INCOME STATEMENTS
| (In millions, except per share amounts) | ||||||
|---|---|---|---|---|---|---|
| Year Ended June 30, | 2010 | 2009 | 2008 | |||
| Revenue | $ | 62,484 | $ | 58,437 | $ | 60,420 |
| Operating expenses: | ||||||
| Cost of revenue | 12,395 | 12,155 | 11,598 | |||
| Research and development | 8,714 | 9,010 | 8,164 | |||
| Sales and marketing | 13,214 | 12,879 | 13,260 | |||
| General and administrative | 4,004 | 3,700 | 5,127 | |||
| Employee severance | 59 | 330 | 0 | |||
| Total operating expenses | 38,386 | 38,074 | 38,149 | |||
| Operating income | 24,098 | 20,363 | 22,271 | |||
| Other income (expense) | 915 | (542) | 1,543 | |||
| Income before income taxes | 25,013 | 19,821 | 23,814 | |||
| Provision for income taxes | 6,253 | 5,252 | 6,133 | |||
| Net income | $ | 18,760 | $ | 14,569 | $ | 17,681 |
| Earnings per share: | ||||||
| Basic | $ | 2.13 | $ | 1.63 | $ | 1.90 |
| Diluted | $ | 2.10 | $ | 1.62 | $ | 1.87 |
| Weighted average shares outstanding: | ||||||
| Basic | 8,813 | 8,945 | 9,328 | |||
| Diluted | 8,927 | 8,996 | 9,470 | |||
| Cash dividends declared per common share | $ | 0.52 | $ | 0.52 | $ | 0.44 |
See accompanying notes.