INTC FY 2009 Earnings Report — Intel Corporation Revenue & Financial Results | Market Cap Arena

Intel CorporationINTC

FY 2009 Earnings

Reported February 22, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$35.1B	—	$37.6B	—	-6.5%
Op. Income	$5.7B	—	$9.0B	—	-36.2%
Gross Margin	55.7%	—	55.5%	—	0.2pp
Net Margin	12.4%	—	14.1%	—	-1.6pp
EPS (Diluted)	$0.77	—	$0.92	—	-16.3%
Free Cash Flow	$6.7B	—	$5.7B	—	16.2%

Revenue Flow

Item	Amount
REVENUE	$35.1B
Cost of Revenue	$15.6B
GROSS PROFIT	$19.6B
R&D Expenses	$5.7B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.7B
Other Expenses	$0
Operating Expenses	$13.6B
Cost & Expenses	$29.2B
OPERATING INCOME	$5.7B
Interest Income	$168M
Interest Expense	$1M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$5.7B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$4.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.4B
D&A	$35M
EBIT	$5.7B
EBITDA	$10.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$35.1B
Cost of Revenue	$15.6B
GROSS PROFIT	$19.6B
R&D Expenses	$5.7B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.7B
Other Expenses	$0
Operating Expenses	$13.6B
Cost & Expenses	$29.2B
OPERATING INCOME	$5.7B
Interest Income	$168M
Interest Expense	$1M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$5.7B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$4.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.4B
D&A	$35M
EBIT	$5.7B
EBITDA	$10.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$4.4B
Depreciation & Amortization	$5.1B
Stock-Based Compensation	$889M
Deferred Income Tax	$271M
Other Non-Cash Items	$529M
Change in Working Capital	$60M
OPERATING CASH FLOW	$11.2B
Capital Expenditure	-$4.5B
Acquisitions (Net)	-$853M
Purchases of Investments	-$8.9B
Sales/Maturities of Investments	$8.2B
Other Investing Activities	-$1.9B
NET CASH FROM INVESTING	-$8.0B
Net Debt Issuance	$1.9B
Common Stock Repurchased	-$1.8B
Common Dividends Paid	-$3.1B
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$2.6B
FREE CASH FLOW	$6.7B
Net Change in Cash	$637M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.0B
Short-Term Investments	$5.3B
Net Receivables	$2.3B
Inventory	$2.9B
Other Current Assets	$2.0B
TOTAL CURRENT ASSETS	$21.2B
PP&E (Net)	$17.2B
Goodwill	$4.4B
Intangible Assets	$0
Long-Term Investments	$5.0B
Tax Assets	$555M
Other Non-Current Assets	$4.8B
TOTAL NON-CURRENT ASSETS	$31.9B
TOTAL ASSETS	$53.1B
Account Payables	$1.9B
Short-Term Debt	$172M
Deferred Revenue	$593M
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$7.6B
Long-Term Debt	$2.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$555M
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$11.4B
Common Stock	$15.0B
Additional Paid-In Capital	$0
Retained Earnings	$26.3B
Treasury Stock	$0
Accum. Other Comp. Income	$393M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$41.7B
Minority Interest	$0
TOTAL EQUITY	$41.7B
TOTAL LIABILITIES & EQUITY	$53.1B
Total Debt	$2.2B
Net Debt	-$1.8B