Sales 30141 26764 26539 33726
Cost of Sales 8278 8650 9356 9401
Gross Operating Profit 21863 18114 17183 24325
Selling General & Admin. Expense 8638 8368 8260 8986
Other Taxes 0 0 0 0
EBITDA 13225 9746 8923 15339
Depreciation & Amortization 5070 5344 6469 4835
EBIT 8155 4402 2454 10504
Other Income Net -29 -94 179 4781
Total Income Avail for Interest Exp. 7504 4288 2239 15176
Interest Expense 62 84 56 35
Minority Interest 0 0 0 0
Pre-tax Income 7442 4204 2183 15141
Income Taxes 1801 1087 892 4606
Special Income/Charges -622 -20 -394 -109
Net Income from Cont. Operations 5641 3117 1291 10535
Net Income from Discont. Opers. 0 0 0 0
Net Income from Total Operations 5641 3117 1291 10535
Normalized Income 6263 3137 1685 10644
Extraordinary Income 0 0 0 0
Income from Cum. Eff. of Acct. Chg. 0 0 0 0
Income from Tax Loss Carryforward 0 0 0 0
Other Gains (Losses) 0 0 0 0
Total Net Income 5641 3117 1291 10535
Dividends Paid per Share 0.08 0.1 0.08 0.07
Preferred Dividends 0 0 0 0
Basic EPS from Cont. Operations 0.86 0.47 0.19 1.57
Basic EPS from Discont. Operations 0 0 0 0
Basic EPS from Total Operations 0.86 0.47 0.19 1.57
Diluted EPS from Cont. Operations 0.85 0.46 0.19 1.51
Diluted EPS from Discont. Operations 0 0 0 0
Diluted EPS from Total Operations 0.85 0.46 0.19 1.51
Assets
Current Assets
Cash and Equivalents 7971 7404 7970 2976
Receivables 2960 2574 2607 4129
Inventories 2519 2276 2253 2241
Other Current Assets 9432 6671 4803 11804
Total Current Assets 22882 18925 17633 21150
Non-Current Assets
Property Plant & Equipment Gross 38692 36912 34356 28253
Accum. Depreciation & Depletion 22031 19065 16235 13240
Property Plant & Equipment Net 16661 17847 18121 15013
Intangibles 3705 4330 5127 5941
Other Non-Current Assets 3895 3122 3514 5841
Total Non-Current Assets 24261 25299 26762 26795
Total Assets 47143 44224 44395 47945
Liabilities & Shareholder's Equity
Current Liabilities
Accounts Payable 1660 1543 1769 2387
Short Term Debt 224 436 409 378
Other Current Liabilities 4995 4616 4392 5885
Total Current Liabilities 6879 6595 6570 8650
Non-Current liabilites
Long Term Debt 936 929 1050 707
Deferred Income Taxes 1482 1232 945 1266
Other Non-Current Liabilities 0 0 0 0
Minority Interest 0 0 0 0
Total Non-Current Liabilities 2418 2161 1995 1973
Total Liabilities 9297 8756 8565 10623
Shareholder's Equity
Preferred Stock Equity 0 0 0 0
Common Stock Equity 37846 35468 35830 37322
Total Equity 37846 35468 35830 37322
Total Liabilities & Stock Equity 47143 44224 44395 47945
Total Common Shares Outstanding 6500000000 6600000000 6700000000 6700000000
Preferred Shares 0 0 0 0
Treasury Shares 0 0 0 0
Cash Flow from Operating Activities
Net Income (Loss) 5641 3117 1291 10535
Depreciation and Amortization 5070 5344 6469 4835
Deferred Income Taxes 391 110 -519 -130
Operating (Gains) Losses 1338 963 1414 -3628
Extraordinary (Gains) Losses 0 0 0 0
Change in Working Capital
(Increase) Decr. in Receivables -430 30 1561 -384
(Increase) Decr. in Inventories -245 -26 24 -731
(Increase) Decr. in Other Curr. Assets -511 -444 898 887
(Decrease) Incr. in Payables 116 -226 -673 978
(Decrease) Incr. in Other Curr. Liabs. -85 282 -794 -131
Other Non-Cash Items 230 -21 -1017 596
Net Cash from Cont. Operations 11515 9129 8654 12827
Net Cash from Discont. Operations 0 0 0 0
Net Cash from Operating Activities 11515 9129 8654 12827
Cash Flow from Investing Activities
Cash Flow Provided by:
Sale of Property Plant Equipment 0 0 0 0
Sale of Short Term Investments 8488 5634 15398 17124
Cash Used by:
Purchase of Property Plant Equipmt. -3717 -4760 -8192 -8991
Purchase of Short Term Investments -11662 -6309 -7141 -17188
Other Investing Changes Net -199 -330 -260 -980
Net Cash from Investing Activities -7090 -5765 -195 -10035
Cash Flow from Financing Activities
Cash Flow Provided by:
Issuance of Debt 0 55 329 215
Issuance of Capital Stock 967 681 762 797
Cash Used for:
Repayment of Debt -289 -119 -10 -46
Repurchase of Capital Stock -4012 -4014 -4008 -4007
Payment of Cash Dividends -524 -533 -538 -470
Other Financing Charges Net 0 0 0 0
Net Cash from Financing Activities -3858 -3930 -3465 -3511
