Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

Common-Size Income Statement 

Intel Corp., common-size consolidated income statement

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12 months ended: Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Net revenue 100.00 100.00 100.00 100.00 100.00
Cost of sales -44.55 -43.99 -41.44 -38.27 -37.75
Gross margin 55.45% 56.01% 58.56% 61.73% 62.25%
Research and development -19.22 -17.41 -18.57 -19.12 -20.87
Marketing, general and administrative -8.28 -7.94 -8.82 -9.81 -12.19
Restructuring and other charges -3.32 -0.25 -0.55 0.10 -0.61
Operating expenses -30.82% -25.60% -27.94% -28.82% -33.67%
Operating income 24.62% 30.41% 30.62% 32.91% 28.58%
Ongoing mark-to-market adjustments on marketable equity securities -0.16 -0.17 0.38 -0.18 0.00
Observable price adjustments on non-marketable equity securities 0.95 0.23 0.41 0.29 0.00
Impairment charges -0.19 -0.39 -0.17 -0.60 -1.33
Sale of equity investments and other 2.86 2.78 1.52 0.32 5.55
Gains (losses) on equity investments, net 3.45% 2.45% 2.14% -0.18% 4.22%
Interest income 0.18 0.35 0.67 0.62 0.70
Interest expense -0.76 -0.81 -0.68 -0.66 -1.03
Other, net -0.04 -0.19 0.68 0.22 -0.05
Interest and other, net -0.61% -0.65% 0.67% 0.18% -0.37%
Income before taxes 27.46% 32.21% 33.43% 32.91% 32.43%
Provision for taxes -2.32 -5.37 -4.18 -3.20 -17.13
Net income 25.14% 26.84% 29.25% 29.72% 15.30%

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Intel Corp. operating income as a percentage of net revenue decreased from 2019 to 2020 and from 2020 to 2021.
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 as a percentage of net revenue decreased from 2019 to 2020 and from 2020 to 2021.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Intel Corp. net income as a percentage of net revenue decreased from 2019 to 2020 and from 2020 to 2021.