Intel Corp (INTC US) - Adj Highlights

In Millions of USD FY 2011

12 Months Ending 12/31/2011
Market Capitalization HISTORICAL_MARKET_CAP 121,250.0
Cash & Equivalents CASH_AND_MARKETABLE_SECURITIES 15,399.0
Preferred & Other PREFERRED_EQUITY_&_MINORITY_INT 0.0
Total Debt SHORT_AND_LONG_TERM_DEBT 7,331.0
Enterprise Value ENTERPRISE_VALUE 113,182.0

Revenue, Adj SALES_REV_TURN 53,999.0

Growth %, YoY SALES_GROWTH 23.8
Gross Profit, Adj GROSS_PROFIT 33,757.0
Margin % GROSS_PROFIT 62.5
EBITDA, Adj EBITDA 23,731.0
Margin % EBITDA 43.9
Net Income, Adj EARN_FOR_COMMON 12,954.4
Margin % EARN_FOR_COMMON 24.0
EPS, Adj IS_DIL_EPS_CONT_OPS 2.39
Growth %, YoY IS_DIL_EPS_CONT_OPS 19.4

Cash from Operations CF_CASH_FROM_OPER 20,963.0

Capital Expenditures CAPITAL_EXPEND -10,764.0
Free Cash Flow CF_FREE_CASH_FLOW 10,199.0
Source: Bloomberg
 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
12/29/2012 12/28/2013 12/27/2014 12/26/2015 12/31/2016 12/30/2017 12/29/2018
100,017.1 127,155.2 178,287.4 165,280.5 171,557.1 216,351.9 211,123.0
22,586.0 26,308.0 21,151.0 31,273.0 23,279.0 22,581.0 17,692.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
13,448.0 13,446.0 13,655.0 22,670.0 25,283.0 26,813.0 26,359.0
90,879.1 114,293.2 170,791.4 156,677.5 173,561.1 220,583.9 219,790.0

53,341.0 52,708.0 55,870.0 55,355.0 59,387.0 62,761.0 70,848.0

-1.2 -1.2 6.0 -0.9 7.3 5.7 12.9
33,151.0 31,521.0 35,609.0 34,679.0 36,233.0 39,098.0 43,737.0
62.1 59.8 63.7 62.6 61.0 62.3 61.7
22,160.0 20,563.0 24,191.0 23,433.0 22,767.0 26,289.0 31,835.0
41.5 39.0 43.3 42.3 38.3 41.9 44.9
11,013.5 9,521.2 11,628.6 11,572.4 11,148.5 10,529.1 20,421.5
20.6 18.1 20.8 20.9 18.8 16.8 28.8
2.13 1.87 2.30 2.36 2.29 2.18 4.35
-10.9 -12.2 22.7 2.9 -3.0 -4.8 99.2

18,884.0 20,776.0 20,418.0 19,018.0 21,808.0 22,110.0 29,432.0

-11,027.0 -10,711.0 -10,105.0 -7,326.0 -9,625.0 -11,778.0 -15,181.0
7,857.0 10,065.0 10,313.0 11,692.0 12,183.0 10,332.0 14,251.0
FY 2019 Est FY 2020 Est
12/31/2019 12/31/2020

71,344.0 73,904.7
0.7 3.6
43,928.7 45,235.6
61.6 61.2
32,653.1 34,638.4
45.8 46.9
20,667.2 21,475.3
29.0 29.1
4.52 4.71
4.0 4.2