Effect of Exchange Rate Changes 0 0 0 0
Net Change in Cash & Cash Equivalents 567 -566 4994 -719
Cash at Beginning of Period 7404 7970 2976 3695
Free Cash Flow 7274 3836 -76 3366
29389
8650
20739
6983
0
13756
3597
10159
1497
11264
36
0
11228
3914
-392
7314
0
7314
7706
0
0
0
0
7314
0.06
0
1.1
0
1.1
1.06
0
1.06
3695
3700
1478
8946
17819
23557
11842
11715
4934
9381
26030
43849
1370
230
5499
7099
955
3130
130
0
4215
11314
0
32535
32535
43849
6700000000
0
0
7314
3597
-219
-298
0
153
169
506
79
853
-819
11335
0
11335
0
7987
-6382
-7055
0
-5450
187
563
0
-4612
-366
0
-4228
0
1657
2038
4587
INTC INTEL SemiConductor
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Sales 30,141 26,764 26,539 33,726 29,389 -
Variation en % 12.6 0.8 - 21.3 14.8
Cash Flow Volume 43,915 32,998 51,298 72,653 41,159
Marge brute 21,863 18,114 17,183 24,325 20,739 -
Variation en % 20.7 5.4 - 29.4 17.3
Marge brute/chiff aff 72.5 67.7 64.7 72.1 70.6
Frais :
commerciaux marketing 8,638 8,368 8,260 8,986 6,983 -
Résultat d'exploitation 8,155 4,402 2,454 10,504 10,159 -
Variation en % 85.3 79.4 - 76.6 3.4
Résult exploit / C.A. 27.1 16.4 9.2 31.1 34.6
Résultat avant impôts 7,442 4,204 2,183 15,141 11,228 -
Résultat net 5,641 3,117 1,291 10,535 7,314 -
Variation en % 81.0 141.4 - 87.7 44.0
Résult net / chiff aff 18.7 11.6 4.9 31.2 24.9
Capitaux propres 37,846 35,468 35,830 37,322 32,535 -
ROE 14.9 8.8 3.6 28.2 22.5
Dettes à long terme 936 929 1,050 707 955 -
Variation en % 0.8 - 11.5 48.5 - 26.0
ROCE 21.0 12.1 6.7 27.6 30.3
Gearing 2.5 2.6 2.9 1.9 2.9
Dettes LT / rés exploitation 0.1 0.2 0.4 0.1 0.1
Cash Flow
Conventional 567.0 - 566.0 4,994.0 - 719.0 1,657.0 -
Free 7,274.0 3,836.0 - 76.0 3,366.0 4,587.0 -
Total Bilan 47,143.0 ######## ######## ######## 43,849.0 -
Variation en % 6.6 - 0.4 - 7.4 9.3
copyright Maestrade
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
2,003 2,002 2,001 2,000 1,999 1,998
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Sales 30,141 26,764 26,539 33,726 29,389 -
change % 12.6% 0.8% -21.3% 14.8%
INTEL
Sales
copyright Maestrade
12,000
10,000
8,000
6,000
4,000
2,000
-
2,003 2,002 2,001 2,000 1,999 1,998
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Net Income 5,641 3,117 1,291 10,535 7,314 -
change % 81.0% 141.4% -87.7% 44.0%
INTEL
Net Income from
Total Operations
copyright Maestrade
100.0%
80.0%
60.0%
40.0%
20.0%
0.0%
2,003 2,002 2,001 2,000
-20.0%
-40.0%
-60.0%
rate of growth % 2,003 2,002 2,001 2,000 1,999 1,998
Sales 12.6% 0.8% -21.3% 14.8% - -
Balance 6.6% -0.4% -7.4% 9.3% -
Cash Flow 33.1% -35.7% -29.4% 76.5%
INTEL
Rates of Growth
compared
copyright Maestrade
12.00 $
10.00 $
8.00 $
6.00 $
4.00 $
2.00 $
0.00 $
2,003 2,002 2,001 2,000 1,999
rate of growth % 2,003 2,002 2,001 2,000 1,999 SUM
Sales 4.64 $ 4.055 $ 3.961 $ 5.034 $ 4.386 $ 22.073 $
% 14% 2% -21% 15%
Balance 7.25 $ 6.701 $ 6.626 $ 7.156 $ 6.545 $ 34.280 $
% 8% 1% -7% 9%
Cash Flow 6.76 $ 5.000 $ 7.656 $ 10.844 $ 6.143 $ 36.399 $
% 35% -35% -29% 77%
INTEL
per share
compared
copyright Maestrade
60,000
50,000
40,000
30,000
20,000
10,000
-
1 2 3 4 5
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Sales 30,141 26,764 26,539 33,726 29,389
Balance 47,143 44,224 44,395 47,945 43,849 -
% 63.9% 60.5% 59.8% 70.3% 67.0%
INTEL
Sales vs Balance
Sheet
copyright Maestrade
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
-
1 2 3 4 5
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Sales 30,141 26,764 26,539 33,726 29,389
Cash Flow V 43,915 32,998 51,298 72,653 41,159 -
% 68.6% 81.1% 51.7% 46.4% 71.4%
INTEL
Sales vs Cash
Flow
copyright Maestrade
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
-
1 2 3 4 5
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Balance 47,143 44,224 44,395 47,945 43,849
Cash Flow V 43,915 32,998 51,298 72,653 41,159 -
% 107.4% 134.0% 86.5% 66.0% 106.5%
INTEL
Balance vs Cash
Flow
copyright Maestrade
35
30
25
20
15
10
5
-
2,003 2,002 2,001 2,000 1,999 1,998
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Sales 30,141 26,764 26,539 33,726 29,389 -
Net Income 5,641.0 3,117.0 1,291.0 10,535.0 7,314.0 -
margin netto 18.7 11.6 4.9 31.2 24.9 #DIV/0!
