Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Income

v3.23.2
Consolidated Condensed Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Income Statement [Abstract]        
Net revenue $ 12,949 $ 15,321 $ 24,664 $ 33,674
Cost of sales 8,311 9,734 16,018 18,843
Gross margin 4,638 5,587 8,646 14,831
Research and development 4,080 4,400 8,189 8,762
Marketing, general, and administrative 1,374 1,800 2,677 3,552
Restructuring and other charges 200 87 264 (1,124)
Operating expenses 5,654 6,287 11,130 11,190
Operating income (loss) (1,016) (700) (2,484) 3,641
Gains (losses) on equity investments, net (24) (90) 145 4,233
Interest and other, net 224 (119) 365 878
Income (loss) before taxes (816) (909) (1,974) 8,752
Provision for (benefit from) taxes (2,289) (455) (679) 1,093
Net income (loss) 1,473 (454) (1,295) 7,659
Less: Net income (loss) attributable to non-controlling interests (8) 0 (18) 0
Net income (loss) attributable to Intel $ 1,481 $ (454) $ (1,277) $ 7,659
Earnings per share - Basic (in dollars per share) $ 0.35 $ (0.11) $ (0.31) $ 1.87
Earnings per share - Diluted (in dollars per share) $ 0.35 $ (0.11) $ (0.31) $ 1.86
Weighted average shares of common stock outstanding:        
Basic (shares) 4,182 4,100 4,168 4,095
Diluted (shares) 4,196 4,100 4,168 4,120