Sign in or join
With Google
or
Join us
Didn't receive confirmation?
Resend
Thanks for registering. Please click on the confirm link in the email we just sent you.
Continue
Reset password
Resend confirmation
Post as Guest
+
Be part of the collaborative process!

Add a note by highlighting text or Replying to an existing note.

Okay
+
Be part of the collaborative process!

Add a note by highlighting text or Replying to an existing note.

Okay
Exhibit
Exhibit 99.1

Intel Corporation
2200 Mission College Blvd.
Santa Clara, CA 95054-1549
News Release


Intel Reports Third-Quarter Revenue of $14.5 Billion, Net Income of $3.1 Billion

News Highlights:
•
Quarterly revenue of $14.5 billion, above the midpoint of outlook; gross margin of 63 percent, consistent with outlook
•
Quarterly revenue approximately flat year-over-year, with growth in the data center, Internet of things (IoT) and non-volatile memory businesses offsetting lower client revenue
•
Results show customer enthusiasm for 6th Gen Intel® Core™ processors

SANTA CLARA, Calif., October 13, 2015 -- Intel Corporation today reported third-quarter revenue of $14.5 billion, operating income of $4.2 billion, net income of $3.1 billion and EPS of 64 cents. The company generated approximately $5.7 billion in cash from operations, paid dividends of $1.1 billion, and used $1.0 billion to repurchase 36 million shares of stock.

“We executed well in the third quarter and delivered solid results in a challenging economic environment,” said Brian Krzanich, Intel CEO. “The quarter demonstrates Intel innovation in action. Customers are excited about our new 6th Gen Intel Core processor, and we introduced our breakthrough 3D XPoint™ technology, the industry’s first new memory category in more than two decades."

Q3 Key Business Unit Trends
•
Client Computing Group revenue of $8.5 billion, up 13 percent sequentially and down 7 percent year-over-year
•
Data Center Group revenue of $4.1 billion, up 8 percent sequentially and up 12 percent year-over-year    
•
Internet of Things Group revenue of $581 million, up 4 percent sequentially and up 10 percent year-over-year
•
Software and services operating segments revenue of $556 million, up 4 percent sequentially and flat year-over-year








- more -
Intel/Page 2


Financial Comparison
Quarterly Year-Over-Year
 
Q3 2015
Q3 2014
vs. Q3 2014
Revenue
$14.5 billion
$14.6 billion
approx. flat
Gross Margin
63.0%
65.0%
down 2.0 points
R&D and MG&A
$4.8 billion
$4.8 billion
flat
Operating Income
$4.2 billion
$4.5 billion
down 8%
Tax Rate
26.9%
27.1%
down 0.2 point
Net Income
$3.1 billion
$3.3 billion
down 6%
Earnings Per Share
64 cents
66 cents
down 3%
Financial Comparison
Quarterly Sequential
 
Q3 2015
Q2 2015
vs. Q2 2015
Revenue
$14.5 billion
$13.2 billion
up 10%
Gross Margin
63.0%
62.5%
up 0.5 point
R&D and MG&A
$4.8 billion
$5.0 billion
down 4%
Operating Income
$4.2 billion
$2.9 billion
up 45%
Tax Rate
26.9%
9.3%
up 17.6 points
Net Income
$3.1 billion
$2.7 billion
up 15%
Earnings Per Share
64 cents
55 cents
up 16%




- more -
Intel/Page 3


Business Outlook
Intel’s Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures, strategic investments and other significant transactions that may be completed after October 13.

Q4 2015
•
Revenue: $14.8 billion, plus or minus $500 million.
•
Gross margin percentage: 62 percent, plus or minus a couple of percentage points.
•
R&D plus MG&A spending: approximately $5.0 billion.
•
Restructuring charges: approximately $25 million.
•
Amortization of acquisition-related intangibles: approximately $70 million.
•
Impact of equity investments and interest and other: approximately zero.
•
Depreciation: approximately $1.9 billion.
•
Tax rate: approximately 25 percent.
•
Full-year capital spending: $7.3 billion, plus or minus $500 million.
For additional information regarding Intel’s results and Business Outlook, please see the CFO commentary at: www.intc.com/results.cfm.

