Intel Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Dec. 31, 2022


Note 5 :			Earnings Per Share


Years Ended (In Millions, Except Per Share Amounts)	Dec 31, 2022		Dec 25, 2021		Dec 26, 2020
Net income	$	8,017	$	19,868	$	20,899
Less: Net income attributable to non-controlling interests	3		—		—
Net income attributable to Intel	$	8,014	$	19,868	$	20,899
Weighted average shares of common stock outstanding—basic	4,108		4,059		4,199
Dilutive effect of employee incentive plans	15		31		33
Weighted average shares of common stock outstanding—diluted	4,123		4,090		4,232
Earnings per share attributable to Intel—basic	$	1.95	$	4.89	$	4.98
Earnings per share attributable to Intel—diluted	$	1.94	$	4.86	$	4.94

We computed diluted earnings per share of common stock based on the weighted average number of shares of common stock outstanding plus potentially dilutive shares of common stock outstanding during the period. Potentially dilutive shares of common stock from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding RSUs, and the assumed issuance of common stock under the 2006 ESPP.

During 2022, 70 million RSUs and stock options, as calculated on a weighted average basis for the year, were excluded from the computation of diluted earnings per share in the table above because they would have been anti-dilutive. These RSUs and options could potentially be included in the diluted earnings per share calculation in the future if the average market value of the common shares increases above the exercise price. For 2021 and 2020, all other periods presented, securities which would have been anti-dilutive were insignificant and have been excluded from the computation of diluted earnings per share.