Intel (INTC) FY2017 results: revenue $62.8 billion, up 5.7% on the year
Intel Corp. (INTC) reported revenue of $62.8 billion for fiscal 2017, the year ended 30 December 2017, up 5.7% on the year before. Net income was $9.6 billion, down 6.9%, and diluted earnings per share $1.99. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2019.
Revenue
$62.8 billion
+5.7% on the year
FY2010FY2017
Operating margin
28.8%
22.1% a year earlier
FY2010FY2017
Net income
$9.6 billion
-6.9% on the year
FY2010FY2017
Diluted EPS
$1.99
-6.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
62,761
59,387
55,355
+5.7%
Cost of revenue
23,692
23,196
20,676
+2.1%
Gross profit
39,069
36,191
34,679
+8.0%
Gross margin
62.3%
60.9%
62.6%
Research and development
13,035
12,685
12,128
+2.8%
Selling, general and administrative
7,452
8,377
7,930
-11.0%
Operating income
18,050
13,133
14,002
+37.4%
Operating margin
28.8%
22.1%
25.3%
Interest expense
646
733
337
-11.9%
Pre-tax income
20,352
12,936
14,212
+57.3%
Income tax
10,751
2,620
2,792
+310.3%
Effective tax rate
52.8%
20.3%
19.6%
Net income
9,601
10,316
11,420
-6.9%
Net margin
15.3%
17.4%
20.6%
Diluted EPS
$1.99
$2.12
$2.33
-6.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
22,110
21,808
19,018
+1.4%
Capital expenditure
11,778
9,625
7,326
+22.4%
Free cash flow
10,332
12,183
11,692
-15.2%
Free cash flow margin
16.5%
20.5%
21.1%
Cash from investing
-15,762
n/a
n/a
Cash from financing
-8,475
n/a
n/a
Depreciation and amortisation
177
294
265
-39.8%
Share-based compensation
1,358
1,444
1,305
-6.0%
Buybacks
3,615
2,587
3,001
+39.7%
Dividends paid
5,072
4,925
4,556
+3.0%
Diluted shares, weighted
4,835m
4,875m
4,894m
-0.8%
Shares outstanding at period end
4,687m
4,730m
4,725m
-0.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
69,653
66,226
61,085
+5.2%
Redeemable equity
866
882
897
-1.8%
Short-term borrowings
n/a
4,634
n/a
Debt
26,776
25,258
22,707
+6.0%
Other liabilities
25,954
16,327
16,770
+59.0%
Total liabilities and equity
123,249
113,327
101,459
+8.8%
Fixed assets
41,109
36,171
31,858
+13.7%
Goodwill
24,389
14,099
11,332
+73.0%
Intangible assets
12,745
9,494
3,933
+34.2%
Investments
5,526
7,941
4,573
-30.4%
Trading assets
8,755
8,314
7,323
+5.3%
Cash and equivalents
3,433
5,560
15,308
-38.3%
Receivables
5,607
4,690
4,787
+19.6%
Inventory
6,983
5,553
5,167
+25.8%
Other assets
14,702
21,505
17,178
-31.6%
Total assets
123,249
113,327
101,459
+8.8%
10-K for the year ended 30 December 2017, filed 1 February 2019: the filing.