Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
Income Statement [Abstract]      
Net revenue $ 16,434 $ 9,763 $ 6,731
Cost of sales 8,505 5,416 3,863
Gross profit 7,929 4,347 2,868
Research and development 2,845 1,983 1,547
Marketing, general and administrative 1,448 995 750
Licensing gain (12) 0 (60)
Operating income 3,648 1,369 631
Interest expense (34) (47) (94)
Other income (expense), net 55 (47) (165)
Income before income taxes and equity income 3,669 1,275 372
Income tax provision (benefit) 513 (1,210) 31
Equity income in investee 6 5 0
Net income $ 3,162 $ 2,490 $ 341
Earnings per share      
Basic (in usd per share) $ 2.61 $ 2.10 $ 0.31
Diluted (in usd per share) $ 2.57 $ 2.06 $ 0.30
Shares used in per share calculation      
Basic (in shares) 1,213 1,184 1,091
Diluted (in shares) 1,229 1,207 1,120