Intel (INTC) FY2015 results: revenue $55.4 billion, down 0.9% on the year
Intel Corp. (INTC) reported revenue of $55.4 billion for fiscal 2015, the year ended 26 December 2015, down 0.9% on the year before. Net income was $11.4 billion, down 2.4%, and diluted earnings per share $2.33. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2016.
Revenue
$55.4 billion
-0.9% on the year
FY2008FY2015
Operating margin
25.3%
27.5% a year earlier
FY2008FY2015
Net income
$11.4 billion
-2.4% on the year
FY2008FY2015
Diluted EPS
$2.33
+0.9% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
55,355
55,870
52,708
-0.9%
Cost of revenue
20,676
20,261
21,187
+2.0%
Gross profit
34,679
35,609
31,521
-2.6%
Gross margin
62.6%
63.7%
59.8%
Research and development
12,128
11,537
10,611
+5.1%
Selling, general and administrative
7,930
8,136
8,088
-2.5%
Operating income
14,002
15,347
12,291
-8.8%
Operating margin
25.3%
27.5%
23.3%
Interest expense
337
192
244
+75.5%
Pre-tax income
14,212
15,801
12,611
-10.1%
Income tax
2,792
4,097
2,991
-31.9%
Effective tax rate
19.6%
25.9%
23.7%
Net income
11,420
11,704
9,620
-2.4%
Net margin
20.6%
20.9%
18.3%
Diluted EPS
$2.33
$2.31
$1.89
+0.9%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
19,018
20,418
20,776
-6.9%
Capital expenditure
7,326
10,105
10,711
-27.5%
Free cash flow
11,692
10,313
10,065
+13.4%
Free cash flow margin
21.1%
18.5%
19.1%
Depreciation and amortisation
265
8,549
8,032
-96.9%
Share-based compensation
1,305
1,148
1,118
+13.7%
Buybacks
3,001
10,792
2,147
-72.2%
Dividends paid
4,556
4,409
4,479
+3.3%
Diluted shares, weighted
4,894m
5,056m
5,097m
-3.2%
Shares outstanding at period end
4,725m
4,748m
4,967m
-0.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
61,085
55,865
58,256
+9.3%
Redeemable equity
897
912
0.0
-1.6%
Debt
22,707
13,655
13,446
+66.3%
Other liabilities
16,770
21,524
20,656
-22.1%
Total liabilities and equity
101,459
91,956
92,358
+10.3%
Fixed assets
31,858
33,238
31,428
-4.2%
Goodwill
11,332
10,861
10,513
+4.3%
Intangible assets
3,933
4,446
5,150
-11.5%
Investments
4,573
4,453
7,445
+2.7%
Trading assets
7,323
9,063
8,441
-19.2%
Cash and equivalents
15,308
2,561
5,674
+497.7%
Receivables
4,787
4,427
3,582
+8.1%
Inventory
5,167
4,273
4,172
+20.9%
Other assets
17,178
18,634
15,953
-7.8%
Total assets
101,459
91,956
92,358
+10.3%
10-K for the year ended 26 December 2015, filed 12 February 2016: the filing.