INTC Q2 2016 Earnings Report — Intel Corporation Revenue & Financial Results | Market Cap Arena

Intel CorporationINTC

Q2 2016 Earnings

Reported August 1, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$13.5B	$13.7B	—	-1.2%	—
Op. Income	$1.3B	$2.6B	—	-48.7%	—
Gross Margin	58.9%	59.3%	—	-0.4pp	—
Net Margin	9.8%	14.9%	—	-5.1pp	—
EPS (Diluted)	$0.27	$0.42	—	-35.7%	—
Free Cash Flow	$1.6B	$2.7B	—	-42.5%	—

Revenue Flow

Item	Amount
REVENUE	$13.5B
Cost of Revenue	$5.6B
GROSS PROFIT	$8.0B
R&D Expenses	$3.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	$10M
Operating Expenses	$5.2B
Cost & Expenses	$10.8B
OPERATING INCOME	$1.3B
Interest Income	$51M
Interest Expense	$187M
Other Income/Expenses	$352M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$340M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$89M
EBIT	$1.9B
EBITDA	$4.8B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$13.5B
Cost of Revenue	$5.6B
GROSS PROFIT	$8.0B
R&D Expenses	$3.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	$10M
Operating Expenses	$5.2B
Cost & Expenses	$10.8B
OPERATING INCOME	$1.3B
Interest Income	$51M
Interest Expense	$187M
Other Income/Expenses	$352M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$340M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$89M
EBIT	$1.9B
EBITDA	$4.8B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$1.9B
Stock-Based Compensation	$364M
Deferred Income Tax	$114M
Other Non-Cash Items	$935M
Change in Working Capital	-$815M
OPERATING CASH FLOW	$3.8B
Capital Expenditure	-$2.3B
Acquisitions (Net)	-$531M
Purchases of Investments	-$5.5B
Sales/Maturities of Investments	$4.1B
Other Investing Activities	$81M
NET CASH FROM INVESTING	-$4.2B
Net Debt Issuance	$0
Common Stock Repurchased	-$804M
Common Dividends Paid	-$1.2B
Other Financing Activities	$3.5B
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	$1.6B
Net Change in Cash	$824M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.9B
Short-Term Investments	$13.8B
Net Receivables	$4.4B
Inventory	$5.8B
Other Current Assets	$12.8B
TOTAL CURRENT ASSETS	$31.2B
PP&E (Net)	$33.8B
Goodwill	$17.0B
Intangible Assets	$10.8B
Long-Term Investments	$9.0B
Tax Assets	$701M
Other Non-Current Assets	$7.4B
TOTAL NON-CURRENT ASSETS	$78.6B
TOTAL ASSETS	$109.8B
Account Payables	$3.4B
Short-Term Debt	$4.6B
Deferred Revenue	$2.8B
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$18.7B
Long-Term Debt	$24.1B
Deferred Revenue NC	$890M
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$4.4B
TOTAL NON-CURRENT LIABILITIES	$29.8B
TOTAL LIABILITIES	$48.5B
Common Stock	$24.3B
Additional Paid-In Capital	$0
Retained Earnings	$37.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$80M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$61.4B
Minority Interest	$0
TOTAL EQUITY	$61.4B
TOTAL LIABILITIES & EQUITY	$109.8B
Total Debt	$28.6B
Net Debt	$24.7B