INTC Q2 2017 Earnings Report — Intel Corporation Revenue & Financial Results | Market Cap Arena

Intel CorporationINTC

Q2 2017 Earnings

Reported July 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$14.8B	$14.8B	$13.5B	-0.2%	9.1%
Op. Income	$3.8B	$3.6B	$1.3B	6.3%	190.4%
Gross Margin	61.6%	61.8%	58.9%	-0.2pp	2.7pp
Net Margin	19.0%	20.0%	9.8%	-1.0pp	9.2pp
EPS (Diluted)	$0.58	$0.61	$0.27	-4.9%	114.8%
Free Cash Flow	$2.0B	$1.8B	$1.6B	11.6%	31.1%

Revenue Flow

Item	Amount
REVENUE	$14.8B
Cost of Revenue	$5.7B
GROSS PROFIT	$9.1B
R&D Expenses	$3.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$5.2B
Cost & Expenses	$10.8B
OPERATING INCOME	$3.8B
Interest Income	$136M
Interest Expense	$156M
Other Income/Expenses	$745M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$2.0B
EBIT	$3.9B
EBITDA	$5.9B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$14.8B
Cost of Revenue	$5.7B
GROSS PROFIT	$9.1B
R&D Expenses	$3.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$5.2B
Cost & Expenses	$10.8B
OPERATING INCOME	$3.8B
Interest Income	$136M
Interest Expense	$156M
Other Income/Expenses	$745M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.8B
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.8B
D&A	$2.0B
EBIT	$3.9B
EBITDA	$5.9B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.8B
Depreciation & Amortization	$2.0B
Stock-Based Compensation	$328M
Deferred Income Tax	$595M
Other Non-Cash Items	-$558M
Change in Working Capital	-$454M
OPERATING CASH FLOW	$4.7B
Capital Expenditure	-$2.7B
Acquisitions (Net)	$718M
Purchases of Investments	-$5.0B
Sales/Maturities of Investments	$5.5B
Other Investing Activities	$41M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$6.1B
Common Stock Repurchased	-$1.3B
Common Dividends Paid	-$1.3B
Other Financing Activities	$320M
NET CASH FROM FINANCING	$3.5B
FREE CASH FLOW	$2.0B
Net Change in Cash	$6.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$11.7B
Short-Term Investments	$14.2B
Net Receivables	$5.4B
Inventory	$6.3B
Other Current Assets	$3.0B
TOTAL CURRENT ASSETS	$40.6B
PP&E (Net)	$38.1B
Goodwill	$14.1B
Intangible Assets	$8.9B
Long-Term Investments	$15.4B
Tax Assets	$753M
Other Non-Current Assets	$4.3B
TOTAL NON-CURRENT ASSETS	$81.5B
TOTAL ASSETS	$122.1B
Account Payables	$3.7B
Short-Term Debt	$4.1B
Deferred Revenue	$1.6B
Other Current Liabilities	$7.1B
TOTAL CURRENT LIABILITIES	$18.8B
Long-Term Debt	$27.9B
Deferred Revenue NC	$874M
Deferred Tax Liabilities	$2.5B
Other Non-Current Liabilities	$4.3B
TOTAL NON-CURRENT LIABILITIES	$34.7B
TOTAL LIABILITIES	$53.5B
Common Stock	$25.8B
Additional Paid-In Capital	$0
Retained Earnings	$41.7B
Treasury Stock	$0
Accum. Other Comp. Income	$1.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$68.6B
Minority Interest	$0
TOTAL EQUITY	$68.6B
TOTAL LIABILITIES & EQUITY	$122.1B
Total Debt	$32.0B
Net Debt	$20.3B