Intel 2013 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 of the 2013 Intel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

50
INTEL CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
Three Years Ended December 28, 2013
(In Millions, Except Per Share Amounts) 2013 2012 2011
Net revenue $ 52,708 $ 53,341 $ 53,999
Cost of sales 21,187 20,190 20,242
Gross margin 31,521 33,151 33,757
Research and development 10,611 10,148 8,350
Marketing, general and administrative 8,088 8,057 7,670
Restructuring and asset impairment charges 240 — —
Amortization of acquisition-related intangibles 291 308 260
Operating expenses 19,230 18,513 16,280
Operating income 12,291 14,638 17,477
Gains (losses) on equity investments, net 471 141 112
Interest and other, net (151) 94 192
Income before taxes 12,611 14,873 17,781
Provision for taxes 2,991 3,868 4,839
Net income $ 9,620 $ 11,005 $ 12,942
Basic earnings per common share $ 1.94 $ 2.20 $ 2.46
Diluted earnings per common share $ 1.89 $ 2.13 $ 2.39
Weighted average common shares outstanding:
Basic 4,970 4,996 5,256
Diluted 5,097 5,160 5,411
See accompanying notes.
Table of Contents