| |
Income StatementsIn
millions, except earnings per share
| Year Ended June 30 |
1996 |
|
1997 |
|
1998 |
|
|
| Revenue |
$8,671 |
|
$11,358 |
|
$14,484 |
|
|
|
|
|
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
1,188 |
|
1,085 |
|
1,197 |
|
|
|
|
|
|
|
|
|
|
Research and development |
1,432 |
|
1,925 |
|
2,502 |
|
|
|
|
|
|
|
|
|
|
Acquired in-process technology |
– |
|
– |
|
296 |
|
|
|
|
|
|
|
|
|
|
Sales and marketing |
2,657 |
|
2,856 |
|
3,412 |
|
|
|
|
|
|
|
|
|
|
General and administrative |
316 |
|
362 |
|
433 |
|
|
|
|
|
|
|
|
|
|
Other expenses |
19 |
|
259 |
|
230 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Total operating expenses |
5,612 |
|
6,487 |
|
8,070 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating income |
3,059 |
|
4,871 |
|
6,414 |
|
|
|
|
|
|
|
|
| Interest income |
320 |
|
443 |
|
703 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income before income taxes |
3,379 |
|
5,314 |
|
7,117 |
|
|
|
|
|
|
|
|
Provision for income taxes  |
1,184 |
|
1,860 |
|
2,627 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income |
2,195 |
|
3,454 |
|
4,490 |
|
|
|
|
|
|
|
|
| Preferred stock dividends |
– |
|
15 |
|
28 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income available for common shareholders |
$2,195 |
|
$ 3,439 |
|
$ 4,462 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings per share1: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
$ 0.93 |
|
$ 1.44 |
|
$ 1.83 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted |
$ 0.86 |
|
$ 1.32 |
|
$ 1.67 |
|
|
|
|
|
|
|
1 |
Earnings per share have been restated to reflect a two-for-one stock split in February
1998. |
See
accompanying notes.
>> Download the Income Statements as a Microsoft
Excel file. << |
