| Supplementary Financial Information |
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(In millions, except per share amounts) |
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2019 |
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2018 |
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Dec. 28 |
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Sep. 28 |
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June 29 |
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Mar. 30 |
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Dec. 29 |
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Sep. 29 |
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June 30 |
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Mar. 31 |
Net revenue |
$ |
2,127 |
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$ |
1,801 |
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$ |
1,531 |
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$ |
1,272 |
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$ |
1,419 |
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$ |
1,653 |
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$ |
1,756 |
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$ |
1,647 |
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Cost of sales |
1,178 |
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|
1,024 |
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|
910 |
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|
751 |
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882 |
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992 |
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1,104 |
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1,050 |
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Gross margin |
949 |
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777 |
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621 |
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521 |
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537 |
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661 |
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652 |
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597 |
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Research and development |
395 |
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|
406 |
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373 |
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373 |
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371 |
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363 |
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357 |
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343 |
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Marketing, general and administrative |
206 |
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|
185 |
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|
189 |
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|
170 |
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|
138 |
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|
148 |
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|
142 |
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134 |
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Licensing gain |
— |
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— |
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— |
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(60 |
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— |
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— |
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— |
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— |
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Operating income |
348 |
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|
186 |
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|
59 |
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38 |
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28 |
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|
150 |
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|
153 |
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|
120 |
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Interest expense |
(18 |
) |
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(24 |
) |
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(25 |
) |
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(27 |
) |
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(29 |
) |
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(30 |
) |
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(31 |
) |
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(31 |
) |
Other income (expense), net |
(125 |
) |
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(36 |
) |
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3 |
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(7 |
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4 |
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(6 |
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1 |
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1 |
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Income before income taxes |
205 |
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|
126 |
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37 |
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4 |
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3 |
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114 |
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|
123 |
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|
90 |
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Provision for (benefit from) income taxes |
35 |
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7 |
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2 |
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(13 |
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(35 |
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12 |
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6 |
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8 |
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Equity loss in investee |
— |
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1 |
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— |
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(1 |
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— |
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— |
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(1 |
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(1 |
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Net income |
$ |
170 |
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$ |
120 |
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$ |
35 |
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$ |
16 |
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$ |
38 |
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$ |
102 |
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$ |
116 |
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$ |
81 |
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Earnings per share |
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Basic |
$ |
0.15 |
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$ |
0.11 |
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$ |
0.03 |
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$ |
0.01 |
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$ |
0.04 |
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$ |
0.10 |
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$ |
0.12 |
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$ |
0.08 |
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Diluted |
$ |
0.15 |
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$ |
0.11 |
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$ |
0.03 |
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$ |
0.01 |
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$ |
0.04 |
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$ |
0.09 |
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$ |
0.11 |
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$ |
0.08 |
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Shares used in per share calculation |
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Basic |
1,140 |
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1,097 |
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1,084 |
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1,044 |
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1,002 |
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|
987 |
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|
972 |
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|
968 |
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Diluted |
1,188 |
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1,117 |
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1,109 |
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1,094 |
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1,079 |
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1,076 |
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1,147 |
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1,039 |
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