Form: 10-Q Filing Date: 11/9/99 Filing Index
THREE MONTHS ENDED NINE MONTHS ENDED
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Sept. 25, Sept. 26, Sept. 25, Sept. 26,
1999 1998 1999 1998
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Net revenues $7,328 $ 6,731 $21,177 $18,659
Costs and expenses:
Cost of sales 3,026 3,176 8,660 8,928
Research and development 840 617 2,234 1,835
Marketing, general and administrative 952 766 2,767 2,148
Amortization of goodwill and other acquisition-related
intangibles 121 16 170 40
Purchased in-process research and development 333 - 333 165
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Operating costs and expenses 5,272 4,575 14,164 13,116
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Operating income 2,056 2,156 7,013 5,543
Interest expense (8) (8) (28) (23)
Interest income and other, net 324 178 981 537
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Income before taxes 2,372 2,326 7,966 6,057
Provision for taxes 914 767 2,760 2,053
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Net income $1,458 $ 1,559 $5,206 $4,004
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Basic earnings per common share $ 0.44 $ 0.46 $ 1.57 $ 1.20
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Diluted earnings per common share $ 0.42 $ 0.44 $ 1.50 $ 1.13
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Cash dividends declared per
common share $ 0.060 $ 0.035 $0.110 $0.050
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Weighted average common shares outstanding 3,325 3,355 3,320 3,339
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Weighted average common shares outstanding,
assuming dilution 3,472 3,505 3,465 3,530
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It is interesting how little dilution there is ($.02/sh),
despite the substantial awards of options (see the proxy
statement for the numbers).
This is because of the repurchase of stock with cash or
from exercise of non-exchange listed puts sold by Intel.
For details see the
notes on the Balance Sheet.
The income statement has little to do with cash-flow. See
cash flow statement to see when cash came and where it went.
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