2018 Q1 Form 10-Q Financial Statement
#000005086318000013 Filed on April 27, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q2 |
---|---|---|
Revenue | $16.07B | $14.80B |
YoY Change | 7.98% | |
Cost Of Revenue | $6.335B | $5.636B |
YoY Change | 1.15% | |
Gross Profit | $9.731B | $9.160B |
YoY Change | 12.67% | |
Gross Profit Margin | 60.57% | 61.91% |
Selling, General & Admin | $1.900B | $2.099B |
YoY Change | -5.71% | |
% of Gross Profit | 19.53% | 22.91% |
Research & Development | $3.311B | $3.311B |
YoY Change | 2.0% | |
% of Gross Profit | 34.03% | 36.15% |
Depreciation & Amortization | $1.806B | $1.625B |
YoY Change | -19.35% | |
% of Gross Profit | 18.56% | 17.74% |
Operating Expenses | $5.261B | $5.528B |
YoY Change | -0.61% | |
Operating Profit | $4.470B | $3.632B |
YoY Change | 41.43% | |
Interest Expense | $112.0M | $146.0M |
YoY Change | -250.52% | |
% of Operating Profit | 2.51% | 4.02% |
Other Income/Expense, Net | -$102.0M | -$69.00M |
YoY Change | -286.49% | |
Pretax Income | $5.011B | $3.815B |
YoY Change | 52.11% | |
Income Tax | $557.0M | $851.0M |
% Of Pretax Income | 11.12% | 22.31% |
Net Earnings | $4.454B | $2.964B |
YoY Change | 44.87% | |
Net Earnings / Revenue | 27.72% | 20.03% |
Basic Earnings Per Share | $0.95 | $0.63 |
Diluted Earnings Per Share | $0.93 | $0.61 |
COMMON SHARES | ||
Basic Shares Outstanding | 4.674B shares | 4.723B shares |
Diluted Shares Outstanding | 4.790B shares | 4.881B shares |
Balance Sheet
Concept | 2018 Q1 | 2017 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $5.574B | $7.992B |
YoY Change | 33.47% | |
Cash & Equivalents | $3.554B | $4.934B |
Short-Term Investments | $2.020B | $3.058B |
Other Short-Term Assets | $3.408B | $2.903B |
YoY Change | 24.11% | |
Inventory | $7.146B | $5.801B |
Prepaid Expenses | ||
Receivables | $4.879B | $4.921B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $31.63B | $36.06B |
YoY Change | 31.61% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $43.74B | $36.91B |
YoY Change | 13.07% | |
Goodwill | $24.35B | $14.10B |
YoY Change | -16.78% | |
Intangibles | $12.36B | $9.157B |
YoY Change | -17.8% | |
Long-Term Investments | $2.005B | $1.315B |
YoY Change | -17.45% | |
Other Assets | $3.614B | $7.443B |
YoY Change | -5.43% | |
Total Long-Term Assets | $96.97B | $79.59B |
YoY Change | 1.95% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $31.63B | $36.06B |
Total Long-Term Assets | $96.97B | $79.59B |
Total Assets | $128.6B | $115.6B |
YoY Change | 9.65% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $4.415B | $3.221B |
YoY Change | 1.83% | |
Accrued Expenses | $10.56B | $9.040B |
YoY Change | 15.7% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | |
Long-Term Debt Due | $3.842B | $5.073B |
YoY Change | 94.67% | |
Total Short-Term Liabilities | $19.96B | $21.31B |
YoY Change | 21.56% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $24.77B | $20.68B |
YoY Change | -5.04% | |
Other Long-Term Liabilities | $3.082B | $3.658B |
YoY Change | 28.31% | |
Total Long-Term Liabilities | $27.85B | $24.34B |
YoY Change | -1.18% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $19.96B | $21.31B |
Total Long-Term Liabilities | $27.85B | $24.34B |
Total Liabilities | $47.81B | $45.64B |
YoY Change | 8.28% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $44.42B | $40.09B |
YoY Change | 9.76% | |
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $70.17B | $66.84B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $128.6B | $115.6B |
YoY Change | 9.65% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $4.454B | $2.964B |
YoY Change | 44.87% | |
Depreciation, Depletion And Amortization | $1.806B | $1.625B |
YoY Change | -19.35% | |
Cash From Operating Activities | $6.284B | $3.898B |
YoY Change | -3.87% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $2.910B | $1.952B |
YoY Change | -245.02% | |
Acquisitions | $0.00 | |
YoY Change | ||
Other Investing Activities | $440.0M | -$54.00M |
YoY Change | -99.62% | |
Cash From Investing Activities | -$4.791B | -$2.778B |
YoY Change | -82.1% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $1.914B | $1.242B |
YoY Change | ||
Debt Paid & Issued, Net | $327.0M | $0.00 |
YoY Change | ||
Cash From Financing Activities | -1.372B | -1.746B |
YoY Change | 123.27% | |
NET CHANGE | ||
Cash From Operating Activities | 6.284B | 3.898B |
Cash From Investing Activities | -4.791B | -2.778B |
Cash From Financing Activities | -1.372B | -1.746B |
Net Change In Cash | 121.0M | -626.0M |
YoY Change | -94.89% | |
FREE CASH FLOW | ||
Cash From Operating Activities | $6.284B | $3.898B |
Capital Expenditures | $2.910B | $1.952B |
Free Cash Flow | $3.374B | $1.946B |
YoY Change | -63.97% |
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|
1999000000 | USD |
CY2018Q1 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
|
2089000000 | USD |
CY2017Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
|
0 | USD |
CY2018Q1 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
|
0 | USD |
CY2017Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Not Offset Policy Election Deduction
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotOffsetPolicyElectionDeduction
|
206000000 | USD |
CY2018Q1 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Not Offset Policy Election Deduction
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotOffsetPolicyElectionDeduction
|
327000000 | USD |
CY2017Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
14000000 | USD |
CY2018Q1 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
52000000 | USD |
CY2017Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
350000000 | USD |
CY2018Q1 | us-gaap |
Derivative Assets
DerivativeAssets
|
440000000 | USD |
CY2018Q1 | us-gaap |
Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
53000000 | USD |
CY2017Q4 | us-gaap |
Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
|
206000000 | USD |
CY2018Q1 | us-gaap |
Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
|
327000000 | USD |
