Intel 10-Q 2022-10-01
Filed 2022-10-28. 1 sections, 243K characters. Original on sec.gov · Markdown · JSON
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
| ☑ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | ||||||||||
| For the quarterly period ended | October 1, 2022 |
or
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||||||
| For the transition period from to |
Commission File Number 000-06217

INTEL CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 94-1672743 | |||||||||||||
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||||||||
| 2200 Mission College Boulevard, | Santa Clara, | California | 95054-1549 | |||||||||||
| (Address of principal executive offices) | (Zip Code) |
(408) 765-8080
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Common stock, $0.001 par value | INTC | Nasdaq Global Select Market |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
| Large Accelerated Filer | Accelerated filer | Non-accelerated filer | Smaller reporting company | Emerging growth company | |||||||||||||||||||
| ☑ | ¨ | ¨ | ☐ | ☐ | |||||||||||||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑
As of October 1, 2022, the registrant had outstanding 4,127 million shares of common stock.
Table of Contents
The Organization of Our Quarterly Report on Form 10-Q
The order and presentation of content in our Form 10-Q differs from the traditional SEC Form 10-Q format. Our format is designed to improve readability and better present how we organize and manage our business. See "Form 10-Q Cross-Reference Index" within Other Key Information for a cross-reference index to the traditional SEC Form 10-Q format.
We have defined certain terms and abbreviations used throughout our Form 10-Q in "Key Terms" within Consolidated Condensed Financial Statements and Supplemental Details.
The preparation of our Consolidated Condensed Financial Statements is in conformity with U.S. GAAP. Our Form 10-Q includes key metrics that we use to measure our business, some of which are non-GAAP measures. See "Non-GAAP Financial Measures" within MD&A for an explanation of these measures and why management uses them and believes they provide investors with useful supplemental information.
| Page | |||||||||||
| Forward-Looking Statements | 1 | ||||||||||
| A Quarter in Review | 2 | ||||||||||
| Consolidated Condensed Financial Statements and Supplemental Details | |||||||||||
| Consolidated Condensed Statements of Income | 3 | ||||||||||
| Consolidated Condensed Statements of Comprehensive Income | 4 | ||||||||||
| Consolidated Condensed Balance Sheets | 5 | ||||||||||
| Consolidated Condensed Statements of Cash Flows | 6 | ||||||||||
| Consolidated Condensed Statements of Stockholders' Equity | 7 | ||||||||||
| Notes to Consolidated Condensed Financial Statements | 8 | ||||||||||
| Key Terms | 23 | ||||||||||
| Management's Discussion and Analysis | |||||||||||
| Segment Trends and Results | 24 | ||||||||||
| Consolidated Results of Operations | 33 | ||||||||||
| Liquidity and Capital Resources | 38 | ||||||||||
| Non-GAAP Financial Measures | 40 | ||||||||||
| Other Key Information | |||||||||||
| Quantitative and Qualitative Disclosures about Market Risk | 43 | ||||||||||
| Risk Factors | 43 | ||||||||||
| Controls and Procedures | 43 | ||||||||||
| Issuer Purchases of Equity Securities | 43 | ||||||||||
| Disclosure Pursuant to Section 13(r) of the Secur |
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