Selected Financial Data
since 2005
Income Statement
Intel Corp., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Net revenue | Operating income (loss) | Net income (loss) attributable to Intel |
|---|---|---|---|
| Dec 28, 2024 | 53,101) | (11,678) | (18,756) |
| Dec 30, 2023 | 54,228) | 93) | 1,689) |
| Dec 31, 2022 | 63,054) | 2,334) | 8,014) |
| Dec 25, 2021 | 79,024) | 19,456) | 19,868) |
| Dec 26, 2020 | 77,867) | 23,678) | 20,899) |
| Dec 28, 2019 | 71,965) | 22,035) | 21,048) |
| Dec 29, 2018 | 70,848) | 23,316) | 21,053) |
| Dec 30, 2017 | 62,761) | 17,936) | 9,601) |
| Dec 31, 2016 | 59,387) | 12,874) | 10,316) |
| Dec 26, 2015 | 55,355) | 14,002) | 11,420) |
| Dec 27, 2014 | 55,870) | 15,347) | 11,704) |
| Dec 28, 2013 | 52,708) | 12,291) | 9,620) |
| Dec 29, 2012 | 53,341) | 14,638) | 11,005) |
| Dec 31, 2011 | 53,999) | 17,477) | 12,942) |
| Dec 25, 2010 | 43,623) | 15,588) | 11,464) |
| Dec 26, 2009 | 35,127) | 5,711) | 4,369) |
| Dec 27, 2008 | 37,586) | 8,954) | 5,292) |
| Dec 29, 2007 | 38,334) | 8,216) | 6,976) |
| Dec 30, 2006 | 35,382) | 5,652) | 5,044) |
| Dec 31, 2005 | 38,826) | 12,090) | 8,664) |
Based on: 10-K (reporting date: 2024-12-28), 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), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
- Net Revenue
- The net revenue fluctuated significantly over the reported periods. Initial years show moderate variability, starting at approximately $38.8 billion in 2005, dipping to around $35.1 billion in 2009, then recovering and peaking at $77.9 billion in 2020. After this peak, there is a marked decline through to 2024, finishing at approximately $53.1 billion, indicating a downward trend in recent years.
- Operating Income (Loss)
- The operating income exhibited considerable volatility. From $12.1 billion in 2005, it decreased sharply in the subsequent years before a period of recovery, achieving a high of $23.3 billion in 2018. However, post-2018, operating income demonstrates a steep declining trajectory, turning to minimal earnings in 2022 and resulting in losses by 2023 and 2024, with a significant loss of $11.7 billion in the final year noted.
- Net Income (Loss) Attributable to Intel
- Net income mirrors the pattern observed in operating income but with less pronounced fluctuations initially. Starting from $8.7 billion in 2005, net income experienced dips and recoveries, hitting a peak of approximately $21.1 billion in 2018. Subsequently, net income declined considerably, falling to a low of $1.7 billion in 2023, and ultimately turning into a net loss of $18.8 billion by 2024, reflecting significant financial challenges in the latter periods.
- Overall Insights
- The data reflects growth phases interrupted by periods of decline. Revenue and profitability metrics show robust increases up to the late 2010s, followed by a notable downturn. The sharp decrease in profitability, culminating in substantial losses, contrasts with earlier strong performance, suggesting operational or market-related difficulties impacting financial health recently. The trends indicate the need for strategic reassessment to address declining financial outcomes.