CY2017Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.63 | |
CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.95 | |
CY2017Q4 | us-gaap |
Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
|
130000000 | USD |
CY2018Q1 | us-gaap |
Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
|
61000000 | USD |
CY2017Q4 | us-gaap |
Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
|
504000000 | USD |
CY2018Q1 | us-gaap |
Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
|
753000000 | USD |
CY2017Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
350000000 | USD |
CY2018Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
440000000 | USD |
CY2017Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
745000000 | USD |
CY2018Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
1133000000 | USD |
CY2017Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
745000000 | USD |
CY2018Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
1133000000 | USD |
CY2017Q4 | us-gaap |
Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
|
0 | USD |
CY2018Q1 | us-gaap |
Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
|
0 | USD |
CY2017Q4 | us-gaap |
Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
35000000 | USD |
CY2017Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.61 | |
CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.93 | |
CY2017Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.223 | |
CY2018Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.111 | |
CY2017Q2 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.090 | |
CY2017Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
3526000000 | USD |
CY2018Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2118000000 | USD |
CY2017Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
1774000000 | USD |
CY2018Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
2005000000 | USD |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
3634000000 | USD |
CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
4008000000 | USD |
CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
1543000000 | USD |
CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
1170000000 | USD |
CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
1358000000 | USD |
CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
1424000000 | USD |
CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
1479000000 | USD |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
14211000000 | USD |
CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
14796000000 | USD |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
10577000000 | USD |
CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
10788000000 | USD |
CY2017Q2 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
252000000 | USD |
CY2018Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
643000000 | USD |
CY2018Q1 | us-gaap |
Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
|
724000000 | USD |
CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
24389000000 | USD |
CY2018Q1 | us-gaap |
Goodwill
Goodwill
|
24346000000 | USD |
CY2017Q2 | us-gaap |
Gross Profit
GrossProfit
|
9160000000 | USD |
CY2018Q1 | us-gaap |
Gross Profit
GrossProfit
|
9731000000 | USD |
CY2017Q2 | us-gaap |
Impairment Of Investments
ImpairmentOfInvestments
|
48000000 | USD |
CY2018Q1 | us-gaap |
Impairment Of Investments
ImpairmentOfInvestments
|
17000000 | USD |
CY2017Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3815000000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
5011000000 | USD |
CY2017Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-11000000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-82000000 | USD |
CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
851000000 | USD |
CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
557000000 | USD |
CY2017Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
171000000 | USD |
CY2018Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
228000000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
188000000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
73000000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
105000000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-102000000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
|
0 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
|
1599000000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-1277000000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-1307000000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
427000000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
294000000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
232000000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
96000000 | USD |
CY2017Q2 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
452000000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
822000000 | USD |
CY2017Q2 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
100000000 | shares |
CY2018Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
51000000 | shares |
CY2017Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
58000000 | shares |
CY2018Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
65000000 | shares |
CY2017Q4 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
2168000000 | USD |
CY2018Q1 | us-gaap |
Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
|
1567000000 | USD |
CY2017Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
16379000000 | USD |
CY2018Q1 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
16363000000 | USD |
CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
12745000000 | USD |
CY2018Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
12355000000 | USD |
CY2017Q2 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
67000000 | USD |
CY2018Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
113000000 | USD |
CY2017Q2 | us-gaap |
Interest Expense
InterestExpense
|
146000000 | USD |
CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
112000000 | USD |
