Intel Financial Analysis and Financial Ratios
Quality Business Consultant's financial analysis expert, Paul Borosky, MBA., doctoral candidate, and published author, has created proprietary financial models to help analyze Intel's financial performance using Intel's summarized income statements and balance sheets for the last five years, found in their Annual Reports and Amazon's 10ks.
Further, our financial model also calculates over 20 popular financial ratios, such as Intel's current ratio, return on equity, and debt ratio. This information is the basis of our financial report, "Intel's Financial Report," where we offer insights into understanding their financial standing through insightful financial analysis.
A Beginner's Guide to Intel Financial Analysis - 2021
- Included Easy to download PDF File.
- Included Easy to use format.
- Included Summarized Income Statements and Balance Sheets for the last 5 years..
- Included Popular financial ratios for the last 5 years included... with calculations and formulas!
- Included Expert tips to help with financial statements analysis.
- Included Expert tips to help with financial ratios analysis.
- NOT Included-Identify and discuss financial trends for the company..
- NOT Included-Expert financial analysis done by Paul Borosky, MBA.
- NOT Included- Analyst "Letter Grades" for the company's ratios.
Intel Financial Report by Paul Borosky, MBA. - 2019
- Included Easy to download PDF File.
- Included Easy to use format.
- Included Summarized Income Statements and Balance Sheets for the last 5 years..
- Included Popular financial ratios for the last 5 years included... with calculations and formulas!
- Included Expert tips to help with financial statements analysis.
- Included Expert tips to help with financial ratios analysis.
- Included Identify and discuss financial trends for the company.
- Included Expert financial analysis done by Paul Borosky MBA.
- Included Analyst "Letter Grades" for the company's ratios.
Intel's Financial Report and Financial Analysis
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Beginner's Guide to Intel Financial Analysis 2021
- Contents
- Disclaimer 3
- Forward 4
- Income Statement 6
- Intel’s Summarized Income Statements 6
- Revenues 7
- Cost of Goods Sold (COGS) 8
- Selling, General, and Administrative Expenses (SG&A 8
- Research and Development (R&D) 9
- Operating Expenses 10
- Earnings Before Interest and Taxes (EBIT 10
- Interest Expense 11
- Earnings Before Taxes (EBT) 12
- Taxes 12
- Net income 12
- Tax Rate 13
- Balance Sheet 15
- Intel’s Summarized Balance Sheets 15
- Cash 16
- Short-Term Investments 17
- Accounts Receivables 17
- Inventory 18
- Current Assets 19
- Property, Plant, and Equipment (PP&E) 20
- Total Assets 20
- Accounts Payable 21
- Accrued Expenses 22
- Short-Term Debt 23
- Total Current Liabilities 24
- Long Term Debt (LT Debt) 25
- Total Liabilities 26
- Common Stock and Additional Paid-in Capital 27
- Treasury 27
- Retained Earnings 28
- Total Equity 29
- Financial Ratios 30
- Intel’s Liquidity Ratios 31
- Current Ratio 31
- Quick Ratio 32
- Cash Ratio 33
- Intel’s Asset Ratios 35
- Total Asset Turnover 36
- Fixed Asset Turnover 37
- Days Sales Outstanding 37
- Inventory Turnover 38
- Accounts Receivable Turnover 39
- Accounts Payable Turnover 40
- Other Asset Ratio Calculations 41
- Working Capital Turnover 41
- Average Days in Inventory 41
- Average Days Payable 41
- Intel’s Profitability Ratios 43
- Return on Assets (ROA) 43
- Return on Equity (ROE) 44
- Net Profit Margin 45
- Gross Profit Margin 46
- Operating Profit Margin 46
- Intel’s Debt Ratios 48
- Debt Ratio 48
- Debt to Equity Ratio 49
- Times Interest Earned 50
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Intel Financial Report 2019 by Paul Borosky, MBA.
