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‘03 ‘04 ‘05 ‘06 ‘07
Fiscal Year
Net Income (1)
(dollars in billions)
4.4
3.6
7.3
5.6
5.7
‘03 ‘04 ‘05 ‘06 ‘07
Fiscal Year
Net Sales
(dollars in billions)
22.0
18.9
34.9
28.5
24.8
‘03 ‘04 ‘05 ‘06 ‘07
Fiscal Year
Diluted Net Income per Share
(in dollars)
0.62
0.50
1.17
0.89
0.87
‘03 ‘04 ‘05 ‘06 ‘07
Fiscal Year
Cash and Cash Equivalents
and Investments
(dollars in billions)
19.3
20.7
22.3
17.8
16.1
Years Ended July 28, 2007 July 29, 2006 July 30, 2005
Net sales $ 34,922 $ 28,484 $ 24,801
Income before provision for income taxes $ 9,461 $ 7,633 $ 8,036
Net income (1) $ 7,333 $ 5,580 $ 5,741
Net income per share—diluted $ 1.17 $ 0.89 $ 0.87
Consolidated Balance Sheets Data
(in millions)
July 28, 2007 July 29, 2006 July 30, 2005
Cash and cash equivalents and investments $ 22,266 $ 17,814 $ 16,055
Total assets $ 53,340 $ 43,315 $ 33,883
Shareholders’ equity $ 31,480 $ 23,912 $ 23,174
Financial Highlights
Consolidated Statements of Operations Data
(in millions, except per-share amounts)
(1) Net income for scal 2007 and 2006 included share-based compensation expense under SFAS 123(R) of $617 million and $836 million, net of tax, respectively. See Note 2 on page 18.