10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTEL CORP | |||
Ticker: INTC Fiscal Year: 2013 | |||
Consolidated Statements of Income | |||
Period Ending Dec 28, 2013 10-K (Filed: Feb 14, 2014) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 28, 2013 | Dec 29, 2012 | Dec 31, 2011 | |
| Net revenue | $ 52,708 | 53,341 | 53,999 |
| Cost of sales | 21,187 | 20,190 | 20,242 |
| Gross margin | 31,521 | 33,151 | 33,757 |
| Research and development | 10,611 | 10,148 | 8,350 |
| Marketing, general and administrative | 8,088 | 8,057 | 7,670 |
| Restructuring and asset impairment charges | 240 | 0 | 0 |
| Operating expenses | 19,230 | 18,513 | 16,280 |
| Operating income | 12,291 | 14,638 | 17,477 |
| Gains (losses) on equity investments, net | 471 | 141 | 112 |
| Interest and other, net | (151) | 94 | 192 |
| Income before taxes | 12,611 | 14,873 | 17,781 |
| Provision for taxes | 2,991 | 3,868 | 4,839 |
| Net income | 9,620 | 11,005 | 12,942 |
| Basic earnings per common share (in dollars per share) | 1.94 | 2.20 | 2.46 |
| Diluted earnings per common share (in dollars per share) | 1.89 | 2.13 | 2.39 |
| Weighted average common shares outstanding: | |||
| Basic (shares) | 4,970 | 4,996 | 5,256 |
| Diluted (shares) | 5,097 | 5,160 | 5,411 |
| Income Statement Location | |||
| Operating Expense | |||
| Amortization of acquisition-related intangibles | 291 | 308 | 260 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTEL CORP | |||
Ticker: INTC Fiscal Year: 2013 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 28, 2013 10-K (Filed: Feb 14, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 28, 2013 | Dec 29, 2012 | Dec 31, 2011 | |
| Net income | $ 9,620 | 11,005 | 12,942 |
| Other comprehensive income, net of tax: | |||
| Change in net unrealized holding gains (losses) on available-for-sale investments | 1,181 | 470 | (170) |
| Change in net deferred tax asset valuation allowance | (26) | (11) | (99) |
| Change in net unrealized holding gains (losses) on derivatives | (89) | 85 | (119) |
| Change in net prior service costs | 18 | 0 | 4 |
| Change in actuarial valuation | 520 | (172) | (588) |
| Change in net foreign currency translation adjustment | 38 | 10 | (142) |
| Other comprehensive income (loss) | 1,642 | 382 | (1,114) |
| Total comprehensive income | 11,262 | 11,387 | 11,828 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTEL CORP | |||
Ticker: INTC Fiscal Year: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 28, 2013 10-K (Filed: Feb 14, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 28, 2013 | Dec 29, 2012 | Dec 31, 2011 | |
| Cash and cash equivalents, beginning of year | $ 8,478 | 5,065 | |
| Cash flows provided by (used for) operating activities: | |||
| Net income | 9,620 | 11,005 | 12,942 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 6,790 | 6,357 | 5,141 |
| Share-based compensation | 1,118 | 1,102 | 1,053 |
| Restructuring and asset impairment charges | 240 | 0 | 0 |
| Excess tax benefit from share-based payment arrangements | (49) | (142) | (37) |
| Amortization of intangibles | 1,242 | 1,165 | 923 |
| (Gains) losses on equity investments, net | (425) | (141) | (112) |
| (Gains) losses on divestitures | 0 | 0 | (164) |
| Deferred taxes | (900) | (242) | 790 |
| Changes in assets and liabilities: | |||
| Accounts receivable | 271 | (176) | (678) |
| Inventories | 563 | (626) | (243) |
| Accounts payable | 267 | 67 | 596 |
| Accrued compensation and benefits | 155 | 192 | (95) |
| Income taxes payable and receivable | 1,019 | 229 | 660 |
| Other assets and liabilities | 865 | 94 | 187 |
| Total adjustments | 11,156 | 7,879 | 8,021 |
| Net cash provided by operating activities | 20,776 | 18,884 | 20,963 |
| Cash flows provided by (used for) investing activities: | |||
| Additions to property, plant and equipment | (10,711) | (11,027) | (10,764) |
| Acquisitions, net of cash acquired | (925) | (638) | (8,721) |
| Purchases of available-for-sale investments | (12,493) | (8,694) | (11,230) |
| Sales of available-for-sale investments | 934 | 2,282 | 9,076 |
| Maturities of available-for-sale investments | 8,336 | 5,369 | 11,029 |