Balance Sheet: Assets
Intel Corp., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Dec 28, 2024 | 47,324) | 196,485) |
| Dec 30, 2023 | 43,269) | 191,572) |
| Dec 31, 2022 | 50,407) | 182,103) |
| Dec 25, 2021 | 57,718) | 168,406) |
| Dec 26, 2020 | 47,249) | 153,091) |
| Dec 28, 2019 | 31,239) | 136,524) |
| Dec 29, 2018 | 28,787) | 127,963) |
| Dec 30, 2017 | 29,500) | 123,249) |
| Dec 31, 2016 | 35,508) | 113,327) |
| Dec 26, 2015 | 40,356) | 103,065) |
| Dec 27, 2014 | 27,730) | 91,956) |
| Dec 28, 2013 | 32,084) | 92,358) |
| Dec 29, 2012 | 31,358) | 84,351) |
| Dec 31, 2011 | 25,872) | 71,119) |
| Dec 25, 2010 | 31,611) | 63,186) |
| Dec 26, 2009 | 21,157) | 53,095) |
| Dec 27, 2008 | 19,871) | 50,715) |
| Dec 29, 2007 | 23,885) | 55,651) |
| Dec 30, 2006 | 18,280) | 48,368) |
| Dec 31, 2005 | 21,194) | 48,314) |
Based on: 10-K (reporting date: 2024-12-28), 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), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
The analysis of the financial data over the period reveals several notable trends in asset values. Current assets exhibited significant fluctuations with an overall upward trajectory. Initially, current assets decreased from 21,194 million USD at the end of 2005 to 18,280 million USD in 2006. Subsequently, there was a recovery and continuous growth reaching 31,611 million USD in 2010. Following this, the values experienced some variability yet maintained an increasing pattern, peaking at 57,718 million USD in 2021 before a moderate decline occurred in the last couple of years, ending at 47,324 million USD in 2024.
Total assets presented a more consistent upward trend throughout the entire timeframe. Starting at 48,314 million USD in 2005, total assets showed steady growth with minor fluctuations, consistently increasing year by year to reach 196,485 million USD by the end of 2024. This growth indicates an expanding asset base and potentially enhanced operational capacity or investment activities over the years.
- Current Assets
- Displayed volatility in the early years, dropping from 21,194 million USD in 2005 to 18,280 million USD in 2006, followed by a recovery and steady increases until peaking in 2021 at 57,718 million USD. After 2021, current assets declined somewhat, stabilizing around 47,324 million USD by 2024.
- Total Assets
- Exhibited a continuous and steady increase from 48,314 million USD in 2005 to a substantial 196,485 million USD in 2024, reflecting overall growth in the company's asset base without significant year-over-year declines.
Overall, the financial data suggests an expanding and progressively strengthening asset structure. The growth in total assets significantly outpaces the fluctuations seen in current assets, which may imply increased investments in longer-term or fixed assets. The increases, especially notable in the later years, could be indicative of strategic expansion or capital accumulation efforts. The slight recent decreases in current assets warrant attention but do not overshadow the overall asset growth trend.
Balance Sheet: Liabilities and Stockholders’ Equity
Intel Corp., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total debt | Total Intel stockholders’ equity | |
|---|---|---|---|
| Dec 28, 2024 | 35,666) | 50,011) | 99,270) |
| Dec 30, 2023 | 28,053) | 49,266) | 105,590) |
| Dec 31, 2022 | 32,155) | 42,051) | 101,423) |
| Dec 25, 2021 | 27,462) | 38,101) | 95,391) |
| Dec 26, 2020 | 24,754) | 36,401) | 81,038) |
| Dec 28, 2019 | 22,310) | 29,001) | 77,504) |
| Dec 29, 2018 | 16,626) | 26,359) | 74,563) |
| Dec 30, 2017 | 17,421) | 26,813) | 69,019) |
| Dec 31, 2016 | 20,302) | 25,283) | 66,226) |
| Dec 26, 2015 | 15,667) | 22,670) | 61,085) |
| Dec 27, 2014 | 16,019) | 13,711) | 55,865) |
| Dec 28, 2013 | 13,568) | 13,446) | 58,256) |
| Dec 29, 2012 | 12,898) | 13,448) | 51,203) |
| Dec 31, 2011 | 12,028) | 7,331) | 45,911) |
| Dec 25, 2010 | 9,327) | 2,115) | 49,430) |
| Dec 26, 2009 | 7,591) | 2,221) | 41,704) |
| Dec 27, 2008 | 7,818) | 1,988) | 39,088) |
| Dec 29, 2007 | 8,571) | 2,122) | 42,762) |
| Dec 30, 2006 | 8,514) | 2,028) | 36,752) |
| Dec 31, 2005 | 9,234) | 2,419) | 36,182) |
Based on: 10-K (reporting date: 2024-12-28), 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), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
The financial data reflects the company's liabilities, debt, and equity dynamics over a 20-year period. Several notable trends and shifts can be observed.
