Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Income

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Consolidated Condensed Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net revenue $ 19,163 $ 16,149 $ 52,191 $ 45,708
Cost of sales 6,803 6,085 19,681 17,388
Gross margin 12,360 10,064 32,510 28,320
Research and development 3,428 3,209 10,110 9,782
Marketing, general and administrative 1,605 1,661 5,230 5,610
Restructuring and other charges (72) 4 (72) 189
Amortization of acquisition-related intangibles 50 49 150 124
Operating expenses 5,011 4,923 15,418 15,705
Operating income 7,349 5,141 17,092 12,615
Gains (losses) on equity investments, net (75) 846 365 1,440
Interest and other, net (132) (57) 225 262
Income before taxes 7,142 5,930 17,682 14,317
Provision for taxes 744 1,414 1,824 4,029
Net income $ 6,398 $ 4,516 $ 15,858 $ 10,288
Earnings per share - Basic (in dollars per share) $ 1.40 $ 0.96 $ 3.42 $ 2.19
Earnings per share - Diluted (in dollars per share) 1.38 0.94 3.35 2.12
Cash dividends declared per share of common stock (in dollars per share) $ 0.6000 $ 0.5450 $ 1.2000 $ 1.0775
Weighted average shares of common stock outstanding:        
Basic (shares) 4,574 4,688 4,632 4,707
Diluted (shares) 4,648 4,821 4,728 4,849