 |
 |
INCOME STATEMENTS
| (In millions, except per share amounts) |
| Year Ended June 30 |
2007 |
|
2006 |
|
2005 |
 |
| Revenue |
$51,122 |
|
$44,282 |
|
$39,788 |
| Operating expenses: |
| Cost of revenue |
10,693 |
|
7,650 |
|
6,031 |
| Research and development |
7,121 |
|
6,584 |
|
6,097 |
| Sales and marketing |
11,455 |
|
9,818 |
|
8,563 |
| General and administrative |
3,329 |
|
3,758 |
|
4,536 |
| Total operating expenses |
32,598 |
|
27,810 |
|
25,227 |
| Operating income |
18,524 |
|
16,472 |
|
14,561 |
| Investment income and other |
1,577 |
|
1,790 |
|
2,067 |
| Income before income taxes |
20,101 |
|
18,262 |
|
16,628 |
| Provision for income taxes |
6,036 |
|
5,663 |
|
4,374 |
| Net income |
$14,065 |
|
$12,599 |
|
$12,254 |
|
| Earnings per share: |
| Basic |
$001.44 |
|
$001.21 |
|
$001.13 |
| Diluted |
$001.42 |
|
$001.20 |
|
$001.12 |
|
| Weighted average shares outstanding: |
| Basic |
9,742 |
|
10,438 |
|
10,839 |
| Diluted |
9,886 |
|
10,531 |
|
10,906 |
|
| Cash dividends declared per common share |
$000.40 |
|
$000.35 |
|
$003.40 |
See accompanying notes.
|
|
