Intel (INTC) FY2012 results: revenue $53.3 billion, down 1.2% on the year
Intel Corp. (INTC) reported revenue of $53.3 billion for fiscal 2012, the year ended 29 December 2012, down 1.2% on the year before. Net income was $11.0 billion, down 15.0%, and diluted earnings per share $2.13. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2013.
Revenue
$53.3 billion
-1.2% on the year
FY2007FY2012
Operating margin
27.4%
32.4% a year earlier
FY2007FY2012
Net income
$11.0 billion
-15.0% on the year
FY2007FY2012
Diluted EPS
$2.13
-10.9% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
53,341
53,999
43,623
-1.2%
Cost of revenue
20,190
20,242
15,132
-0.3%
Gross profit
33,151
33,757
28,491
-1.8%
Gross margin
62.1%
62.5%
65.3%
Research and development
10,148
8,350
6,576
+21.5%
Selling, general and administrative
8,057
7,670
6,309
+5.0%
Operating income
14,638
17,477
15,588
-16.2%
Operating margin
27.4%
32.4%
35.7%
Interest expense
90.0
41.0
0.0
+119.5%
Pre-tax income
14,873
17,781
16,045
-16.4%
Income tax
3,868
4,839
n/a
-20.1%
Effective tax rate
26.0%
27.2%
n/a
Net income
11,005
12,942
11,464
-15.0%
Net margin
20.6%
24.0%
26.3%
Diluted EPS
$2.13
$2.39
$2.01
-10.9%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
18,884
20,963
16,692
-9.9%
Capital expenditure
11,027
10,764
5,207
+2.4%
Free cash flow
7,857
10,199
11,485
-23.0%
Free cash flow margin
14.7%
18.9%
26.3%
Cash from investing
-14,060
-10,301
-10,539
Cash from financing
-1,408
-11,100
-4,642
Depreciation and amortisation
7,522
6,064
4,638
+24.0%
Share-based compensation
1,102
1,053
917
+4.7%
Buybacks
4,765
14,340
1,736
-66.8%
Dividends paid
4,350
4,127
3,503
+5.4%
Dividend per share
$0.87
$0.78
$0.63
+11.2%
Diluted shares, weighted
5,160m
5,411m
5,696m
-4.6%
Shares outstanding at period end
4,944m
5,000m
5,511m
-1.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
51,203
45,911
49,430
+11.5%
Debt
13,448
7,331
2,115
+83.4%
Other liabilities
19,700
17,877
11,641
+10.2%
Total liabilities and equity
84,351
71,119
63,186
+18.6%
Fixed assets
27,983
23,627
17,899
+18.4%
Goodwill
9,710
9,254
4,531
+4.9%
Intangible assets
6,235
6,267
860
-0.5%
Investments
4,492
6,070
14,320
-26.0%
Cash and equivalents
8,478
5,065
5,498
+67.4%
Receivables
3,833
3,650
2,867
+5.0%
Inventory
4,734
4,096
3,757
+15.6%
Other assets
18,886
13,090
13,454
+44.3%
Total assets
84,351
71,119
63,186
+18.6%
10-K for the year ended 29 December 2012, filed 19 February 2013: the filing.