Intel 2012 Annual Report Download - page 51

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Three Years Ended December 29, 2012
(In Millions, Except Per Share Amounts)
2012
2011
2010
Net revenue ........................................................................................................................
$ 53,341
$ 53,999
$ 43,623
Cost of sales........................................................................................................................
20,190
20,242
15,132
Gross margin .....................................................................................................................
33,151
33,757
28,491
Research and development................................................................................................
10,148
8,350
6,576
Marketing, general and administrative.................................................................................
8,057
7,670
6,309
Amortization of acquisition-related intangibles ................................................................
308
260
18
Operating expenses ..........................................................................................................
18,513
16,280
12,903
Operating income ..............................................................................................................
14,638
17,477
15,588
Gains (losses) on equity investments, net...........................................................................
141
112
348
Interest and other, net .........................................................................................................
94
192
109
Income before taxes..........................................................................................................
14,873
17,781
16,045
Provision for taxes...............................................................................................................
3,868
4,839
4,581
Net income .........................................................................................................................
$ 11,005
$ 12,942
$ 11,464
Basic earnings per common share..................................................................................
$ 2.20
$ 2.46
$ 2.06
Diluted earnings per common share ...............................................................................
$ 2.13
$ 2.39
$ 2.01
Weighted average common shares outstanding:
Basic...............................................................................................................................
4,996
5,256
5,555
Diluted ............................................................................................................................
5,160
5,411
5,696