Intel (INTC) FY2018 results: revenue $70.8 billion, up 12.9% on the year
Intel Corp. (INTC) reported revenue of $70.8 billion for fiscal 2018, the year ended 29 December 2018, up 12.9% on the year before. Net income was $21.1 billion, up 119.3%, and diluted earnings per share $4.48. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2019.
Revenue
$70.8 billion
+12.9% on the year
FY2011FY2018
Operating margin
32.9%
28.8% a year earlier
FY2011FY2018
Net income
$21.1 billion
+119.3% on the year
FY2011FY2018
Diluted EPS
$4.48
+125.1% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
70,848
62,761
59,387
+12.9%
Cost of revenue
27,111
23,692
23,196
+14.4%
Gross profit
43,737
39,069
36,191
+11.9%
Gross margin
61.7%
62.3%
60.9%
Research and development
13,543
13,035
12,685
+3.9%
Selling, general and administrative
6,950
7,452
8,377
-6.7%
Operating income
23,316
18,050
13,133
+29.2%
Operating margin
32.9%
28.8%
22.1%
Interest expense
468
646
733
-27.6%
Pre-tax income
23,317
20,352
12,936
+14.6%
Income tax
2,264
10,751
2,620
-78.9%
Effective tax rate
9.7%
52.8%
20.3%
Net income
21,053
9,601
10,316
+119.3%
Net margin
29.7%
15.3%
17.4%
Diluted EPS
$4.48
$1.99
$2.12
+125.1%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
29,432
22,110
21,808
+33.1%
Capital expenditure
15,181
11,778
9,625
+28.9%
Free cash flow
14,251
10,332
12,183
+37.9%
Free cash flow margin
20.1%
16.5%
20.5%
Cash from investing
-11,239
-15,762
n/a
Cash from financing
-18,607
-8,475
n/a
Depreciation and amortisation
200
177
294
+13.0%
Share-based compensation
1,546
1,358
1,444
+13.8%
Buybacks
10,730
3,615
2,587
+196.8%
Dividends paid
5,541
5,072
4,925
+9.2%
Diluted shares, weighted
4,701m
4,835m
4,875m
-2.8%
Shares outstanding at period end
4,516m
4,687m
4,730m
-3.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
74,563
69,653
66,226
+7.0%
Redeemable equity
419
866
882
-51.6%
Short-term borrowings
n/a
n/a
4,634
Debt
26,359
26,776
25,258
-1.6%
Other liabilities
26,622
25,954
16,327
+2.6%
Total liabilities and equity
127,963
123,249
113,327
+3.8%
Fixed assets
48,976
41,109
36,171
+19.1%
Goodwill
24,513
24,389
14,099
+0.5%
Intangible assets
11,836
12,745
9,494
-7.1%
Investments
6,176
5,526
7,941
+11.8%
Trading assets
5,843
8,755
8,314
-33.3%
Cash and equivalents
3,019
3,433
5,560
-12.1%
Receivables
6,722
5,607
4,690
+19.9%
Inventory
7,253
6,983
5,553
+3.9%
Other assets
13,625
14,702
21,505
-7.3%
Total assets
127,963
123,249
113,327
+3.8%
10-K for the year ended 29 December 2018, filed 1 February 2019: the filing.