- Disclaimer 3
- Acknowledgments 4
- Forward 5
- About the Author 7
- Company Summary 8
- Financial Statement Introduction 10
- Income Statement 11
- Intel’s Income Statement – Summary Analysis 12
- Income Statement Discussion 12
- Balance Sheet 21
- Balance Sheet – Summary Analysis 22
- Balance Sheet Discussion 23
- Financial Ratios 38
- Liquidity Ratios 39
- Liquidity Ratios - Summary Analysis 39
- Liquidity Ratios Discussion 40
- Current Ratio 40
- Quick Ratio 41
- Cash Ratio 42
- Other Liquidity Ratios 43
- Net Operating Working Capital 43
- Asset Ratios 45
- Asset Utilization Ratios - Summary Analysis 46
- Asset Utilization Ratios Discussion 46
- Total Asset Turnover 46
- Fixed Asset Turnover 47
- Days Sales Outstanding 48
- Inventory Turnover 50
- Accounts Receivable Turnover 51
- Accounts Payable Turnover 52
- Other Asset Ratio Calculations 53
- Working Capital Turnover 53
- Average Days in Inventory 53
- Average Days Payable 54
- Profitability Ratios 55
- Profitability Ratios - Summary Analysis 56
- Profitability Ratios Discussion 56
- Return on Assets (ROA) 56
- Return on Equity (ROE) 57
- Profit Margin 58
- Gross Profit Margin 59
- Operating Profit Margin 61
- Basic Earnings Power 61
- ROCE 62
- Capital Employed 62
- Debt Ratios 63
- Intel’s Debt Ratios - Summary Analysis 63
- Debt Ratios Discussion 64
- Long-Term Debt Ratio 64
- Debt to Equity Ratio 65
- Times Interest Earned 66
- WACC 68
- Book Value of WACC 68
- Free Cash Flow (FCF) 70
- Free Cash Flows – 2015 - 2019 70
- Free Cash Flows – 5 Year Projections 71
- Income Statement – Projections for 5 years 72
- Income Statement – 5 Year Projections 72
- Balance Sheet – Projections for 5 years 73
- Balance Sheet – 5 Year Projections 73
- Company Valuation and Intrinsic Stock Price 75
- Appendix 1: Summarized Income Statement 76
- Appendix 2: Income Statement – Percent of Sales 77
- Appendix 3: Income Statement – Year over Year Growth 78
- Appendix 4: Summarized Balance Sheet 79
- Appendix 5: Balance Sheet as Percent of Total Assets 80
- Appendix 6: Summarized Financial Ratios 81
Intel's Financial Report by Paul Borosky, MBA.
Hey All,
Thanks for considering my Intel Financial Report. In this report, you will be able to find preliminary information about Intel current financial performance as well as some historical track records and trends. Also, in this report, written by myself, Paul Borosky, MBA., Doctoral Candidate and published author, you will find:
- Summarized income statement for the last 5 years.
- Summarized balance sheet for the last 5 years.
- Summary analysis by myself of the important income statement, balance sheet, and financial ratio trends and other happenings.
- Five years’ worth of over twenty common financial ratios presented with formulas, calculations, and analysis tips for each ratio.
- Line by line description, explanation, and analysis tip for most financial statement line items and financial ratios.
- Professional financial analysis tips are provided in each section to help YOU conduct your OWN financial analysis!
- Each section includes an “in other words” segment. This is where I use plain English to explain concepts.
Sincerely,
Paul, MBA.
Sample Report
Intel Income Statement Analysis Sample
In this section of the financial report, I walk you through a broad definition of what an income statement is and why it is essential. From this, I then discuss and define important income statement line items, such as revenues, gross profits, etc., in detail. Finally, I offer a summary analysis of the company's important income statement line item trends. For example,...
Intel's Research and Development
Intel’s research and development, as of 2019, was $13.4 billion. This was a 1.3% decrease from the previous year. In the technology industry, research and development investments should be continually increasing or, at the worst, stay level with the previous year. A decrease in R&D research should be a huge red flag for investors. Couple this with slowing revenue growth and investors should be concerned.
Intel 2021 Summary Income Statement |
|||||
| Column1 |
2021 |
2020 | 2019 | 2018 |
2017 |
| Revenues |
79,024 |
77,867 | 71,965 | 70,848 |
62,761 |
| COGS |
35,209 |
34,255 | 29,825 | 27,111 |
23,663 |
| Gross Profit |
43,815 |
43,612 | 42,140 | 43,737 |
39,098 |
| SG&A |
6,543 |
6,180 | 6,350 | 6,750 |
7,452 |
| Depreciation |
9,953 |
10,482 | 9,204 | 7,502 |
6,752 |
| R & D |
15,190 |
13,556 | 13,362 | 13,543 |
13,035 |
| Other | |||||
| Total Operating Expenses |
24,359 |
19,934 | 20,105 | 20,421 |
21,048 |
| EBIT |
19,456 |
23,678 | 22,035 | 23,316 |
18,050 |
| Other Income | |||||
| Interest Expense |
482 |
504 | (484) | (126) |
349 |
| EBT |
21,703 |
25,078 | 24,058 | 23,317 |
20,352 |
| Taxes |
1,835 |
4,179 | 3,010 | 2,264 |
10,751 |
| Net Income |
19,868 |
20,899 | 21,048 | 21,053 |
9,601 |
Intel Balance Sheet Analysis Sample
In this section of the financial report, I walk you through a broad definition of what a balance sheet is and why it is important. From this, I then discuss and define important balance sheet line items, such as cash, inventory, etc., in detail. Finally, I offer a summary analysis of the company's important balance sheet line item trends. For example,...
Intel Property, Plant, and Equipment
In the last five years, Intel has grown their property, plant, and equipment line item at about a 13.9% annual growth rate. As compared to other industry competitors, this growth rate is relatively modest. However, because the company has utilized a similar growth rate in the last three out of four years, the practice should be acceptable for investors as a workable strategy.
