Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Intel Corp., consolidated income statement

US$ in millions

12 months ended:	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020
Net revenue	53,101)	54,228)	63,054)	79,024)	77,867)
Cost of sales	(35,756)	(32,517)	(36,188)	(35,209)	(34,255)
Gross margin	17,345)	21,711)	26,866)	43,815)	43,612)
Research and development	(16,546)	(16,046)	(17,528)	(15,190)	(13,556)
Marketing, general and administrative	(5,507)	(5,634)	(7,002)	(6,543)	(6,180)
Restructuring and other charges	(6,970)	62)	(2)	(2,626)	(198)
Operating expenses	(29,023)	(21,618)	(24,532)	(24,359)	(19,934)
Operating income (loss)	(11,678)	93)	2,334)	19,456)	23,678)
Unrealized losses on marketable equity investments	(218)	(99)	(829)	(130)	(133)
Unrealized gains on non-marketable equity investments	92)	17)	299)	750)	176)
Impairment charges	(347)	(214)	(190)	(154)	(303)
Unrealized gains (losses) on equity investments, net	(473)	(296)	(720)	466)	(260)
Realized gains on sales of equity investments, net	715)	336)	4,988)	2,263)	2,164)
Gains on equity investments, net	242)	40)	4,268)	2,729)	1,904)
Interest income	1,245)	1,335)	589)	144)	272)
Interest expense	(1,034)	(878)	(496)	(597)	(629)
Other, net	15)	172)	1,073)	(29)	(147)
Interest and other, net	226)	629)	1,166)	(482)	(504)
Income (loss) before taxes	(11,210)	762)	7,768)	21,703)	25,078)
(Provision for) benefit from taxes	(8,023)	913)	249)	(1,835)	(4,179)
Net income (loss)	(19,233)	1,675)	8,017)	19,868)	20,899)
Net (income) loss attributable to non-controlling interests	477)	14)	(3)	—)	—)
Net income (loss) attributable to Intel	(18,756)	1,689)	8,014)	19,868)	20,899)

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).

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Income statement item	Description	The company
Net revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Intel Corp. net revenue decreased from 2022 to 2023 and from 2023 to 2024.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Intel Corp. operating income (loss) decreased from 2022 to 2023 and from 2023 to 2024.
Income (loss) before taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Intel Corp. income (loss) before taxes decreased from 2022 to 2023 and from 2023 to 2024.
Net income (loss) attributable to Intel	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Intel Corp. net income (loss) attributable to Intel decreased from 2022 to 2023 and from 2023 to 2024.

Intel Corp. (NASDAQ:INTC)

Income Statement