Question: I need help with wording so I can submit a video of myself explaining the following. My company that I have chosen is INTEL corp.

I need help with wording so I can submit a video of myself explaining the following. My company that I have chosen is INTEL corp. I have provided the data to base my answers off of below the questions. Thank you in advance for your help.

I will need to Record a two- to three-minute video answering the following questions:

  • What are three financial facts that you have determined so far in your work in this course that you believe are critical in determining whether to recommend an investment in this company? Justify your answer.
  • At this point, do you think you will end up with a buy, hold, or sell recommendation for your chosen company? Explain your answer.

INTEL Corp
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Intel Corp (NMS: INTC)
Company Financials
Income Statement
Exchange rate used is that of the Year End reported date
As Reported Annual Income Statement
Report Date 12/30/2023 12/31/2022 12/25/2021
Currency USD USD USD
Audit Status Not Qualified Not Qualified Not Qualified
Consolidated Yes Yes Yes
Scale Millions Millions Millions
Net revenue $ 54,228 - -
Net revenue $ 54,228 $ 63,054 $ 79,024
Cost of sales $ 32,517 $ 36,188 $ 35,209
Gross margin (loss) $ 21,711 $ 26,866 $ 43,815
Research & development $ 16,046 $ 17,528 $ 15,190
Marketing, general & administrative expense $ 5,634 $ 7,002 $ 6,543
Restructuring & other charges $ (62) $ 2 $ 2,626
Asset impairment charges $ 45 - -
Employee severance and benefit arrangements $ 222 - -
Litigation charges and other $ (329) - -
Operating expenses $ 21,618 $ 24,532 $ 24,359
Operating income $ 93 $ 2,334 $ 19,456
Gains (losses) on equity investments, net $ 40 - -
Ongoing mark-to-market adjustments on marketable equity securitie $ (36) $ (787) $ (130)
Observable price adjustments on non-marketable equity securities $ 17 $ 299 $ 750
Share of equity method investee gains (losses), net $ (214) - -
Impairment charges - $ (190) $ (154)
Sale of equity investments & other gains & losses on equity investments - $ 4,946 $ 2,263
Gains (losses) on equity investments, net - $ 4,268 $ 2,729
Interest income $ 1,335 $ 589 $ 144
Interest expense $ 878 $ 496 $ 597
Other interest & income (expense), net $ 172 $ 1,073 $ (29)
Interest & other income (expense), net $ 629 $ 1,166 $ (482)
Income (loss) before income taxes - U.S. - $ (1,161) $ 9,361
Income (loss) before income taxes - Non-U.S. - $ 8,929 $ 12,342
Income (loss) before taxes $ 762 $ 7,768 $ 21,703
Current provision for taxes - federal - $ 4,106 $ 1,304
Current provision (credit) for taxes - state - $ 68 $ 75
Current provision for taxes - non-U.S. - $ 735 $ 1,198
Total current provision for taxes $ 1,096 $ 4,909 $ 2,577
Deferred provision (credit) for taxes - federal - $ (5,806) $ (863)
Deferred provision (credit) for taxes - state - $ (40) $ (25)
Other deferred provision (credit) for taxes - $ 688 $ 146
Total deferred provision (credit) for taxes $ (2,009) $ (5,158) $ (742)
Provision for (benefit from) taxes $ (913) $ (249) $ 1,835
Net income (loss) $ 1,675 $ 8,017 $ 19,868
Net income (loss) attributable to non-controlling interest $ 14 $ (3) -
Net income attributable to Intel Corp. $ 1,689 $ 8,014 -
Weighted average shares outstanding - basic 4,190 4,108 4,059
Weighted average shares outstanding - diluted 4,212 4,123 4,090
Year end shares outstanding 4,228 4,137 4,070
Earnings (loss) per share-continuing operations - basic $ 0.40 - -
