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: 2021 | |||
Consolidated Statements of Income | |||
Period Ending Dec 25, 2021 10-K (Filed: Jan 27, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
| Net revenue | $ 79,024 | 77,867 | 71,965 |
| Cost of sales | 35,209 | 34,255 | 29,825 |
| Gross margin | 43,815 | 43,612 | 42,140 |
| Research and development | 15,190 | 13,556 | 13,362 |
| Marketing, general and administrative | 6,543 | 6,180 | 6,350 |
| Restructuring and other charges | 2,626 | 198 | 393 |
| Operating expenses | 24,359 | 19,934 | 20,105 |
| Operating income | 19,456 | 23,678 | 22,035 |
| Gains (losses) on equity investments, net | 2,729 | 1,904 | 1,539 |
| Interest and other, net | (482) | (504) | 484 |
| Income before taxes | 21,703 | 25,078 | 24,058 |
| Provision for taxes | 1,835 | 4,179 | 3,010 |
| Net income | 19,868 | 20,899 | 21,048 |
| Earnings per sharebasic | 4.89 | 4.98 | 4.77 |
| Earnings per sharediluted | 4.86 | 4.94 | 4.71 |
| Weighted average shares of common stock outstanding: | |||
| Basic (shares) | 4,059 | 4,199 | 4,417 |
| Diluted (shares) | 4,090 | 4,232 | 4,473 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTEL CORP | |||
Ticker: INTC Fiscal Year: 2021 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 25, 2021 10-K (Filed: Jan 27, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
| Net income | $ 19,868 | 20,899 | 21,048 |
| Other comprehensive income, net of tax: | |||
| Net unrealized holding gains (losses) on derivatives | (520) | 677 | 177 |
| Actuarial valuation and other pension benefits (expenses), net | 451 | (183) | (564) |
| Translation adjustments and other | (60) | 35 | 81 |
| Other comprehensive income (loss) | (129) | 529 | (306) |
| Total comprehensive income | 19,739 | 21,428 | 20,742 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
INTEL CORP | |||
Ticker: INTC Fiscal Year: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 25, 2021 10-K (Filed: Jan 27, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
| Cash and cash equivalents, beginning of period | $ 5,865 | 4,194 | |
| Cash flows provided by (used for) operating activities: | |||
| Net income | 19,868 | 20,899 | 21,048 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 9,953 | 10,482 | 9,204 |
| Share-based compensation | 2,036 | 1,854 | 1,705 |
| Restructuring and other charges | 2,626 | 198 | 393 |
| Amortization of intangibles | 1,839 | 1,757 | 1,622 |
| (Gains) losses on equity investments, net | (1,458) | (1,757) | (892) |
| Changes in assets and liabilities: | |||
| Accounts receivable | (2,674) | 883 | (935) |
| Inventories | (2,339) | (687) | (1,481) |
| Accounts payable | 1,190 | 405 | 696 |
| Accrued compensation and benefits | 515 | 348 | (260) |
| Customer deposits and prepaid supply agreements | (1,583) | (181) | (782) |
| Income taxes | (441) | 1,620 | 885 |
| Other assets and liabilities | 459 | (437) | 1,942 |
| Total adjustments | 10,123 | 14,485 | 12,097 |
| Net cash provided by operating activities | 29,991 | 35,384 | 33,145 |
| Cash flows provided by (used for) investing activities: | |||
| Additions to property, plant and equipment | (18,733) | (14,259) | (16,213) |
| Additions to held for sale NAND property, plant, and equipment | 1,596 | 194 | 0 |
| Acquisitions, net of cash acquired | (209) | (837) | (1,958) |
| Purchases of available-for-sale debt investments | (5,051) | (6,862) | (2,268) |
| Maturities and sales of available-for-sale debt investments | 6,467 | 6,781 | 4,226 |
| Purchases of trading assets | (35,503) | (22,377) | (9,162) |
| Maturities and sales of trading assets | 28,832 | 15,377 | 7,178 |
| Purchases of equity investments | (613) | (720) | (522) |
| Proceeds from Equity Method Investment, Distribution, Return of Capital | 581 | 910 | 2,688 |
| Other investing | 658 | 1,385 | 1,626 |
| Net cash used for investing activities | (25,167) | (20,796) | (14,405) |
| Cash flows provided by (used for) financing activities: | |||
| Issuance of term debt, net of issuance costs | 4,974 | 10,247 | 3,392 |
| Repayments of Long-term Debt | (2,500) | (4,525) | (2,627) |
| Proceeds from sales of common stock through employee equity incentive plans | 1,020 | 897 | 750 |
| Repurchase of common stock | (2,415) | (14,229) | (13,576) |
| Payment of dividends to stockholders | (5,644) | (5,568) | (5,576) |
| Other financing | (1,297) | 261 | 72 |
| Net cash provided by (used for) financing activities | (5,862) | (12,917) | (17,565) |
| Net increase (decrease) in cash and cash equivalents | (1,038) | 1,671 | 1,175 |
| Cash and cash equivalents, end of period | 4,827 | 5,865 | 4,194 |
| Supplemental disclosures: | |||
| Acquisition of property, plant and equipment included in accounts payable and accrued liabilities | 1,619 | 2,973 | 1,761 |
| Interest, net of capitalized interest | 545 | 594 | 469 |
| Income taxes, net of refunds | 2,263 | 2,436 | 2,110 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
INTEL CORP | ||
Ticker: INTC Fiscal Year: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 25, 2021 10-K (Filed: Jan 27, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 25, 2021 | Dec 26, 2020 | |
| Assets | ||
| Current assets: | ||
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $ 4,827 | 5,865 |
| Short-term investments | 2,103 | 2,292 |
| Trading assets | 21,483 | 15,738 |
| Accounts receivable, net of allowance for doubtful accounts | 9,457 | 6,782 |
| Inventories | 10,776 | 8,427 |
| Assets held for sale | 6,942 | 5,400 |
| Other current assets | 2,130 | 2,745 |
| Total current assets | 57,718 | 47,249 |
| Property, plant and equipment, net | 63,245 | 56,584 |
| Equity investments | 6,298 | 5,152 |
| Other long-term investments | 840 | 2,192 |
| Goodwill | 26,963 | 26,971 |
| Identified intangible assets, net | 7,270 | 9,026 |
| Other long-term assets | 6,072 | 5,917 |
| Total assets | 168,406 | 153,091 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Short-term debt | 4,591 | 2,504 |
| Accounts payable | 5,747 | 5,581 |
| Accrued compensation and benefits | 4,535 | 3,999 |
| Other accrued liabilities | 12,589 | 12,670 |
| Total current liabilities | 27,462 | 24,754 |
| Debt | 33,510 | 33,897 |
| Contract Liabilities | 185 | 1,367 |
| Income taxes payable, non-current | 4,305 | 4,578 |
| Deferred income taxes | 2,667 | 3,843 |
| Other long-term liabilities | 4,886 | 3,614 |
| Commitments and Contingencies (Note 19) | ||
| 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; 4,070 shares issued and outstanding (4,062 issued and outstanding in 2020) and capital in excess of par value | 28,006 | 25,556 |
| Accumulated other comprehensive income (loss) | (880) | (751) |
| Retained earnings | 68,265 | 56,233 |
| Total stockholders' equity | 95,391 | 81,038 |
| Total liabilities and stockholders' equity | 168,406 | 153,091 |
| External Links | |
| INTEL CORP (INTC) Fiscal Year 2021 | |
| 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 |