Income Statements
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
INCOME STATEMENTS
(In millions, except per share amounts) | |||||
Year Ended June 30, | 2012 | 2011 | 2010 | ||
Revenue | $ 73,723 | $ 69,943 | $ 62,484 | ||
Operating expenses: | |||||
Cost of revenue | 17,530 | 15,577 | 12,395 | ||
Research and development | 9,811 | 9,043 | 8,714 | ||
Sales and marketing | 13,857 | 13,940 | 13,214 | ||
General and administrative | 4,569 | 4,222 | 4,063 | ||
Goodwill impairment | 6,193 | 0 | 0 | ||
Total operating expenses | 51,960 | 42,782 | 38,386 | ||
Operating income | 21,763 | 27,161 | 24,098 | ||
Other income | 504 | 910 | 915 | ||
Income before income taxes | 22,267 | 28,071 | 25,013 | ||
Provision for income taxes | 5,289 | 4,921 | 6,253 | ||
Net income | $ 16,978 | $ 23,150 | $ 18,760 | ||
Earnings per share: | |||||
Basic | $ 2.02 | $ 2.73 | $ 2.13 | ||
Diluted | $ 2.00 | $ 2.69 | $ 2.10 | ||
Weighted average shares outstanding: | |||||
Basic | 8,396 | 8,490 | 8,813 | ||
Diluted | 8,506 | 8,593 | 8,927 | ||
Cash dividends declared per common share | $ 0.80 | $ 0.64 | $ 0.52 |
See accompanying notes.