Intel Reports Second-Quarter Results

In addition to disclosing financial results calculated in accordance with United States (U.S.) generally accepted accounting principles (GAAP), this earnings release contains non-GAAP financial measures that exclude the charge incurred as a result of the European Commission (EC) fine in the amount of €1.06 billion, or about $1.45 billion. In this earnings release the expense associated with the fine is presented separately within operating expenses in the second quarter of 2009. The non-GAAP financial measures disclosed by the company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. Management believes the non-GAAP financial measures are appropriate for both its own assessment of, and to show the reader, how our performance compares to other periods. Set forth below are reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.

       
For additional information regarding these non-GAAP financial measures, see the Form 8-K dated July 14, 2009 that Intel has filed with the Securities and Exchange Commission.
 
INTEL CORPORATION
SUPPLEMENTAL RECONCILIATIONS OF GAAP TO NON-GAAP RESULTS
OPERATING INCOME, NET INCOME, AND EARNINGS PER COMMON SHARE;
EXCLUDING EUROPEAN COMMISSION FINE
(In millions, except per-share amounts)
 
Three Months Ended Six Months Ended
June 27, June 28, June 27, June 28,
2009 2008 2009 2008
 
GAAP OPERATING INCOME (LOSS) $ (12 ) $ 2,255 $ 635 $ 4,317
Adjustment for EC fine   1,447     -   1,447   -
OPERATING INCOME EXCLUDING EC FINE $ 1,435 $ 2,255 $ 2,082 $ 4,317
 
GAAP NET INCOME (LOSS) $ (398 ) $ 1,601 $ 231 $ 3,044
Adjustment for EC fine   1,447     -   1,447   -
NET INCOME EXCLUDING EC FINE $ 1,049 $ 1,601 $ 1,678 $ 3,044
 
GAAP DILUTED EARNINGS (LOSS) PER COMMON SHARE $ (0.07 ) $ 0.28 $ 0.04 $ 0.52
Adjustment for EC fine   0.25     -   0.26   -
DILUTED EARNINGS PER COMMON SHARE EXCLUDING EC FINE $ 0.18

(1)

$ 0.28 $ 0.30 $ 0.52
 
 
(1) Calculated based on common shares of 5,678 for three months ended June 27, 2009, which is the number of common shares that would have been used in the calculation of diluted earnings per common share if the Company had GAAP net income.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
Featured Video
Jobs
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Principal Engineer FPGA Design for Intevac at Santa Clara, CA
SOC Logic Design Engineer for Global Foundaries at Santa Clara, CA
Technical Support Engineer for EDA Careers at Freemont, CA
ASIC FPGA Verification Engineer for General Dynamics Mission Systems at Bloomington, MN
Sr. Staff Design SSD ASIC Engineer for Toshiba America Electronic Components. Inc. at San Jose, CA
Upcoming Events
DVCon 2017 Conference at DoubleTree Hotel San Jose CA - Feb 27 - 2, 2017
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy