Stock Analysis on Net

Intel Corp. (NASDAQ:INTC) 

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Intel Corp., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Cash and cash equivalents 8,249 7,079 11,144 4,827 5,865
Short-term investments 13,813 17,955 17,194 23,586 18,030
Accounts receivable, net 3,478 3,402 4,133 9,457 6,782
Inventories 12,198 11,127 13,224 10,776 8,427
Other current assets 9,586 3,706 4,712 9,072 8,145
Current assets 47,324 43,269 50,407 57,718 47,249
Property, plant, and equipment, net 107,919 96,647 80,860 63,245 56,584
Marketable equity investments 848 1,194 1,341 2,171 1,830
Non-marketable equity investments 4,535 4,635 4,571 4,127 3,322
Equity investments 5,383 5,829 5,912 6,298 5,152
Other long-term investments 840 2,192
Goodwill 24,693 27,591 27,591 26,963 26,971
Identified intangible assets, net 3,691 4,589 6,018 7,270 9,026
Other long-term assets 7,475 13,647 11,315 6,072 5,917
Long-term assets 149,161 148,303 131,696 110,688 105,842
Total assets 196,485 191,572 182,103 168,406 153,091

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).


The financial data reveals several noteworthy trends in the asset composition over the periods analyzed.

Cash and Cash Equivalents
This category experienced volatility throughout the years, starting at $5,865 million and declining to $4,827 million by the end of 2021. A significant increase followed in 2022, reaching $11,144 million, before dropping again in 2023 to $7,079 million and rising moderately to $8,249 million in 2024.
Short-term Investments
Short-term investments rose from $18,030 million in 2020 to peak at $23,586 million in 2021. Afterwards, there was a downward trend to $17,194 million in 2022, with slight fluctuations to $17,955 million in 2023 and a decline to $13,813 million in 2024.
Accounts Receivable, Net
Accounts receivable showed significant fluctuation, surging from $6,782 million in 2020 to $9,457 million in 2021, before sharply decreasing to $4,133 million in 2022, and further declining slightly in subsequent years to $3,478 million in 2024.
Inventories
This category increased steadily from $8,427 million in 2020 to $13,224 million in 2022. There was a reduction to $11,127 million in 2023 but then a recovery to $12,198 million in 2024, indicating some inventory management adjustments.
Other Current Assets
Other current assets rose modestly from $8,145 million in 2020 to $9,072 million in 2021, followed by a steep decrease to $4,712 million in 2022 and a further decline to $3,706 million in 2023. However, this was followed by a notable rebound to $9,586 million in 2024.
Current Assets
The total current assets increased from $47,249 million in 2020 to a peak of $57,718 million in 2021, then declined to $50,407 million in 2022 and continued to decrease to $43,269 million in 2023, before rebounding to $47,324 million in 2024.
Property, Plant, and Equipment, Net
This long-term asset showed consistent growth from $56,584 million in 2020 to $107,919 million in 2024, indicating ongoing capital investment and expansion in fixed assets.
Marketable Equity Investments
There was a gradual decline in marketable equity investments from $1,830 million in 2020 to $848 million in 2024, suggesting a reduced allocation towards these assets.
Non-Marketable Equity Investments
Non-marketable equity investments increased steadily from $3,322 million in 2020 to a peak of $4,635 million in 2023 before a slight decrease to $4,535 million in 2024.
Equity Investments
Total equity investments rose from $5,152 million in 2020 to $6,298 million in 2021, declining gradually thereafter to $5,383 million in 2024, indicating some divestitures or revaluations.
Other Long-term Investments
These investments increased sharply from $2,192 million in 2020 to $8,400 million in 2021 but data is missing for the subsequent years, making trend analysis for later periods unavailable.
Goodwill
Goodwill remained relatively stable around $27,000 million from 2020 to 2023, with a decrease to $24,693 million in 2024, suggesting potential impairments or write-downs.
Identified Intangible Assets, Net
This category showed a consistent decline year over year, dropping from $9,026 million in 2020 to $3,691 million in 2024, reflecting amortization or impairment of intangible assets.
Other Long-term Assets
Other long-term assets demonstrated variability, increasing from $5,917 million in 2020 to $13,647 million in 2023, then declining sharply to $7,475 million in 2024.
Long-term Assets
Overall, long-term assets displayed a steady increase from $105,842 million in 2020 to $149,161 million in 2024, consistent with ongoing investment and asset growth strategies.
Total Assets
Total assets increased continuously from $153,091 million in 2020 to $196,485 million in 2024, evidencing overall asset base growth despite fluctuations in individual asset categories.

Assets: Selected Items


Current Assets: Selected Items