Intel Financial Statements and Financial Ratios

Intel Financial Statements and Financial Ratios Analyzed

🚀 Power Up Your Knowledge with Intel's 2023 Financial Insights! 📊

Intel 2023 Beginner’s Guide Introduction:

Hello, future finance leaders! Ready to dive into the financial circuits of Intel in 2023? Explore "Intel 2023: Beginner's Guide to Financial Analysis," your definitive guide from Quality Business Consultant, authored by financial expert Paul Borosky, MBA. This guide isn't just a series of figures; it's a strategic tool to decode the financial engineering of one of the semiconductor industry's giants!

Why You'll Love This Guide:

  • Guided by a Finance Expert: 🎓 Navigate through Intel's 2023 financials with Paul Borosky, MBA, your expert guide from Quality Business Consultant.
  • Summary Financial Statements: 📉 Analyze Intel's income statements and balance sheets for 2023, unveiling the company's fiscal architecture.
  • Extensive Ratio Analysis: 🧮 Decode over twenty vital financial ratios to understand Intel's financial health and operational efficiency.
  • Demystifying Financial Terms: 📚 Our "In other words" sections translate complex financial terminologies into easy-to-grasp insights.
  • Personalized Analytical Tips: 💡 Utilize Paul's customized tips to amplify your financial analysis skills, valuable in any academic or professional setting.
  • Deeper Insights with Detailed Report: 🔍 Opt for our "Financial Analysis & Report" for a comprehensive financial examination of Intel, integrating AI insights with Paul Borosky's seasoned review.

Guide Highlights:

  • An accessible Legal Disclaimer.
  • A compelling Forward to spark your financial curiosity.
  • Detailed examinations of Income Statements and Balance Sheets for 2023.
  • Thorough explorations of Financial Ratios to bolster your analytical skills.
  • A treasure trove of financial knowledge awaits!

Table of Contents Sneak Peek:

  • Navigating Income Statements: Delving into revenue, expenses, and profitability insights
  • Dissecting the Balance Sheet: Assessing assets, liabilities, and equity – the keystones of financial stability
  • Mastering Financial Ratios: Equipping you with the acumen to scrutinize Intel's financial narrative

Who's This For?

Designed for the ambitious business student or the proactive entrepreneur, this guide is your integrated circuit to mastering financial analysis, with Intel as your focus.

Elevate Your Financial Expertise:

Boost your financial literacy with "Intel 2023: Beginner's Guide to Financial Analysis." Turn intricate financial data into actionable business strategies.

Additional Note: This beginner's guide establishes a foundational understanding of key financial principles, focusing on income statements, balance sheets, and essential financial ratios for their analysis. It provides a summarized overview of Intel's financials, furnishing you with targeted data, calculations, and ratios for your analytical endeavors. While the guide supplies the tools for financial exploration, the in-depth analysis is your endeavor. For those seeking a detailed, company-specific financial overview, our "Financial Analysis & Report" delivers thorough insights, merging AI technology with Paul Borosky, MBA's expert judgment.


Paul, MBA.

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Intel: Brief Summary

Intel Incorporated is one of the most sought-after stocks in the world.  The company’s legendary founder, Gordon Moore, is world-renowned.  Intel Inc. continues to innovate and disrupt its industry under the current leadership of Bob Swan. 

These circumstances have resulted in the organization becoming an industry leader.  For some, these facts alone are reason enough to buy stock in the company.

Intel Financial Report Sources

“Intel 2019 Company Analysis: Financial Statements and Financial Ratios: Defined, Discussed, and Analyzed for 5 Years” was written by, Paul Borosky, MBA., and owner of Quality Business Plan.  In this book, the author selected Intel's 2019 10k, 2017 10k annual report, 2016 10k annual report, 2015 10k annual report, and Intel's 2019 10k annual report as the basis for information gathering. 



Section 1: Intel Income Statement Analyzed

In this section, I walk through a broad definition of what an income statement is and why it is important.  From this, I then discuss and define income statement line items, such as revenues, gross profits, etc. in detail.  After each line item is defined and discussed, I finally offer a summary analysis of Inte's important income statement line item trends from 2015 to 2019, in most cases.

Revenue Growth:  Intel’s revenues ended 2015 at $55 billion.  Over the next five years, the company increased its revenues to approximately 71.9 billion.  This is an average growth rate of about 7%.  However, the slowest annual growth rate was 1.6% from 2018 to 2019.  If this trend continues, then investors should expect the company to initiate cost-cutting measures to best optimize operations to account for slower revenue growth.

SG&A:  The company’s SG&A was 14.3% of revenues in 2015.  In 2019, this line item fell to 8.5% of revenues.  This indicates that the company has taken measures to reduce its overall costs as compared to revenues.  As revenue growth continues to slow, investors should expect this practice to continue.

