Index to Financials Download this statement in PDF (13KB) format. Three years ended December 27, 1997 (In millions - except per share amounts) 1997   1996 1995   Net revenues $ 25,070   $ 20,847 $ 16,202       Cost of sales 9,945   9,164 7,811   Research and development 2,347   1,808 1,296   Marketing, general and administrative 2,891   2,322 1,843       Operating costs and expenses 15,183   13,294 10,950       Operating income 9,887   7,553 5,252   Interest expense (27)   (25) (29)   Interest income and other, net 799   406 415       Income before taxes 10,659   7,934 5,638   Provision for taxes 3,714   2,777 2,072       Net income $ 6,945   $ 5,157 $ 3,566       Basic earnings per common share $ 4.25   $ 3.13 $ 2.16         Diluted earnings per common share $ 3.87   $ 2.90 $ 2.02                 Weighted average common shares outstanding 1,635   1,645 1,650   Dilutive effect of:       Employee stock options 102   94 96   1998 Step-Up Warrants 58   37 22       Weighted average common shares outstanding,           assuming dilution 1,795   1,776 1,768         See accompanying notes. Previous Page | Index to Financials | Next Page Table of Contents | Annual Report Site Map | Investor Relations | www.intel.com Legal Notices (C) Intel Corporation Content published April 6, 1998.