Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.19.3.a.u2
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Income Statement [Abstract]      
Net revenue $ 6,731 $ 6,475 $ 5,253
Cost of sales 3,863 4,028 3,466
Gross profit 2,868 2,447 1,787
Research and development 1,547 1,434 1,196
Marketing, general and administrative 750 562 516
Licensing gain (60) 0 (52)
Operating income 631 451 127
Interest expense (94) (121) (126)
Other expense, net (165) 0 (9)
Income (loss) before income taxes and equity loss 372 330 (8)
Provision for (benefit from) income taxes 31 (9) 18
Equity loss in investee 0 (2) (7)
Net income (loss) $ 341 $ 337 $ (33)
Earnings (loss) per share      
Basic (in usd per share) $ 0.31 $ 0.34 $ (0.03)
Diluted (in usd per share) $ 0.30 $ 0.32 $ (0.03)
Shares used in per share calculation      
Basic ((in shares)) 1,091 982 952
Diluted (in shares) 1,120 1,064 952