Intel Corp. (INTC)


Common-Size Income Statement
Quarterly Data

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Intel Corp., Common-Size Consolidated Income Statement (quarterly data)

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3 months ended Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Dec 26, 2015 Sep 26, 2015 Jun 27, 2015 Mar 28, 2015 Dec 27, 2014 Sep 27, 2014 Jun 28, 2014 Mar 29, 2014
Net revenue 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -40.15 -43.41 -39.82 -35.50 -38.57 -39.43 -36.86 -37.72 -38.37 -38.18 -38.29 -36.73 -41.08 -40.67 -35.70 -37.01 -37.49 -39.52 -34.64 -35.01 -35.53 -40.36
Gross margin 59.85% 56.59% 60.18% 64.50% 61.43% 60.57% 63.14% 62.28% 61.63% 61.82% 61.71% 63.27% 58.92% 59.33% 64.30% 62.99% 62.51% 60.48% 65.36% 64.99% 64.47% 59.64%
Research and development -20.83 -20.75 -18.40 -17.89 -19.87 -20.61 -19.20 -19.96 -22.18 -22.48 -20.03 -19.45 -23.24 -23.69 -20.91 -20.24 -23.40 -23.43 -20.31 -19.53 -20.67 -22.30
Marketing, general and administrative -9.63 -9.54 -8.15 -8.38 -10.17 -11.83 -10.85 -10.32 -12.56 -14.22 -13.18 -12.71 -14.83 -16.25 -14.20 -13.20 -14.77 -15.28 -13.92 -13.60 -14.90 -16.04
Restructuring and other charges -1.11 0.00 0.00 0.38 0.00 0.00 -1.14 -0.02 -0.71 -0.54 -0.61 -2.36 -10.45 0.00 0.09 -0.10 -1.88 -0.82 -0.39 -0.14 -0.59 -1.07
Amortization of acquisition-related intangibles -0.30 -0.31 -0.27 -0.26 -0.29 -0.31 -0.31 -0.30 -0.25 -0.26 -0.25 -0.47 -0.66 -0.66 -0.45 -0.47 -0.52 -0.49 -0.49 -0.53 -0.52 -0.57
Operating expenses -31.88% -30.60% -26.82% -26.15% -30.34% -32.75% -31.50% -30.60% -35.70% -37.50% -34.07% -34.99% -49.18% -40.59% -35.48% -34.01% -40.56% -40.02% -35.11% -33.79% -36.68% -39.98%
Operating income 27.97% 25.99% 33.36% 38.35% 31.09% 27.82% 31.64% 31.67% 25.92% 24.32% 27.64% 28.28% 9.74% 18.74% 28.83% 28.98% 21.95% 20.46% 30.25% 31.19% 27.79% 19.66%
Gains (losses) on equity investments, net 1.03 2.70 -2.63 -0.39 -1.20 4.00 7.10 5.24 2.32 1.70 0.11 -0.08 3.53 0.16 0.12 1.14 0.76 0.25 1.58 0.24 0.69 0.38
Interest and other, net -0.38 -0.38 -0.53 -0.69 2.71 -0.63 -3.35 -0.19 2.73 -0.24 -0.64 -0.84 -0.93 -0.60 -0.09 -0.72 -0.10 0.20 -0.18 -0.17 -0.12 0.88
Income before taxes 28.62% 28.31% 30.20% 37.27% 32.60% 31.19% 35.39% 36.72% 30.97% 25.78% 27.12% 27.37% 12.34% 18.30% 28.85% 29.40% 22.61% 20.91% 31.65% 31.26% 28.36% 20.92%
Provision for taxes -3.30 -3.57 -2.36 -3.88 -3.08 -3.47 -39.42 -8.76 -11.95 -5.75 -5.36 -5.96 -2.51 -3.37 -4.63 -7.91 -2.10 -5.33 -6.78 -8.47 -8.14 -5.80
Net income 25.32% 24.74% 27.84% 33.39% 29.51% 27.72% -4.03% 27.96% 19.02% 20.03% 21.75% 21.41% 9.83% 14.93% 24.23% 21.49% 20.51% 15.59% 24.87% 22.79% 20.22% 15.12%

Based on: 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-10-31), 10-Q (filing date: 2016-08-01), 10-Q (filing date: 2016-05-02), 10-K (filing date: 2016-02-12), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-27), 10-Q (filing date: 2015-04-27), 10-K (filing date: 2015-02-13), 10-Q (filing date: 2014-10-29), 10-Q (filing date: 2014-07-25), 10-Q (filing date: 2014-04-25).

Item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Intel Corp.’s operating income as a percentage of net revenue declined from Q4 2018 to Q1 2019 but then slightly increased from Q1 2019 to Q2 2019.
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.’s income before taxes as a percentage of net revenue declined from Q4 2018 to Q1 2019 but then slightly increased from Q1 2019 to Q2 2019.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Intel Corp.’s net income as a percentage of net revenue declined from Q4 2018 to Q1 2019 but then slightly increased from Q1 2019 to Q2 2019.