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: 2016 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 17, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 26, 2015 | Dec 27, 2014 | |
| Net revenue | $ 59,387 | 55,355 | 55,870 |
| Cost of sales | 23,196 | 20,676 | 20,261 |
| Gross margin | 36,191 | 34,679 | 35,609 |
| Research and development | 12,740 | 12,128 | 11,537 |
| Marketing, general and administrative | 8,397 | 7,930 | 8,136 |
| Restructuring and other charges | 1,886 | 354 | 295 |
| Amortization of acquisition-related intangibles | 294 | 265 | 294 |
| Operating expenses | 23,317 | 20,677 | 20,262 |
| Operating income | 12,874 | 14,002 | 15,347 |
| Gains (losses) on equity investments, net | 506 | 315 | 411 |
| Interest and other, net | (444) | (105) | 43 |
| Income before taxes | 12,936 | 14,212 | 15,801 |
| Provision for taxes | 2,620 | 2,792 | 4,097 |
| Net income | 10,316 | 11,420 | 11,704 |
| Basic earnings per share of common stock | 2.18 | 2.41 | 2.39 |
| Diluted earnings per share of common stock | 2.12 | 2.33 | 2.31 |
| Weighted average shares of common stock outstanding: | |||
| Basic (shares) | 4,730 | 4,742 | 4,901 |
| Diluted (shares) | 4,875 | 4,894 | 5,056 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTEL CORP | |||
Ticker: INTC Fiscal Year: 2016 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 17, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 26, 2015 | Dec 27, 2014 | |
| Net income | $ 10,316 | 11,420 | 11,704 |
| Other comprehensive income, net of tax: | |||
| Change in net unrealized holding gains (losses) on available-for-sale investments | 415 | (710) | 577 |
| Change in deferred tax asset valuation allowance | (8) | (18) | (41) |
| Change in net unrealized holding gains (losses) on derivatives | 7 | 157 | (427) |
| Change in net prior service (costs) credits | 0 | 7 | (33) |
| Change in actuarial valuation | (364) | 128 | (402) |
| Change in net foreign currency translation adjustment | (4) | (170) | (251) |
| Other comprehensive income (loss) | 46 | (606) | (577) |
| Total comprehensive income | 10,362 | 10,814 | 11,127 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTEL CORP | |||
Ticker: INTC Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 17, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 26, 2015 | Dec 27, 2014 | |
| Cash and cash equivalents, beginning of period | $ 15,308 | 2,561 | |
| Cash flows provided by (used for) operating activities: | |||
| Net income | 10,316 | 11,420 | 11,704 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 6,266 | 7,821 | 7,380 |
| Share-based compensation | 1,444 | 1,305 | 1,148 |
| Excess tax benefit from share-based payment arrangements | (121) | (159) | (122) |
| Restructuring and other charges | 1,886 | 354 | 295 |
| Amortization of intangibles | 1,524 | 890 | 1,169 |
| (Gains) losses on equity investments, net | (432) | (263) | (354) |
| Deferred taxes | 257 | (1,270) | (703) |
| Changes in assets and liabilities:1 | |||
| Accounts receivable | 65 | (355) | (861) |
| Inventories | 119 | (764) | (98) |
| Accounts payable | 182 | (312) | (249) |
| Accrued compensation and benefits | (1,595) | (711) | 4 |
| Income taxes payable and receivable | 1,382 | 386 | (286) |
| Other assets and liabilities | 515 | 675 | 1,391 |
| Total adjustments | 11,492 | 7,597 | 8,714 |
| Net cash provided by operating activities | 21,808 | 19,017 | 20,418 |
| Cash flows provided by (used for) investing activities: | |||
| Additions to property, plant and equipment | (9,625) | (7,326) | (10,105) |
| Acquisitions, net of cash acquired | (15,470) | (913) | (934) |
| Purchases of available-for-sale investments | (9,269) | (8,259) | (7,007) |
| Sales of available-for-sale investments | 3,852 | 2,090 | 1,227 |
| Maturities of available-for-sale investments | 5,654 | 6,168 | 8,944 |
| Purchases of trading assets | (12,237) | (11,485) | (14,397) |
| Maturities and sales of trading assets | 10,907 | 13,372 | 13,165 |