Intel 2021 Summary Balance Sheet |
|||||
| Column1 |
2021 |
2020 | 2019 | 2018 |
2017 |
| Cash |
4,827 |
5,865 | 4,194 | 3,019 |
3,433 |
| Short Term Investment |
2,103 |
2,292 | 1,082 | 2,788 |
1,814 |
| Account Receivable |
9,457 |
6,782 | 7,659 | 6,722 |
5,607 |
| Inventory |
10,776 |
8,427 | 8,744 | 7,253 |
6,983 |
| Other | |||||
| Current Assets |
57,718 |
47,249 | 31,239 | 28,787 |
29,500 |
| Net PPE |
63,245 |
56,584 | 55,386 | 48,976 |
41,109 |
| Goodwill |
26,963 |
26,971 | 26,276 | 24,513 |
24,389 |
| Other | |||||
| Total Assets |
168,406 |
153,091 | 136,524 | 127,963 |
123,249 |
| Accounts Payable |
5,747 |
5,581 | 4,128 | 3,824 |
2,928 |
| Accrued Expense |
4,535 |
3,999 | 3,853 | 3,622 |
3,526 |
| Accrued Taxes | |||||
| Notes Payable |
4,591 |
2,504 | 3,693 | 1,261 |
1,776 |
| LT Debt - Current | |||||
| Other | |||||
| Total Current Liabilities |
27,462 |
24,754 | 22,310 | 16,626 |
17,421 |
| LT Debt |
33,510 |
33,897 | 25,308 | 25,098 |
25,037 |
| Other | |||||
| Total Liabilities |
73,015 |
72,053 | 59,020 | 53,400 |
54,230 |
| Common Stock |
28,006 |
25,556 | 25,261 | 25,365 |
26,074 |
| Treasury | |||||
| Retained Earnings |
68,265 |
56,233 | 53,523 | 50,172 |
42,083 |
| Other | |||||
| Total Equity |
95,391 |
81,038 | 77,504 | 74,563 |
69,019 |
| Total Equity & Liability |
168,406 |
153,091 | 136,524 | 127,963 |
123,249 |
Intel Financial Ratios Sample
In this section of the financial report, I walk you through definitions of various popular financial ratios, how to calculate the ratios, formulas used, etc. Also, for some popular financial ratios, I provide brief explanations of what the ratios mean as it is related to the company.
Intel Fixed Asset Turnover Ratio
The fixed asset turnover for the firm ended 2015 at 1.74. Over the next five years, the company’s ratio would steadily fall to 1.3. This indicates that the company is using its fixed assets less optimally over time. This problem falls square upon the shoulders of the executive and management team. To mitigate this issue, the organization should take action to liquidate some fixed assets that are not being fully utilized.
Intel Return on Equity
Intel’s return on equity ended 2015 at 18.7%. Over the next few years, this would grow to approximately 27.2%. Their return on equity growth may be spurred by their increased use of debt. Regardless, as long as their risk is not elevated too much, this is an excellent strategy.
Intel 2021 Liquidity Ratios |
|||||
| Ratios |
2021 |
2020 | 2019 | 2018 |
2017 |
| Current Ratio |
2.10 |
1.91 |
|||
| Cash Ratio |
0.25 |
0.33 |
|||
| Quick Ratio |
1.71 |
1.57 |
|||
| Net Working Capital |
30,256 |
22,495 |
|||
Intel 2021 Asset Utilization |
|||||
| Ratios |
2021 |
2020 | 2019 | 2018 |
2017 |
| Total Asset Turnover |
0.47 |
0.51 |
|||
| Fixed Asset Turnover |
1.25 |
1.38 |
|||
| Days Sales Outstanding |
37.50 |
33.85 |
|||
| Inventory Turnover (Using Sales) |
8.23 |
9.07 |
|||
| Inventory Turnover (Using COGS) |
3.67 |
3.99 |
|||
| Accounts Receivable Turnover |
9.73 |
10.78 |
|||
| Working Capital Turnover |
2.61 |
3.46 |
|||
| AP Turnover |
6.63 |
6.99 |
|||
| Average Days Inventory |
99.54 |
91.48 |
|||
| Average Days Payable |
55.04 |
52.21 |
|||
Intel 2021 Profitability Ratios |
|||||
| Ratios |
2021 |
2020 | 2019 | 2018 |
2017 |
| Return on Assets |
11.80% |
13.65% |
|||
| Return on Equity |
20.83% |
25.79% |
|||
| Net Profit Margin |
25.14% |
26.84% |
|||
| Gross Profit Margin |
55.45% |
56.01% |
|||
| Operating Profit Margin |
24.62% |
30.41% |
|||
| Basic Earning Power |
11.55% |
15.47% |
|||
| ROCE |
13.80% |
18.45% |
|||
| Capital Employed |
140,944 |
128,337 |
|||
| ROIC |
13.34% |
16.80% |
|||
Intel 2021 Debt Ratios |
|||||
| Ratios |
2021 |
2020 | 2019 | 2018 |
2017 |
| Debt Ratio |
22.62% |
23.78% |
|||
| Debt/Equity |
39.94% |
44.92% |
|||
| Times Interest Earned |
40.37 |
46.98 |
|||