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Table of Contents
Results of Operations
We list in the table below summarized information from our consolidated statements of operations by dollars and as a percentage of
revenue:
46
Fiscal Years Ended
(Dollars in millions)
June 27,
2014
June 28,
2013
June 29,
2012
Revenue
$
13,724
$
14,351
$
14,939
Cost of revenue
9,878
10,411
10,255
1
1
1
1
1
1
1
1
Gross margin
3,846
3,940
4,684
Product development
1,226
1,133
1,006
Marketing and administrative
722
635
528
Amortization of intangibles
98
79
38
Restructuring and other, net
24
1
1
1
1
1
1
1
1
Income from operations
1,776
2,091
3,108
Other expense, net
(220
)
(260
)
(226
)
1
1
1
1
1
1
1
1
Income before income taxes
1,556
1,831
2,882
(Benefit from) provision for income taxes
(14
)
(7
)
20
1
1
1
1
1
1
1
1
Net income
$
1,570
$
1,838
$
2,862
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Fiscal Years Ended
(as a percentage of Revenue)
June 27,
2014
June 28,
2013
June 29,
2012
Revenue
100
%
100
%
100
%
Cost of revenue
72
73
69
Gross margin
28
27
31
Product development
Marketing and administrative
Amortization of intangibles
—
Restructuring and other, net
—
—
—
1
1
1
1
1
1
1
1
Income from operations
13
14
21
Other expense, net
(2
)
(2
)
(2
)
Income before income taxes
11
12
19
(Benefit from) provision for income taxes
—
—
—
1
1
1
1
1
1
1
1
Net income
11
%
12
%
19
%
1
1
1
1
1
1
1
1