Intel 2023 Summary Income Statement

Column1 2023 2022 2021 2020 2019
Revenues                    54,228                    63,054                    79,024                    77,867                      71,965
COGS                    32,517                    36,188                    35,209                    34,255                      29,825
Gross Profit                    21,711                    26,866                    43,815                    43,612                      42,140
SG&A                      5,634                      7,002                      6,543                      6,180                        6,350
Depreciation                      7,847                    11,128                      9,953                    10,482                        9,204
R & D                    16,046                    17,528                    15,190                    13,556                      13,362
Total Operating Expenses                    21,618                    24,532                    24,359                    19,934                      20,105
EBIT                           93                      2,334                    19,456                    23,678                      22,035
Other Income
Interest Expense                         629                      1,166                        (482)                         504                         (484)
EBT                         762                      7,768                    21,703                    25,078                      24,058
Taxes                      1,835                      4,179                        3,010
Net Income                     1,689                     8,014                   19,868                   20,899                    21,048


Section 2: Intel Balance Sheet Analyzed

For Intel's balance sheet, I again go through each important line item from the balance sheet.  In reviewing each line item, I will define Intel's balance sheet line item, such as cash, property, plant and equipment, and liabilities between 2015 to 2019.  Next, I then offer a summary analysis of Intel’s important balance sheet line items.

Cash:  Intel’s cash position fell from $15.3 billion in 2015 to $4.2 billion in 2019.  This decrease in cash may indicate that the company is better at using its short-term investment opportunities.  Because the cash level seems to be trending down on an annual basis, and the net income tends to be going up, this indicates that asset reallocation is probably a safe guess.

Short-term Investments:  The organization's short-term investments ended 2015 at $2.7 billion.  Over the next five years, the organization decreases its short-term investments to approximately $1 billion.  This indicates that the company is using its short-term investment reserves for either acquisition or for operations purposes.

Intel 2023 Summary Balance Sheet

Column1 2023 2022 2021 2020 2019
Cash                        7,079                  11,144                    4,827                    5,865                    4,194
Short Term Investment                      17,955                  17,194                    2,103                    2,292                    1,082
Account Receivable                        3,402                    4,133                    9,457                    6,782                    7,659
Inventory                      11,127                  13,224                  10,776                    8,427                    8,744
Current Assets                    43,269                50,407                57,718                47,249                31,239
Net PPE                      96,647                  80,860                  63,245                  56,584                  55,386
Goodwill                      27,591                  27,591                  26,963                  26,971                  26,276
Total Assets                  191,572              182,103              168,406              153,091              136,524
Accounts Payable                        8,578                    9,595                    5,747                    5,581                    4,128
Accrued Expense                        3,655                    4,084                    4,535                    3,999                    3,853
Accrued Taxes                        1,107                    2,251
Notes Payable                        2,288                    4,367                    4,591                    2,504                    3,693
LT Debt - Current
Total Current Liabilities                      28,053                  32,155                  27,462                  24,754                  22,310
LT Debt                      46,978                  37,684                  33,510                  33,897                  25,308
Total Liabilities                    81,607                78,817                73,015                72,053                59,020
Common Stock                      36,649                  31,580                  28,006                  25,556                  25,261
Retained Earnings                      69,156                  70,405                  68,265                  56,233                  53,523
Total Equity                  109,965              103,286                95,391                81,038                77,504
Total Equity & Liability                  191,572              182,103              168,406              153,091              136,524


Section 3: Intel Financial Ratios Analyzed

For this section, I have chosen several different financial ratios to review for Intel from 2015 to 2019.  In reviewing each of Intel's financial ratios, I first start with defining the financial ratio.  Next, I supply the financial formula for calculating the specific ratio.  Finally, I offer a brief analysis of Intel’s Important Financial ratios. 

Intel Current Ratio

Intel’s current ratio fell from 2.4 in 2015 to 1.4 and 2019.  Also, this decline has been periodic over the last five years.  This shows that the company has taken steps to better utilize its cash.  A cautionary note, if their current ratio falls below 1.0, investors should become concerned about short-term liquidity.

Intel Fixed Asset Turnover

The fixed asset turnover for the firm ended 2015 at 1.74.  Over the next five years, the company’s ratio would steadily fall to 1.3.  This indicates that the company is using its fixed assets less optimally over time.  This problem falls square upon the shoulders of the executive and management team.  To mitigate this issue, the organization should take action to liquidate some fixed assets that are not being fully utilized.

Intel Return on Equity

Intel’s return on equity ended 2015 at 18.7%.  Over the next few years, this would grow to approximately 27.2%.  Their return on equity growth may be spurred by their increased use of debt.  Regardless, as long as their risk is not elevated too much, this is an excellent strategy.

Intel Debt Ratio

Intel’s debt ratio had fallen from 19.75% in 2015 to 18.5% in 2019.  In reviewing technology competitors, their debt ratio seems to be well below average.  A better strategy would be for the organization to take on debt to about a 30 to 40% ratio.  With these additional funds, the company may be able to acquire other companies, payout dividends, or initiate a stock buyback strategy.