Common-Size Income Statement
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
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Intel Corp., common-size consolidated income statement
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).
- Revenue and Cost Trends
- The net revenue remains constant at 100% across all reported years, serving as the base for percentage analysis. The cost of sales shows a pronounced upward trend, rising from -43.99% in 2020 to -67.34% in 2024. This increase has notably pressured the gross margin, which declines from 56.01% in 2020 to 32.66% in 2024, indicating weakening profitability at the gross level.
- Operating Expenses and Margins
- Research and development expenses as a percentage of revenue have consistently climbed from -17.41% in 2020 to -31.16% in 2024, reflecting enhanced investment in innovation or product development. Marketing, general and administrative expenses also increased, though more moderately, from -7.94% to around -10.37%. The combined effect is a notable rise in total operating expenses from -25.6% to -54.66%, coinciding with a steep decline in operating income from 30.41% in 2020 to a loss of -21.99% in 2024. This signals significant margin compression and operational challenges.
- Restructuring and Other Charges
- Restructuring and other charges exhibit fluctuations, with a peak impact of -13.13% in 2024, a sharp increase from previous years. This substantial charge likely contributed to deteriorating operating profitability in the latest year.
- Equity Investment Gains and Losses
- The net unrealized gains or losses on equity investments show volatility without a clear trend, with negative impacts in several years, including -1.14% in 2022 and -0.89% in 2024. Realized gains on sales of equity investments peaked notably in 2022 at 7.91% but dropped significantly thereafter. Overall gains on equity investments mirror this variability, suggesting inconsistent returns from investment activities.
- Interest and Other Income
- Interest income increased modestly from 0.35% to around 2.34% in 2024, while interest expenses also rose from -0.81% to -1.95%, causing a narrowing net interest benefit. Other net items remain small contributors, fluctuating between small gains and losses without material impact on overall profitability.
- Profitability and Taxation
- Income before taxes demonstrates a declining trajectory, dropping from 32.21% in 2020 to a loss of -21.11% in 2024. Tax provision swings from a positive tax expense to a negative tax benefit and then large tax provision losses in 2024 (-15.11%), intensifying the net loss. The net income shows a sharp decline from healthy profitability of 26.84% in 2020 to a significant net loss of -36.22% in 2024, reflecting the combined pressures of rising costs, increasing expenses, and unfavorable one-time charges.
- Attributable Profit
- Net income attributable to Intel declines similarly, from 26.84% to a loss of -35.32%, emphasizing that the core shareholders have experienced substantially reduced returns in the most recent period. Minor contributions from non-controlling interests appear in later years, but they are not material enough to alter overall trends.