Tejek, >If reported revenue figures of 8.3 billion are correct, Intel grew revs 23% YOY....excellent quarter.
Congrats to all longs....should result in a rally tomorrow.
Thank you. The results are on Intel's website, including the complete financial statement. Lot of bandwidth included below, sorry, but the revs are in th efirst part. 8.3 BILLION!!!!!
Three Months Ended
Six Months Ended
July 1,
June 26,
July 1,
June 26,
2000
--------------------------------------------------------------------------------
1999
--------------------------------------------------------------------------------
2000
--------------------------------------------------------------------------------
1999
--------------------------------------------------------------------------------
NET REVENUE
$ 8,300
--------------------------------------------------------------------------------
$ 6,746
--------------------------------------------------------------------------------
$ 16,293
--------------------------------------------------------------------------------
$ 13,849
--------------------------------------------------------------------------------
Cost of sales
3,283
2,740
6,272
5,634
Research and
development
971
731
1,922
1,394
Marketing, general
and administrative
1,223
924
2,347
1,815
Amortization of
goodwill and other
acquisition-related
intangibles
394
31
707
49
Purchased in-process
research and
development
21
--------------------------------------------------------------------------------
-
--------------------------------------------------------------------------------
83
--------------------------------------------------------------------------------
-
--------------------------------------------------------------------------------
Operating costs and
expenses
5,892
--------------------------------------------------------------------------------
4,426
--------------------------------------------------------------------------------
11,331
--------------------------------------------------------------------------------
8,892
--------------------------------------------------------------------------------
OPERATING
INCOME
2,408
2,320
4,962
4,957
Interest and other
2,341
--------------------------------------------------------------------------------
290
--------------------------------------------------------------------------------
2,981
--------------------------------------------------------------------------------
637
--------------------------------------------------------------------------------
INCOME BEFORE
TAXES
4,749
2,610
7,943
5,594
Income taxes
1,612
--------------------------------------------------------------------------------
861
--------------------------------------------------------------------------------
2,110
--------------------------------------------------------------------------------
1,846
--------------------------------------------------------------------------------
NET INCOME
$ 3,137
--------------------------------------------------------------------------------
$ 1,749
--------------------------------------------------------------------------------
$ 5,833
--------------------------------------------------------------------------------
$ 3,748
--------------------------------------------------------------------------------
BASIC EARNINGS
PER SHARE
$ 0.47
--------------------------------------------------------------------------------
$ 0.26
--------------------------------------------------------------------------------
$ 0.87
--------------------------------------------------------------------------------
$ 0.56
--------------------------------------------------------------------------------
DILUTED EARNINGS
PER SHARE
$ 0.45
--------------------------------------------------------------------------------
$ 0.25
--------------------------------------------------------------------------------
$ 0.83
--------------------------------------------------------------------------------
$ 0.54
--------------------------------------------------------------------------------
COMMON SHARES
OUTSTANDING
6,710
6,620
6,697
6,634
COMMON SHARES
ASSUMING
DILUTION
7,005
6,892
7,000
6,924
Note: Certain prior period amounts have been reclassified to conform with the current presentation.
--------------------------------------------------------------------------------
PRO FORMA INFORMATION EXCLUDING
ACQUISITION-RELATED COSTS
The following pro forma supplemental information excludes the effect of amortization of goodwill and other acquisition-related intangibles as well as in-process research and development. This pro forma information is not prepared in accordance with generally accepted accounting principles.
Three Months Ended
Six Months Ended
July 1,
June 26,
July 1,
June 26,
2000
--------------------------------------------------------------------------------
1999
--------------------------------------------------------------------------------
2000
--------------------------------------------------------------------------------
1999
--------------------------------------------------------------------------------
Pro forma operating
costs and
expenses
$ 5,477
$ 4,395
$ 10,541
$ 8,843
Pro forma operating
income
$ 2,823
$ 2,351
$ 5,752
$ 5,006
Net income excluding
acquisition-related
costs
$ 3,518
$ 1,780
$ 6,556
$ 3,797
Basic earnings per
share excluding
acquisition-related
costs
$ 0.52
$ 0.27
$ 0.98
$ 0.57
Diluted earnings per
share excluding
acquisition-related
costs
$ 0.50
$ 0.26
$ 0.94
$ 0.55
INTEL CORPORATION
CONSOLIDATED SUMMARY BALANCE SHEET DATA
(In millions, except per share amounts)
July 1,
Apr. 1,
Dec. 25,
2000
--------------------------------------------------------------------------------
2000
--------------------------------------------------------------------------------
1999
--------------------------------------------------------------------------------
CURRENT ASSETS
Cash and short-term
investments
$ 13,644
$ 11,216
$ 11,788
Accounts receivable
4,333
3,678
3,700
