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![Business](../images/subreview/subreview_01_0.gif)
![Discussion & Analysis](../images/subreview/subreview_02_0.gif)
![Market Risk](../images/subreview/subreview_03_0.gif)
![Income Statements](../images/subreview/subreview_04_1.gif)
![Balance Sheets](../images/subreview/subreview_05_0.gif)
![Cash Flows](../images/subreview/subreview_06_0.gif)
![Shareholders' Equity](../images/subreview/subreview_07_0.gif)
![Notes](../images/subreview/subreview_08_0.gif)
![Auditor's Report](../images/subreview/subreview_09_0.gif)
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INCOME STATEMENTS
(In millions, except earnings per share) |
Year Ended June 30 |
2002(1) |
|
2003(1) |
|
2004 |
|
Revenue |
$28,365) |
|
$32,187) |
|
$36,835) |
Operating expenses: |
Cost of revenue |
5,699) |
|
6,059) |
|
6,716) |
Research and development |
6,299) |
|
6,595) |
|
7,779) |
Sales and marketing |
6,252) |
|
7,562) |
|
8,309) |
General and administrative |
1,843) |
|
2,426) |
|
4,997) |
Total operating expenses |
20,093) |
|
22,642) |
|
27,801) |
Operating income |
8,272) |
|
9,545) |
|
9,034) |
Losses on equity investees and other |
(92) |
|
(68) |
|
(25) |
Investment income/(loss) |
(305) |
|
1,577) |
|
3,187) |
Income before income taxes |
7,875) |
|
11,054) |
|
12,196) |
Provision for income taxes |
2,520) |
|
3,523) |
|
4,028) |
Net income |
$35,355) |
|
$37,531) |
|
$38,168) |
Earnings per share: |
Basic |
$120.50) |
|
$120.70) |
|
$120.76) |
Diluted |
$120.48) |
|
$120.69) |
|
$120.75) |
Weighted average shares outstanding: |
Basic |
10,811) |
|
10,723) |
|
10,803) |
Diluted |
11,106) |
|
10,882) |
|
10,894) |
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