Schedule of quarterly financial information |
The following table sets forth our unaudited consolidated financial results, for the last eight fiscal quarters: | | | | | | | | | | | | | | | | | | Fiscal Year 2019 Quarters Ended | | January 27, 2019 | | October 28, 2018 | | July 29, 2018 | | April 29, 2018 | | (In millions, except per share data) | Statements of Income Data: | | | | | | | | Revenue | $ | 2,205 |
| | $ | 3,181 |
| | $ | 3,123 |
| | $ | 3,207 |
| Cost of revenue | $ | 998 |
| | $ | 1,260 |
| | $ | 1,148 |
| | $ | 1,139 |
| Gross profit | $ | 1,207 |
| | $ | 1,921 |
| | $ | 1,975 |
| | $ | 2,068 |
| Net income (1) | $ | 567 |
| | $ | 1,230 |
| | $ | 1,101 |
| | $ | 1,244 |
| Net income per share (1): | | | | | | | | Basic | $ | 0.93 |
| | $ | 2.02 |
| | $ | 1.81 |
| | $ | 2.05 |
| Diluted | $ | 0.92 |
| | $ | 1.97 |
| | $ | 1.76 |
| | $ | 1.98 |
|
| | (1) | In the third and fourth quarters of fiscal year 2019, we recorded U.S. tax reform benefits of $138 million and $230 million, respectively, associated with the completion of our accounting for the enactment-date income tax effects of the TCJA. Refer to Note 13 of these Notes to the Consolidated Financial Statements for a discussion regarding the U.S. tax reform. |
| | | | | | | | | | | | | | | | | | Fiscal Year 2018 Quarters Ended | | January 28, 2018 | | October 28, 2017 | | July 29, 2017 | | April 29, 2017 | | (In millions, except per share data) | Statements of Income Data: | | | | | | | | Revenue | $ | 2,911 |
| | $ | 2,636 |
| | $ | 2,230 |
| | $ | 1,937 |
| Cost of revenue | $ | 1,110 |
| | $ | 1,067 |
| | $ | 928 |
| | $ | 787 |
| Gross profit | $ | 1,801 |
| | $ | 1,569 |
| | $ | 1,302 |
| | $ | 1,150 |
| Net income (1) | $ | 1,118 |
| | $ | 838 |
| | $ | 583 |
| | $ | 507 |
| Net income per share (1): | | | | | | | | Basic | $ | 1.84 |
| | $ | 1.39 |
| | $ | 0.98 |
| | $ | 0.86 |
| Diluted | $ | 1.78 |
| | $ | 1.33 |
| | $ | 0.92 |
| | $ | 0.79 |
|
| | (1) | In the fourth quarter of fiscal year 2018, we recorded a U.S. tax reform provisional net tax benefit of $133 million associated with the one-time transition tax on our historical foreign earnings and the adjustment of deferred tax balances to the lower corporate tax rate. Refer to Note 13 of these Notes to the Consolidated Financial Statements for a discussion regarding the U.S. tax reform. |
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