INTC FY 2019 Earnings Report — Intel Corporation Revenue & Financial Results | Market Cap Arena

Intel CorporationINTC

FY 2019 Earnings

Reported January 23, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$72.0B	—	$70.8B	—	1.6%
Op. Income	$22.0B	—	$23.3B	—	-5.5%
Gross Margin	58.6%	—	61.7%	—	-3.2pp
Net Margin	29.2%	—	29.7%	—	-0.5pp
EPS (Diluted)	$4.71	—	$4.48	—	5.1%
Free Cash Flow	$16.9B	—	$14.3B	—	18.8%

Revenue Flow

Item	Amount
REVENUE	$72.0B
Cost of Revenue	$29.8B
GROSS PROFIT	$42.1B
R&D Expenses	$13.4B
Selling & Marketing	$832M
General & Administrative	$5.3B
SG&A Expenses	$6.3B
Other Expenses	$393M
Operating Expenses	$20.1B
Cost & Expenses	$49.9B
OPERATING INCOME	$22.0B
Interest Income	$483M
Interest Expense	$489M
Other Income/Expenses	$2.0B
INCOME BEFORE TAX	$24.1B
Income Tax Expense	$3.0B
Net Income from Continuing Ops	$21.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21.0B
D&A	$10.8B
EBIT	$22.4B
EBITDA	$33.3B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$72.0B
Cost of Revenue	$29.8B
GROSS PROFIT	$42.1B
R&D Expenses	$13.4B
Selling & Marketing	$832M
General & Administrative	$5.3B
SG&A Expenses	$6.3B
Other Expenses	$393M
Operating Expenses	$20.1B
Cost & Expenses	$49.9B
OPERATING INCOME	$22.0B
Interest Income	$483M
Interest Expense	$489M
Other Income/Expenses	$2.0B
INCOME BEFORE TAX	$24.1B
Income Tax Expense	$3.0B
Net Income from Continuing Ops	$21.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21.0B
D&A	$10.8B
EBIT	$22.4B
EBITDA	$33.3B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$21.0B
Depreciation & Amortization	$10.8B
Stock-Based Compensation	$1.7B
Deferred Income Tax	$0
Other Non-Cash Items	-$1.6B
Change in Working Capital	$1.1B
OPERATING CASH FLOW	$33.1B
Capital Expenditure	-$16.2B
Acquisitions (Net)	-$1.0B
Purchases of Investments	-$12.0B
Sales/Maturities of Investments	$14.1B
Other Investing Activities	$715M
NET CASH FROM INVESTING	-$14.4B
Net Debt Issuance	$765M
Common Stock Repurchased	-$13.6B
Common Dividends Paid	-$5.6B
Other Financing Activities	$822M
NET CASH FROM FINANCING	-$17.6B
FREE CASH FLOW	$16.9B
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.2B
Short-Term Investments	$8.9B
Net Receivables	$7.7B
Inventory	$8.7B
Other Current Assets	$1.7B
TOTAL CURRENT ASSETS	$31.2B
PP&E (Net)	$55.4B
Goodwill	$26.3B
Intangible Assets	$10.8B
Long-Term Investments	$7.2B
Tax Assets	$1.2B
Other Non-Current Assets	$4.3B
TOTAL NON-CURRENT ASSETS	$105.3B
TOTAL ASSETS	$136.5B
Account Payables	$4.1B
Short-Term Debt	$3.7B
Deferred Revenue	$0
Other Current Liabilities	$6.8B
TOTAL CURRENT LIABILITIES	$22.3B
Long-Term Debt	$25.3B
Deferred Revenue NC	$1.4B
Deferred Tax Liabilities	$2.0B
Other Non-Current Liabilities	$8.0B
TOTAL NON-CURRENT LIABILITIES	$36.7B
TOTAL LIABILITIES	$59.0B
Common Stock	$25.3B
Additional Paid-In Capital	$0
Retained Earnings	$53.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$77.5B
Minority Interest	$0
TOTAL EQUITY	$77.5B
TOTAL LIABILITIES & EQUITY	$136.5B
Total Debt	$29.0B
Net Debt	$24.8B