Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v3.8.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Dec. 26, 2015
Income Statement [Abstract]      
Net revenue $ 62,761 $ 59,387 $ 55,355
Cost of sales 23,692 23,196 20,676
Gross margin 39,069 36,191 34,679
Research and development 13,098 12,740 12,128
Marketing, general and administrative 7,474 8,397 7,930
Restructuring and other charges 384 1,886 354
Depreciation, Depletion and Amortization, Nonproduction 177 294 265
Operating expenses 21,133 23,317 20,677
Operating income 17,936 12,874 14,002
Gains (losses) on equity investments, net 2,651 506 315
Nonoperating Income (Expense) (235) (444) (105)
Income before taxes 20,352 12,936 14,212
Provision for taxes 10,751 2,620 2,792
Net income $ 9,601 $ 10,316 $ 11,420
Earnings per share - Basic $ 2.04 $ 2.18 $ 2.41
Earnings per share - Diluted $ 1.99 $ 2.12 $ 2.33
Weighted average shares of common stock outstanding:      
Basic (shares) 4,701 4,730 4,742
Diluted (shares) 4,835 4,875 4,894