INTC Q3 2016 Earnings Report — Intel Corporation Revenue & Financial Results | Market Cap Arena

Intel CorporationINTC

Q3 2016 Earnings

Reported October 31, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$15.8B	$13.5B	—	16.6%	—
Op. Income	$4.5B	$1.3B	—	238.5%	—
Gross Margin	63.3%	58.9%	—	4.4pp	—
Net Margin	21.4%	9.8%	—	11.6pp	—
EPS (Diluted)	$0.69	$0.27	—	155.6%	—
Free Cash Flow	$3.3B	$1.6B	—	111.4%	—

Revenue Flow

Item	Amount
REVENUE	$15.8B
Cost of Revenue	$5.8B
GROSS PROFIT	$10.0B
R&D Expenses	$3.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	-$8M
Operating Expenses	$5.1B
Cost & Expenses	$10.9B
OPERATING INCOME	$4.5B
Interest Income	$56M
Interest Expense	$180M
Other Income/Expenses	-$144M
INCOME BEFORE TAX	$4.3B
Income Tax Expense	$940M
Net Income from Continuing Ops	$3.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$74M
EBIT	$4.8B
EBITDA	$6.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$15.8B
Cost of Revenue	$5.8B
GROSS PROFIT	$10.0B
R&D Expenses	$3.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	-$8M
Operating Expenses	$5.1B
Cost & Expenses	$10.9B
OPERATING INCOME	$4.5B
Interest Income	$56M
Interest Expense	$180M
Other Income/Expenses	-$144M
INCOME BEFORE TAX	$4.3B
Income Tax Expense	$940M
Net Income from Continuing Ops	$3.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$74M
EBIT	$4.8B
EBITDA	$6.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3.4B
Depreciation & Amortization	$1.9B
Stock-Based Compensation	$324M
Deferred Income Tax	-$259M
Other Non-Cash Items	$361M
Change in Working Capital	$26M
OPERATING CASH FLOW	$5.8B
Capital Expenditure	-$2.5B
Acquisitions (Net)	-$762M
Purchases of Investments	-$5.0B
Sales/Maturities of Investments	$5.2B
Other Investing Activities	$362M
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	-$990M
Common Stock Repurchased	-$457M
Common Dividends Paid	-$1.2B
Other Financing Activities	-$27M
NET CASH FROM FINANCING	-$2.2B
FREE CASH FLOW	$3.3B
Net Change in Cash	$867M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.8B
Short-Term Investments	$13.0B
Net Receivables	$5.0B
Inventory	$5.8B
Other Current Assets	$7.7B
TOTAL CURRENT ASSETS	$36.2B
PP&E (Net)	$34.7B
Goodwill	$13.9B
Intangible Assets	$9.5B
Long-Term Investments	$10.2B
Tax Assets	$730M
Other Non-Current Assets	$7.0B
TOTAL NON-CURRENT ASSETS	$76.0B
TOTAL ASSETS	$112.2B
Account Payables	$3.2B
Short-Term Debt	$3.6B
Deferred Revenue	$1.7B
Other Current Liabilities	$8.5B
TOTAL CURRENT LIABILITIES	$20.1B
Long-Term Debt	$24.0B
Deferred Revenue NC	$886M
Deferred Tax Liabilities	$1.2B
Other Non-Current Liabilities	$3.8B
TOTAL NON-CURRENT LIABILITIES	$29.0B
TOTAL LIABILITIES	$49.1B
Common Stock	$25.1B
Additional Paid-In Capital	$0
Retained Earnings	$37.6B
Treasury Stock	$0
Accum. Other Comp. Income	$400M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$63.1B
Minority Interest	$0
TOTAL EQUITY	$63.1B
TOTAL LIABILITIES & EQUITY	$112.2B
Total Debt	$27.6B
Net Debt	$22.9B