Intel (INTC) FY2011 results: revenue $54.0 billion, up 23.8% on the year
Intel Corp. (INTC) reported revenue of $54.0 billion for fiscal 2011, the year ended 31 December 2011, up 23.8% on the year before. Net income was $12.9 billion, up 12.9%, and diluted earnings per share $2.39. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2012.
Revenue
$54.0 billion
+23.8% on the year
FY2007FY2011
Operating margin
32.4%
35.7% a year earlier
FY2007FY2011
Net income
$12.9 billion
+12.9% on the year
FY2007FY2011
Diluted EPS
$2.39
+18.9% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
53,999
43,623
35,127
+23.8%
Cost of revenue
20,242
15,132
15,566
+33.8%
Gross profit
33,757
28,491
19,561
+18.5%
Gross margin
62.5%
65.3%
55.7%
Research and development
8,350
6,576
5,653
+27.0%
Selling, general and administrative
7,670
6,309
7,931
+21.6%
Operating income
17,477
15,588
5,711
+12.1%
Operating margin
32.4%
35.7%
16.3%
Interest expense
41.0
0.0
1.0
Pre-tax income
17,781
16,045
5,704
+10.8%
Income tax
4,839
n/a
n/a
Effective tax rate
27.2%
n/a
n/a
Net income
12,942
11,464
4,369
+12.9%
Net margin
24.0%
26.3%
12.4%
Diluted EPS
$2.39
$2.01
$0.77
+18.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
20,963
16,692
11,170
+25.6%
Capital expenditure
10,764
5,207
4,515
+106.7%
Free cash flow
10,199
11,485
6,655
-11.2%
Free cash flow margin
18.9%
26.3%
18.9%
Cash from investing
-10,301
-10,539
-7,965
Cash from financing
-11,100
-4,642
-2,568
Depreciation and amortisation
6,064
4,638
5,052
+30.7%
Share-based compensation
1,053
917
889
+14.8%
Buybacks
14,340
1,736
1,762
+726.0%
Dividends paid
4,127
3,503
3,108
+17.8%
Dividend per share
$0.78
$0.63
$0.56
+24.2%
Diluted shares, weighted
5,411m
5,696m
5,645m
-5.0%
Shares outstanding at period end
5,000m
5,511m
5,523m
-9.3%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
45,911
49,430
41,704
-7.1%
Debt
7,331
2,115
2,206
+246.6%
Other liabilities
17,877
11,641
9,185
+53.6%
Total liabilities and equity
71,119
63,186
53,095
+12.6%
Fixed assets
23,627
17,899
17,225
+32.0%
Goodwill
9,254
4,531
4,421
+104.2%
Intangible assets
6,267
860
883
+628.7%
Investments
6,070
14,320
9,464
-57.6%
Cash and equivalents
5,065
5,498
3,987
-7.9%
Receivables
3,650
2,867
2,273
+27.3%
Inventory
4,096
3,757
2,935
+9.0%
Other assets
13,090
13,454
11,907
-2.7%
Total assets
71,119
63,186
53,095
+12.6%
10-K for the year ended 31 December 2011, filed 23 February 2012: the filing.