-15,096.7 -14,711.1
16,146.3 17,903.2
Intel Corp (INTC US) - Adjusted
In Millions of USD except Per Share
12 Months Ending
Revenue
Sales & Services Revenue
Cost of Revenue
Cost of Goods & Services
Gross Profit
Other Operating Income
Operating Expenses
Selling, General & Admin
Research & Development
Other Operating Expense
Operating Income (Loss)
Non-Operating (Income) Loss
Interest Expense, Net
Interest Expense
Interest Income
Foreign Exch (Gain) Loss
(Income) Loss from Affiliates
Other Non-Op (Income) Loss
Pretax Income (Loss), Adjusted
Abnormal Losses (Gains)
Merger/Acquisition Expense
Asset Write-Down
Impairment of Goodwill
Gain/Loss on Sale/Acquisition of Business
Legal Settlement
Restructuring
Sale of Investments
Unrealized Investments
Other Abnormal Items
Pretax Income (Loss), GAAP
Income Tax Expense (Benefit)
Current Income Tax
Deferred Income Tax
Tax Allowance/Credit
Income (Loss) from Cont Ops
Net Extraordinary Losses (Gains)
Discontinued Operations
XO & Accounting Changes
Income (Loss) Incl. MI
Minority Interest
SALES_REV_TURN
IS_SALES_AND_SERVICES_REVENUES
IS_COGS_TO_FE_AND_PP_AND_G
IS_COG_AND_SERVICES_SOLD
GROSS_PROFIT
IS_OTHER_OPER_INC
IS_OPERATING_EXPN
IS_SG&A_EXPENSE
IS_OPEX_R&D
IS_OTHER_OPERATING_EXPENSES
IS_OPER_INC
IS_NONOP_INCOME_LOSS
IS_NET_INTEREST_EXPENSE
IS_INT_EXPENSE
IS_INT_INC
IS_FOREIGN_EXCH_LOSS
INCOME_LOSS_FROM_AFFILIATES
IS_OTHER_NON_OPERATING_INC_LOSS
PRETAX_INC
IS_ABNORMAL_ITEM
IS_MERGER_ACQUISITION_EXPENSE
IS_IMPAIRMENT_ASSETS
IS_IMPAIRMENT_GOODWILL_INTANGIBL
IS_SALE_OF_BUSINESS
IS_LEGAL_LITIGATION_SETTLEMENT
IS_RESTRUCTURING_EXPENSES
IS_GAIN_LOSS_ON_INVESTMENTS
IS_UNREALIZED_INVESTMENTS
IS_OTHER_ONE_TIME_ITEMS
PRETAX_INC
IS_INC_TAX_EXP
IS_CURRENT_INCOME_TAX_BENEFIT
IS_DEFERRED_INCOME_TAX_BENEFIT
IS_TAX_VALN_ALLOWNCE_CREDITS
IS_INC_BEF_XO_ITEM
XO_GL_NET_OF_TAX
IS_DISCONTINUED_OPERATIONS
IS_EXTRAORD_ITEMS_&_ACCTG_CHNG
NI_INCLUDING_MINORITY_INT_RATIO
MIN_NONCONTROL_INTEREST_CREDITS
Net Income, GAAP NET_INCOME
Preferred Dividends IS_TOT_CASH_PFD_DVD
Other Adjustments OTHER_ADJUSTMENTS
Net Income Avail to Common, GAAP EARN_FOR_COMMON

Net Income Avail to Common, Adj EARN_FOR_COMMON

Net Abnormal Losses (Gains) IS_NET_ABNORMAL_ITEMS
Net Extraordinary Losses (Gains) XO_GL_NET_OF_TAX

Basic Weighted Avg Shares IS_AVG_NUM_SH_FOR_EPS

Basic EPS, GAAP IS_EPS
Basic EPS from Cont Ops IS_EARN_BEF_XO_ITEMS_PER_SH
Basic EPS from Cont Ops, Adjusted IS_BASIC_EPS_CONT_OPS

Diluted Weighted Avg Shares IS_SH_FOR_DILUTED_EPS

Diluted EPS, GAAP IS_DILUTED_EPS
Diluted EPS from Cont Ops IS_DIL_EPS_BEF_XO
Diluted EPS from Cont Ops, Adjusted IS_DIL_EPS_CONT_OPS

Source: Bloomberg
 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016
12/31/2011 12/29/2012 12/28/2013 12/27/2014 12/26/2015 12/31/2016
53,999.0 53,341.0 52,708.0 55,870.0 55,355.0 59,387.0
53,999.0 53,341.0 52,708.0 55,870.0 55,355.0 59,387.0
20,242.0 20,190.0 21,187.0 20,261.0 20,676.0 23,154.0
20,242.0 20,190.0 21,187.0 20,261.0 20,676.0 23,154.0
33,757.0 33,151.0 31,521.0 35,609.0 34,679.0 36,233.0
0.0 0.0 0.0 0.0 0.0 0.0
16,090.0 18,513.0 18,990.0 19,967.0 19,957.0 21,256.0
7,670.0 8,057.0 8,088.0 8,136.0 7,930.0 8,377.0
8,350.0 10,148.0 10,611.0 11,537.0 12,128.0 12,685.0
70.0 308.0 291.0 294.0 -101.0 194.0
17,667.0 14,638.0 12,531.0 15,642.0 14,722.0 14,977.0
-133.0 -248.0 72.0 -43.0 463.0 1,209.0
-57.0 -7.0 140.0 51.0 213.0 511.0
41.0 90.0 244.0 192.0 337.0 733.0
98.0 97.0 104.0 141.0 124.0 222.0
— — — — 0.0 0.0
204.0 81.0 69.0 69.0 95.0 —
-280.0 -322.0 -137.0 -163.0 155.0 698.0
17,800.0 14,886.0 12,459.0 15,685.0 14,259.0 13,768.0
19.0 13.0 -152.0 -116.0 47.0 832.0
— — — — — 100.0
190.0 — 39.0 — 197.0 187.0
— — — — — —
— — — — -543.0 -693.0
— — — — — —
— — 201.0 295.0 354.0 1,652.0
-303.0 -141.0 -515.0 -411.0 -315.0 -506.0
— — — — — —
132.0 154.0 123.0 — 354.0 92.0
17,781.0 14,873.0 12,611.0 15,801.0 14,212.0 12,936.0
4,839.0 3,868.0 2,991.0 4,097.0 2,792.0 2,620.0
3,690.0 3,726.0 3,514.0 4,381.0 3,710.0 2,088.0
1,149.0 142.0 -523.0 -284.0 -918.0 532.0
— — — 0.0 — —
12,942.0 11,005.0 9,620.0 11,704.0 11,420.0 10,316.0
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
12,942.0 11,005.0 9,620.0 11,704.0 11,420.0 10,316.0
0.0 0.0 0.0 0.0 0.0 0.0
12,942.0 11,005.0 9,620.0 11,704.0 11,420.0 10,316.0
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
12,942.0 11,005.0 9,620.0 11,704.0 11,420.0 10,316.0

