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: 2014 | |||
Consolidated Statements of Income | |||
Period Ending Dec 27, 2014 10-K (Filed: Feb 13, 2015) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 27, 2014 | Dec 28, 2013 | Dec 29, 2012 | |
| Net revenue | $ 55,870 | 52,708 | 53,341 |
| Cost of sales | 20,261 | 21,187 | 20,190 |
| Gross margin | 35,609 | 31,521 | 33,151 |
| Research and development | 11,537 | 10,611 | 10,148 |
| Marketing, general and administrative | 8,136 | 8,088 | 8,057 |
| Restructuring and asset impairment charges | 295 | 240 | 0 |
| Amortization of acquisition-related intangibles | 1,169 | 1,242 | 1,165 |
| Operating expenses | 20,262 | 19,230 | 18,513 |
| Operating income | 15,347 | 12,291 | 14,638 |
| Gains (losses) on equity investments, net | 411 | 471 | 141 |
| Interest and other, net | 43 | (151) | 94 |
| Income before taxes | 15,801 | 12,611 | 14,873 |
| Provision for taxes | 4,097 | 2,991 | 3,868 |
| Net income | 11,704 | 9,620 | 11,005 |
| Basic earnings per share of common stock | 2.39 | 1.94 | 2.20 |
| Diluted earnings per share of common stock | 2.31 | 1.89 | 2.13 |
| Weighted average shares of common stock outstanding: | |||
| Basic (shares) | 4,901 | 4,970 | 4,996 |
| Diluted (shares) | 5,056 | 5,097 | 5,160 |
| Income Statement Location | |||
| Operating Expense | |||
| Amortization of acquisition-related intangibles | 294 | 291 | 308 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTEL CORP | |||
Ticker: INTC Fiscal Year: 2014 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 27, 2014 10-K (Filed: Feb 13, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 27, 2014 | Dec 28, 2013 | Dec 29, 2012 | |
| Net income | $ 11,704 | 9,620 | 11,005 |
| Other comprehensive income, net of tax: | |||
| Change in net unrealized holding gains (losses) on available-for-sale investments | 577 | 1,181 | 470 |
| Change in deferred tax asset valuation allowance | (41) | (26) | (11) |
| Change in net unrealized holding gains (losses) on derivatives | (427) | (89) | 85 |
| Change in net prior service costs (credits) | (33) | 18 | 0 |
| Change in actuarial valuation | (402) | 520 | (172) |
| Change in net foreign currency translation adjustment | (251) | 38 | 10 |
| Other comprehensive income (loss) | (577) | 1,642 | 382 |
| Total comprehensive income | 11,127 | 11,262 | 11,387 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTEL CORP | |||
Ticker: INTC Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 27, 2014 10-K (Filed: Feb 13, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 27, 2014 | Dec 28, 2013 | Dec 29, 2012 | |
| Cash and cash equivalents, beginning of year | $ 5,674 | 8,478 | |
| Cash flows provided by (used for) operating activities: | |||
| Net income | 11,704 | 9,620 | 11,005 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 7,380 | 6,790 | 6,357 |
| Share-based compensation | 1,148 | 1,118 | 1,102 |
| Restructuring and asset impairment charges | 295 | 240 | 0 |
| Excess tax benefit from share-based payment arrangements | (122) | (49) | (142) |
| Amortization of intangibles | 1,169 | 1,242 | 1,165 |
| (Gains) losses on equity investments, net | (354) | (425) | (141) |
| Deferred taxes | (703) | (900) | (242) |
| Changes in assets and liabilities: | |||
| Accounts receivable | (861) | 271 | (176) |
| Inventories | (98) | 563 | (626) |
| Accounts payable | (249) | 267 | 67 |
| Accrued compensation and benefits | 4 | 155 | 192 |
| Income taxes payable and receivable | (286) | 1,019 | 229 |
| Other assets and liabilities | 1,391 | 865 | 94 |
| Total adjustments | 8,714 | 11,156 | 7,879 |
| Net cash provided by operating activities | 20,418 | 20,776 | 18,884 |
| Cash flows provided by (used for) investing activities: | |||
| Additions to property, plant and equipment | (10,105) | (10,711) | (11,027) |
| Acquisitions, net of cash acquired | (934) | (925) | (638) |
| Purchases of available-for-sale investments | (7,007) | (12,493) | (8,694) |
| Sales of available-for-sale investments | 1,227 | 934 | 2,282 |
| Maturities of available-for-sale investments | 8,944 | 8,336 | 5,369 |
