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 24, 2020 | April 26, 2019 | April 27, 2018 (2) | April 28, 2017 (2) | April 29, 2016 | ||||||||||||||||
| (In millions, except per share amounts) | ||||||||||||||||||||
| Net revenues | $ | 5,412 | $ | 6,146 | $ | 5,919 | $ | 5,491 | $ | 5,546 | ||||||||||
| Gross profit | $ | 3,623 | $ | 3,945 | $ | 3,709 | $ | 3,364 | $ | 3,373 | ||||||||||
| Provision for income taxes (1) | $ | 125 | $ | 99 | $ | 1,083 | $ | 140 | $ | 116 | ||||||||||
| Net income | $ | 819 | $ | 1,169 | $ | 116 | $ | 481 | $ | 229 | ||||||||||
| Net income per share, basic | $ | 3.56 | $ | 4.60 | $ | 0.43 | $ | 1.75 | $ | 0.78 | ||||||||||
| Net income per share, diluted | $ | 3.52 | $ | 4.51 | $ | 0.42 | $ | 1.71 | $ | 0.77 | ||||||||||
| Shares used in basic computation | 230 | 254 | 268 | 275 | 294 | |||||||||||||||
| Shares used in diluted computation | 233 | 259 | 276 | 281 | 297 | |||||||||||||||
| Cash dividends declared per share | $ | 1.92 | $ | 1.60 | $ | 0.80 | $ | 0.76 | $ | 0.72 |
| April 24, 2020 | April 26, 2019 | April 27, 2018 (2) | April 28, 2017 (2) | April 29, 2016 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (In millions) | ||||||||||||||||||||
| Cash, cash equivalents and short-term investments | $ | 2,882 | $ | 3,899 | $ | 5,391 | $ | 4,921 | $ | 5,303 | ||||||||||
| Working capital | $ | 658 | $ | 1,743 | $ | 3,421 | $ | 2,178 | $ | 2,786 | ||||||||||
| Total assets | $ | 7,522 | $ | 8,741 | $ | 9,991 | $ | 9,562 | $ | 10,037 | ||||||||||
| Total debt | $ | 1,668 | $ | 1,793 | $ | 1,926 | $ | 1,993 | $ | 2,339 | ||||||||||
| Total deferred revenue and financed unearned services revenue | $ | 3,698 | $ | 3,668 | $ | 3,363 | $ | 3,213 | $ | 3,385 | ||||||||||
| Total stockholders' equity | $ | 242 | $ | 1,090 | $ | 2,276 | $ | 2,949 | $ | 2,881 |
(1) In fiscal 2018, our provision for income taxes included significant charges attributable to United States tax reform.
(2) Fiscal 2018 and 2017 have been adjusted for our retrospective adoption of the accounting standard Revenue from Contracts with Customers (ASC 606).
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