CY2017Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
97000000 | USD |
CY2018Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
60000000 | USD |
CY2017Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
1992000000 | USD |
CY2018Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2154000000 | USD |
CY2017Q4 | us-gaap |
Inventory Net
InventoryNet
|
6983000000 | USD |
CY2018Q1 | us-gaap |
Inventory Net
InventoryNet
|
7146000000 | USD |
CY2017Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
1098000000 | USD |
CY2018Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
1242000000 | USD |
CY2017Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
3893000000 | USD |
CY2018Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
3750000000 | USD |
CY2017Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
76000000 | USD |
CY2018Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
91000000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
123249000000 | USD |
CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
128596000000 | USD |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
17421000000 | USD |
CY2018Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
19961000000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
25037000000 | USD |
CY2018Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
24770000000 | USD |
CY2017Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
4192000000 | USD |
CY2018Q1 | us-gaap |
Marketable Securities
MarketableSecurities
|
4653000000 | USD |
CY2018Q1 | us-gaap |
Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
|
606000000 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-1746000000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-1372000000 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-2778000000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-4791000000 | USD |
CY2017Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
3898000000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
6284000000 | USD |
CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2964000000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4454000000 | USD |
CY2017Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-69000000 | USD |
CY2018Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-102000000 | USD |
CY2017Q4 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
860000000 | USD |
CY2018Q1 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
744000000 | USD |
CY2017Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
5528000000 | USD |
CY2018Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
5261000000 | USD |
CY2017Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3632000000 | USD |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4470000000 | USD |
CY2017Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2908000000 | USD |
CY2018Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
3408000000 | USD |
CY2017Q4 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
801000000 | USD |
CY2018Q1 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
743000000 | USD |
CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
3215000000 | USD |
CY2018Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
3614000000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
|
-18000000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
|
-148000000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
1000000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-22000000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
543000000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
0 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
314000000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
195000000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
119000000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
757000000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
245000000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
60000000 | USD |
CY2017Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
7535000000 | USD |
CY2018Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
9586000000 | USD |
CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
3791000000 | USD |
CY2018Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
3082000000 | USD |
CY2017Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1000000 | USD |
CY2018Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-81000000 | USD |
CY2017Q2 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-54000000 | USD |
CY2018Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
277000000 | USD |
CY2017Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1242000000 | USD |
CY2018Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1914000000 | USD |
CY2017Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1229000000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1400000000 | USD |
CY2017Q2 | us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
1746000000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
859000000 | USD |
CY2017Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1952000000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2910000000 | USD |
CY2017Q2 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
3075000000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
5398000000 | USD |
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
|
714000000 | USD |
CY2018Q1 | us-gaap |
Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
|
1145000000 | USD |
CY2017Q2 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
1508000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
893000000 | USD |
CY2017Q2 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-39000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-162000000 | USD |
CY2017Q2 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
435000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
2142000000 | USD |
CY2017Q2 | us-gaap |
Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
