Financial Summary (All financials)
In millions, except per share items | Apr-28-23 | Apr-29-22 | Apr-30-21 | Apr-24-20 | Apr-26-19 | Apr-27-18 | Apr-28-17 | Apr-29-16 |
Revenues | 31,227 | 31,686 | 30,117 | 28,913 | 30,557 | 29,953 | 29,710 | 28,833 |
Revenue growth | -1.4% | 5.2% | 4.2% | -5.4% | 2.0% | 0.8% | 3.0% | 42.3% |
Cost of goods sold | 10,719 | 10,145 | 10,483 | 9,424 | 9,155 | 9,067 | 9,294 | 9,142 |
Gross profit | 20,508 | 21,541 | 19,634 | 19,489 | 21,402 | 20,886 | 20,416 | 19,691 |
Gross margin | 65.7% | 68.0% | 65.2% | 67.4% | 70.0% | 69.7% | 68.7% | 68.3% |
Selling, general and administrative | 10,415 | 10,292 | 10,148 | 10,109 | 10,418 | 10,238 | 10,018 | 9,469 |
Research and development | 2,696 | 2,746 | 2,493 | 2,331 | 2,330 | 2,256 | 2,193 | 2,224 |
EBITA | 5,860 | 7,545 | 6,560 | 6,665 | 8,230 | 7,099 | 7,666 | 7,582 |
EBITA margin | 18.8% | 23.8% | 21.8% | 23.1% | 26.9% | 23.7% | 25.8% | 26.3% |
Amortization of intangibles | | 1,733 | 1,783 | 1,756 | 1,764 | 1,823 | 1,980 | 1,931 |
EBIT | 5,860 | 5,812 | 4,777 | 4,909 | 6,466 | 5,276 | 5,686 | 5,651 |
EBIT margin | 18.8% | 18.3% | 15.9% | 17.0% | 21.2% | 17.6% | 19.1% | 19.6% |
Pre-tax income | 5,364 | 5,517 | 3,895 | 4,055 | 5,197 | 5,675 | 4,602 | 4,336 |
Income taxes | 1,580 | 456 | 265 | -751 | 547 | 2,580 | 578 | 798 |
Tax rate | 29.5% | 8.3% | 6.8% | | 10.5% | 45.5% | 12.6% | 18.4% |
Net income | 3,784 | 5,084 | 3,606 | 4,789 | 4,631 | 3,104 | 4,028 | 3,538 |
Net margin | 12.1% | 16.0% | 12.0% | 16.6% | 15.2% | 10.4% | 13.6% | 12.3% |
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Diluted EPS | $2.84 | $3.76 | $2.66 | $3.54 | $3.41 | $2.27 | $2.89 | $2.48 |
Shares outstanding (diluted) | 1,333 | 1,351 | 1,354 | 1,351 | 1,358 | 1,368 | 1,391 | 1,426 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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