Income Statements

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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.