Intel 2001 Annual Report Download - page 59

Download and view the complete annual report

Please find page 59 of the 2001 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 62

  • 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

In 2001, one customer accounted for approximately 14% of the company's revenues. In both 2000 and 1999, two customers each accounted for 13% of the company's revenues. A
substantial majority of the sales to these customers were Intel Architecture products.
Geographic revenue information for the three years ended December 29, 2001 is based on the location of the selling entity. Property, plant and equipment information is based on the
physical location of the assets at the end of each of the fiscal years.
Revenues from unaffiliated customers by geographic region were as follows:
Net property, plant and equipment by country was as follows:
Supplemental information (unaudited)
Quarterly information for the two years ended December 29, 2001 is presented in "Financial information by quarter (unaudited)" on page 37.
Report of Ernst & Young LLP, independent auditors
The Board of Directors and Stockholders, Intel Corporation
We have audited the accompanying consolidated balance sheets of Intel Corporation as of December 29, 2001 and December 30, 2000, and the related consolidated statements of income,
stockholders' equity, and cash flows for each of the three years in the period ended December 29, 2001. These financial statements are the responsibility of the company's management. Our
responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of Intel Corporation at December 29, 2001
and December 30, 2000, and the consolidated results of its operations and its cash flows for each of the three years in the period ended December 29, 2001, in conformity with accounting
principles generally accepted in the United States.
/s/ Ernst & Young LLP
San Jose, California
January 14, 2002
Operating profit (loss) $
(256
) $
608
$
(96
)
All other
Revenues $
281
$
273
$
286
Operating loss $
(3,005
) $
(3,043
) $
(1,705
)
Total
Revenues $
26,539
$
33,726
$
29,389
Operating profit
$
2,256
$
10,395
$
9,767
(In millions)
2001
2000
1999
United States
$
9,382
$
13,912
$
12,740
Asia-Pacific
8,308
8,674
6,704
Europe
6,500
8,066
7,798
Japan
2,349
3,074
2,147
Total revenues $
26,539
$
33,726
$
29,389
(In millions)
2001
2000
United States
$
14,484
$
11,108
Ireland
1,436
1,545
Other countries
2,201
2,360
Total property, plant and equipment, net
$
18,121
$
15,013