Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

$24.99

Adjustments to Financial Statements

Microsoft Excel

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Adjustments to Total Assets

Intel Corp., adjusted total assets

US$ in millions

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
As Reported
Total assets
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Less: Deferred tax assets (included within Other long-term assets)2
After Adjustment
Adjusted total assets

Based on: 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), 10-K (reporting date: 2019-12-28).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Deferred tax assets (included within Other long-term assets). See details »


Adjustments to Current Liabilities

Intel Corp., adjusted current liabilities

US$ in millions

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
As Reported
Current liabilities
Adjustments
Less: Current accrued restructuring balance
After Adjustment
Adjusted current liabilities

Based on: 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), 10-K (reporting date: 2019-12-28).


Adjustments to Total Liabilities

Intel Corp., adjusted total liabilities

US$ in millions

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
As Reported
Total liabilities
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Deferred tax liabilities (included within Other long-term liabilities)2
Less: Accrued restructuring balance
After Adjustment
Adjusted total liabilities

Based on: 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), 10-K (reporting date: 2019-12-28).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Deferred tax liabilities (included within Other long-term liabilities). See details »


Adjustments to Stockholders’ Equity

Intel Corp., adjusted total Intel stockholders’ equity

US$ in millions

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
As Reported
Total Intel stockholders’ equity
Adjustments
Less: Net deferred tax assets (liabilities)1
Add: Accrued restructuring balance
Add: Temporary equity
Add: Non-controlling interests
After Adjustment
Adjusted total stockholders’ equity

Based on: 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), 10-K (reporting date: 2019-12-28).

1 Net deferred tax assets (liabilities). See details »


Adjustments to Capitalization Table

Intel Corp., adjusted capitalization table

US$ in millions

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
As Reported
Short-term debt
Long-term debt
Total reported debt
Total Intel stockholders’ equity
Total reported capital
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Operating lease liability (recognized in Accrued liabilities)2
Add: Operating lease liability (recognized in Other long-term liabilities)3
Adjusted total debt
Adjustments to Equity
Less: Net deferred tax assets (liabilities)4
Add: Accrued restructuring balance
Add: Temporary equity
Add: Non-controlling interests
Adjusted total stockholders’ equity
After Adjustment
Adjusted total capital

Based on: 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), 10-K (reporting date: 2019-12-28).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Operating lease liability (recognized in Accrued liabilities). See details »

3 Operating lease liability (recognized in Other long-term liabilities). See details »

4 Net deferred tax assets (liabilities). See details »


Adjustments to Reported Income

Intel Corp., adjusted net income attributable to Intel

US$ in millions

Microsoft Excel
12 months ended: Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
As Reported
Net income attributable to Intel
Adjustments
Add: Deferred income tax expense (benefit)1
Add: Increase (decrease) in accrued restructuring balance
Add: Other comprehensive income (loss)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest
After Adjustment
Adjusted net income

Based on: 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), 10-K (reporting date: 2019-12-28).

1 Deferred income tax expense (benefit). See details »