Intel (INTC) FY2013 results: revenue $52.7 billion, down 1.2% on the year
Intel Corp. (INTC) reported revenue of $52.7 billion for fiscal 2013, the year ended 28 December 2013, down 1.2% on the year before. Net income was $9.6 billion, down 12.6%, and diluted earnings per share $1.89. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2014.
Revenue
$52.7 billion
-1.2% on the year
FY2007FY2013
Operating margin
23.3%
27.4% a year earlier
FY2007FY2013
Net income
$9.6 billion
-12.6% on the year
FY2007FY2013
Diluted EPS
$1.89
-11.3% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
52,708
53,341
53,999
-1.2%
Cost of revenue
21,187
20,190
20,242
+4.9%
Gross profit
31,521
33,151
33,757
-4.9%
Gross margin
59.8%
62.1%
62.5%
Research and development
10,611
10,148
8,350
+4.6%
Selling, general and administrative
8,088
8,057
7,670
+0.4%
Operating income
12,291
14,638
17,477
-16.0%
Operating margin
23.3%
27.4%
32.4%
Interest expense
244
90.0
41.0
+171.1%
Pre-tax income
12,611
14,873
17,781
-15.2%
Income tax
2,991
3,868
4,839
-22.7%
Effective tax rate
23.7%
26.0%
27.2%
Net income
9,620
11,005
12,942
-12.6%
Net margin
18.3%
20.6%
24.0%
Diluted EPS
$1.89
$2.13
$2.39
-11.3%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
20,776
18,884
20,963
+10.0%
Capital expenditure
10,711
11,027
10,764
-2.9%
Free cash flow
10,065
7,857
10,199
+28.1%
Free cash flow margin
19.1%
14.7%
18.9%
Cash from investing
n/a
-14,060
-10,301
Cash from financing
n/a
-1,408
-11,100
Depreciation and amortisation
8,032
7,522
6,064
+6.8%
Share-based compensation
1,118
1,102
1,053
+1.5%
Buybacks
2,147
4,765
14,340
-54.9%
Dividends paid
4,479
4,350
4,127
+3.0%
Dividend per share
n/a
$0.87
$0.78
Diluted shares, weighted
5,097m
5,160m
5,411m
-1.2%
Shares outstanding at period end
4,967m
4,944m
5,000m
+0.5%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
58,256
51,203
45,911
+13.8%
Redeemable equity
0.0
n/a
n/a
Debt
13,446
13,448
7,331
-0.0%
Other liabilities
20,656
19,700
17,877
+4.9%
Total liabilities and equity
92,358
84,351
71,119
+9.5%
Fixed assets
31,428
27,983
23,627
+12.3%
Goodwill
10,513
9,710
9,254
+8.3%
Intangible assets
5,150
6,235
6,267
-17.4%
Investments
7,445
4,492
6,070
+65.7%
Trading assets
8,441
n/a
n/a
Cash and equivalents
5,674
8,478
5,065
-33.1%
Receivables
3,582
3,833
3,650
-6.5%
Inventory
4,172
4,734
4,096
-11.9%
Other assets
15,953
18,886
13,090
-15.5%
Total assets
92,358
84,351
71,119
+9.5%
10-K for the year ended 28 December 2013, filed 14 February 2014: the filing.