- Current Liabilities
- The current liabilities first present a general upward movement, increasing from 9,234 million USD in 2005 to a peak of 32,155 million USD in 2022. There is a slight decrease in some years, such as from 32,155 million USD in 2022 to 28,053 million USD in 2023, followed by a sharp increase to 35,666 million USD in 2024. Overall, this indicates growing short-term financial obligations, with fluctuations likely reflecting operational or market conditions.
- Total Debt
- Total debt shows a more pronounced increasing trend. Starting from 2,419 million USD in 2005, debt remains relatively stable initially, hovering around 2,000 million USD until about 2010. From 2010 onwards, the debt rises sharply, reaching 49,266 million USD in 2023 and continuing to increase slightly to 50,011 million USD in 2024. This substantial debt growth suggests significant leverage increase, potentially reflecting funding for expansion, acquisitions, or other strategic initiatives.
- Stockholders’ Equity
- Stockholders’ equity rises from 36,182 million USD in 2005 to a high of 105,590 million USD in 2023, indicative of strong retained earnings or capital injections over the years. Notably, equity decreases slightly to 99,270 million USD in 2024, signaling potential distributions, losses, or other adjustments impacting net worth. Despite fluctuations, the overall trajectory indicates enhanced net asset value and shareholder wealth accumulation.
In summary, liabilities and debt have both markedly increased over the period, with total debt growth especially significant in recent years. This elevated leverage level is matched by a consistent expansion in stockholders' equity, reflecting financial growth and underlying asset appreciation. The interplay of these elements suggests a strategy involving increased borrowing alongside capital growth, necessitating careful monitoring of debt servicing and liquidity in future periods.
Cash Flow Statement
Intel Corp., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Net cash provided by operating activities | Net cash used for investing activities | Net cash provided by (used for) financing activities |
|---|---|---|---|
| Dec 28, 2024 | 8,288) | (18,256) | 11,138) |
| Dec 30, 2023 | 11,471) | (24,041) | 8,505) |
| Dec 31, 2022 | 15,433) | (10,477) | 1,361) |
| Dec 25, 2021 | 29,991) | (25,167) | (5,862) |
| Dec 26, 2020 | 35,384) | (20,796) | (12,917) |
| Dec 28, 2019 | 33,145) | (14,405) | (17,565) |
| Dec 29, 2018 | 29,432) | (11,239) | (18,607) |
| Dec 30, 2017 | 22,110) | (15,762) | (8,475) |
| Dec 31, 2016 | 21,808) | (25,817) | (5,739) |
| Dec 26, 2015 | 19,017) | (8,183) | 1,912) |
| Dec 27, 2014 | 20,418) | (9,905) | (13,611) |
| Dec 28, 2013 | 20,776) | (18,073) | (5,498) |
| Dec 29, 2012 | 18,884) | (14,060) | (1,408) |
| Dec 31, 2011 | 20,963) | (10,301) | (11,100) |
| Dec 25, 2010 | 16,692) | (10,539) | (4,642) |
| Dec 26, 2009 | 11,170) | (7,965) | (2,568) |
| Dec 27, 2008 | 10,926) | (5,865) | (9,018) |
| Dec 29, 2007 | 12,625) | (9,926) | (1,990) |
| Dec 30, 2006 | 10,620) | (4,907) | (6,439) |
| Dec 31, 2005 | 14,823) | (6,362) | (9,544) |
Based on: 10-K (reporting date: 2024-12-28), 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), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
The financial data reveals significant fluctuations in cash flow activities over the periods analyzed.
- Operating Activities
- Net cash provided by operating activities demonstrates an overall upward trend with some volatility. Starting from 14,823 million USD in 2005, there is a decline in 2006, followed by gradual increases peaking at 35,384 million USD in 2020. Subsequent years show reduced inflows, descending to 8,288 million USD by 2024. This pattern suggests strong operational cash generation capabilities, particularly in the late 2010s, but with a notable decrease in the most recent years.