12,954.4 11,013.5 9,521.2 11,628.6 11,572.4 11,148.5

12.4 8.5 -98.8 -75.4 152.4 832.5
0.0 0.0 0.0 0.0 0.0 0.0

5,256.0 4,996.0 4,970.0 4,901.0 4,742.0 4,730.0

2.46 2.20 1.94 2.39 2.41 2.18
2.46 2.20 1.94 2.39 2.41 2.18
2.46 2.20 1.92 2.37 2.44 2.36

5,411.0 5,160.0 5,097.0 5,056.0 4,894.0 4,875.0

2.39 2.13 1.89 2.31 2.33 2.12
2.39 2.13 1.89 2.31 2.33 2.12
2.39 2.13 1.87 2.30 2.36 2.29
 FY 2017 FY 2018 FY 2019 Est FY 2020 Est
12/30/2017 12/29/2018 12/31/2019 12/31/2020
62,761.0 70,848.0 71,344.0 73,904.7
62,761.0 70,848.0
23,663.0 27,111.0
23,663.0 27,111.0
39,098.0 43,737.0 43,928.7 45,235.6
0.0 0.0
20,938.0 20,987.0
7,452.0 6,750.0
13,035.0 13,543.0
451.0 694.0
18,160.0 22,750.0 24,026.0 25,183.3
3,000.0 -251.0
205.0 30.0
646.0 468.0
441.0 438.0
0.0 0.0
232.0 —
2,795.0 -281.0
15,160.0 23,001.0 24,069.1 25,185.3
-5,192.0 -316.0
113.0 —
833.0 424.0
— —
-3,871.0 -720.0
— —
70.0 -72.0
-2,651.0 125.0
— 129.0
314.0 -202.0
20,352.0 23,317.0 24,069.1 25,185.3
10,751.0 2,264.0
9,233.0 3,872.0
1,518.0 -1,608.0
— —
9,601.0 21,053.0 19,757.4 19,972.2
0.0 0.0
0.0 0.0
0.0 0.0
9,601.0 21,053.0
0.0 0.0
 9,601.0 21,053.0 19,757.4 19,972.2
0.0 0.0
0.0 0.0
9,601.0 21,053.0 19,757.4 19,972.2

10,529.1 20,421.5 20,667.2 21,475.3

928.1 -631.5
0.0 0.0

4,701.0 4,611.0
2.04 4.57 4.32 4.55
2.04 4.57 4.32 4.55
2.24 4.43 4.52 4.71

4,835.0 4,701.0
1.99 4.48 4.32 4.55
1.99 4.48 4.32 4.55
2.18 4.35 4.52 4.71
Intel Corp (INTC US) - Standardized
In Millions of USD except Per Share FY 2009
12 Months Ending 12/26/2009
Total Assets
Cash, Cash Equivalents & STI C&CE_AND_STI_DETAILED 13,920.0
Cash & Cash Equivalents BS_CASH_NEAR_CASH_ITEM 3,987.0
ST Investments BS_MKT_SEC_OTHER_ST_INVEST 9,933.0
Accounts & Notes Receiv BS_ACCT_NOTE_RCV 2,273.0
Accounts Receivable, Net BS_ACCTS_REC_EXCL_NOTES_REC 2,273.0
Notes Receivable, Net NOTES_RECEIVABLE 0.0
Inventories BS_INVENTORIES 2,935.0
Raw Materials INVTRY_RAW_MATERIALS 437.0
Work In Process INVTRY_IN_PROGRESS 1,469.0
Finished Goods INVTRY_FINISHED_GOODS 1,029.0
Other Inventory BS_OTHER_INV 0.0
Other ST Assets OTHER_CURRENT_ASSETS_DETAILED 2,029.0
Derivative & Hedging Assets BS_DERIV_&_HEDGING_ASSETS_ST 136.0
Assets Held-for-Sale BS_ASSETS_HELD_FOR_SALE_ST —
Deferred Tax Assets BS_DEFERRED_TAX_ASSETS_ST 1,216.0
Misc ST Assets BS_OTHER_CUR_ASSET_LESS_PREPAY 677.0
Total Current Assets BS_CUR_ASSET_REPORT 21,157.0
Property, Plant & Equip, Net BS_NET_FIX_ASSET 17,225.0
Property, Plant & Equip BS_GROSS_FIX_ASSET 47,822.0
Accumulated Depreciation BS_ACCUM_DEPR 30,597.0
LT Investments & Receivables BS_LT_INVEST 4,952.0
LT Investments BS_LONG_TERM_INVESTMENTS 4,179.0
LT Marketable Securities BS_LT_MARKETABLE_SECURITIES 773.0
LT Receivables BS_LT_RECEIVABLES —
Other LT Assets BS_OTHER_ASSETS_DEF_CHRG_OTHER 9,761.0
Total Intangible Assets BS_DISCLOSED_INTANGIBLES 5,304.0
Goodwill BS_GOODWILL 4,421.0
Other Intangible Assets OTHER_INTANGIBLE_ASSETS_DETAILED 883.0
Prepaid Expense BS_PREPAID_EXPENSE_LT —
Deferred Tax Assets BS_DEFERRED_TAX_ASSETS_LT 278.0
Derivative & Hedging Assets BS_DERIV_&_HEDGING_ASSETS_LT 32.0
Prepaid Pension Costs BS_PREPAID_PENSION_COSTS_LT 85.0
Investments in Affiliates BS_INVEST_IN_ASSOC_CO —
Misc LT Assets OTHER_NONCURRENT_ASSETS_DETAILED 4,062.0
Total Noncurrent Assets BS_TOT_NON_CUR_ASSET 31,938.0
Total Assets BS_TOT_ASSET 53,095.0

