Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Income

v3.23.3
Consolidated Condensed Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
Income Statement [Abstract]        
Net revenue $ 14,158 $ 15,338 $ 38,822 $ 49,012
Cost of sales 8,140 8,803 24,158 27,646
Gross margin 6,018 6,535 14,664 21,366
Research and development 3,870 4,302 12,059 13,064
Marketing, general, and administrative 1,340 1,744 4,017 5,296
Restructuring and other charges 816 664 1,080 (460)
Operating expenses 6,026 6,710 17,156 17,900
Operating income (loss) (8) (175) (2,492) 3,466
Gains (losses) on equity investments, net (191) (151) (46) 4,082
Interest and other, net 147 138 512 1,016
Income (loss) before taxes (52) (188) (2,026) 8,564
Provision for (benefit from) taxes (362) (1,207) (1,041) (114)
Net income (loss) 310 1,019 (985) 8,678
Less: Net income (loss) attributable to non-controlling interests 13 0 (5) 0
Net income (loss) attributable to Intel $ 297 $ 1,019 $ (980) $ 8,678
Earnings per share - Basic (in dollars per share) $ 0.07 $ 0.25 $ (0.23) $ 2.11
Earnings per share - Diluted (in dollars per share) $ 0.07 $ 0.25 $ (0.23) $ 2.10
Weighted average shares of common stock outstanding:        
Basic (shares) 4,202 4,118 4,180 4,104
Diluted (shares) 4,229 4,125 4,180 4,123