Asset condition analysis
Intel’s total assets were $191.6 billion and $182.1 billion at December 30, 2023 and December 31, 2022, respectively.
Property, plant , and equipment, net were $96.6 billion and $80.9 billion as of December 30, 2023 and December 31, 2022, respectively.
Property, plant, and equipment, net accounted for 50.4% of total assets.
Goodwill was $27.6 billion as of December 30, 2023, consisting of 14.4% of total assets.
Total current asset were $43.3 billion as of December 30, 2023, making up 22.6% of total assets.
Total current liabilities were $28 billion as of December 30, 2023.
The current ratio was 1.55 times for 2023.
The debt ratio was 42.6% for 2023.
Profitability analysis
Net revenue was $54.2 billion, $63 billion and $79 billion in 2023, 2022 and 2021, respectively.
Net income was $1.68 billion, $8 billion and $19.9 billion in 2023, 2022 and 2021, respectively.
Intel ‘s net revenue has decreased as fixed assets have increased, which lead to operating efficiency in decline.
Cash flow analysis
Net cash provided by operating activities was $11.5 billion, $15.4 billion and $29.4 billion in 2023, 2022 and 2021, respectively.
Additions of property, plant, and equipment were $25.75 billion, $24.8 billion and $18.7 billion in 2023, 2022 and 2021, respectively.
Payment of dividends to stockholders was $3 billion, $6 billion and $5.6 billion in 2023, 2022 and 2021, respectively.
Capital expenditure is very huge, and cash flow is insufficient to support capital expenditure and cash dividends.
Intel’s operating results for Q1 2024.
Intel’s net revenue was up $1 billion or 8.5 % to $12.7 billion in the three months ended March 30, 2024, compared with $11.7 billion in the three months ended April 1, 2023.
Gross profit margin was 41% and 34% in Q1 2024 and Q1 2023, respectively.
Net loss was $437 million and $2.77 billion in Q1 2024 and Q1 2023, respectively.
Net cash provided by operating activities was -$1.2 billion and -$1.79 billion for Q1 2024 and Q1 2023, respectively.
Payment of dividends to shareholders was $529 million and $1.5 billion in Q1 2024 and Q1 2023, respectively.
Conclusion
If you look at Intel’s financial statements, you will be very desperate.
Intel ‘s net revenue has decreased as fixed assets have increased, which lead to operating efficiency in decline.
Capital expenditure is very huge, and cash flow is insufficient to support capital expenditure and cash dividends.
The amount of cash dividends may be reduced in the future.
We don’t see Intel’s investment value.
Disclaimer: The content is for reference only and does not constitute investment advice.