Liabilities & Shareholders' Equity

Payables & Accruals ACCT_PAYABLE_&_ACCRUALS_DETAILED 6,649.0
 Accounts Payable BS_ACCT_PAYABLE 1,883.0
Accrued Taxes BS_TAXES_PAYABLE 86.0
Interest & Dividends Payable BS_INTEREST_&_DIVIDENDS_PAYABLE 0.0
Other Payables & Accruals BS_ACCRUAL 4,680.0
ST Debt BS_ST_BORROW 172.0
ST Borrowings SHORT_TERM_DEBT_DETAILED 15.0
ST Capital Leases ST_CAPITAL_LEASE_OBLIGATIONS 0.0
Current Portion of LT Debt BS_CURR_PORTION_LT_DEBT 157.0
Other ST Liabilities OTHER_CURRENT_LIABS_SUB_DETAILED 770.0
Deferred Revenue ST_DEFERRED_REVENUE 593.0
Derivatives & Hedging BS_DERIVATIVE_&_HEDGING_LIABS_ST 177.0
Misc ST Liabilities OTHER_CURRENT_LIABS_DETAILED 0.0
Total Current Liabilities BS_CUR_LIAB 7,591.0
LT Debt BS_LT_BORROW 2,049.0
LT Borrowings LONG_TERM_BORROWINGS_DETAILED 2,049.0
LT Capital Leases LT_CAPITAL_LEASE_OBLIGATIONS 0.0
Other LT Liabilities OTHER_NONCUR_LIABS_SUB_DETAILED 1,751.0
Accrued Liabilities BS_ACCRUED_LIABILITIES 0.0
Pension Liabilities PENSION_LIABILITIES 531.0
Deferred Revenue LT_DEFERRED_REVENUE 0.0
Deferred Tax Liabilities BS_DEFERRED_TAX_LIABILITIES_LT 555.0
Derivatives & Hedging BS_DERIVATIVE_&_HEDGING_LIABS_LT 49.0
Misc LT Liabilities OTHER_NONCURRENT_LIABS_DETAILED 616.0
Total Noncurrent Liabilities NON_CUR_LIAB 3,800.0
Total Liabilities BS_TOT_LIAB2 11,391.0
Preferred Equity and Hybrid Capital BS_PFD_EQTY_&_HYBRID_CPTL 0.0
Share Capital & APIC BS_SH_CAP_AND_APIC 14,993.0
Common Stock BS_COMMON_STOCK 5.5
Additional Paid in Capital BS_ADD_PAID_IN_CAP 14,987.5
Treasury Stock BS_AMT_OF_TSY_STOCK 0.0
Retained Earnings BS_PURE_RETAINED_EARNINGS 26,318.0
Other Equity OTHER_INS_RES_TO_SHRHLDR_EQY 393.00
Equity Before Minority Interest EQTY_BEF_MINORITY_INT_DETAILED 41,704.0
Minority/Non Controlling Interest MINORITY_NONCONTROLLING_INTEREST 0.0
Total Equity TOTAL_EQUITY 41,704.0
Total Liabilities & Equity TOT_LIAB_AND_EQY 53,095.0

Source: Bloomberg
 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016
12/25/2010 12/31/2011 12/29/2012 12/28/2013 12/27/2014 12/26/2015 12/31/2016