2433000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
3760000000 | USD |
CY2017Q2 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
329000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
289000000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
41109000000 | USD |
CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
43735000000 | USD |
CY2018Q1 | us-gaap |
Realized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
|
-11000000 | USD |
CY2017Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
240000000 | USD |
CY2018Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
9000000 | USD |
CY2017Q2 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | USD |
CY2018Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
327000000 | USD |
CY2017Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3311000000 | USD |
CY2018Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3311000000 | USD |
CY2017Q2 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
80000000 | USD |
CY2018Q1 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
0 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
42083000000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
44418000000 | USD |
CY2017Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
14796000000 | USD |
CY2018Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
16066000000 | USD |
CY2017Q4 | us-gaap |
Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
|
1649000000 | USD |
CY2018Q1 | us-gaap |
Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
|
1649000000 | USD |
CY2017Q4 | us-gaap |
Securities Purchased Under Agreements To Resell Collateral Obligation To Return Securities
SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnSecurities
|
1649000000 | USD |
CY2018Q1 | us-gaap |
Securities Purchased Under Agreements To Resell Collateral Obligation To Return Securities
SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnSecurities
|
1649000000 | USD |
CY2017Q4 | us-gaap |
Securities Purchased Under Agreements To Resell Gross
SecuritiesPurchasedUnderAgreementsToResellGross
|
1649000000 | USD |
CY2018Q1 | us-gaap |
Securities Purchased Under Agreements To Resell Gross
SecuritiesPurchasedUnderAgreementsToResellGross
|
1649000000 | USD |
CY2017Q4 | us-gaap |
Securities Purchased Under Agreements To Resell Liability
SecuritiesPurchasedUnderAgreementsToResellLiability
|
0 | USD |
CY2018Q1 | us-gaap |
Securities Purchased Under Agreements To Resell Liability
SecuritiesPurchasedUnderAgreementsToResellLiability
|
0 | USD |
CY2017Q4 | us-gaap |
Securities Purchased Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction
|
0 | USD |
CY2018Q1 | us-gaap |
Securities Purchased Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction
|
0 | USD |
CY2017Q4 | us-gaap |
Securities Purchased Under Agreements To Resell Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
0 | USD |
CY2018Q1 | us-gaap |
Securities Purchased Under Agreements To Resell Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
0 | USD |
CY2017Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2099000000 | USD |
CY2018Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1900000000 | USD |
CY2017Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
397000000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
433000000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
69019000000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
70165000000 | USD |
CY2017Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
866000000 | USD |
CY2018Q1 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
801000000 | USD |
CY2017Q4 | us-gaap |
Trading Securities
TradingSecurities
|
8755000000 | USD |
CY2018Q1 | us-gaap |
Trading Securities
TradingSecurities
|
10623000000 | USD |
CY2018Q1 | us-gaap |
Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
|
713000000 | USD |
CY2017Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4881000000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4790000000 | shares |
CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4723000000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4674000000 | shares |
CY2018Q1 | us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:14pt;"><font style="font-family:Arial Narrow;font-size:14pt;color:#0071c5;font-style:normal;font-weight:bold;text-decoration:none;">NOTE 15: CONTINGENCIES</font><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;"> </font></div><div style="line-height:120%;padding-bottom:12px;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;color:#0071c5;font-style:normal;font-weight:bold;text-decoration:none;">LEGAL PROCEEDINGS</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">We are a party to various legal proceedings, including those noted in this section. Although management at present believes that the ultimate outcome of these proceedings, individually and in the aggregate, will not materially harm our financial position, results of operations, cash flows, or overall trends, legal proceedings and related government investigations are subject to inherent uncertainties, and unfavorable rulings or other events could occur. Unfavorable resolutions could include substantial monetary damages. In addition, in matters for which injunctive relief or other conduct remedies are sought, unfavorable resolutions could include an injunction or other order prohibiting us from selling one or more products at all or in particular ways, precluding particular business practices, or requiring other remedies. An unfavorable outcome may result in a material adverse impact on our business, results of operations, financial position, and overall trends. We might also conclude that settling one or more such matters is in the best interests of our stockholders, employees, and customers, and any such settlement could include substantial payments. Except as specifically described below, we have not concluded that settlement of any of the legal proceedings noted in this section is appropriate at this time.