Intel (INTC) FY2016 results: revenue $59.4 billion, up 7.3% on the year
Intel Corp. (INTC) reported revenue of $59.4 billion for fiscal 2016, the year ended 31 December 2016, up 7.3% on the year before. Net income was $10.3 billion, down 9.7%, and diluted earnings per share $2.12. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2019.
Revenue
$59.4 billion
+7.3% on the year
FY2009FY2016
Operating margin
22.1%
25.3% a year earlier
FY2009FY2016
Net income
$10.3 billion
-9.7% on the year
FY2009FY2016
Diluted EPS
$2.12
-9.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
59,387
55,355
55,870
+7.3%
Cost of revenue
23,196
20,676
20,261
+12.2%
Gross profit
36,191
34,679
35,609
+4.4%
Gross margin
60.9%
62.6%
63.7%
Research and development
12,685
12,128
11,537
+4.6%
Selling, general and administrative
8,377
7,930
8,136
+5.6%
Operating income
13,133
14,002
15,347
-6.2%
Operating margin
22.1%
25.3%
27.5%
Interest expense
733
337
192
+117.5%
Pre-tax income
12,936
14,212
15,801
-9.0%
Income tax
2,620
2,792
4,097
-6.2%
Effective tax rate
20.3%
19.6%
25.9%
Net income
10,316
11,420
11,704
-9.7%
Net margin
17.4%
20.6%
20.9%
Diluted EPS
$2.12
$2.33
$2.31
-9.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
21,808
19,018
20,418
+14.7%
Capital expenditure
9,625
7,326
10,105
+31.4%
Free cash flow
12,183
11,692
10,313
+4.2%
Free cash flow margin
20.5%
21.1%
18.5%
Depreciation and amortisation
294
265
8,549
+10.9%
Share-based compensation
1,444
1,305
1,148
+10.7%
Buybacks
2,587
3,001
10,792
-13.8%
Dividends paid
4,925
4,556
4,409
+8.1%
Diluted shares, weighted
4,875m
4,894m
5,056m
-0.4%
Shares outstanding at period end
4,730m
4,725m
4,748m
+0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
66,226
61,085
55,865
+8.4%
Redeemable equity
882
897
912
-1.7%
Short-term borrowings
4,634
n/a
n/a
Debt
25,258
22,707
13,655
+11.2%
Other liabilities
16,327
16,770
21,524
-2.6%
Total liabilities and equity
113,327
101,459
91,956
+11.7%
Fixed assets
36,171
31,858
33,238
+13.5%
Goodwill
14,099
11,332
10,861
+24.4%
Intangible assets
9,494
3,933
4,446
+141.4%
Investments
7,941
4,573
4,453
+73.6%
Trading assets
8,314
7,323
9,063
+13.5%
Cash and equivalents
5,560
15,308
2,561
-63.7%
Receivables
4,690
4,787
4,427
-2.0%
Inventory
5,553
5,167
4,273
+7.5%
Other assets
21,505
17,178
18,634
+25.2%
Total assets
113,327
101,459
91,956
+11.7%
10-K for the year ended 31 December 2016, filed 1 February 2019: the filing.