v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 26, 2022
Jun. 27, 2021
Jun. 26, 2022
Jun. 27, 2021
Revenues:        
Equipment and services $ 9,266 $ 6,428 $ 27,365 $ 19,109
Licensing 1,670 1,632 5,440 5,121
Total revenues 10,936 8,060 32,805 24,230
Costs and expenses:        
Cost of revenues 4,816 3,404 13,767 10,325
Research and development 2,052 1,864 6,016 5,297
Selling, general and administrative 655 597 1,887 1,721
Other (Note 2) (1,059) 0 (1,059) 0
Total costs and expenses 6,464 5,865 20,611 17,343
Operating income 4,472 2,195 12,194 6,887
Interest expense (70) (138) (345) (421)
Investment and other (expense) income, net (163) 200 (321) 523
Income before income taxes 4,239 2,257 11,528 6,989
Income tax expense (509) (230) (1,465) (744)
Net income $ 3,730 $ 2,027 $ 10,063 $ 6,245
Basic earnings per share $ 3.32 $ 1.80 $ 8.96 $ 5.52
Diluted earnings per share $ 3.29 $ 1.77 $ 8.84 $ 5.43
Shares used in per share calculations:        
Basic 1,122 1,129 1,124 1,132
Diluted 1,134 1,145 1,139 1,151

Source