INTC FY 2014 Earnings Report — Intel Corporation Revenue & Financial Results | Market Cap Arena

Intel CorporationINTC

FY 2014 Earnings

Reported February 13, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$55.9B	—	$52.7B	—	6.0%
Op. Income	$15.3B	—	$12.3B	—	24.9%
Gross Margin	63.7%	—	59.8%	—	3.9pp
Net Margin	20.9%	—	18.3%	—	2.7pp
EPS (Diluted)	$2.31	—	$1.89	—	22.2%
Free Cash Flow	$10.2B	—	$10.0B	—	1.9%

Revenue Flow

Item	Amount
REVENUE	$55.9B
Cost of Revenue	$20.3B
GROSS PROFIT	$35.6B
R&D Expenses	$11.5B
Selling & Marketing	$1.8B
General & Administrative	$6.3B
SG&A Expenses	$8.1B
Other Expenses	$94M
Operating Expenses	$20.0B
Cost & Expenses	$40.2B
OPERATING INCOME	$15.3B
Interest Income	$141M
Interest Expense	$192M
Other Income/Expenses	$454M
INCOME BEFORE TAX	$15.8B
Income Tax Expense	$4.1B
Net Income from Continuing Ops	$11.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11.7B
D&A	$294M
EBIT	$15.6B
EBITDA	$24.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$55.9B
Cost of Revenue	$20.3B
GROSS PROFIT	$35.6B
R&D Expenses	$11.5B
Selling & Marketing	$1.8B
General & Administrative	$6.3B
SG&A Expenses	$8.1B
Other Expenses	$94M
Operating Expenses	$20.0B
Cost & Expenses	$40.2B
OPERATING INCOME	$15.3B
Interest Income	$141M
Interest Expense	$192M
Other Income/Expenses	$454M
INCOME BEFORE TAX	$15.8B
Income Tax Expense	$4.1B
Net Income from Continuing Ops	$11.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11.7B
D&A	$294M
EBIT	$15.6B
EBITDA	$24.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$11.7B
Depreciation & Amortization	$8.5B
Stock-Based Compensation	$1.1B
Deferred Income Tax	-$703M
Other Non-Cash Items	-$181M
Change in Working Capital	-$99M
OPERATING CASH FLOW	$20.4B
Capital Expenditure	-$10.2B
Acquisitions (Net)	-$2.3B
Purchases of Investments	-$21.4B
Sales/Maturities of Investments	$23.3B
Other Investing Activities	$671M
NET CASH FROM INVESTING	-$9.9B
Net Debt Issuance	$235M
Common Stock Repurchased	-$10.8B
Common Dividends Paid	-$4.4B
Other Financing Activities	$1.4B
NET CASH FROM FINANCING	-$13.6B
FREE CASH FLOW	$10.2B
Net Change in Cash	-$3.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.6B
Short-Term Investments	$11.5B
Net Receivables	$4.4B
Inventory	$4.3B
Other Current Assets	$5.0B
TOTAL CURRENT ASSETS	$27.7B
PP&E (Net)	$33.2B
Goodwill	$10.9B
Intangible Assets	$4.4B
Long-Term Investments	$9.1B
Tax Assets	$622M
Other Non-Current Assets	$5.9B
TOTAL NON-CURRENT ASSETS	$64.2B
TOTAL ASSETS	$92.0B
Account Payables	$2.7B
Short-Term Debt	$1.6B
Deferred Revenue	$2.2B
Other Current Liabilities	$4.3B
TOTAL CURRENT LIABILITIES	$16.0B
Long-Term Debt	$13.0B
Deferred Revenue NC	$912M
Deferred Tax Liabilities	$3.8B
Other Non-Current Liabilities	$3.3B
TOTAL NON-CURRENT LIABILITIES	$20.1B
TOTAL LIABILITIES	$36.1B
Common Stock	$21.8B
Additional Paid-In Capital	$0
Retained Earnings	$33.4B
Treasury Stock	$0
Accum. Other Comp. Income	$666M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$55.9B
Minority Interest	$0
TOTAL EQUITY	$55.9B
TOTAL LIABILITIES & EQUITY	$92.0B
Total Debt	$13.7B
Net Debt	$11.2B