21,885.0 14,837.0 18,162.0 20,087.0 14,054.0 25,313.0 17,099.0

5,498.0 5,065.0 8,478.0 5,674.0 2,561.0 15,308.0 5,560.0
16,387.0 9,772.0 9,684.0 14,413.0 11,493.0 10,005.0 11,539.0
2,867.0 3,650.0 3,833.0 3,582.0 4,427.0 4,787.0 4,690.0
2,867.0 3,650.0 3,833.0 3,582.0 4,427.0 4,787.0 4,690.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
3,757.0 4,096.0 4,734.0 4,172.0 4,273.0 5,167.0 5,553.0
471.0 644.0 478.0 458.0 462.0 532.0 695.0
1,887.0 1,680.0 2,219.0 1,998.0 2,375.0 2,893.0 3,190.0
1,399.0 1,772.0 2,037.0 1,716.0 1,436.0 1,742.0 1,668.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
3,102.0 3,289.0 4,629.0 4,243.0 4,976.0 3,053.0 8,166.0
330.0 166.0 221.0 252.0 354.0 445.0 382.0
— — — — — 71.0 5,210.0
1,488.0 1,700.0 2,117.0 2,594.0 1,958.0 1,051.0 907.0
1,284.0 1,423.0 2,291.0 1,397.0 2,664.0 1,486.0 1,667.0
31,611.0 25,872.0 31,358.0 32,084.0 27,730.0 38,320.0 35,508.0
17,899.0 23,627.0 27,983.0 31,428.0 33,238.0 31,858.0 36,171.0
50,481.0 58,073.0 66,046.0 73,416.0 79,709.0 83,396.0 90,105.0
32,582.0 34,446.0 38,063.0 41,988.0 46,471.0 51,538.0 53,934.0
4,034.0 1,451.0 4,917.0 7,694.0 7,674.0 7,221.0 9,804.0
3,026.0 889.0 493.0 1,473.0 577.0 301.0 3,388.0
1,008.0 562.0 4,424.0 6,221.0 7,097.0 5,960.0 6,180.0
— — — — — 960.0 236.0
9,642.0 20,169.0 20,093.0 21,152.0 23,258.0 24,060.0 31,844.0
5,391.0 15,521.0 15,945.0 15,663.0 15,307.0 15,265.0 23,593.0
4,531.0 9,254.0 9,710.0 10,513.0 10,861.0 11,332.0 14,099.0
860.0 6,267.0 6,235.0 5,150.0 4,446.0 3,933.0 9,494.0
— — — — 636.0 623.0 347.0
289.0 335.0 358.0 434.0 622.0 1,051.0 907.0
50.0 63.0 38.0 47.0 57.0 40.0 40.0
35.0 0.0 1.0 16.0 14.0 15.0 0.0
— — — — 1,446.0 1,590.0 1,328.0
3,877.0 4,250.0 3,751.0 4,992.0 5,176.0 5,476.0 5,629.0
31,575.0 45,247.0 52,993.0 60,274.0 64,170.0 63,139.0 77,819.0
63,186.0 71,119.0 84,351.0 92,358.0 91,900.0 101,459.0 113,327.0

8,459.0 9,564.0 10,362.0 10,749.0 11,702.0 10,556.0 11,659.0

 2,290.0 2,956.0 3,023.0 2,969.0 2,748.0 2,063.0 2,475.0
— — 0.0 0.0 0.0 0.0 0.0
— 0.0 0.0 0.0 0.0 0.0 0.0
6,169.0 6,608.0 7,339.0 7,780.0 8,954.0 8,493.0 9,184.0
38.0 247.0 312.0 281.0 1,596.0 2,634.0 4,634.0
38.0 247.0 312.0 281.0 508.0 32.0 16.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
— — — — 1,088.0 2,602.0 4,618.0
830.0 2,217.0 2,224.0 2,538.0 2,713.0 2,456.0 4,009.0
622.0 1,929.0 1,932.0 2,096.0 2,205.0 2,188.0 1,718.0
208.0 288.0 292.0 442.0 508.0 212.0 371.0
0.0 0.0 0.0 0.0 0.0 56.0 1,920.0
9,327.0 12,028.0 12,898.0 13,568.0 16,011.0 15,646.0 20,302.0
2,077.0 7,084.0 13,136.0 13,165.0 12,059.0 20,036.0 20,649.0
2,077.0 7,084.0 13,136.0 13,165.0 12,059.0 20,036.0 20,649.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
2,352.0 6,096.0 7,114.0 7,369.0 7,965.0 3,795.0 5,268.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
697.0 1,483.0 1,923.0 1,308.0 1,808.0 1,657.0 2,119.0
0.0 0.0 473.0 506.0 483.0 530.0 65.0
926.0 2,617.0 3,412.0 4,397.0 3,775.0 954.0 1,730.0
47.0 0.0 20.0 33.0 17.0 33.0 212.0
682.0 1,996.0 1,286.0 1,125.0 1,882.0 621.0 1,142.0
4,429.0 13,180.0 20,250.0 20,534.0 20,024.0 23,831.0 25,917.0
13,756.0 25,208.0 33,148.0 34,102.0 36,035.0 39,477.0 46,219.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
16,178.0 17,036.0 19,464.0 21,536.0 21,781.0 23,411.0 25,373.0
5.6 5.0 4.9 5.0 4.8 4.7 4.7
16,172.4 17,031.0 19,459.1 21,531.0 21,776.2 23,406.3 25,368.3
— 0.0 0.0 0.0 — 0.0 0.0
32,919.0 29,656.0 32,138.0 35,477.0 33,418.0 37,614.0 40,747.0
333.00 -781.00 -399.00 1,243.00 666.00 957.00 988.00
49,430.0 45,911.0 51,203.0 58,256.0 55,865.0 61,982.0 67,108.0
0.0 0.0 0.0 0.0 0.0 0.0 0.0
49,430.0 45,911.0 51,203.0 58,256.0 55,865.0 61,982.0 67,108.0
63,186.0 71,119.0 84,351.0 92,358.0 91,900.0 101,459.0 113,327.0
 FY 2017 FY 2018
12/30/2017 12/29/2018