Status of Business Outlook
Intel’s Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others. The Business Outlook will be effective through the close of business on December 11 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, restructuring charges, and tax rate, will be effective only through the close of business on October 20. Intel’s Quiet Period will start from the close of business on December 11 until publication of the company’s fourth-quarter earnings release, scheduled for January 14. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company’s news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.


- more -
Intel/Page 4


Risk Factors
The above statements and any others in this release that refer to future plans and expectations are forward-looking statements that involve a number of risks and uncertainties. Words such as "anticipates," "expects," "intends," "goals," "plans," "believes," "seeks," "estimates," "continues," "may," "will," "should," and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Many factors could affect Intel's actual results, and variances from Intel's current expectations regarding such factors could cause actual results to differ materially from those expressed in these forward-looking statements. Intel presently considers the following to be important factors that could cause actual results to differ materially from the company's expectations.

•
Demand for Intel's products is highly variable and could differ from expectations due to factors including changes in business and economic conditions; consumer confidence or income levels; the introduction, availability and market acceptance of Intel's products, products used together with Intel products and competitors' products; competitive and pricing pressures, including actions taken by competitors; supply constraints and other disruptions affecting customers; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers.

•
Intel's gross margin percentage could vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; segment product mix; the timing and execution of the manufacturing ramp and associated costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources; and product manufacturing quality/yields. Variations in gross margin may also be caused by the timing of Intel product introductions and related expenses, including marketing expenses, and Intel's ability to respond quickly to technological developments and to introduce new products or incorporate new features into existing products, which may result in restructuring and asset impairment charges.
•
Intel's results could be affected by adverse economic, social, political and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns and fluctuations in currency exchange rates. Results may also be affected by the formal or informal imposition by countries of new or revised export and/or import and doing-business regulations, which could be changed without prior notice.

•
Intel operates in highly competitive industries and its operations have high costs that are either fixed or difficult to reduce in the short term.

•
The amount, timing and execution of Intel's stock repurchase program could be affected by changes in Intel's priorities for the use of cash, such as operational spending, capital spending, acquisitions, and as a result of changes to Intel's cash flows or changes in tax laws.

•
Intel's expected tax rate is based on current tax law and current expected income and may be affected by the jurisdictions in which profits are determined to be earned and taxed; changes in the estimates of credits, benefits and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets.
 

- more -
Intel/Page 5


•
Gains or losses from equity securities and interest and other could vary from expectations depending on gains or losses on the sale, exchange, change in the fair value or impairments of debt and equity investments, interest rates, cash balances, and changes in fair value of derivative instruments.

•
Product defects or errata (deviations from published specifications) may adversely impact our expenses, revenues and reputation.

•
Intel's results could be affected by litigation or regulatory matters involving intellectual property, stockholder, consumer, antitrust, disclosure and other issues. An unfavorable ruling could include monetary damages or an injunction prohibiting Intel from manufacturing or selling one or more products, precluding particular business practices, impacting Intel's ability to design its products, or requiring other remedies such as compulsory licensing of intellectual property.

•
Intel's results may be affected by the timing of closing of acquisitions, divestitures and other significant transactions. In addition, risks associated with our pending acquisition of Altera are described in the “Forward Looking Statements” paragraph of Intel’s press release dated June 1, 2015, which risk factors are incorporated by reference herein.

A detailed discussion of these and other factors that could affect Intel's results is included in Intel's SEC filings, including the company's most recent reports on Forms 10-K and 10-Q.

- more -
Intel/Page 6




Earnings Webcast
Intel will hold a public webcast at 2 p.m. PDT today on its Investor Relations website at www.intc.com. A webcast replay and MP3 download will also be available on the site.

Intel plans to report its earnings for the fourth quarter of 2015 on January 14. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, Intel CFO and executive vice president, at www.intc.com/results.cfm. A public webcast of Intel’s earnings conference call will follow at 2 p.m. PDT at www.intc.com.

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. As a leader in corporate responsibility and sustainability, Intel also manufactures the world's first commercially available "conflict-free" microprocessors. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com and about Intel's conflict-free efforts at conflictfree.intel.com.






Intel, the Intel logo, Core, Ultrabook and 3D XPoint are trademarks of Intel Corporation in the United States and other countries.
*Other names and brands may be claimed as the property of others.



