INTC FY 2008 Earnings Report — Intel Corporation Revenue & Financial Results | Market Cap Arena

Intel CorporationINTC

FY 2008 Earnings

Reported February 20, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$37.6B	—	$38.3B	—	-2.0%
Op. Income	$9.0B	—	$8.2B	—	9.0%
Gross Margin	55.5%	—	51.9%	—	3.5pp
Net Margin	14.1%	—	18.2%	—	-4.1pp
EPS (Diluted)	$0.92	—	$1.18	—	-22.0%
Free Cash Flow	$5.7B	—	$7.6B	—	-24.9%

Revenue Flow

Item	Amount
REVENUE	$37.6B
Cost of Revenue	$16.7B
GROSS PROFIT	$20.8B
R&D Expenses	$5.7B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.5B
Other Expenses	$0
Operating Expenses	$11.7B
Cost & Expenses	$28.4B
OPERATING INCOME	$9.0B
Interest Income	$488M
Interest Expense	$8M
Other Income/Expenses	-$1.3B
INCOME BEFORE TAX	$7.7B
Income Tax Expense	$2.4B
Net Income from Continuing Ops	$5.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.3B
D&A	$4.6B
EBIT	$7.7B
EBITDA	$12.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$37.6B
Cost of Revenue	$16.7B
GROSS PROFIT	$20.8B
R&D Expenses	$5.7B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.5B
Other Expenses	$0
Operating Expenses	$11.7B
Cost & Expenses	$28.4B
OPERATING INCOME	$9.0B
Interest Income	$488M
Interest Expense	$8M
Other Income/Expenses	-$1.3B
INCOME BEFORE TAX	$7.7B
Income Tax Expense	$2.4B
Net Income from Continuing Ops	$5.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.3B
D&A	$4.6B
EBIT	$7.7B
EBITDA	$12.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$5.3B
Depreciation & Amortization	$4.6B
Stock-Based Compensation	$851M
Deferred Income Tax	-$790M
Other Non-Cash Items	$2.5B
Change in Working Capital	-$1.5B
OPERATING CASH FLOW	$10.9B
Capital Expenditure	-$5.2B
Acquisitions (Net)	$69M
Purchases of Investments	-$8.2B
Sales/Maturities of Investments	$8.3B
Other Investing Activities	-$876M
NET CASH FROM INVESTING	-$5.9B
Net Debt Issuance	-$40M
Common Stock Repurchased	-$7.2B
Common Dividends Paid	-$3.1B
Other Financing Activities	$212M
NET CASH FROM FINANCING	-$9.0B
FREE CASH FLOW	$5.7B
Net Change in Cash	-$4.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.4B
Short-Term Investments	$5.3B
Net Receivables	$1.7B
Inventory	$3.7B
Other Current Assets	$2.6B
TOTAL CURRENT ASSETS	$19.9B
PP&E (Net)	$17.5B
Goodwill	$3.9B
Intangible Assets	$775M
Long-Term Investments	$2.9B
Tax Assets	$46M
Other Non-Current Assets	$6.4B
TOTAL NON-CURRENT ASSETS	$30.8B
TOTAL ASSETS	$50.7B
Account Payables	$2.4B
Short-Term Debt	$102M
Deferred Revenue	$463M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$7.8B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$46M
Other Non-Current Liabilities	$1.9B
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$11.6B
Common Stock	$12.9B
Additional Paid-In Capital	$0
Retained Earnings	$26.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$393M
Other Equity	$458M
TOTAL STOCKHOLDERS' EQUITY	$39.1B
Minority Interest	$0
TOTAL EQUITY	$39.1B
TOTAL LIABILITIES & EQUITY	$50.7B
Total Debt	$2.7B
Net Debt	-$626M