- Investing Activities
- Net cash used for investing activities consistently represents a cash outflow, indicating ongoing investments over the entire period. The outflows range from about -4,907 million USD in 2006 to highs exceeding -25,000 million USD in 2021. Peaks in capital expenditure or acquisitions are likely during years with large negative values, such as 2016 and 2021. Although the magnitude fluctuates, the general trend reflects significant and sustained investment commitments, with some reduction in outflows in the early 2020s before increasing again toward 2024.
- Financing Activities
- The net cash from financing activities shows substantial variability. Negative figures dominate early years, indicating net repayments or buybacks, especially a deep outflow of -13,611 million USD in 2014 and -18,607 million USD in 2018. Positive inflows emerge intermittently, notably in 2015, and more consistently from 2022 onward, rising to 11,138 million USD in 2024. This suggests a shift towards more borrowing or issuance of equity/other financing instruments in recent years contrasted with deleveraging or capital return strategies in earlier periods.
Overall, the data reflects a company with robust cash generation from operations, substantial and steady investment activities, and a financing strategy that has oscillated between capital return and raising funds, particularly shifting towards increased financing inflows in recent years.
Per Share Data
Intel Corp., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 28, 2024 | -4.38 | -4.38 | 0.38 |
| Dec 30, 2023 | 0.40 | 0.40 | 0.74 |
| Dec 31, 2022 | 1.95 | 1.94 | 1.46 |
| Dec 25, 2021 | 4.89 | 4.86 | 1.39 |
| Dec 26, 2020 | 4.98 | 4.94 | 1.32 |
| Dec 28, 2019 | 4.77 | 4.71 | 1.26 |
| Dec 29, 2018 | 4.57 | 4.48 | 1.20 |
| Dec 30, 2017 | 2.04 | 1.99 | 1.08 |
| Dec 31, 2016 | 2.18 | 2.12 | 1.04 |
| Dec 26, 2015 | 2.41 | 2.33 | 0.96 |
| Dec 27, 2014 | 2.39 | 2.31 | 0.90 |
| Dec 28, 2013 | 1.94 | 1.89 | 0.90 |
| Dec 29, 2012 | 2.20 | 2.13 | 0.87 |
| Dec 31, 2011 | 2.46 | 2.39 | 0.78 |
| Dec 25, 2010 | 2.06 | 2.01 | 0.63 |
| Dec 26, 2009 | 0.79 | 0.77 | 0.56 |
| Dec 27, 2008 | 0.93 | 0.92 | 0.55 |
| Dec 29, 2007 | 1.20 | 1.18 | 0.45 |
| Dec 30, 2006 | 0.87 | 0.86 | 0.40 |
| Dec 31, 2005 | 1.42 | 1.40 | 0.32 |
Based on: 10-K (reporting date: 2024-12-28), 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), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
The data indicates fluctuations in earnings per share (EPS) over the analyzed periods, with both basic and diluted EPS showing similar trends. Initially, EPS demonstrated variability with a decline from 1.42 USD in late 2005 to a low of 0.77-0.79 USD around late 2009. Subsequently, there was a notable upward trend peaking between 2018 and 2020, where basic EPS reached approximately 4.77 to 4.98 USD, indicating a period of strong profitability.
Following this peak, a significant downward shift is observed starting from 2021, where the EPS dropped sharply, turning negative by late 2024 with a basic EPS of -4.38 USD. This decline suggests considerable challenges in profitability or possibly extraordinary items affecting earnings during the recent years.
Regarding the dividend per share, there is a consistent increasing trend from 0.32 USD in late 2005 to a peak of 1.46 USD in late 2022, indicating a commitment to returning value to shareholders despite fluctuations in earnings. However, dividend payments decreased significantly in the two most recent years, dropping to 0.74 USD and further to 0.38 USD by late 2024. This reduction likely reflects a response to the declining earnings and may represent a more conservative dividend policy during a financially challenging period.
- Basic and Diluted Earnings Per Share
- Demonstrate volatility early in the timeline, with a marked increase to a peak near 2018-2020, then a steep downward trend culminating in negative earnings by 2024.
- Dividend Per Share
- Exhibits steady growth for most of the period, reflecting growing shareholder returns, followed by a pronounced reduction in the last two years consistent with the earnings decline.