XML 23 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Apr. 28, 2023
Apr. 29, 2022
Apr. 30, 2021
Revenues:      
Net revenues $ 6,362 $ 6,318 $ 5,744
Cost of revenues:      
Total cost of revenues 2,153 2,098 1,929
Gross profit 4,209 4,220 3,815
Operating expenses:      
Sales and marketing 1,829 1,857 1,744
Research and development 956 881 881
General and administrative 265 279 257
Restructuring charges 120 33 42
Acquisition-related expense 21 13 16
Gain on sale or derecognition of assets 0 0 (156)
Total operating expenses 3,191 3,063 2,784
Income from operations 1,018 1,157 1,031
Other income (expense), net 48 (62) (69)
Income before income taxes 1,066 1,095 962
(Benefit) provision for income taxes (208) 158 232
Net income $ 1,274 $ 937 $ 730
Net income per share:      
Basic $ 5.87 $ 4.20 $ 3.29
Diluted $ 5.79 $ 4.09 $ 3.23
Shares used in net income per share calculations:      
Basic 217 223 222
Diluted 220 229 226
Product [Member]      
Revenues:      
Net revenues $ 3,049 $ 3,284 $ 2,991
Cost of revenues:      
Total cost of revenues 1,517 1,554 1,432
Service [Member]      
Revenues:      
Net revenues 3,313 3,034 2,753
Cost of revenues:      
Total cost of revenues $ 636 $ 544 $ 497