Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Intel Corp., consolidated income statement

US$ in millions

12 months ended:	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020	Dec 28, 2019
Net revenue	54,228)	63,054)	79,024)	77,867)	71,965)
Cost of sales	(32,517)	(36,188)	(35,209)	(34,255)	(29,825)
Gross margin	21,711)	26,866)	43,815)	43,612)	42,140)
Research and development	(16,046)	(17,528)	(15,190)	(13,556)	(13,362)
Marketing, general and administrative	(5,634)	(7,002)	(6,543)	(6,180)	(6,350)
Restructuring and other charges	62)	(2)	(2,626)	(198)	(393)
Operating expenses	(21,618)	(24,532)	(24,359)	(19,934)	(20,105)
Operating income	93)	2,334)	19,456)	23,678)	22,035)
Ongoing mark-to-market adjustments on marketable equity securities	(36)	(787)	(130)	(133)	277)
Observable price adjustments on non-marketable equity securities	17)	299)	750)	176)	293)
Impairment charges	(214)	(190)	(154)	(303)	(122)
Sale of equity investments and other	273)	4,946)	2,263)	2,164)	1,091)
Gains (losses) on equity investments, net	40)	4,268)	2,729)	1,904)	1,539)
Interest income	1,335)	589)	144)	272)	483)
Interest expense	(878)	(496)	(597)	(629)	(489)
Other, net	172)	1,073)	(29)	(147)	490)
Interest and other, net	629)	1,166)	(482)	(504)	484)
Income before taxes	762)	7,768)	21,703)	25,078)	24,058)
(Provision for) benefit from taxes	913)	249)	(1,835)	(4,179)	(3,010)
Net income	1,675)	8,017)	19,868)	20,899)	21,048)
Net (income) loss attributable to non-controlling interests	14)	(3)	—)	—)	—)
Net income attributable to Intel	1,689)	8,014)	19,868)	20,899)	21,048)

Based on: 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), 10-K (reporting date: 2019-12-28).

Download chart

Income statement item	Description	The company
Net revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Intel Corp. net revenue decreased from 2021 to 2022 and from 2022 to 2023.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Intel Corp. operating income decreased from 2021 to 2022 and from 2022 to 2023.
Income before taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Intel Corp. income before taxes decreased from 2021 to 2022 and from 2022 to 2023.
Net income attributable to Intel	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Intel Corp. net income attributable to Intel decreased from 2021 to 2022 and from 2022 to 2023.

Intel Corp. (NASDAQ:INTC)

Income Statement