INTC FY 2016 Earnings Report — Intel Corporation Revenue & Financial Results | Market Cap Arena

Intel CorporationINTC

FY 2016 Earnings

Reported February 17, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$59.4B	—	$55.4B	—	7.3%
Op. Income	$13.1B	—	$14.0B	—	-6.2%
Gross Margin	60.9%	—	62.6%	—	-1.7pp
Net Margin	17.4%	—	20.6%	—	-3.3pp
EPS (Diluted)	$2.12	—	$2.33	—	-9.0%
Free Cash Flow	$12.2B	—	$11.6B	—	5.3%

Revenue Flow

Item	Amount
REVENUE	$59.4B
Cost of Revenue	$23.2B
GROSS PROFIT	$36.2B
R&D Expenses	$12.7B
Selling & Marketing	$1.8B
General & Administrative	$6.6B
SG&A Expenses	$8.4B
Other Expenses	$67M
Operating Expenses	$21.4B
Cost & Expenses	$44.6B
OPERATING INCOME	$13.1B
Interest Income	$222M
Interest Expense	$733M
Other Income/Expenses	-$197M
INCOME BEFORE TAX	$12.9B
Income Tax Expense	$2.6B
Net Income from Continuing Ops	$10.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10.3B
D&A	$7.8B
EBIT	$13.7B
EBITDA	$22.8B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$59.4B
Cost of Revenue	$23.2B
GROSS PROFIT	$36.2B
R&D Expenses	$12.7B
Selling & Marketing	$1.8B
General & Administrative	$6.6B
SG&A Expenses	$8.4B
Other Expenses	$67M
Operating Expenses	$21.4B
Cost & Expenses	$44.6B
OPERATING INCOME	$13.1B
Interest Income	$222M
Interest Expense	$733M
Other Income/Expenses	-$197M
INCOME BEFORE TAX	$12.9B
Income Tax Expense	$2.6B
Net Income from Continuing Ops	$10.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10.3B
D&A	$7.8B
EBIT	$13.7B
EBITDA	$22.8B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$10.3B
Depreciation & Amortization	$7.8B
Stock-Based Compensation	$1.4B
Deferred Income Tax	$257M
Other Non-Cash Items	$1.3B
Change in Working Capital	$668M
OPERATING CASH FLOW	$21.8B
Capital Expenditure	-$9.6B
Acquisitions (Net)	-$16.4B
Purchases of Investments	-$21.5B
Sales/Maturities of Investments	$20.4B
Other Investing Activities	$1.3B
NET CASH FROM INVESTING	-$25.8B
Net Debt Issuance	$1.2B
Common Stock Repurchased	-$2.6B
Common Dividends Paid	-$4.9B
Other Financing Activities	$554M
NET CASH FROM FINANCING	-$5.7B
FREE CASH FLOW	$12.2B
Net Change in Cash	-$9.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$5.6B
Short-Term Investments	$11.5B
Net Receivables	$4.7B
Inventory	$5.6B
Other Current Assets	$8.2B
TOTAL CURRENT ASSETS	$35.5B
PP&E (Net)	$36.2B
Goodwill	$14.1B
Intangible Assets	$9.5B
Long-Term Investments	$10.9B
Tax Assets	$907M
Other Non-Current Assets	$6.3B
TOTAL NON-CURRENT ASSETS	$77.8B
TOTAL ASSETS	$113.3B
Account Payables	$2.5B
Short-Term Debt	$4.6B
Deferred Revenue	$1.7B
Other Current Liabilities	$6.2B
TOTAL CURRENT LIABILITIES	$20.3B
Long-Term Debt	$20.6B
Deferred Revenue NC	$882M
Deferred Tax Liabilities	$1.7B
Other Non-Current Liabilities	$4.4B
TOTAL NON-CURRENT LIABILITIES	$26.8B
TOTAL LIABILITIES	$47.1B
Common Stock	$25.4B
Additional Paid-In Capital	$0
Retained Earnings	$40.7B
Treasury Stock	$0
Accum. Other Comp. Income	$106M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$66.2B
Minority Interest	$0
TOTAL EQUITY	$66.2B
TOTAL LIABILITIES & EQUITY	$113.3B
Total Debt	$25.3B
Net Debt	$19.7B