Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.4
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Dec. 29, 2018
Income Statement [Abstract]      
Net revenue $ 9,763 $ 6,731 $ 6,475
Cost of sales 5,416 3,863 4,028
Gross profit 4,347 2,868 2,447
Research and development 1,983 1,547 1,434
Marketing, general and administrative 995 750 562
Operating income 1,369 631 451
Interest expense (47) (94) (121)
Other expense, net (47) (165) 0
Income before income taxes and equity income (loss) 1,275 372 330
Income tax provision (benefit) (1,210) 31 (9)
Equity income (loss) in investee 5 0 (2)
Net income $ 2,490 $ 341 $ 337
Earnings per share      
Basic (in usd per share) $ 2.10 $ 0.31 $ 0.34
Diluted (in usd per share) $ 2.06 $ 0.30 $ 0.32
Shares used in per share calculation      
Basic (in shares) 1,184 1,091 982
Diluted (in shares) 1,207 1,120 1,064