INCOME STATEMENTS
| (In millions, except per share amounts) | |||
|---|---|---|---|
| Year Ended June 30, | 2009 | 2008 | 2007 |
| Revenue | $58,437 | $60,420 | $51,122 |
| Operating expenses: | |||
| Cost of revenue | 12,155 | 11,598 | 10,693 |
| Research and development | 9,010 | 8,164 | 7,121 |
| Sales and marketing | 12,879 | 13,260 | 11,541 |
| General and administrative | 3,700 | 5,127 | 3,329 |
| Employee severance | 330 | – | – |
| Total operating expenses | 38,074 | 38,149 | 32,684 |
| Operating income | 20,363 | 22,271 | 18,438 |
| Other income (expense) | (542) | 1,543 | 1,663 |
| Income before income taxes | 19,821 | 23,814 | 20,101 |
| Provision for income taxes | 5,252 | 6,133 | 6,036 |
| Net income | $14,569 | $17,681 | $14,065 |
| Earnings per share: | |||
| Basic | $((,1.63 | $((,1.90 | $((,1.44 |
| Diluted | $((,1.62 | $((,1.87 | $((,1.42 |
| Weighted average shares outstanding: | |||
| Basic | 8,945 | 9,328 | 9,742 |
| Diluted | 8,996 | 9,470 | 9,886 |
| Cash dividends declared per common share | $((,0.52 | $((,0.44 | $((,0.40 |
See accompanying notes.