Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Sep. 24, 2022
Sep. 25, 2021
Income Statement [Abstract]        
Net revenue $ 5,565 $ 4,313 $ 18,002 $ 11,608
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization 2,799 2,227 8,797 6,105
Amortization of acquisition-related intangibles- COGS 412 0 1,005 0
Cost of sales 3,211 2,227 9,802 6,105
Gross profit 2,354 2,086 8,200 5,503
Research and development 1,279 765 3,639 2,034
Marketing, general and administrative 557 376 1,746 1,036
Amortization of acquisition-related intangibles-Opex 590 0 1,499 0
Licensing gain (8) (3) (97) (8)
Operating income (loss) (64) 948 1,413 2,441
Interest expense (31) (7) (69) (26)
Other income (expense), net 22 62 (24) 51
Income (loss) before income taxes and equity income (73) 1,003 1,320 2,466
Income tax provision (benefit) (135) 82 32 284
Equity income in investee 4 2 11 6
Net income $ 66 $ 923 $ 1,299 $ 2,188
Earnings per share        
Basic (in usd per share) $ 0.04 $ 0.76 $ 0.84 $ 1.80
Diluted (in usd per share) $ 0.04 $ 0.75 $ 0.84 $ 1.78
Shares used in per share calculation        
Basic (in shares) 1,615 1,214 1,542 1,214
Diluted (in shares) 1,625 1,230 1,555 1,231