14,002.0 11,650.0
3,433.0 3,019.0
10,569.0 8,631.0
5,607.0 6,722.0
5,607.0 6,722.0
0.0 0.0
6,983.0 7,253.0
738.0 813.0
4,213.0 4,511.0
2,032.0 1,929.0
0.0 0.0
2,908.0 3,162.0
279.0 180.0
— —
840.0 1,122.0
1,789.0 1,860.0
29,500.0 28,787.0
41,109.0 48,976.0
100,395.0 114,318.0
59,286.0 65,342.0
11,377.0 8,285.0
1,938.0 1,764.0
8,579.0 6,042.0
860.0 479.0
41,263.0 41,915.0
37,134.0 36,349.0
24,389.0 24,513.0
12,745.0 11,836.0
714.0 1,507.0
840.0 1,122.0
84.0 100.0
0.0 0.0
1,774.0 1,624.0
717.0 1,213.0
93,749.0 99,176.0
123,249.0 127,963.0

13,535.0 14,953.0
 2,928.0 3,824.0
0.0 0.0
0.0 0.0
10,607.0 11,129.0
1,776.0 1,261.0
37.0 500.0
0.0 0.0
1,739.0 761.0
2,110.0 412.0
1,656.0 0.0
454.0 412.0
0.0 0.0
17,421.0 16,626.0
25,037.0 25,098.0
25,037.0 25,098.0
0.0 0.0
10,906.0 11,257.0
4,069.0 4,897.0
— —
0.0 2,049.0
3,046.0 1,665.0
303.0 483.0
3,488.0 2,163.0
35,943.0 36,355.0
53,364.0 52,981.0
0.0 0.0
26,074.0 25,365.0
4.7 4.5
26,069.3 25,360.5
0.0 0.0
42,083.0 50,172.0
1,728.00 -555.00
69,885.0 74,982.0
0.0 0.0
69,885.0 74,982.0
123,249.0 127,963.0
Intel Corp (INTC US) - Standardized
In Millions of USD except Per Share
12 Months Ending
Cash from Operating Activities
Net Income
Depreciation & Amortization
Non-Cash Items
Stock-Based Compensation
Deferred Income Taxes
Other Non-Cash Adj
Chg in Non-Cash Work Cap
(Inc) Dec in Accts Receiv
(Inc) Dec in Inventories
Inc (Dec) in Accts Payable
Inc (Dec) in Other
Net Cash From Disc Ops
Cash from Operating Activities
Cash from Investing Activities
Change in Fixed & Intang
Disp in Fixed & Intang
Disp of Fixed Prod Assets
Disp of Intangible Assets
Acq of Fixed & Intang
Acq of Fixed Prod Assets
Acq of Intangible Assets
Net Change in LT Investment
Dec in LT Investment
Inc in LT Investment
Net Cash From Acq & Div
Cash from Divestitures
Cash for Acq of Subs
Cash for JVs
Other Investing Activities
Net Cash From Disc Ops
Cash from Investing Activities
Cash from Financing Activities
Dividends Paid
Cash From (Repayment) Debt
Cash From (Repay) ST Debt
Cash From LT Debt
Repayments of LT Debt
CF_NET_INC
CF_DEPR_AMORT
NON_CASH_ITEMS_DETAILED
CF_STOCK_BASED_COMPENSATION
CF_DEF_INC_TAX
OTHER_NON_CASH_ADJ_LESS_DETAILED
CF_CHNG_NON_CASH_WORK_CAP
CF_ACCT_RCV_UNBILLED_REV
CF_CHANGE_IN_INVENTORIES
CF_CHANGE_IN_ACCOUNTS_PAYABLE
INC_DEC_IN_OT_OP_AST_LIAB_DETAIL
CF_NET_CASH_DISCONT_OPS_OPER
CF_CASH_FROM_OPER
CHG_IN_FXD_&_INTANG_AST_DETAILED
DISP_FXD_&_INTANGIBLES_DETAILED
CF_DISPOSAL_OF_FIXED_PROD_ASSETS
CF_DISPOSAL_OF_INTANGIBLE_ASSETS
ACQUIS_FXD_&_INTANG_DETAILED
CF_PURCHASE_OF_FIXED_PROD_ASSETS
CF_ACQUISITION_OF_INTANG_ASSETS
NET_CHG_IN_LT_INVEST_DETAILED
CF_DECR_INVEST
CF_INCR_INVEST
CF_NT_CSH_RCVD_PD_FOR_ACQUIS_DIV
CF_CASH_FOR_DIVESTITURES
CF_CASH_FOR_ACQUIS_SUBSIDIARIES
CF_CASH_FOR_JOINT_VENTURES_ASSOC
OTHER_INVESTING_ACT_DETAILED
CF_NET_CASH_DISCONTINUED_OPS_INV
CF_CASH_FROM_INV_ACT
CF_DVD_PAID
PROC_FR_REPAYMNTS_BOR_DETAILED
CF_NET_CHG_IN_ST_DBT_&_CPTL_LEAS
CF_PROC_LT_DEBT_&_CAPITAL_LEASE
CF_PYMT_LT_DEBT_&_CAPITAL_LEASE
 Cash (Repurchase) of Equity
Increase in Capital Stock
Decrease in Capital Stock
Other Financing Activities
Net Cash From Disc Ops
Cash from Financing Activities
Effect of Foreign Exchange Rates
Net Changes in Cash
Cash Paid for Taxes
Cash Paid for Interest
Source: Bloomberg
PROC_FR_REPURCH_EQTY_DETAILED
CF_INCR_CAP_STOCK
CF_DECR_CAP_STOCK
CF_OTHER_FINANCING_ACT_EXCL_FX
CF_NET_CASH_DISCONTINUED_OPS_FIN
CFF_ACTIVITIES_DETAILED
CF_EFFECT_FOREIGN_EXCHANGES
CF_NET_CHNG_CASH
CF_CASH_PAID_FOR_TAX
CF_ACT_CASH_PAID_FOR_INT_DEBT
 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014
12/26/2009 12/25/2010 12/31/2011 12/29/2012 12/28/2013 12/27/2014