</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#0071c5;font-style:normal;font-weight:bold;text-decoration:none;">European Commission Competition Matter</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">In 2001, the European Commission (EC) commenced an investigation regarding claims by Advanced Micro Devices, Inc. (AMD) that we used unfair business practices to persuade customers to buy our microprocessors. We received numerous requests for information and documents from the EC and we responded to each of those requests. The EC issued a Statement of Objections in July 2007 and held a hearing on that Statement in March 2008. The EC issued a Supplemental Statement of Objections in July 2008. In May 2009, the EC issued a decision finding that we had violated Article 82 of the EC Treaty and Article 54 of the European Economic Area Agreement. In general, the EC found that we violated Article 82 (later renumbered as Article 102 by a new treaty) by offering alleged "conditional rebates and payments" that required our customers to purchase all or most of their x86 microprocessors from us. The EC also found that we violated Article 82 by making alleged "payments to prevent sales of specific rival products." The EC imposed a fine in the amount of </font><font style="font-family:Arial;font-size:9pt;color:#333333;">€1.1 billion</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> (</font><font style="font-family:Arial;font-size:9pt;color:#333333;">$1.4 billion</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> as of May 2009), which we subsequently paid during the third quarter of 2009, and ordered us to "immediately bring to an end the infringement referred to in" the EC decision.</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">The EC decision contained no specific direction on whether or how we should modify our business practices. Instead, the decision stated that we should "cease and desist" from further conduct that, in the EC's opinion, would violate applicable law. We took steps, which are subject to the EC's ongoing review, to comply with that decision pending appeal. We had discussions with the EC to better understand the decision and to explain changes to our business practices.</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">We appealed the EC decision to the Court of First Instance (which has been renamed the General Court) in July 2009. The hearing of our appeal took place in July 2012. In June 2014, the General Court rejected our appeal in its entirety. In August 2014, we filed an appeal with the European Court of Justice. In November 2014, Intervener Association for Competitive Technologies filed comments in support of Intel’s grounds of appeal. The EC and interveners filed briefs in November 2014, we filed a reply in February 2015, and the EC filed a rejoinder in April 2015. The Court of Justice held oral argument in June 2016. In October 2016, Advocate General Wahl, an advisor to the Court of Justice, issued a non-binding advisory opinion that favored Intel on a number of grounds. The Court of Justice issued its decision in September 2017, setting aside the judgment of the General Court and sending the case back to the General Court to examine whether the rebates at issue were capable of restricting competition. The General Court has appointed a panel of five judges to consider our appeal of the EC’s 2009 decision in light of the Court of Justice’s clarifications of the law. In November 2017, the parties filed initial “Observations” about the Court of Justice’s decision and the appeal, and were invited by the General Court to offer supplemental comments to each other’s “Observations,” which the parties submitted in March 2018. Pending the final decision in this matter, the fine paid by Intel has been placed by the EC in commercial bank accounts where it accrues interest.</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#0071c5;font-style:normal;font-weight:bold;text-decoration:none;">Shareholder Derivative Litigation regarding In re High Tech Employee Antitrust Litigation</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">In March 2014, the Police Retirement System of St. Louis (PRSSL) filed a shareholder derivative action in the Superior Court of California in Santa Clara County against Intel, certain current and former members of our Board of Directors, and former officers. The complaint alleges that the defendants breached their duties to the company by participating in, or allowing, purported antitrust violations that were alleged in a now-settled antitrust class action lawsuit captioned In re High Tech Employee Antitrust Litigation claiming that Intel, Adobe Systems Incorporated, Apple Inc., Google Inc., Intuit Inc., Lucasfilm Ltd., and Pixar conspired to suppress their employees’ compensation. In March 2014, a second plaintiff, Barbara Templeton, filed a substantially similar derivative suit in the same court. In May 2014, a third shareholder, Robert Achermann, filed a substantially similar derivative action in the same court. The court consolidated the three actions into one, which is captioned In re Intel Corporation Shareholder Derivative Litigation. Plaintiffs filed a consolidated complaint in July 2014. In August 2015, the court granted our motion to dismiss the consolidated complaint. The plaintiffs thereafter filed a motion for reconsideration and a motion for new trial, both of which the court denied in October 2015. In November 2015, plaintiffs PRSSL and Templeton appealed the court's decision. The appeal is fully briefed, and we are waiting on a hearing date from the appellate court.