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Table of Contents
INTEL CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
See accompanying notes.
48
Three Years Ended December 25, 2010
(In Millions, Except Per Share Amounts)
2010
2009
2008
Net revenue
$
43,623
$
35,127
$
37,586
Cost of sales
15,132
15,566
16,742
Gross margin
28,491
19,561
20,844
Research and development
6,576
5,653
5,722
Marketing, general and administrative
6,309
7,931
5,452
Restructuring and asset impairment charges
—
231
710
Amortization of acquisition
-
related intangibles
35
6
Operating expenses
12,903
13,850
11,890
Operating income
15,588
5,711
8,954
Gains (losses) on equity method investments, net
117
(147
)
(1,380
)
Gains (losses) on other equity investments, net
231
(23
)
(376
)
Interest and other, net
109
163
488
Income before taxes
16,045
5,704
7,686
Provision for taxes
4,581
1,335
2,394
Net income
$
11,464
$
4,369
$
5,292
Basic earnings per common share
$
2.06
$
0.79
$
0.93
Diluted earnings per common share
$
2.01
$
0.77
$
0.92
Weighted average common shares outstanding:
Basic
5,555
5,557
5,663
Diluted
5,696
5,645
5,748