- more -
Intel/Page 7


INTEL CORPORATION
CONSOLIDATED SUMMARY STATEMENT OF INCOME DATA
(In millions, except per share amounts)

 
 
Three Months Ended
 
Nine Months Ended
 
 
Sep 26,
2015
 
Sep 27,
2014
 
Sep 26,
2015
 
Sep 27,
2014
NET REVENUE
 
$
14,465

 
$
14,554

 
$
40,441

 
$
41,149

Cost of sales
 
5,354

 
5,096

 
15,352

 
15,161

GROSS MARGIN
 
9,111

 
9,458

 
25,089

 
25,988

 
 
 
 
 
 
 
 
 
Research and development
 
2,927

 
2,842

 
9,009

 
8,547

Marketing, general and administrative
 
1,910

 
1,979

 
5,812

 
6,087

R&D AND MG&A
 
4,837

 
4,821

 
14,821

 
14,634

Restructuring and asset impairment charges
 
14

 
20

 
367

 
238

Amortization of acquisition-related intangibles
 
68

 
77

 
198

 
222

OPERATING EXPENSES
 
4,919

 
4,918

 
15,386

 
15,094

OPERATING INCOME
 
4,192

 
4,540

 
9,703

 
10,894

Gains (losses) on equity investments, net
 
165

 
35

 
297

 
178

Interest and other, net
 
(104
)
 
(25
)
 
(91
)
 
70

INCOME BEFORE TAXES
 
4,253

 
4,550

 
9,909

 
11,142

Provision for taxes
 
1,144

 
1,233

 
2,102

 
3,099

NET INCOME
 
$
3,109

 
$
3,317

 
$
7,807

 
$
8,043

 
 
 
 
 
 
 
 
 
BASIC EARNINGS PER SHARE OF COMMON STOCK
 
$
0.65

 
$
0.68

 
$
1.64

 
$
1.63

DILUTED EARNINGS PER SHARE OF COMMON STOCK
 
$
0.64

 
$
0.66

 
$
1.59

 
$
1.58

 
 
 
 
 
 
 
 
 
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING:
 
 
 
 
 
 
 
 
BASIC
 
4,747

 
4,880

 
4,749

 
4,945

DILUTED
 
4,876

 
5,045

 
4,900

 
5,095



- more -
Intel/Page 8


INTEL CORPORATION
CONSOLIDATED SUMMARY BALANCE SHEET DATA
(In millions)
 
 
Sep 26,
2015
 
Jun 27,
2015
 
Dec 27,
2014
CURRENT ASSETS
 
 
 
 
 
 
Cash and cash equivalents
 
$
7,065

 
$
4,454

 
$
2,561

Short-term investments
 
7,119

 
2,606

 
2,430

Trading assets
 
6,659

 
6,810

 
9,063

Accounts receivable, net
 
4,101

 
3,860

 
4,427

Inventories
 
 
 
 
 
 
Raw materials
 
557

 
490

 
462

Work in process
 
2,690

 
2,668

 
2,375

Finished goods
 
1,718

 
1,660

 
1,436

 
 
4,965

 
4,818

 
4,273

Deferred tax assets
 
1,992

 
1,895

 
1,958

Other current assets
 
4,304

 
2,267

 
3,018

TOTAL CURRENT ASSETS
 
36,205

 
26,710

 
27,730

 
 
 
 
 
 
 
Property, plant and equipment, net
 
31,597

 
32,683

 
33,238

Marketable equity securities
 
5,618

 
7,208

 
7,097

Other long-term investments
 
1,829

 
1,727

 
2,023

Goodwill
 
11,026

 
11,037

 
10,861

Identified intangible assets, net
 
4,022

 
4,226

 
4,446

Other long-term assets
 
8,255

 
6,847

 
6,505

TOTAL ASSETS
 
$
98,552

 
$
90,438

 
$
91,900

 
 
 
 
 
 
 
CURRENT LIABILITIES
 
 
 
 
 
 
Short-term debt
 
$
1,129

 
$
1,110

 
$
1,596

Accounts payable
 
2,449

 
2,359

 
2,748

Accrued compensation and benefits
 
2,732

 
2,572

 
3,475

Accrued advertising
 
1,028

 
1,021

 
1,092

Deferred income
 
2,160

 
2,082

 
2,205

Other accrued liabilities
 
5,582

 
4,377

 
4,895

TOTAL CURRENT LIABILITIES
 
15,080

 
13,521

 
16,011

 
 