| Investments in loans receivable and reverse repurchase agreements | (223) | (2,550) | (150) |
| Collection of loans receivable and reverse repurchase agreements | 911 | 2,116 | 117 |
| Investments in non-marketable equity investments | (963) | (2,011) | (1,377) |
| Other investing | 646 | 615 | 612 |
| Net cash used for investing activities | (25,817) | (8,183) | (9,905) |
| Cash flows provided by (used for) financing activities: | |||
| Increase (decrease) in short-term debt, net | (15) | (474) | 235 |
| Excess tax benefit from share-based payment arrangements | 121 | 159 | 122 |
| Issuance of long-term debt, net of issuance costs | 2,734 | 9,476 | 0 |
| Repayments of Long-term Debt | (1,500) | 0 | 0 |
| Proceeds from sales of common stock through employee equity incentive plans | 1,108 | 866 | 1,660 |
| Repurchase of common stock | (2,587) | (3,001) | (10,792) |
| Restricted stock unit withholdings | (464) | (442) | (332) |
| Payment of dividends to stockholders | (4,925) | (4,556) | (4,409) |
| Collateral associated with repurchase of common stock | 0 | 325 | (325) |
| Increase (decrease) in liability due to collateral associated with repurchase of common stock | 0 | (325) | 325 |
| Other financing | (211) | (116) | (95) |
| Net cash provided by (used for) financing activities | (5,739) | 1,912 | (13,611) |
| Effect of exchange rate fluctuations on cash and cash equivalents | 0 | 1 | (15) |
| Net increase (decrease) in cash and cash equivalents | (9,748) | 12,747 | (3,113) |
| Cash and cash equivalents, end of period | 5,560 | 15,308 | 2,561 |
| Supplemental disclosures: | |||
| Acquisitions of property, plant, and equipment included in accounts payable and accrued liabilities | 979 | 392 | 985 |
| Interest, net of capitalized interest and interest rate swap payments/receipts | 682 | 186 | 167 |
| Income taxes, net of refunds | 877 | 3,439 | 4,639 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
INTEL CORP | ||
Ticker: INTC Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 17, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 26, 2015 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 5,560 | 15,308 |
| Short-term investments | 3,225 | 2,682 |
| Trading assets | 8,314 | 7,323 |
| Accounts receivable, net of allowance for doubtful accounts of $37 ($40 in 2015) | 4,690 | 4,787 |
| Inventories | 5,553 | 5,167 |
| Assets held for sale | 5,210 | 71 |
| Other current assets | 2,956 | 2,982 |
| Total current assets | 35,508 | 38,320 |
| Property, plant and equipment, net | 36,171 | 31,858 |
| Marketable equity securities | 6,180 | 5,960 |
| Other long-term investments | 4,716 | 1,891 |
| Goodwill | 14,099 | 11,332 |
| Identified intangible assets, net | 9,494 | 3,933 |
| Other long-term assets | 7,159 | 8,165 |
| Total assets | 113,327 | 101,459 |
| Liabilities, temporary equity, and stockholders equity | ||
| Current liabilities: | ||
| Short-term debt | 4,634 | 2,634 |
| Accounts payable | 2,475 | 2,063 |
| Accrued compensation and benefits | 3,465 | 3,138 |
| Accrued advertising | 810 | 960 |
| Deferred income | 1,718 | 2,188 |
| Liabilities held for sale | 1,920 | 56 |
| Other accrued liabilities | 5,280 | 4,607 |
| Total current liabilities | 20,302 | 15,646 |
| Long-term debt | 20,649 | 20,036 |
| Long-term deferred tax liabilities | 1,730 | 954 |
| Other long-term liabilities | 3,538 | 2,841 |
| Commitments and Contingencies (Note 20) | ||
| Temporary equity | 882 | 897 |
| 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; 4,730 shares issued and outstanding (4,725 issued and outstanding in 2015) and capital in excess of par value | 25,373 | 23,411 |
| Accumulated other comprehensive income (loss) | 106 | 60 |
| Retained earnings | 40,747 | 37,614 |
| Total stockholders equity | 66,226 | 61,085 |
| Total liabilities, temporary equity, and stockholders equity | 113,327 | 101,459 |
| External Links | |
| INTEL CORP (INTC) Fiscal Year 2016 | |
| 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 |