Intel Corporation today reported full-year revenue of $53.3 billion,
operating income of $14.6 billion, net income of $11.0 billion and EPS
of $2.13. The company generated approximately $18.9 billion in cash from
operations, paid dividends of $4.4 billion, and used $4.8 billion to
repurchase 191 million shares of stock.
For the fourth quarter, Intel posted revenue of $13.5 billion, operating
income of $3.2 billion, net income of $2.5 billion and EPS of 48 cents.
The company generated approximately $6 billion in cash from operations,
paid dividends of $1.1 billion and used $1.0 billion to repurchase 47
million shares of stock.
"The fourth quarter played out largely as expected as we continued to
execute through a challenging environment," said Paul Otellini, Intel
president and CEO. "We made tremendous progress across the business in
2012 as we entered the market for smartphones and tablets, worked with
our partners to reinvent the PC, and drove continued innovation and
growth in the data center. As we enter 2013, our strong product pipeline
has us well positioned to bring a new wave of Intel innovations across
the spectrum of computing."
Full-Year 2012 Key Financial Information and
Business Unit Trends
PC Client Group had revenue of $34.3 billion, down 3 percent from 2011.
Data Center Group had revenue of $10.7 billion, up 6 percent from 2011.
Other Intel architecture group had revenue of $4.4 billion, down 13
percent from 2011.
Q4 Key Financial Information and Business Unit
Trends
PC Client Group revenue of $8.5 billion, down 1.5 percent sequentially
and down 6 percent year-over-year.
Data Center Group revenue of $2.8 billion, up 7 percent sequentially
and up 4 percent year-over-year.
Other Intel architecture group revenue of $1.0 billion, down 14
percent sequentially and down 7 percent year-over-year.
Gross margin of 58 percent, 1.0 percentage point above the midpoint of
the company's expectation of 57 percent.
R&D plus MG&A spending $4.6 billion, in line with the company's
expectation of approximately $4.5 billion.
Tax rate of 23 percent, below the company's expectation of
approximately 27 percent.
Business Outlook
Intel's Business Outlook does not include the potential impact of any
business combinations, asset acquisitions, divestitures or other
investments that may be completed after Jan. 17.
Full-Year 2013
Revenue: low single-digit percentage increase.
Gross margin percentage: 60 percent, plus or minus a few percentage
points.
R&D plus MG&A spending: $18.9 billion, plus or minus $200 million.
Amortization of acquisition-related intangibles: approximately $300
million.
Depreciation: $6.8 billion, plus or minus $100 million.
Impact of equity investments and interest and other: net gain of
approximately $100 million.
Tax Rate: approximately 25 percent.
Full-year capital spending: $13.0 billion, plus or minus $500 million.
Q1 2013
Revenue: $12.7 billion, plus or minus $500 million.
Gross margin percentage: 58 percent, plus or minus a couple percentage
points.
R&D plus MG&A spending: approximately $4.6 billion.
Amortization of acquisition-related intangibles: approximately $75
million.
Impact of equity investments and interest and other: net loss of
approximately $50 million.
Depreciation: approximately $1.7 billion.