 
 
 
 
 
Long-term debt
 
20,059

 
12,070

 
12,059

Long-term deferred tax liabilities
 
2,502

 
3,251

 
3,775

Other long-term liabilities
 
2,909

 
2,996

 
3,278

 
 
 
 
 
 
 
TEMPORARY EQUITY
 
905

 
905

 
912

 
 
 
 
 
 
 
Stockholders' equity
 
 
 
 
 
 
Preferred Stock
 
—

 
—

 
—

Common stock and capital in excess of par value
 
23,001

 
22,625

 
21,781

Accumulated other comprehensive income (loss)
 
(335
)
 
645

 
666

Retained Earnings
 
34,431

 
34,425

 
33,418

TOTAL STOCKHOLDERS' EQUITY
 
57,097

 
57,695

 
55,865

TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY
 
$
98,552

 
$
90,438

 
$
91,900


- more -
Intel/Page 9


INTEL CORPORATION
SUPPLEMENTAL FINANCIAL AND OTHER INFORMATION
(In millions)
 
 
Q3 2015
 
Q2 2015
 
Q3 2014
CASH INVESTMENTS:
 
 
 
 
 
 
Cash and short-term investments
 
$
14,184

 
$
7,060

 
$
6,594

Trading assets
 
6,659

 
6,810

 
9,000

Total cash investments
 
$
20,843

 
$
13,870

 
$
15,594

 
 
 
 
 
 
 
CURRENT DEFERRED INCOME:
 
 
 
 
 
 
Deferred income on shipments of components to distributors
 
$
918

 
$
853

 
$
992

Deferred income from software and services
 
1,242

 
1,229

 
1,197

Total current deferred income
 
$
2,160

 
$
2,082

 
$
2,189

 
 
 
 
 
 
 
SELECTED CASH FLOW INFORMATION:
 
 
 
 
 
 
Depreciation
 
$
2,060

 
$
1,977

 
$
1,891

Share-based compensation
 
$
309

 
$
332

 
$
281

Amortization of intangibles
 
$
215

 
$
214

 
$
307

Additions to property, plant and equipment
 
$
(1,206
)
 
$
(1,767
)
 
$
(2,445
)
Acquisitions, net of cash acquired
 
$
(14
)
 
$
(467
)
 
$
(56
)
Investments in non-marketable equity investments
 
$
(340
)
 
$
(280
)
 
$
(215
)
Equity investment in Tsinghua Unigroup Ltd.
 
$
(966
)
 
$
—

 
$
—

Repurchase of common stock
 
$
(1,029
)
 
$
(697
)
 
$
(4,166
)
Proceeds from sales of common stock to employees & excess tax benefit
 
$
228

 
$
244

 
$
605

Issuance of long-term debt, net of issuance costs
 
$
7,986

 
$
—

 
$
—

Payment of dividends to stockholders
 
$
(1,140
)
 
$
(1,146
)
 
$
(1,095
)
 
 
 
 
 
 
 
EARNINGS PER SHARE OF COMMON STOCK INFORMATION:
 
 
 
 
 
 
Weighted average shares of common stock outstanding - basic
 
4,747

 
4,759

 
4,880

Dilutive effect of employee equity incentive plans
 
48

 
62

 
76

Dilutive effect of convertible debt
 
81

 
88

 
89

Weighted average shares of common stock outstanding - diluted
 
4,876

 
4,909

 
5,045

 
 
 
 
 
 
 
STOCK BUYBACK:
 
 
 
 
 
 
Shares repurchased1
 
35

 
24

 
119

Cumulative shares repurchased (in billions)
 
4.8

 
4.7

 
4.6

Remaining dollars authorized for buyback (in billions)
 
$
9.9

 
$
10.9

 
$
16.4

 
 
 
 
 
 
 
OTHER INFORMATION:
 
 
 
 
 
 
Employees (in thousands)
 
106.5

 
106.7

 
105.6


1 Shares repurchased in Q3 2015 and Q2 2015 included a small portion paid for in cash during the subsequent quarter.

- more -
Intel/Page 10


INTEL CORPORATION
SUPPLEMENTAL OPERATING SEGMENT RESULTS
(In millions)
 