INTEL
net profit margin
Net Income from Total Operations
vs Sales
copyright Maestrade
80
70
60
50
40
30
20
10
0
2,003 2,002 2,001 2,000 1,999 1,998
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Sales 30,141 26,764 26,539 33,726 29,389 -
2
Gross Operating Profit 1,863 18,114 17,183 24,325 20,739 -
GROSS MARGIN 73 67.7 64.7 72.1 70.6 #DIV/0!
INTEL
gross margin
Gross Operating Profit
vs Sales
copyright Maestrade
40.0%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
2,003 2,002 2,001 2,000 1,999 1,998
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
EBIT 8,155 4,402 2,454 10,504 10,159 -
Sales 30,141 26,764 26,539 33,726 29,389 -
operation margin 27.1% 16.4% 9.2% 31.1% 34.6%
INTEL
gross margin
operation margin
résultat d'exploitation
vs Sales
copyright Maestrade
30
25
20
15
10
5
-
2,003 2,002 2,001 2,000 1,999 1,998
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Résultat net 5,641 3,117 1,291 10,535 7,314 -
Capitaux propres 37,846 35,468 35,830 37,322 32,535 -
ROE 14.9 8.8 3.6 28.2 22.5
INTEL
taux de
ROE
Résultat net
sur capitaux propres
copyright Maestrade
35
30
25
20
15
10
5
0
2,003 2,002 2,001 2,000 1,999 1,998
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Résultat d'exploitation 8,155 4,402 2,454 10,504 10,159 -
Capitaux propres 37,846 35,468 35,830 37,322 32,535 -
Dettes à long terme 936.0 929.0 1,050.0 707.0 955.0 -
ROCE 21.0 12.1 6.7 27.6 30.3
INTEL
taux de
ROCE
Résultat d'exploitation
sur capitaux propres
Capitaux permanents =
capitaux propres +
dettes à long terme
copyright Maestrade
4
3
3
2
2
1
1
0
2,003 2,002 2,001 2,000 1,999 1,998
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Dettes à long terme 936 929 1,050 707 955 -
Capitaux propres 37,846 35,468 35,830 37,322 32,535 -
Gearing 2.5 2.6 2.9 1.9 2.9
INTEL
taux de
Gearing
Dettes à long terme
sur capitaux propres
copyright Maestrade
0.45
0.40
0.35
0.30
0.25
0.20
0.15
0.10
0.05
-
2,003 2,002 2,001 2,000 1,999 1,998
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Dettes à long terme 936 929 1,050 707 955 -
Résultat d'exploitation 8,155 4,402 2,454 10,504 10,159 -
Dettes LT / rés
exploitation 0.11 0.21 0.43 0.07 0.09
INTEL
taux de
Dettes à long terme
sur
Résultat d'exploitation
copyright Maestrade
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
2,003 2,002 2,001 2,000 1,999 1,998
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Capitaux propres 37,846 35,468 35,830 37,322 32,535 -
Capital 32,205 32,351 34,539 26,787 25,221 -
Résultat net 5,641.0 3,117.0 1,291.0 10,535.0 7,314.0 -
INTEL
Effet
Boule de Neige
Capitaux propres
Capital
Résultat net
copyright Maestrade
40
35
30
25
20
15
10
5
0
2,003 2,002 2,001 2,000 1,999
Millions USD 2,003 2,002 2,001 2,000 1,999
Coût des ventes % 27.5 32.3 35.3 27.9 29.4
Frais commerciaux 28.7 31.3 31.1 26.6 23.8
Résultat exploitation 27.1 16.4 9.2 31.1 34.6
Total 83.2 80.0 75.6 85.7 87.8
INTEL
Formule
Frais commerciaux
Cout des ventes
Résultat d'exploitation
1,998
1,998
copyright Maestrade
0.0
40
35
30
25
20
15
10
5
0
2,003 2,002 2,001 2,000 1,999 1,998
Millions USD 2,003 2,002 2,001 2,000 1,999 1,998
Résultat d'exploitation 27.1 16.4 9.2 31.1 34.6
Coût des ventes % 27.5 32.3 35.3 27.9 29.4
INTEL
Coût des ventes %
et
Résultat d'exploitation
copyright Maestrade