Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Intel Corp., consolidated income statement

US$ in millions

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12 months ended: Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016
Net revenue 77,867  71,965  70,848  62,761  59,387 
Cost of sales (34,255) (29,825) (27,111) (23,692) (23,196)
Gross margin 43,612  42,140  43,737  39,069  36,191 
Research and development (13,556) (13,362) (13,543) (13,098) (12,740)
Marketing, general and administrative (6,180) (6,350) (6,950) (7,651) (8,691)
Restructuring and other charges (198) (393) 72  (384) (1,886)
Operating expenses (19,934) (20,105) (20,421) (21,133) (23,317)
Operating income 23,678  22,035  23,316  17,936  12,874 
Ongoing mark-to-market adjustments on marketable equity securities (133) 277  (129) —  — 
Observable price adjustments on non-marketable equity securities 176  293  202  —  — 
Impairment charges (303) (122) (424) (833) (187)
Sale of equity investments and other 2,164  1,091  226  3,484  693 
Gains (losses) on equity investments, net 1,904  1,539  (125) 2,651  506 
Interest income 272  483  438  441  222 
Interest expense (629) (489) (468) (646) (733)
Other, net (147) 490  156  (30) 67 
Interest and other, net (504) 484  126  (235) (444)
Income before taxes 25,078  24,058  23,317  20,352  12,936 
Provision for taxes (4,179) (3,010) (2,264) (10,751) (2,620)
Net income 20,899  21,048  21,053  9,601  10,316 

Based on: 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), 10-K (reporting date: 2016-12-31).

Income statement item Description The company
Net revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Intel Corp. net revenue increased from 2018 to 2019 and from 2019 to 2020.
Operating income The net result for the period of deducting operating expenses from operating revenues. Intel Corp. operating income decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
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 increased from 2018 to 2019 and from 2019 to 2020.
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 decreased from 2018 to 2019 and from 2019 to 2020.