 
Three Months Ended
 
Nine Months Ended
 
 
Sep 26,
2015
 
Sep 27,
2014
 
Sep 26,
2015
 
Sep 27,
2014
Net Revenue
 
 
 
 
 
 
 
 
Client Computing Group
 
 
 
 
 
 
 
 
Platform
 
$
8,089

 
$
8,749

 
$
22,262

 
$
24,744

Other
 
417

 
442

 
1,201

 
1,262

 
 
8,506

 
9,191

 
23,463

 
26,006

Data Center Group
 
 
 
 
 
 
 
 
Platform
 
3,863

 
3,439

 
10,861

 
9,543

Other
 
277

 
261

 
808

 
753

 
 
4,140

 
3,700

 
11,669

 
10,296

Internet of Things Group
 
 
 
 
 
 
 
 
Platform
 
501

 
456

 
1,450

 
1,320

Other
 
80

 
74

 
223

 
231

 
 
581

 
530

 
1,673

 
1,551

 
 
 
 
 
 
 
 
 
Software and services operating segments
 
556

 
558

 
1,624

 
1,659

All other
 
682

 
575

 
2,012

 
1,637

TOTAL NET REVENUE
 
$
14,465

 
$
14,554

 
$
40,441

 
$
41,149

 
 
 
 
 
 
 
 
 
Operating income (loss)
 
 
 
 
 
 
 
 
Client Computing Group
 
$
2,433

 
$
3,053

 
$
5,445

 
$
7,486

Data Center Group
 
2,127

 
1,946

 
5,671

 
5,124

Internet of Things Group
 
151

 
145

 
383

 
406

Software and services operating segments
 
102

 
29

 
119

 
56

All other
 
(621
)
 
(633
)
 
(1,915
)
 
(2,178
)
TOTAL OPERATING INCOME
 
$
4,192

 
$
4,540

 
$
9,703

 
$
10,894

During the first quarter of 2015, we combined the PC Client Group and Mobile and Communications Group to create the Client Computing Group (CCG). This change in our organizational structure reflects our strategy to address all aspects of the client computing market segment and utilize our intellectual property to offer compelling customer solutions. All prior-period amounts have been retrospectively adjusted to reflect the way we internally manage and monitor segment performance starting in fiscal year 2015 and includes other minor reorganizations.
Our operating segment results shown above are comprised of the following:
•
Client Computing Group: Includes platforms designed for the notebook (including Ultrabook™ devices), 2 in 1 systems, the desktop (including all-in-ones and high-end enthusiast PCs), tablets, and smartphones; wireless and wired connectivity products; as well as mobile communication components.
•
Data Center Group: Includes server, network, and storage platforms designed for enterprise, cloud, communications infrastructure, and technical computing segments.
•
Internet of Things Group: Includes platforms designed for embedded market segments including retail, transportation, industrial, and buildings and home, along with a broad range of other market segments.
•
Software and services operating segments: Includes software and hardware products for endpoint security, network and content security, risk and compliance, and consumer and mobile security from our McAfee business, and software products and services that promote Intel architecture as the platform of choice for software development.
•
All other category includes revenue, expenses, and charges such as:
◦
results of operations from our Non-Volatile Memory Solutions Group and New Devices Group;
◦
amounts included within restructuring and asset impairment charges;
◦
a portion of profit-dependent compensation and other expenses not allocated to the operating segments;
◦
divested businesses for which discrete operating results are not regularly reviewed by our CODM;
◦
results of operations of start-up businesses that support our initiatives, including our foundry business; and
◦
acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill.

A substantial majority of our revenue is generated from the sale of platforms. Platforms incorporate various components and technologies, including a microprocessor and chipset, a stand-alone SoC, or a multichip package. Our remaining primary product lines are incorporated in "other."

