INTC FY 2013 Earnings Report — Intel Corporation Revenue & Financial Results | Market Cap Arena

Intel CorporationINTC

FY 2013 Earnings

Reported February 14, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$52.7B	—	$53.3B	—	-1.2%
Op. Income	$12.3B	—	$14.6B	—	-16.0%
Gross Margin	59.8%	—	62.1%	—	-2.3pp
Net Margin	18.3%	—	20.6%	—	-2.4pp
EPS (Diluted)	$1.89	—	$2.13	—	-11.3%
Free Cash Flow	$10.0B	—	$7.0B	—	42.4%

Revenue Flow

Item	Amount
REVENUE	$52.7B
Cost of Revenue	$21.2B
GROSS PROFIT	$31.5B
R&D Expenses	$10.6B
Selling & Marketing	$1.9B
General & Administrative	$6.2B
SG&A Expenses	$8.1B
Other Expenses	-$11M
Operating Expenses	$19.0B
Cost & Expenses	$40.2B
OPERATING INCOME	$12.3B
Interest Income	$104M
Interest Expense	$244M
Other Income/Expenses	$320M
INCOME BEFORE TAX	$12.6B
Income Tax Expense	$3.0B
Net Income from Continuing Ops	$9.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9.6B
D&A	$291M
EBIT	$12.5B
EBITDA	$20.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$52.7B
Cost of Revenue	$21.2B
GROSS PROFIT	$31.5B
R&D Expenses	$10.6B
Selling & Marketing	$1.9B
General & Administrative	$6.2B
SG&A Expenses	$8.1B
Other Expenses	-$11M
Operating Expenses	$19.0B
Cost & Expenses	$40.2B
OPERATING INCOME	$12.3B
Interest Income	$104M
Interest Expense	$244M
Other Income/Expenses	$320M
INCOME BEFORE TAX	$12.6B
Income Tax Expense	$3.0B
Net Income from Continuing Ops	$9.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9.6B
D&A	$291M
EBIT	$12.5B
EBITDA	$20.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$9.6B
Depreciation & Amortization	$8.0B
Stock-Based Compensation	$1.1B
Deferred Income Tax	-$900M
Other Non-Cash Items	-$234M
Change in Working Capital	$3.1B
OPERATING CASH FLOW	$20.8B
Capital Expenditure	-$10.7B
Acquisitions (Net)	-$1.3B
Purchases of Investments	-$29.2B
Sales/Maturities of Investments	$22.9B
Other Investing Activities	$258M
NET CASH FROM INVESTING	-$18.1B
Net Debt Issuance	-$31M
Common Stock Repurchased	-$2.4B
Common Dividends Paid	-$4.5B
Other Financing Activities	$1.2B
NET CASH FROM FINANCING	-$5.5B
FREE CASH FLOW	$10.0B
Net Change in Cash	-$2.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$5.7B
Short-Term Investments	$14.4B
Net Receivables	$3.6B
Inventory	$4.2B
Other Current Assets	$4.2B
TOTAL CURRENT ASSETS	$32.1B
PP&E (Net)	$31.4B
Goodwill	$10.5B
Intangible Assets	$5.2B
Long-Term Investments	$7.7B
Tax Assets	$434M
Other Non-Current Assets	$5.1B
TOTAL NON-CURRENT ASSETS	$60.3B
TOTAL ASSETS	$92.4B
Account Payables	$3.0B
Short-Term Debt	$281M
Deferred Revenue	$2.1B
Other Current Liabilities	$3.5B
TOTAL CURRENT LIABILITIES	$13.6B
Long-Term Debt	$13.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4.4B
Other Non-Current Liabilities	$3.0B
TOTAL NON-CURRENT LIABILITIES	$20.5B
TOTAL LIABILITIES	$34.1B
Common Stock	$21.5B
Additional Paid-In Capital	$0
Retained Earnings	$35.5B
Treasury Stock	$0
Accum. Other Comp. Income	$1.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$58.3B
Minority Interest	$0
TOTAL EQUITY	$58.3B
TOTAL LIABILITIES & EQUITY	$92.4B
Total Debt	$13.4B
Net Debt	$7.8B