</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">In June 2015, the International Brotherhood of Electrical Workers (IBEW) filed a shareholder derivative action in the Chancery Court in Delaware against Intel, certain current and former members of our Board of Directors, and former officers. The lawsuit makes allegations substantially similar to those in the California shareholder derivative litigation described above, but additionally alleges breach of the duty of disclosure with respect to In re High Tech Employee Antitrust Litigation and that Intel's 2013 and 2014 proxy statements misrepresented the effectiveness of the Board’s oversight of compliance issues at Intel and the Board’s compliance with Intel’s Code of Conduct and Board of Director Guidelines on Significant Corporate Governance Issues. In October 2015, the court stayed the IBEW lawsuit for six months pending further developments in the California case. In March 2016, Intel and IBEW entered into a stipulated dismissal pursuant to which IBEW dismissed its complaint but may re-file upon the withdrawal or final resolution of the appeal in the PRSSL California shareholder derivative litigation.</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">In April 2016, John Esposito filed a shareholder derivative action in the Superior Court of California in Santa Clara County against Intel, current members of our Board of Directors, and certain former officers and employees. Esposito made a demand on our Board in 2013 to investigate whether our officers or directors should be sued for their participation in the events described in In re High Tech Employee Antitrust Litigation. In November 2015, our Board decided not to take further action on Esposito’s demand based on the recommendation of the Audit Committee of the Board after its investigation of relevant facts and circumstances. Esposito seeks to set aside such decision, and alleges that the Board was not disinterested in making that decision and that the investigation was inadequate. In November 2016, the court granted Intel’s motion to dismiss the case, without leave to amend. In March 2017, plaintiff filed a motion for fees. The court denied plaintiff’s fee motion in May 2017, and entered final judgment in this matter in June 2017. In August 2017, Esposito appealed the final judgment.</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#0071c5;font-style:normal;font-weight:bold;text-decoration:none;">McAfee, Inc. Shareholder Litigation</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">On August 19, 2010, we announced that we had agreed to acquire all of the common stock of McAfee, Inc. (McAfee) for </font><font style="font-family:Arial;font-size:9pt;color:#333333;">$48.00</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> per share. Four McAfee shareholders filed putative class-action lawsuits in Santa Clara County, California Superior Court challenging the proposed transaction. The cases were ordered consolidated in September 2010. Plaintiffs filed an amended complaint that named former McAfee board members, McAfee, and Intel as defendants, and alleged that the McAfee board members breached their fiduciary duties and that McAfee and Intel aided and abetted those breaches of duty. The complaint requested rescission of the merger agreement, such other equitable relief as the court may deem proper, and an award of damages in an unspecified amount. In June 2012, the plaintiffs’ damages expert asserted that the value of a McAfee share for the purposes of assessing damages should be </font><font style="font-family:Arial;font-size:9pt;color:#333333;">$62.08</font><font style="font-family:Arial;font-size:9pt;color:#333333;">.</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">In January 2012, the court certified the action as a class action, appointed the Central Pension Laborers’ Fund to act as the class representative, and scheduled trial to begin in January 2013. In March 2012, defendants filed a petition with the California Court of Appeal for a writ of mandate to reverse the class certification order; the petition was denied in June 2012. In March 2012, at defendants’ request, the court held that plaintiffs were not entitled to a jury trial and ordered a bench trial. In April 2012, plaintiffs filed a petition with the California Court of Appeal for a writ of mandate to reverse that order, which the court of appeal denied in July 2012. In August 2012, defendants filed a motion for summary judgment. The trial court granted that motion in November 2012, and entered final judgment in the case in February 2013. In April 2013, plaintiffs appealed the final judgment. The California Court of Appeal heard oral argument in October 2017, and in November 2017, affirmed the judgment as to McAfee's nine outside directors, reversed the judgment as to former McAfee director and chief executive officer David DeWalt, Intel, and McAfee, and affirmed the trial court's ruling that the plaintiffs are not entitled to a jury trial. No bench trial date has been set. Because the resolution of pretrial motions may materially impact the scope and nature of the proceeding, and because of uncertainties regarding theories that may be asserted at trial following the appellate court's remand of only certain claims in the proceeding and the extent of Intel's responsibility, if any, with respect to such claims, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, arising from this matter. We dispute the class-action claims and intend to continue to defend the lawsuit vigorously.</font></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#0071c5;font-style:normal;font-weight:bold;text-decoration:none;">Litigation related to Security Vulnerabilities</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">In June 2017, a Google research team notified us and other companies that it had identified security vulnerabilities (now commonly referred to as “Spectre” and “Meltdown”) that affect many types of microprocessors, including our products. As is standard when findings like these are presented, we worked together with other companies in the industry to verify the research and develop and validate software and firmware updates for impacted technologies. On January 3, 2018, information on the security vulnerabilities was publicly reported, before software and firmware updates to address the vulnerabilities were made widely available. Numerous lawsuits have been filed against Intel and, in certain cases, our executives and directors, in U.S. federal and state courts and in certain courts in other countries relating to the Spectre and Meltdown security vulnerabilities.