XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Apr. 29, 2022
Apr. 30, 2021
Apr. 24, 2020
Revenues:      
Net revenues $ 6,318 $ 5,744 $ 5,412
Cost of revenues:      
Total cost of revenues 2,098 1,929 1,789
Gross profit 4,220 3,815 3,623
Operating expenses:      
Sales and marketing 1,857 1,744 1,585
Research and development 881 881 847
General and administrative 279 257 263
Restructuring charges 33 42 21
Acquisition-related expense 13 16 0
Gain on sale or derecognition of assets 0 (156) (38)
Total operating expenses 3,063 2,784 2,678
Income from operations 1,157 1,031 945
Other expense, net (62) (69) (1)
Income before income taxes 1,095 962 944
Provision for income taxes 158 232 125
Net income $ 937 $ 730 $ 819
Net income per share:      
Basic $ 4.20 $ 3.29 $ 3.56
Diluted $ 4.09 $ 3.23 $ 3.52
Shares used in net income per share calculations:      
Basic 223 222 230
Diluted 229 226 233
Product      
Revenues:      
Net revenues $ 3,284 $ 2,991 $ 2,995
Cost of revenues:      
Total cost of revenues 1,554 1,432 1,368
Service [Member]      
Revenues:      
Net revenues 3,034 2,753 2,417
Cost of revenues:      
Total cost of revenues $ 544 $ 497 $ 421