| Purchases of trading assets | (14,397) | (16,718) | (16,892) |
| Maturities and sales of trading assets | 13,165 | 13,677 | 15,786 |
| Origination of loans receivable | 0 | (200) | (216) |
| Investments in non-marketable equity investments | (1,377) | (440) | (475) |
| Other investing | 671 | 503 | 655 |
| Net cash used for investing activities | (9,905) | (18,073) | (14,060) |
| Cash flows provided by (used for) financing activities: | |||
| Increase (decrease) in short-term debt, net | 235 | (31) | 65 |
| Proceeds from government grants | 104 | 129 | 63 |
| Excess tax benefit from share-based payment arrangements | 122 | 49 | 142 |
| Issuance of long-term debt, net of issuance costs | 0 | 0 | 6,124 |
| Proceeds from sales of common stock through employee equity incentive plans | 1,660 | 1,588 | 2,111 |
| Repurchase of common stock | (10,792) | (2,147) | (4,765) |
| Restricted stock unit withholdings | (332) | (293) | (345) |
| Payment of dividends to stockholders | (4,409) | (4,479) | (4,350) |
| Collateral associated with repurchase of common stock | (325) | 0 | 0 |
| Increase in liability due to collateral associated with repurchase of common stock | 325 | 0 | 0 |
| Other financing | (199) | (314) | (453) |
| Net cash used for financing activities | (13,611) | (5,498) | (1,408) |
| Effect of exchange rate fluctuations on cash and cash equivalents | (15) | (9) | (3) |
| Net increase (decrease) in cash and cash equivalents | (3,113) | (2,804) | 3,413 |
| Cash and cash equivalents, end of year | 2,561 | 5,674 | 8,478 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest, net of capitalized interest | 167 | 204 | 71 |
| Income taxes, net of refunds | 4,639 | 2,874 | 3,930 |
| Counterparty Name | |||
| Micron Technology, Inc. | |||
| Investment, 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 | 0 | 605 |
| Finite-Lived Intangible Assets by Major Class | |||
| Licensed Technology and Patents | |||
| Purchases of licensed technology and patents | (92) | (36) | (815) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
INTEL CORP | ||
Ticker: INTC Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 27, 2014 10-K (Filed: Feb 13, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 27, 2014 | Dec 28, 2013 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,561 | 5,674 |
| Short-term investments | 2,430 | 5,972 |
| Trading assets | 9,063 | 8,441 |
| Accounts receivable, net of allowance for doubtful accounts of $38 ($38 in 2013) | 4,427 | 3,582 |
| Inventories | 4,273 | 4,172 |
| Deferred tax assets | 1,958 | 2,594 |
| Other current assets | 3,018 | 1,649 |
| Total current assets | 27,730 | 32,084 |
| Property, plant and equipment, net | 33,238 | 31,428 |
| Marketable equity securities | 7,097 | 6,221 |
| Other long-term investments | 2,023 | 1,473 |
| Goodwill | 10,861 | 10,513 |
| Identified intangible assets, net | 4,446 | 5,150 |
| Other long-term assets | 6,561 | 5,489 |
| Total assets | 91,956 | 92,358 |
| Liabilities, temporary equity, and stockholders equity | ||
| Current liabilities: | ||
| Short-term debt | 1,604 | 281 |
| Accounts payable | 2,748 | 2,969 |
| Accrued compensation and benefits | 3,475 | 3,123 |
| Accrued advertising | 1,092 | 1,021 |
| Deferred income | 2,205 | 2,096 |
| Other accrued liabilities | 4,895 | 4,078 |
| Total current liabilities | 16,019 | 13,568 |
| Long-term debt | 12,107 | 13,165 |
| Long-term deferred tax liabilities | 3,775 | 4,397 |
| Other long-term liabilities | 3,278 | 2,972 |
| Commitments and contingencies (Notes 17 and 25) | ||
| Temporary equity | 912 | 0 |
| 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; 4,752 shares issued and 4,748 shares outstanding (4,967 issued and outstanding in 2013) and capital in excess of par value | 21,781 | 21,536 |
| Accumulated other comprehensive income (loss) | 666 | 1,243 |
| Retained earnings | 33,418 | 35,477 |
| Total stockholders equity | 55,865 | 58,256 |
| Total liabilities, temporary equity, and stockholders equity | 91,956 | 92,358 |
| External Links | |
| INTEL CORP (INTC) Fiscal Year 2014 | |
| 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 |