Net earnings (loss) per share - basic $ 0.40 $ 1.95 $ 4.89
Net earnings (loss) per share - diluted $ 0.40 $ 1.94 $ 4.86
Dividends per common share $ 0.74 $ 1.46 $ 1.39
Full-Time Employees (Period End) 124800 - -
Total number of employees 124800 131900 121100
Number of common stockholders 97000 100835 102962
Foreign currency translation adjustments - -27 -60
Total comprehensive income attributable to Intel 2036 - -
Diluted EPS Excluding ExtraOrd Items 0.4 - -
Sale of equity investments and other 273 - -
Balance Sheet
Exchange rate used is that of the Year End reported date
As Reported Annual Balance Sheet
Report Date 12/30/2023 12/31/2022 12/25/2021
Currency USD USD USD
Audit Status Not Qualified Not Qualified Not Qualified
Consolidated Yes Yes Yes
Scale Millions Millions Millions
Cash & cash equivalents $ 7,079 $ 11,144 $ 4,827
Short-term investments $ 17,955 $ 17,194 $ 2,103
Trading assets - - $ 21,483
Accounts receivable, net $ 3,402 $ 4,133 $ 9,457
Raw materials $ 1,166 $ 1,517 $ 1,441
Work in process $ 6,203 $ 7,565 $ 6,656
Finished goods $ 3,758 $ 4,142 $ 2,679
Inventories $ 11,127 $ 13,224 $ 10,776
Assets held for sale - $ 45 $ 6,942
Other current assets $ 3,706 $ 4,667 $ 2,130
Total current assets $ 43,269 $ 50,407 $ 57,718
Land & buildings - $ 44,808 $ 40,039
Machinery & equipment $ 100,033 $ 92,711 $ 86,955
Construction in progress $ 43,442 $ 36,727 $ 21,545
Land and buildings $ 51,182 - -
Total property, plant & equipment, gross $ 194,657 $ 174,246 $ 148,539
Less: accumulated depreciation $ 98,010 $ 93,386 $ 85,294
Property, plant & equipment, net $ 96,647 $ 80,860 $ 63,245
Equity investments $ 5,829 $ 5,912 $ 6,298
Other long term investments - - $ 840
Goodwill $ 27,591 $ 27,591 $ 26,963
Identified intangible assets, net $ 4,589 $ 6,018 $ 7,270
Other long-term assets $ 13,647 $ 11,315 $ 6,072
Total assets $ 191,572 $ 182,103 $ 168,406
Short-term debt - $ 4,367 $ 4,591
Long-term debt redeemable within one year $ 2,288 - -
Accounts payable $ 8,578 $ 9,595 $ 5,747
Accrued compensation & benefits $ 3,655 $ 4,084 $ 4,535
Other accrued liabilities $ 12,425 $ 11,858 $ 12,589
Income taxes payable $ 1,107 $ 2,251 -
Other accrued liabilities - Balancing value $ 12,283 - -
Operating Lease Liabilities - Current Portion/Short-Term $ 142 - -
Total current liabilities $ 28,053 $ 32,155 $ 27,462
Senior notes - - $ 36,696
Oregon & Arizona bonds - $ 39,285 $ 999
Total senior notes & other borrowings - $ 39,285 $ 37,695
Unamortized premium/discount & issuance costs - $ (417) $ (405)
Hedge accounting fair value adjustments - $ (761) $ 811
Total long-term debt - - $ 38,101
Less: current portion of long-term debt - $ 423 $ 4,591
Debt $ 46,978 $ 37,684 $ 33,510
Contract liabilities - - $ 185
Long-term income taxes payable - $ 3,796 $ 4,305
Deferred income taxes - $ 202 $ 2,667
Other long-term liabilities $ 6,576 $ 4,980 $ 4,886
Common stock $ 4 $ 31,580 $ 28,006
Capital in excess of par value $ 36,645 - -
Accumulated net unrealized holding gain on derivatives - $ (299) $ 211
Accumulated minimum pension liability $ (193) - -
Accumulated net actuarial valuation & other pension expenses - $ (259) $ (1,114)
Accumulated net foreign currency translation adjustment $ 5 - -
Accumulated translation & other adjustments - $ (4) $ 23
Unrealized holding gains (losses) on Derivatives $ (27) - -
Accumulated other comprehensive income (loss) $ (215) $ (562) $ (880)
Retained earnings $ 69,156 $ 70,405 $ 68,265
