Stock Analysis on Net
Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

Common-Size Balance Sheet: Assets 
Quarterly Data

Intel Corp., common-size consolidated balance sheet: assets (quarterly data)

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Mar 29, 2025 Dec 28, 2024 Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020
Cash and cash equivalents 4.65 4.20 4.54 5.47 3.59 3.70 4.04 4.50 4.44 6.12 2.59 2.58 3.52 2.87 4.69 3.07 3.45 3.83 2.31 5.73 7.70
Short-term investments 6.29 7.03 7.91 8.72 7.47 9.37 9.22 8.57 10.42 9.44 10.31 13.29 18.42 14.01 15.94 13.01 11.42 11.78 10.26 11.20 6.38
Accounts receivable, net 1.59 1.77 1.61 1.52 1.72 1.78 1.51 1.61 2.08 2.27 4.27 3.56 4.01 5.62 5.00 4.83 4.79 4.43 4.92 4.88 5.72
Inventories 6.39 6.21 6.23 5.45 5.96 5.81 6.07 6.46 7.01 7.26 7.34 7.14 6.77 6.40 5.83 5.70 5.63 5.50 6.38 5.88 6.26
Other current assets 2.99 4.88 3.55 3.48 3.36 1.93 2.37 2.22 2.13 2.59 3.66 3.11 2.76 5.39 5.04 5.33 5.10 5.32 1.46 1.42 2.03
Current assets 21.92% 24.09% 23.84% 24.65% 22.11% 22.59% 23.20% 23.36% 26.07% 27.68% 28.18% 29.68% 35.48% 34.27% 36.50% 31.94% 30.39% 30.86% 25.32% 29.10% 28.10%
Property, plant, and equipment, net of accumulated depreciation 57.10 54.92 53.86 50.14 51.85 50.45 49.44 48.99 46.27 44.40 43.33 42.05 37.83 37.56 35.56 37.62 38.06 36.96 40.76 38.05 38.43
Equity investments 2.61 2.74 2.84 2.82 3.19 3.04 3.02 3.17 3.25 3.25 3.33 3.48 3.42 3.74 3.60 3.66 3.59 3.37 2.53 2.56 2.63
Other long-term investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.57 0.82 0.94 1.43 1.87 1.89 1.99
Goodwill 12.84 12.57 12.75 13.31 14.24 14.40 14.61 14.86 14.89 15.15 15.78 16.19 15.32 16.01 15.95 17.31 17.91 17.62 18.56 17.66 17.79
Identified intangible assets, net 1.86 1.88 2.05 2.13 2.43 2.40 2.63 2.79 3.00 3.30 3.58 3.77 3.86 4.32 4.57 5.19 5.58 5.90 6.80 6.75 7.06
Other long-term assets 3.67 3.80 4.65 6.95 6.20 7.12 7.10 6.83 6.51 6.21 5.80 4.83 4.09 3.61 3.25 3.46 3.54 3.87 4.16 3.99 4.00
Long-term assets 78.08% 75.91% 76.16% 75.35% 77.89% 77.41% 76.80% 76.64% 73.93% 72.32% 71.82% 70.32% 64.52% 65.73% 63.50% 68.06% 69.61% 69.14% 74.68% 70.90% 71.90%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets exhibits moderate fluctuations, initially decreasing from 7.7% in Q1 2020 to a low of around 2.31% in Q3 2020, followed by variable increases and decreases, reaching 6.12% by the end of 2022. A trend towards stabilization around 4-5% is observed through 2023 and early 2024, showing some resilience and occasional upticks.
Short-term investments
This component displayed an increasing trend from the outset of the data in Q1 2020, starting at 6.38%, peaking at 18.42% in Q2 2022, then trending downward steadily to 6.29% by Q1 2025. The rise up to mid-2022 suggests increased short-term liquidity allocation, with a notable contraction thereafter.
Accounts receivable, net
Accounts receivable as a percentage of total assets declined markedly from 5.72% in Q1 2020 to very low levels below 2% through 2023 and into 2024, with some minor fluctuations near that level. This indicates tightening credit sales or more efficient receivables management over the period.
Inventories
Inventory levels relative to total assets remain relatively stable within the 5.5% to 7.5% range. A slight upward trend is identifiable towards late 2022, followed by moderate decreases and renewed stability through 2023 and early 2024, suggesting consistent inventory management with minor seasonal or operational adjustments.
Other current assets
Other current assets show variability, starting low at approximately 2.03% in early 2020, peaking at over 5% in late 2020 and mid-2021, then declining and fluctuating around 2% to 4% from 2022 onwards. This volatility may reflect changing short-term asset compositions or reclassifications.
Current assets
The total current assets percentage fluctuates between approximately 21.9% and 36.5% across the periods. Notably, there was a high concentration of current assets in mid to late 2020 and early 2021, followed by a general downward trend stabilizing around 22% to 24% in recent quarters, indicating a shift in asset structure towards longer-term assets.
Property, plant, and equipment, net
This category shows a clear upward trajectory, starting around 38.4% in early 2020 and rising steadily to approximately 57.1% by Q1 2025. The consistent increase reflects growing investment in long-term fixed assets, signaling an expansion or modernization of physical capital.
Equity investments
Equity investments as a percentage of total assets maintain a fairly narrow range around 2.5% to 3.7%, with minor downward movement in the last few years. This suggests relative constancy in equity stakes, with no substantial increases or divestitures.
Other long-term investments
Data for other long-term investments are limited and show a decline before becoming unavailable; this points to a decreasing focus on this asset component or possible reclassification.
Goodwill
The proportion of goodwill shows a decreasing trend from roughly 17.8% early in the period to approximately 12.8% by early 2025. This steady reduction may suggest impairment charges, disposals, or fewer acquisitions generating goodwill.
Identified intangible assets, net
Intangible assets similarly demonstrate a downward trend, dropping from about 7% in early 2020 to below 2% by early 2025. This consistent decline points to amortization, write-downs, or limited new intangible asset recognition.
Other long-term assets
Other long-term assets generally exhibit an upward movement from about 4% to over 7% during 2022 and 2023, followed by some reduction afterwards. This increase could relate to the accumulation of deferred charges or other long-term holdings.
Long-term assets (aggregate)
Long-term assets comprise the majority of total assets throughout the period, fluctuating between 63.5% and 78.1%. There is an observable increase starting in late 2021 continuing through to 2025, reflecting a strategic emphasis on long-term investments and capital expenditures.
Total assets
By definition, total assets remain constant at 100%, serving as the base for ratio computations.