Intel (INTC) FY2023 results: revenue $54.2 billion, down 14.0% on the year
Intel Corp. (INTC) reported revenue of $54.2 billion for fiscal 2023, the year ended 30 December 2023, down 14.0% on the year before. Net income was $1.7 billion, down 78.9%, and diluted earnings per share $0.40. The figures are the company's own, from the 10-K it filed with the SEC on 26 January 2024.
Revenue
$54.2 billion
-14.0% on the year
FY2016FY2023
Operating margin
0.2%
3.7% a year earlier
FY2016FY2023
Net income
$1.7 billion
-78.9% on the year
FY2016FY2023
Diluted EPS
$0.40
-79.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
11,471
15,433
29,456
-25.7%
Capital expenditure
25,750
24,844
18,733
+3.6%
Free cash flow
-14,279
-9,411
10,723
Free cash flow margin
-26.3%
-14.9%
13.6%
Cash from investing
-24,041
-10,231
-24,283
Cash from financing
8,505
1,115
-6,211
+662.8%
Depreciation and amortisation
9,602
13,035
11,792
-26.3%
Share-based compensation
3,229
3,128
2,036
+3.2%
Buybacks
0.0
0.0
2,415
Dividends paid
3,088
5,997
5,644
-48.5%
Dividend per share
$0.74
$1.46
n/a
-49.3%
Diluted shares, weighted
4,212m
4,123m
4,090m
+2.2%
Shares outstanding at period end
4,228m
4,137m
4,070m
+2.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
105,590
101,423
95,391
+4.1%
Non-controlling interest
4,375
1,863
0.0
+134.8%
Debt
49,266
42,051
38,101
+17.2%
Other liabilities
32,341
36,766
34,914
-12.0%
Total liabilities and equity
191,572
182,103
168,406
+5.2%
Fixed assets
n/a
80,860
63,245
Goodwill
27,591
27,591
26,963
0.0%
Intangible assets
4,589
6,018
7,270
-23.7%
Investments
17,955
17,194
25,266
+4.4%
Trading assets
n/a
n/a
21,483
Cash and equivalents
7,079
11,144
4,827
-36.5%
Receivables
3,402
4,133
9,457
-17.7%
Inventory
11,127
13,224
10,776
-15.9%
Other assets
119,829
21,939
n/a
+446.2%
Total assets
191,572
182,103
168,406
+5.2%
10-K for the year ended 30 December 2023, filed 26 January 2024: the filing.