| Purchases of trading assets | (16,718) | (16,892) | (11,314) |
| Maturities and sales of trading assets | 13,677 | 15,786 | 11,771 |
| Collection of loans receivable | 132 | 149 | 134 |
| Origination of loans receivable | (200) | (216) | (206) |
| Investments in non-marketable equity investments | (440) | (475) | (693) |
| Return of equity method investments | 45 | 137 | 263 |
| Proceeds from divestitures | 0 | 0 | 50 |
| Other investing | 326 | 369 | 370 |
| Net cash used for investing activities | (18,073) | (14,060) | (10,301) |
| Cash flows provided by (used for) financing activities: | |||
| Increase (decrease) in short-term debt, net | (31) | 65 | 209 |
| Proceeds from government grants | 129 | 63 | 124 |
| Excess tax benefit from share-based payment arrangements | 49 | 142 | 37 |
| Issuance of long-term debt, net of issuance costs | 0 | 6,124 | 4,962 |
| Repayment of debt | 0 | (125) | 0 |
| Proceeds from sales of shares through employee equity incentive plans | 1,588 | 2,111 | 2,045 |
| Repurchase of common stock | (2,440) | (5,110) | (14,340) |
| Payment of dividends to stockholders | (4,479) | (4,350) | (4,127) |
| Other financing | (314) | (328) | (10) |
| Net cash used for financing activities | (5,498) | (1,408) | (11,100) |
| Effect of exchange rate fluctuations on cash and cash equivalents | (9) | (3) | 5 |
| Net increase (decrease) in cash and cash equivalents | (2,804) | 3,413 | (433) |
| Cash and cash equivalents, end of year | 5,674 | 8,478 | 5,065 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 204 | 71 | 0 |
| Income taxes, net of refunds | 2,874 | 3,930 | 3,338 |
| Counterparty Name | |||
| Micron Technology, Inc. | |||
| Schedule of Equity Method Investment, Equity Method Investee, Name | |||
| IM Flash Technologies, LLC and IM Flash Singapore, LLP | |||
| Proceeds from the sale of IM Flash Singapore, LLP assets and certain IM Flash Technologies, LLC assets | 0 | 605 | 0 |
| Finite-Lived Intangible Assets by Major Class | |||
| Licensed Technology and Patents | |||
| Amortization of intangibles | 272 | 214 | 181 |
| Purchases of licensed technology and patents | (36) | (815) | (66) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
INTEL CORP | ||
Ticker: INTC Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 28, 2013 10-K (Filed: Feb 14, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 28, 2013 | Dec 29, 2012 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 5,674 | 8,478 |
| Short-term investments | 5,972 | 3,999 |
| Trading assets | 8,441 | 5,685 |
| Accounts receivable, net of allowance for doubtful accounts of $38 ($38 in 2012) | 3,582 | 3,833 |
| Inventories | 4,172 | 4,734 |
| Deferred tax assets | 2,594 | 2,117 |
| Other current assets | 1,649 | 2,512 |
| Total current assets | 32,084 | 31,358 |
| Property, plant and equipment, net | 31,428 | 27,983 |
| Marketable equity securities | 6,221 | 4,424 |
| Other long-term investments | 1,473 | 493 |
| Goodwill | 10,513 | 9,710 |
| Identified intangible assets, net | 5,150 | 6,235 |
| Other long-term assets | 5,489 | 4,148 |
| Total assets | 92,358 | 84,351 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Short-term debt | 281 | 312 |
| Accounts payable | 2,969 | 3,023 |
| Accrued compensation and benefits | 3,123 | 2,972 |
| Accrued advertising | 1,021 | 1,015 |
| Deferred income | 2,096 | 1,932 |
| Other accrued liabilities | 4,078 | 3,644 |
| Total current liabilities | 13,568 | 12,898 |
| Long-term debt | 13,165 | 13,136 |
| Long-term deferred tax liabilities | 4,397 | 3,412 |
| Other long-term liabilities | 2,972 | 3,702 |
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value, 50 shares authorized; none issued | 0 | 0 |
| Common stock, $0.001 par value, 10,000 shares authorized; 4,967 issued and outstanding (4,944 issued and outstanding in 2012) and capital in excess of par value | 21,536 | 19,464 |
| Accumulated other comprehensive income (loss) | 1,243 | (399) |
| Retained earnings | 35,477 | 32,138 |
| Total stockholders' equity | 58,256 | 51,203 |
| Total liabilities and stockholders' equity | 92,358 | 84,351 |
| External Links | |
| INTEL CORP (INTC) Fiscal Year 2013 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |