filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
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The following selected consolidated financial data set forth below was derived from our historical audited consolidated financial statements and should be read in conjunction with Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations and Item 8 – Financial Statements and Supplementary Data, and other financial data included elsewhere in this Annual Report on Form 10-K. Our historical results of operations are not indicative of our future results of operations.
| Fiscal Year Ended | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 27, 2018 | April 28, 2017 | April 29, 2016 | April 24, 2015 | April 25, 2014 | ||||||||||||||||
| (In millions, except per share amounts) | ||||||||||||||||||||
| Net revenues | $ | 5,911 | $ | 5,519 | $ | 5,546 | $ | 6,123 | $ | 6,325 | ||||||||||
| Gross profit | $ | 3,699 | $ | 3,390 | $ | 3,373 | $ | 3,833 | $ | 3,919 | ||||||||||
| Provision for income taxes (1) | $ | 1,090 | $ | 156 | $ | 116 | $ | 153 | $ | 103 | ||||||||||
| Net income | $ | 76 | $ | 509 | $ | 229 | $ | 560 | $ | 638 | ||||||||||
| Net income per share, basic | $ | 0.28 | $ | 1.85 | $ | 0.78 | $ | 1.77 | $ | 1.87 | ||||||||||
| Net income per share, diluted | $ | 0.28 | $ | 1.81 | $ | 0.77 | $ | 1.75 | $ | 1.83 | ||||||||||
| Shares used in basic computation | 268 | 275 | 294 | 316 | 340 | |||||||||||||||
| Shares used in diluted computation | 276 | 281 | 297 | 321 | 348 | |||||||||||||||
| Cash dividends declared per share | $ | 0.80 | $ | 0.76 | $ | 0.72 | $ | 0.66 | $ | 0.60 |
| April 27, 2018 | April 28, 2017 | April 29, 2016 | April 24, 2015 | April 25, 2014 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (In millions) | ||||||||||||||||||||
| Cash, cash equivalents and short-term investments | $ | 5,391 | $ | 4,921 | $ | 5,303 | $ | 5,326 | $ | 5,003 | ||||||||||
| Working capital | $ | 3,233 | $ | 2,076 | $ | 2,786 | $ | 4,064 | $ | 3,776 | ||||||||||
| Total assets | $ | 9,865 | $ | 9,493 | $ | 10,037 | $ | 9,401 | $ | 9,214 | ||||||||||
| Total debt | $ | 1,926 | $ | 1,993 | $ | 2,339 | $ | 1,487 | $ | 990 | ||||||||||
| Total deferred revenue and financed unearned services revenue | $ | 3,477 | $ | 3,342 | $ | 3,385 | $ | 3,197 | $ | 3,100 | ||||||||||
| Total stockholders' equity | $ | 2,067 | $ | 2,780 | $ | 2,881 | $ | 3,414 | $ | 3,787 |
(1) In fiscal 2018, our provision for income taxes included significant charges attributable to United States tax reform.
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