Income Statements
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
INCOME STATEMENTS
(In millions, except per share amounts) | |||||
Year Ended June 30, | 2011 | 2010 | 2009 | ||
Revenue | $ 69,943 | $ 62,484 | $ 58,437 | ||
Operating expenses: | |||||
Cost of revenue | 15,577 | 12,395 | 12,155 | ||
Research and development | 9,043 | 8,714 | 9,010 | ||
Sales and marketing | 13,940 | 13,214 | 12,879 | ||
General and administrative | 4,222 | 4,063 | 4,030 | ||
Total operating expenses | 42,782 | 38,386 | 38,074 | ||
Operating income | 27,161 | 24,098 | 20,363 | ||
Other income (expense) | 910 | 915 | (542 ) | ||
Income before income taxes | 28,071 | 25,013 | 19,821 | ||
Provision for income taxes | 4,921 | 6,253 | 5,252 | ||
Net income | $ 23,150 | $ 18,760 | $ 14,569 | ||
Earnings per share: | |||||
Basic | $ 2.73 | $ 2.13 | $ 1.63 | ||
Diluted | $ 2.69 | $ 2.10 | $ 1.62 | ||
Weighted average shares outstanding: | |||||
Basic | 8,490 | 8,813 | 8,945 | ||
Diluted | 8,593 | 8,927 | 8,996 | ||
Cash dividends declared per common share | $ 0.64 | $ 0.52 | $ 0.52 |
See accompanying notes.