Form: 10-Q Filing Date: 11/9/99 Filing Index
THREE MONTHS ENDED NINE MONTHS ENDED ------------------ ----------------- Sept. 25, Sept. 26, Sept. 25, Sept. 26, 1999 1998 1999 1998 ---- ---- ---- ----
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 ------- ------- ------- -------
Operating costs and expenses 5,272 4,575 14,164 13,116 ------- ------- ------- -------
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 ------- ------- ------- -------
Income before taxes 2,372 2,326 7,966 6,057
Provision for taxes 914 767 2,760 2,053 ------- ------- ------- -------
Net income $1,458 $ 1,559 $5,206 $4,004 ------- ------- ------- ------- ------- ------- ------- -------
Basic earnings per common share $ 0.44 $ 0.46 $ 1.57 $ 1.20 ------- ------- ------- ------- ------- ------- ------- -------
Diluted earnings per common share $ 0.42 $ 0.44 $ 1.50 $ 1.13 ------- ------- ------- ------- ------- ------- ------- -------
Cash dividends declared per common share $ 0.060 $ 0.035 $0.110 $0.050 ------- ------- ------- ------- ------- ------- ------- -------
Weighted average common shares outstanding 3,325 3,355 3,320 3,339 ------- ------- ------- ------- ------- ------- ------- ------- Weighted average common shares outstanding, assuming dilution 3,472 3,505 3,465 3,530 ------- ------- ------- ------- ------- ------- ------- -------
It is interesting how little dilution there is ($.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. All of this stuff is available by clicking the SEC button at the bottom of the messages. I am sure you can figure out everything yourself, or, if necessary, go to business school. |