</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">As of April 25, 2018, </font><font style="font-family:Arial;font-size:9pt;color:#333333;">42</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> customer class action lawsuits and </font><font style="font-family:Arial;font-size:9pt;color:#333333;">three</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> securities class action lawsuits have been filed. The customer class action plaintiffs, who purport to represent various classes of end users of our products, generally claim to have been harmed by Intel's actions and/or omissions in connection with the security vulnerabilities and assert a variety of common law and statutory claims seeking monetary damages and equitable relief. Of the customer class action lawsuits, </font><font style="font-family:Arial;font-size:9pt;color:#333333;">39</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> have been filed in the United States, </font><font style="font-family:Arial;font-size:9pt;color:#333333;">two</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> in Canada, and </font><font style="font-family:Arial;font-size:9pt;color:#333333;">one</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> in Israel. In April 2018, the United States Judicial Panel on Multidistrict Litigation ordered the U.S. customer lawsuits consolidated for pretrial proceedings in the United States District Court for the District of Oregon. The securities class action plaintiffs, who purport to represent classes of acquirers of Intel stock between July 27, 2017 and January 4, 2018, generally allege that Intel and certain officers violated securities laws by making statements about Intel's products and internal controls that were revealed to be false or misleading by the disclosure of the security vulnerabilities. Additional lawsuits and claims may be asserted on behalf of customers and shareholders seeking monetary damages or other related relief. We dispute the claims described above and intend to defend the lawsuits vigorously. Given the procedural posture and the nature of these cases, including that the proceedings are in the early stages, that alleged damages have not been specified, that uncertainty exists as to the likelihood of a class or classes being certified or the ultimate size of any class or classes if certified, and that there are significant factual and legal issues to be resolved, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, that might arise from these matters.</font></div><div style="line-height:120%;padding-bottom:20px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">In addition to these lawsuits, Intel stockholders have filed </font><font style="font-family:Arial;font-size:9pt;color:#333333;">seven</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> shareholder derivative lawsuits against certain members of our Board of Directors and certain officers. In January and April 2018, Joseph Tola, Joanne Bicknese, Michael Kellogg, and Jeffrey Lockwood each filed a shareholder derivative action in the Superior Court of the State of California in San Mateo County alleging that the defendants breached their duties to Intel in connection with the disclosure of the security vulnerabilities and the failure to take action in relation to alleged insider trading. The complaints seek to recover damages from the defendants on behalf of Intel. In March and April 2018, Joseph Lipovich, Martin Salsberg, and Margaret Birch, et al. each filed substantially similar shareholder derivative actions in the United States District Court for the Northern District of California, and all were assigned to the same judge. The </font><font style="font-family:Arial;font-size:9pt;color:#333333;font-style:italic;">Lipovich</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> and </font><font style="font-family:Arial;font-size:9pt;color:#333333;font-style:italic;">Salsberg</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> actions were consolidated, and defendants moved to dismiss those actions on the ground that plaintiffs’ failure to make a pre-lawsuit demand on the Board was not excused. The hearing on that motion is scheduled for May 2018. Defendants also filed a motion to consolidate, stay, or dismiss the </font><font style="font-family:Arial;font-size:9pt;color:#333333;font-style:italic;">Birch</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> action on the grounds that plaintiffs’ failure to make a pre-lawsuit demand on the Board was not excused, and that the lawsuit is redundant of the </font><font style="font-family:Arial;font-size:9pt;color:#333333;font-style:italic;">Lipovich</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> and </font><font style="font-family:Arial;font-size:9pt;color:#333333;font-style:italic;">Salsberg</font><font style="font-family:Arial;font-size:9pt;color:#333333;"> actions. The hearing on that motion is scheduled for June 2018. Defendants have not yet responded to the </font><font style="font-family:Arial;font-size:9pt;color:#333333;font-style:italic;">Tola</font><font style="font-family:Arial;font-size:9pt;color:#333333;">, </font><font style="font-family:Arial;font-size:9pt;color:#333333;font-style:italic;">Bicknese</font><font style="font-family:Arial;font-size:9pt;color:#333333;">, </font><font style="font-family:Arial;font-size:9pt;color:#333333;font-style:italic;">Kellogg</font><font style="font-family:Arial;font-size:9pt;color:#333333;">, or </font><font style="font-family:Arial;font-size:9pt;color:#333333;font-style:italic;">Lockwood </font><font style="font-family:Arial;font-size:9pt;color:#333333;">complaints.</font></div></div> |