34,526 | $ 32,420
Service | 9,735 | 8,692 | 7,620
Total net sales | 46,061 | 43,218 | 40,040
COST OF SALES: |  |  |
Product | 14,505 | 13,647 | 11,620
Service | 3,347 | 3,035 | 2,777
Total cost of sales | 17,852 | 16,682 | 14,397
GROSS MARGIN | 28,209 | 26,536 | 25,643
OPERATING EXPENSES: |  |  |
Research and development | 5,488 | 5,823 | 5,273
Sales and marketing | 9,647 | 9,812 | 8,782
General and administrative | 2,322 | 1,908 | 1,933
Amortization of purchased intangible assets | 383 | 520 | 491
Restructuring And Other Charges | 304 | 799 |
Total operating expenses | 18,144 | 18,862 | 16,479
OPERATING INCOME | 10,065 | 7,674 | 9,164
Interest income | 650 | 641 | 635
Interest expense | (596) | (628) | (623)
Other income, net | 40 | 138 | 239
Interest and other income, net | 94 | 151 | 251
INCOME BEFORE PROVISION FOR INCOME TAXES | 10,159 | 7,825 | 9,415
Provision for income taxes | 2,118 | 1,335 | 1,648
NET INCOME | $ 8,041 | $ 6,490 | $ 7,767
Net income per share |  |  |
Basic | $ 1.50 | $ 1.17 | $ 1.36
Diluted | $ 1.49 | $ 1.17 | $ 1.33
Shares used in per-share calculation |  |  |
Basic | 5,370 | 5,529 | 5,732
Diluted | 5,404 | 5,563 | 5,848
Cash dividends declared per common share | $ 0.28 | $ 0.12 |

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