Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Intel Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2026-09-26), 10-Q (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 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).
The financial structure over the analyzed period reveals a significant transformation in the composition of stockholders' equity, while total liabilities have remained relatively stable, fluctuating primarily between 39% and 49% of the total balance sheet.
- Equity Composition and Capital Shifts
- A pronounced divergence is observed between retained earnings and contributed capital. Retained earnings have experienced a steady and substantial decline, falling from 36.27% in March 2021 to 16.17% by September 2026. Conversely, common stock and capital in excess of par value have trended upward, increasing from 17.44% to 34.20% over the same period. This pattern suggests a transition where the company's equity base is increasingly supported by external capital injections rather than accumulated internal profits.
- Liability Trends and Debt Obligations
- Long-term debt remains a dominant component of the liability structure, generally oscillating between 18% and 26% of total liabilities and equity. A peak in long-term debt was noted in early 2023 at 26.35%, followed by a gradual stabilization around 20% by late 2026. Current liabilities have remained comparatively stable, typically ranging between 13% and 18%, with a slight increase in volatility observed during 2024 and 2025.
- Growth of Non-Controlling Interests
- There is a clear and consistent upward trend in non-controlling interests, which were not present in the early data but grew to represent 7.28% of total liabilities and stockholders' equity by September 2026. This indicates an increasing reliance on joint ventures or the acquisition of subsidiaries where the company does not hold full ownership.
- Overall Solvency and Leverage
- The overall leverage ratio has remained consistent, with total stockholders' equity generally maintaining a position above 50% of the balance sheet. A temporary contraction in total equity occurred in June 2026, dipping to 50.95% alongside a corresponding peak in total liabilities at 49.05%, before recovering to 57.56% by the end of the period. This suggests that despite the erosion of retained earnings, the company has maintained its solvency through the issuance of stock and the growth of non-controlling interests.
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