INTEL CORPORATION
CONSOLIDATED SUMMARY INCOME STATEMENT DATA
(In millions, except per share amounts)
Twelve Months Ended
1999 1998 1997 1996 1995
NET REVENUE $ 29,389 $ 26,273 25,070 20,847 16,202
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Cost of sales 11,836 12,088 9,945 9,164 7,811
Research and development 3,111 2,509 2,347 1,808 1,296
Marketing, general and
administrative 3,872 3,076 2,891 2,322 1,843
Amortization of goodwill
and other acquisition-
related intangibles 411 56
Purchased in-process
research and development 392 165 -
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Total Operating costs and
expenses 19,622 17,894 15,183 13,294 10,950
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OPERATING INCOME 9,767 8,379 9,887 7,533 5,252
Interest and other 1,461 758 772 381 386
Formal INCOME BEFORE TAXES 11,228 9,137 10,659 7,934 5,638
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Income taxes 34.8% 33.6% 34.8% 35% 36.75%
COMMON SHARES ASSUMING
DILUTION 3,470 3,517 3,590 3,552 3,536
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Stock repurchase (hidden
labor expenses) 4,600 6,700 3,400 1,300 ??? = $18.2B
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Factual income before taxes 6,628 2,437 7,259 6,634
Factual net income 4,321 1,618 4,732 4,312
Actual EPS $1.24 $0.46 $1.32 $1.21
Reported (fake) EPS: $2.11 $1.73 $1.94 $1.45
Overstatement: 70% 276% 47% 20%
Note:
forbes.com
- Forbes has (-$281) for 1996, data from "Smithers & Co".
What did I overlook? Any other cost of granted options?
P.S. Looks like a fairly stable company <GGG> |