4,369.0 11,464.0 12,942.0 11,005.0 9,620.0 11,704.0

5,052.0 4,638.0 6,064.0 7,522.0 8,032.0 8,549.0
1,637.0 1,359.0 1,717.0 671.0 849.0 1,655.0
880.0 852.0 1,016.0 960.0 1,069.0 1,026.0
271.0 -46.0 790.0 -242.0 -900.0 -703.0
486.0 553.0 -89.0 -47.0 680.0 1,332.0
112.0 -769.0 240.0 -314.0 2,275.0 -1,490.0
-535.0 -584.0 -678.0 -176.0 271.0 -861.0
796.0 -806.0 -243.0 -626.0 563.0 -98.0
-506.0 407.0 596.0 67.0 267.0 -249.0
357.0 214.0 565.0 421.0 1,174.0 -282.0
0.0 0.0 0.0 0.0 0.0 0.0
11,170.0 16,692.0 20,963.0 18,884.0 20,776.0 20,418.0

-4,515.0 -5,207.0 -10,830.0 -11,842.0 -10,747.0 -10,197.0

0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
-4,515.0 -5,207.0 -10,830.0 -11,842.0 -10,747.0 -10,197.0
-4,515.0 -5,207.0 -10,764.0 -11,027.0 -10,711.0 -10,105.0
0.0 0.0 -66.0 -815.0 -36.0 -92.0
-250.0 12,234.0 10,336.0 4,894.0 7,896.0 7,567.0
0.0 12,627.0 11,029.0 5,369.0 8,336.0 8,944.0
-250.0 -393.0 -693.0 -475.0 -440.0 -1,377.0
-853.0 -218.0 -8,671.0 -33.0 -925.0 -934.0
0.0 0.0 50.0 605.0 0.0 0.0
-853.0 -218.0 -8,721.0 -638.0 -925.0 -934.0
0.0 0.0 0.0 0.0 0.0 0.0
-2,347.0 -17,348.0 -1,136.0 -7,079.0 -14,297.0 -6,341.0
0.0 0.0 0.0 0.0 0.0 0.0
-7,965.0 -10,539.0 -10,301.0 -14,060.0 -18,073.0 -9,905.0

-3,108.0 -3,503.0 -4,127.0 -4,350.0 -4,479.0 -4,409.0

1,893.0 -55.0 5,295.0 6,127.0 98.0 339.0
-87.0 23.0 209.0 65.0 -31.0 235.0
1,980.0 79.0 5,086.0 6,187.0 129.0 104.0
0.0 -157.0 0.0 -125.0 0.0 0.0
-1,353.0 -1,084.0 -12,258.0 -2,857.0 -803.0 -9,335.0
409.0 652.0 2,082.0 2,253.0 1,637.0 1,782.0
-1,762.0 -1,736.0 -14,340.0 -5,110.0 -2,440.0 -11,117.0
0.0 0.0 -10.0 -328.0 -314.0 -206.0
0.0 0.0 0.0 0.0 0.0 0.0
-2,568.0 -4,642.0 -11,100.0 -1,408.0 -5,498.0 -13,611.0