Inventories:
Raw materials
232
224
183
Work in process
863
796
755
Finished goods
512
--------------------------------------------------------------------------------
517
--------------------------------------------------------------------------------
540
--------------------------------------------------------------------------------
1,607
1,537
1,478
Deferred tax assets
and other
966
--------------------------------------------------------------------------------
977
--------------------------------------------------------------------------------
853
--------------------------------------------------------------------------------
Total current assets
20,550
17,408
17,819
Property, plant and
equipment, net
12,324
11,879
11,715
Marketable strategic
equity securities
6,201
9,809
7,121
Other long-term
investments
1,574
1,163
790
Goodwill and other
acquisition-related
intangibles
6,240
5,978
4,934
Other assets
1,631
--------------------------------------------------------------------------------
1,574
--------------------------------------------------------------------------------
1,470
--------------------------------------------------------------------------------
TOTAL ASSETS
$ 48,520
--------------------------------------------------------------------------------
$ 47,811
--------------------------------------------------------------------------------
$ 43,849
--------------------------------------------------------------------------------
CURRENT
LIABILITIES
Short-term debt
$ 385
$ 373
$ 230
Accounts payable and
accrued liabilities
5,602
4,638
4,565
Deferred income
on shipments to
distributors
726
548
609
Income taxes payable
1,623
--------------------------------------------------------------------------------
1,531
--------------------------------------------------------------------------------
1,695
--------------------------------------------------------------------------------
Total current liabilities
8,336
7,090
7,099
LONG-TERM DEBT
870
868
955
DEFERRED TAX
LIABILITIES
2,694
3,750
3,130
PUT WARRANTS
-
-
130
STOCKHOLDERS'
EQUITY
Common stock and
capital in excess of
par value
7,941
7,748
7,316
Other stockholders'
equity
28,679
--------------------------------------------------------------------------------
28,355
--------------------------------------------------------------------------------
25,219
--------------------------------------------------------------------------------
Total stockholders'
equity
36,620
--------------------------------------------------------------------------------
36,103
--------------------------------------------------------------------------------
32,535
--------------------------------------------------------------------------------
TOTAL LIABILITIES
AND
STOCKHOLDERS'
EQUITY
$ 48,520
--------------------------------------------------------------------------------
$ 47,811
--------------------------------------------------------------------------------
$ 43,849
--------------------------------------------------------------------------------
INTEL CORPORATION
SUPPLEMENTAL FINANCIAL AND OTHER INFORMATION
(In millions)
Q2 '00
Q1 '00
Q2 '99
GEOGRAPHIC
REVENUES:
Americas
43%
39%
45%
Europe
22%
27%
25%
Asia-Pacific
26%
25%
22%
Japan
9%
9%
8%
SELECTED CASH
FLOW
INFORMATION
Depreciation
$764
$897
$760
Amortization of
goodwill and other
acquisition-related
intangibles
$394
$313
$31
Purchased in-
process research
and development
$21
$62
$0
Capital spending
($1,252)
($1,074)
($766)
Stock repurchase
program
($1,001)
($1,000)
($1,501)
Proceeds of sales
of shares to
employees, tax
benefit & other
$504
$633
$220
Dividends paid
($100)
($100)
($100)
Net cash used
for acquisitions
($517)
($1,406)
$0
SHARE INFORMATION
(adjusted for stock splits):
Average common shares
outstanding
6,710
6,683
6,620
Dilutive effect of:
Stock options
288
305
272
Convertible notes
7
7
-
Common shares
assuming dilution
7,005
6,995
6,892
STOCK BUYBACK:
BUYBACK ACTIVITY:
Shares repurchased
16.8
19.6
50.0
Cumulative shares
repurchased
1,356.2
1,339.4
1,269.2
PUT WARRANT
ACTIVITY:
Put warrant sales
-
-
-
Put warrant expirations
-
(4.0)
-
Put warrant exercises
-
-
-
Put warrants outstanding
-
-
-
BUYBACK SUMMARY:
Shares authorized
for buyback
1,520.0
1,520.0
1,520.0
Cumulative shares
repurchased
(1,356.2)
(1,339.4)
(1,269.2)
Put warrants
outstanding
-
-
-
Shares available
for buyback
163.8
180.6
250.8
OTHER INFORMATION:
Employees (in thousands)
76.6
71.7
65.3
Days sales outstanding
36
36
41
INTEL CORPORATION
SUPPLEMENTAL FINANCIAL AND OTHER INFORMATION
(In millions)
YTD
YTD
Q2 '00
Q1 '00
2000
Q2 '99
1999
OPERATING
SEGMENT
INFORMATION:
Intel Architecture Group:
Revenues
6,952
6,581
13,533
5,559
11,988
Operating profit
3,257
3,010
6,267
2,305
5,249
All other:
Revenues
1,348
1,412
2,760
1,187
1,861
Operating (loss) profit
(849)
(456)
(1,305)
15
(292)
Total:
Revenues
8,300
7,993
16,293
6,746
13,849
Operating profit
2,408
2,554
4,962
2,320
4,957
The Intel Architecture Group includes microprocessors, motherboards and board-level products, including chipsets.
The "all other" category includes revenues and earnings (losses) from non-reportable operating segments: the Wireless Communications and Computing Group, the Communications Products Group, the Network Communications Group and the New Business Group.
In addition, "all other" includes certain corporate-level operating expenses (primarily the amount by which profit-dependent bonus expenses differ from a targeted level recorded by the segments) and reserves for deferred income on shipments to distributors not allocated to operating segments. Adjusted for this distributor deferral, IAG revenues would be approximately $6,760 million in Q2 2000, $6,650 million in Q1 2000 and $5,850 million in Q2 1999. Accordingly, "all other" revenues would be approximately $1,540 million in Q2 2000, $1,340 million in Q1 2000, and $900 million in Q2 1999.
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.
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