- more -
Intel/Page 11


INTEL CORPORATION
SUPPLEMENTAL PLATFORM REVENUE INFORMATION
 
 
Q3 2015
 
Q3 2015
 
Q3 YTD 2015
 
 
compared to Q2 2015
 
compared to Q3 2014
 
compared to Q3 YTD 2014
Client Computing Group Platform
 
 
 
 
 
 
Unit Volumes
 
3%
 
(19)%
 
(9)%
Average Selling Prices
 
9%
 
15%
 
—%
 
 
 
 
 
 
 
Data Center Group Platform
 
 
 
 
 
 
Unit Volumes
 
7%
 
6%
 
9%
Average Selling Prices
 
1%
 
6%
 
5%

Client Computing Group Notebook, Desktop and Tablet Platform Key Drivers                        
Q3 2015 compared to Q3 2014:
- Notebook platform volumes decreased 14%
- Notebook platform average selling prices increased 4%
- Desktop platform volumes decreased 15%
- Desktop platform average selling prices increased 8%
- Tablet platform volumes of 8 million units decreased 39%
First nine months of 2015 compared to the first nine months of 2014:
- Notebook platform volumes decreased 8%
- Desktop platform volumes decreased 18%
- Desktop platform average selling prices increased 6%
- Tablet platform volumes of 26 million units decreased 7%

- more -
Intel/Page 12


INTEL CORPORATION
EXPLANATION OF NON-GAAP MEASURES

In addition to disclosing financial results in accordance with United States (U.S.) generally accepted accounting principles (GAAP), the accompanying Q3 2015 earnings conference contains references to non-GAAP financial measures of gross cash, net cash and other longer term investments, which are used by management when assessing our sources of liquidity and capital resources. We believe these non-GAAP financial measures are helpful to investors in understanding our capital structure and how we manage our resources. These non-GAAP financial measures 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 from these results should be carefully evaluated.


SUPPLEMENTAL RECONCILIATIONS OF GAAP TO NON-GAAP RESULTS
 
 
Sep 26,
2015
 
Jun 27,
2015
 
Dec 27,
2014
 
 
 
 
 
 
 
GAAP CASH AND CASH EQUIVALENTS
 
$
7,065

 
$
4,454

 
$
2,561

Short-term investments
 
7,119

 
2,606

 
2,430

Trading assets
 
6,659

 
6,810

 
9,063

Total cash investments
 
$
20,843

 
$
13,870

 
$
14,054

 
 
 
 
 
 
 
GAAP OTHER LONG-TERM INVESTMENTS
 
$
1,829

 
$
1,727

 
$
2,023

Loans receivable and other
 
1,191

 
1,202

 
1,335

Reverse repurchase agreements with original maturities greater than approximately three months
 
2,650

 
450

 
450

NON-GAAP OTHER LONGER TERM INVESTMENTS
 
$
5,670

 
$
3,379

 
$
3,808

NON-GAAP GROSS CASH
 
$
26,513

 
$
17,249

 
$
17,862

 
 
 
 
 
 
 
 
 
Sep 26,
2015
 
Jun 27,
2015
 
Dec 27,
2014
 
 
 
 
 
 
 
GAAP CASH AND CASH EQUIVALENTS
 
$
7,065

 
$
4,454

 
$
2,561

Short-term investments
 
7,119

 
2,606

 
2,430

Trading assets
 
6,659

 
6,810

 
9,063

Total cash investments
 
$
20,843

 
$
13,870

 
$
14,054

Short-term debt
 
(1,129
)
 
(1,110
)
 
(1,596
)
Unsettled trade liabilities and other
 
(200
)
 
(418
)
 
(77
)
Long-term debt
 
(20,059
)
 
(12,070
)
 
(12,059
)
NON-GAAP NET CASH (excluding other longer term investments)
 
$
(545
)
 
$
272

 
$
322

 
 
 
 
 
 
 
GAAP OTHER LONG-TERM INVESTMENTS
 
$
1,829

 
$
1,727

 
$
2,023

Loans receivable and other
 
1,191

 
1,202

 
1,335

Reverse repurchase agreements with original maturities greater than approximately three months
 
2,650

 
450

 
450

NON-GAAP OTHER LONGER TERM INVESTMENTS
 
$
5,670

 
$
3,379

 
$
3,808

NON-GAAP NET CASH (including other longer term investments)
 
$
5,125

 
$
3,651

 
$
4,130


Embed by copying and pasting the code into your site
Close
The content provided on Two Margins is for information purposes only and does not constitute investment and/or legal advice. Crypto currencies are highly volatile, risky assets and no information on this site, whether generated by Two Margins or external contributors, is a substitute for your own research. Full Risk Disclosure and Disclaimer here.