0.0 0.0 5.0 -3.0 -9.0 -15.0

637.0 1,511.0 -433.0 3,413.0 -2,804.0 -3,113.0

943.0 4,627.0 3,338.0 3,930.0 2,874.0 4,639.0

4.0 — 0.0 71.0 204.0 167.0
 FY 2015 FY 2016 FY 2017 FY 2018
12/26/2015 12/31/2016 12/30/2017 12/29/2018

11,420.0 10,316.0 9,601.0 21,053.0

8,711.0 7,790.0 8,129.0 9,085.0
643.0 1,663.0 729.0 1,123.0
1,305.0 1,444.0 1,358.0 1,546.0
-1,270.0 257.0 1,548.0 -1,749.0
608.0 -38.0 -2,177.0 1,326.0
-1,756.0 2,039.0 3,651.0 -1,829.0
-355.0 65.0 -781.0 -1,714.0
-764.0 119.0 -1,300.0 -214.0
-312.0 182.0 191.0 211.0
-325.0 1,673.0 5,541.0 -112.0
0.0 0.0 0.0 0.0
19,018.0 21,808.0 22,110.0 29,432.0

-7,326.0 -9,625.0 -11,778.0 -15,181.0

0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
-7,326.0 -9,625.0 -11,778.0 -15,181.0
-7,326.0 -9,625.0 -11,778.0 -15,181.0
0.0 0.0 0.0 0.0
4,157.0 5,771.0 7,304.0 4,896.0
6,168.0 6,734.0 8,923.0 5,770.0
-2,011.0 -963.0 -1,619.0 -874.0
-913.0 -15,470.0 -14,499.0 -190.0
0.0 0.0 0.0 0.0
-913.0 -15,470.0 -14,499.0 -190.0
0.0 0.0 0.0 0.0
-4,101.0 -6,493.0 3,211.0 -764.0
0.0 0.0 0.0 0.0
-8,183.0 -25,817.0 -15,762.0 -11,239.0

-4,556.0 -4,925.0 -5,072.0 -5,541.0

9,476.0 1,219.0 -352.0 -2,143.0
— -15.0 12.0 460.0
9,476.0 2,734.0 7,716.0 423.0
0.0 -1,500.0 -8,080.0 -3,026.0
-2,135.0 -1,479.0 -2,845.0 -10,175.0
866.0 1,108.0 770.0 555.0
-3,001.0 -2,587.0 -3,615.0 -10,730.0
-873.0 -554.0 -206.0 -748.0
0.0 0.0 0.0 0.0
1,912.0 -5,739.0 -8,475.0 -18,607.0

0.0 0.0 0.0 0.0

12,747.0 -9,748.0 -2,127.0 -414.0

3,439.0 877.0 3,824.0 3,813.0

186.0 682.0 624.0 448.0
Intel Corp (INTC US) - Profitability
In Millions of USD except Per Share FY 2009
12 Months Ending 12/26/2009
Returns
Return on Common Equity RETURN_COM_EQY 10.82
Return on Assets RETURN_ON_ASSET 8.42
Return on Capital RETURN_ON_CAP 10.28
Return on Invested Capital RETURN_ON_INV_CAPITAL 10.46

Margins
Gross Margin GROSS_MARGIN 55.69
EBITDA Margin EBITDA_TO_REVENUE 30.64
Operating Margin OPER_MARGIN 16.26
Incremental Operating Margin INCREMENTAL_OPERATING_MARGIN -160.76
Pretax Margin PRETAX_INC_TO_NET_SALES 16.24
Income before XO Margin INC_BEF_XO_ITEMS_TO_NET_SALES 12.44
Net Income Margin PROF_MARGIN 12.44
Net Income to Common Margin NET_INCOME_TO_COMMON_MARGIN 12.44

Additional
Effective Tax Rate EFF_TAX_RATE 23.40
Dvd Payout Ratio DVD_PAYOUT_RATIO 71.23
Sustainable Growth Rate SUSTAIN_GROWTH_RT 3.11
Source: Bloomberg
 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016
12/25/2010 12/31/2011 12/29/2012 12/28/2013 12/27/2014 12/26/2015 12/31/2016

25.16 27.15 22.66 17.58 20.51 19.38 15.98

19.72 19.27 14.16 10.89 12.70 11.81 9.61
24.02 24.76 18.78 14.38 16.78 15.17 12.31
23.16 23.71 17.79 13.28 15.33 14.44 12.10

65.31 62.51 62.15 59.80 63.74 62.65 61.01

46.37 43.60 41.54 38.56 42.77 41.03 35.23
35.73 32.37 27.44 23.32 27.47 25.29 22.11
116.25 18.21 -431.46 -370.77 96.65 -261.17 —
36.78 32.93 27.88 23.93 28.28 25.67 21.78
26.28 23.97 20.63 18.25 20.95 20.63 17.37
26.28 23.97 20.63 18.25 20.95 20.63 17.37
26.28 23.97 20.63 18.25 20.95 20.63 17.37

28.55 27.21 26.01 23.72 25.93 19.65 20.25

30.56 31.89 39.53 46.56 37.67 39.89 47.74
17.47 18.49 13.71 9.39 12.78 11.65 8.35
 FY 2017 FY 2018
12/30/2017 12/29/2018

14.02 29.07
8.12 16.76
10.48 21.69
9.03 21.09

62.30 61.73
41.71 45.73
28.76 32.91
145.73 65.12
32.43 32.91
15.30 29.72
15.30 29.72
15.30 29.72

52.83 9.71
52.83 26.32
6.61 21.42