INTC FY 2017 Earnings Report — Intel Corporation Revenue & Financial Results | Market Cap Arena

Intel CorporationINTC

FY 2017 Earnings

Reported February 16, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$62.8B	—	$59.4B	—	5.7%
Op. Income	$18.1B	—	$13.1B	—	37.4%
Gross Margin	62.3%	—	60.9%	—	1.3pp
Net Margin	15.3%	—	17.4%	—	-2.1pp
EPS (Diluted)	$1.99	—	$2.12	—	-6.1%
Free Cash Flow	$10.3B	—	$12.2B	—	-15.2%

Revenue Flow

Item	Amount
REVENUE	$62.8B
Cost of Revenue	$23.7B
GROSS PROFIT	$39.1B
R&D Expenses	$13.1B
Selling & Marketing	$1.4B
General & Administrative	$6.1B
SG&A Expenses	$7.5B
Other Expenses	$476M
Operating Expenses	$21.0B
Cost & Expenses	$44.7B
OPERATING INCOME	$18.1B
Interest Income	$441M
Interest Expense	$646M
Other Income/Expenses	$2.3B
INCOME BEFORE TAX	$20.4B
Income Tax Expense	$10.8B
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	$8.1B
EBIT	$21.0B
EBITDA	$29.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$62.8B
Cost of Revenue	$23.7B
GROSS PROFIT	$39.1B
R&D Expenses	$13.1B
Selling & Marketing	$1.4B
General & Administrative	$6.1B
SG&A Expenses	$7.5B
Other Expenses	$476M
Operating Expenses	$21.0B
Cost & Expenses	$44.7B
OPERATING INCOME	$18.1B
Interest Income	$441M
Interest Expense	$646M
Other Income/Expenses	$2.3B
INCOME BEFORE TAX	$20.4B
Income Tax Expense	$10.8B
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	$8.1B
EBIT	$21.0B
EBITDA	$29.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$9.6B
Depreciation & Amortization	$8.1B
Stock-Based Compensation	$1.4B
Deferred Income Tax	$1.5B
Other Non-Cash Items	-$2.1B
Change in Working Capital	$3.6B
OPERATING CASH FLOW	$22.1B
Capital Expenditure	-$11.8B
Acquisitions (Net)	-$13.0B
Purchases of Investments	-$16.5B
Sales/Maturities of Investments	$24.6B
Other Investing Activities	$816M
NET CASH FROM INVESTING	-$15.8B
Net Debt Issuance	-$364M
Common Stock Repurchased	-$3.6B
Common Dividends Paid	-$5.1B
Other Financing Activities	$576M
NET CASH FROM FINANCING	-$8.5B
FREE CASH FLOW	$10.3B
Net Change in Cash	-$2.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.4B
Short-Term Investments	$10.6B
Net Receivables	$5.6B
Inventory	$7.0B
Other Current Assets	$2.9B
TOTAL CURRENT ASSETS	$29.5B
PP&E (Net)	$41.1B
Goodwill	$24.4B
Intangible Assets	$12.7B
Long-Term Investments	$7.9B
Tax Assets	$840M
Other Non-Current Assets	$6.8B
TOTAL NON-CURRENT ASSETS	$93.7B
TOTAL ASSETS	$123.2B
Account Payables	$2.9B
Short-Term Debt	$1.8B
Deferred Revenue	$1.7B
Other Current Liabilities	$4.4B
TOTAL CURRENT LIABILITIES	$17.4B
Long-Term Debt	$25.0B
Deferred Revenue NC	$866M
Deferred Tax Liabilities	$3.0B
Other Non-Current Liabilities	$8.7B
TOTAL NON-CURRENT LIABILITIES	$36.8B
TOTAL LIABILITIES	$54.2B
Common Stock	$26.1B
Additional Paid-In Capital	$0
Retained Earnings	$42.1B
Treasury Stock	$0
Accum. Other Comp. Income	$862M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$69.0B
Minority Interest	$0
TOTAL EQUITY	$69.0B
TOTAL LIABILITIES & EQUITY	$123.2B
Total Debt	$26.8B
Net Debt	$23.4B