Common Share Capital including Additional Paid in Capital - Total $ 36,649 - -
Total stockholders' equity $ 105,590 $ 101,423 $ 95,391
Non-controlling interests $ 4,375 $ 1,863 -
Total stockholders' equity $ 109,965 $ 103,286 -
Cash Flows
Exchange rate used is that of the Year End reported date
As Reported Annual Cash Flow
Report Date 12/30/2023 12/31/2022 12/25/2021
Currency USD USD USD
Audit Status Not Qualified Not Qualified Not Qualified
Consolidated Yes Yes Yes
Scale Millions Millions Millions
Cash & cash equivalents, beginning of period $ 11,144 $ 4,827 $ 5,865
Net income (loss) $ 1,675 $ 8,017 $ 19,868
Depreciation $ 7,847 $ 11,128 $ 9,953
Share-based compensation $ 3,229 $ 3,128 $ 2,036
Restructuring & other charges $ (424) $ 1,074 $ 2,626
Amortization of intangibles $ 1,755 $ 1,907 $ 1,839
Losses (gains) on equity method investments, net $ (42) - -
Losses (gains) on equity investments, net - $ (4,254) $ (1,458)
Losses (gains) on divestitures - $ (1,059) -
Accounts receivable $ 731 $ 5,327 $ (2,674)
Inventories $ 2,097 $ (2,436) $ (2,339)
Accounts payable $ (801) $ (29) $ 1,190
Accrued compensation & benefits $ (614) $ (1,533) $ 515
Customer deposits & prepaid supply agreements - - $ (1,583)
Prepaid customer supply agreements - $ (24) -
Income taxes $ (3,531) $ (4,535) $ (441)
Other assets & liabilities $ (451) $ (1,278) $ 459
Total adjustments - $ 7,416 $ 10,123
Net cash flows from operating activities $ 11,471 $ 15,433 $ 29,991
Additions to property, plant & equipment $ (25,750) $ (24,844) $ (18,733)
Additions to held for sale NAND property, plant, & equipment - $ (206) $ (1,596)
Acquisitions, net of cash acquired - - $ (209)
Purchases of available-for-sale investments - - $ (5,051)
Maturities & sales of available-for-sale debt investments - - $ 6,467
Purchase of short-term investments - $ (43,647) -
Maturities & sales of short-term investments - $ 48,730 -
Maturities & sales of available-for-sale investments $ 472 - -
Purchases of trading assets $ (44,414) - $ (35,503)
Maturities & sales of trading assets $ 44,077 - $ 28,832
Purchases of equity investments $ (399) $ (510) $ (613)
Proceeds from divestitures - $ 6,579 -
Sales of equity investments - $ 4,961 $ 581
Other investing activities $ 962 $ (1,540) $ 658
Proceeds from capital-related government incentives $ 1,011 - -
Net cash flows from investing activities $ (24,041) $ (10,477) $ (25,167)
Issuance of commercial paper, net of issuance costs - $ 3,945 -
Payments on finance leases $ (96) $ (345) -
Partner contributions $ 1,511 $ 874 -
Proceeds from Mobileye initial public offering ("IPO") - $ 1,032 -
Issuance of term debt, net of issuance costs $ 11,391 $ 6,548 $ 4,974
Repayment of term debt & debt conversions $ (423) $ (4,984) $ (2,500)
Proceeds from sales of common stock through employee equity incentive plans $ 1,042 $ 977 $ 1,020
Repurchase of common stock - - $ (2,415)
Payment of dividends to stockholders $ (3,088) $ (5,997) $ (5,644)
Other financing activities $ (847) $ (689) $ (1,297)
Repayment of commercial paper $ (3,944) - -
Proceeds from sales of subsidiary shares $ 2,959 - -
Net cash flows from financing activities $ 8,505 $ 1,361 $ (5,862)
Net increase (decrease) in cash & cash equivalents $ (4,065) $ 6,317 $ (1,038)
Cash & cash equivalents, end of period $ 7,079 $ 11,144 $ 4,827
Cash paid during the year for interest, net of capitalized interest $ 613 $ 459 $ 545
Cash paid during the year for income taxes, net of refunds $ 2,621 $ 4,282 $ 2,263

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