Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

v2.4.1.9
Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 27, 2014
Dec. 28, 2013
Dec. 29, 2012
Net revenue $ 55,870us-gaap_SalesRevenueNet $ 52,708us-gaap_SalesRevenueNet $ 53,341us-gaap_SalesRevenueNet
Cost of sales 20,261us-gaap_CostOfGoodsAndServicesSold 21,187us-gaap_CostOfGoodsAndServicesSold 20,190us-gaap_CostOfGoodsAndServicesSold
Gross margin 35,609us-gaap_GrossProfit 31,521us-gaap_GrossProfit 33,151us-gaap_GrossProfit
Research and development 11,537us-gaap_ResearchAndDevelopmentExpense 10,611us-gaap_ResearchAndDevelopmentExpense 10,148us-gaap_ResearchAndDevelopmentExpense
Marketing, general and administrative 8,136us-gaap_SellingGeneralAndAdministrativeExpense 8,088us-gaap_SellingGeneralAndAdministrativeExpense 8,057us-gaap_SellingGeneralAndAdministrativeExpense
Restructuring and asset impairment charges 295us-gaap_RestructuringSettlementAndImpairmentProvisions 240us-gaap_RestructuringSettlementAndImpairmentProvisions 0us-gaap_RestructuringSettlementAndImpairmentProvisions
Amortization of acquisition-related intangibles 1,169us-gaap_AmortizationOfIntangibleAssets 1,242us-gaap_AmortizationOfIntangibleAssets 1,165us-gaap_AmortizationOfIntangibleAssets
Operating expenses 20,262us-gaap_OperatingExpenses 19,230us-gaap_OperatingExpenses 18,513us-gaap_OperatingExpenses
Operating income 15,347us-gaap_OperatingIncomeLoss 12,291us-gaap_OperatingIncomeLoss 14,638us-gaap_OperatingIncomeLoss
Gains (losses) on equity investments, net 411intc_GainsLossesOnEquityInvestmentsNet 471intc_GainsLossesOnEquityInvestmentsNet 141intc_GainsLossesOnEquityInvestmentsNet
Interest and other, net 43intc_InterestAndOtherNet (151)intc_InterestAndOtherNet 94intc_InterestAndOtherNet
Income before taxes 15,801us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 12,611us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 14,873us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for taxes 4,097us-gaap_IncomeTaxExpenseBenefit 2,991us-gaap_IncomeTaxExpenseBenefit 3,868us-gaap_IncomeTaxExpenseBenefit
Net income 11,704us-gaap_NetIncomeLoss 9,620us-gaap_NetIncomeLoss 11,005us-gaap_NetIncomeLoss
Basic earnings per share of common stock $ 2.39us-gaap_EarningsPerShareBasic $ 1.94us-gaap_EarningsPerShareBasic $ 2.20us-gaap_EarningsPerShareBasic
Diluted earnings per share of common stock $ 2.31us-gaap_EarningsPerShareDiluted $ 1.89us-gaap_EarningsPerShareDiluted $ 2.13us-gaap_EarningsPerShareDiluted
Weighted average shares of common stock outstanding:      
Basic (shares) 4,901us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 4,970us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 4,996us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (shares) 5,056us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 5,097us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 5,160us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Operating Expense [Member]      
Amortization of acquisition-related intangibles $ 294us-gaap_AmortizationOfIntangibleAssets
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_OperatingExpenseMember
$ 291us-gaap_AmortizationOfIntangibleAssets
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_OperatingExpenseMember
$ 308us-gaap_AmortizationOfIntangibleAssets
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_OperatingExpenseMember