Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

Analysis of Property, Plant and Equipment

Microsoft Excel

Property, Plant and Equipment Disclosure

Intel Corp., balance sheet: property, plant and equipment

US$ in millions

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Land and buildings 56,544 51,182 44,808 40,039 37,536
Machinery and equipment 103,150 100,033 92,711 86,955 79,384
Construction in progress 50,418 43,442 36,727 21,545 17,309
Property, plant, and equipment, gross 210,112 194,657 174,246 148,539 134,229
Accumulated depreciation (102,193) (98,010) (93,386) (85,294) (77,645)
Property, plant, and equipment, net 107,919 96,647 80,860 63,245 56,584

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

Item Description The company
Property, plant, and equipment, gross Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Intel Corp. property, plant, and equipment, gross increased from 2022 to 2023 and from 2023 to 2024.
Property, plant, and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Intel Corp. property, plant, and equipment, net increased from 2022 to 2023 and from 2023 to 2024.

Asset Age Ratios (Summary)

Intel Corp., asset age ratios

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Average age ratio 48.64% 50.35% 53.59% 57.42% 57.85%
Estimated total useful life (years) 21 25 16 15 13
Estimated age, time elapsed since purchase (years) 10 12 8 9 7
Estimated remaining life (years) 11 12 7 6 5

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Intel Corp. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024.
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. Intel Corp. estimated total useful life of depreciable property, plant and equipment increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. Intel Corp. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.
Estimated remaining life Intel Corp. estimated remaining life of depreciable property, plant and equipment increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Average Age

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Selected Financial Data (US$ in millions)
Accumulated depreciation 102,193 98,010 93,386 85,294 77,645
Property, plant, and equipment, gross 210,112 194,657 174,246 148,539 134,229
Asset Age Ratio
Average age1 48.64% 50.35% 53.59% 57.42% 57.85%

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

2024 Calculations

1 Average age = 100 × Accumulated depreciation ÷ Property, plant, and equipment, gross
= 100 × 102,193 ÷ 210,112 = 48.64%

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Intel Corp. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024.

Estimated Total Useful Life

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Selected Financial Data (US$ in millions)
Property, plant, and equipment, gross 210,112 194,657 174,246 148,539 134,229
Depreciation expense 9,951 7,847 11,128 9,953 10,482
Asset Age Ratio (Years)
Estimated total useful life1 21 25 16 15 13

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

2024 Calculations

1 Estimated total useful life = Property, plant, and equipment, gross ÷ Depreciation expense
= 210,112 ÷ 9,951 = 21

Asset age ratio Description The company
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. Intel Corp. estimated total useful life of depreciable property, plant and equipment increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Estimated Age, Time Elapsed since Purchase

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Selected Financial Data (US$ in millions)
Accumulated depreciation 102,193 98,010 93,386 85,294 77,645
Depreciation expense 9,951 7,847 11,128 9,953 10,482
Asset Age Ratio (Years)
Time elapsed since purchase1 10 12 8 9 7

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

2024 Calculations

1 Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense
= 102,193 ÷ 9,951 = 10

Asset age ratio Description The company
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. Intel Corp. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.

Estimated Remaining Life

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Selected Financial Data (US$ in millions)
Property, plant, and equipment, net 107,919 96,647 80,860 63,245 56,584
Depreciation expense 9,951 7,847 11,128 9,953 10,482
Asset Age Ratio (Years)
Estimated remaining life1 11 12 7 6 5

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

2024 Calculations

1 Estimated remaining life = Property, plant, and equipment, net ÷ Depreciation expense
= 107,919 ÷ 9,951 = 11

Asset age ratio Description The company
Estimated remaining life Intel Corp. estimated remaining life of depreciable property, plant and equipment increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.