Intel 1996 Annual Report Download - page 46

Download and view the complete annual report

Please find page 46 of the 1996 Intel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 74

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74

Consolidated statements of stockholders' equity
Common Stock
Three years ended December 28, 1996 and capital in excess
of par value
---------------------
Number Retained
(In millions) of shares Amount earnings Total
- - ----------------------------------------------------------------------------
Balance at December 25, 1993 837 $2,194 $ 5,306 $ 7,500
Proceeds from sales of shares through
employee stock plans, tax benefit
of $61 and other 12 215 -- 215
Proceeds from sales of put warrants -- 76 -- 76
Reclassification of put warrant
obligation, net -- (15) (106) (121)
Repurchase and retirement of Common Stock (22) (164) (429) (593)
Redemption of Common Stock Purchase Rights -- -- (2) (2)
Cash dividends declared ($.115 per share) -- -- (96) (96)
Net income -- -- 2,288 2,288
------ ------ ------ -------
Balance at December 31, 1994 827 2,306 6,961 9,267
Proceeds from sales of shares through
employee stock plans, tax benefit
of $116 and other 13 310 -- 310
Proceeds from sales of put warrants -- 85 -- 85
Reclassification of put warrant
obligation, net -- 61 (42) 19
Repurchase and retirement of Common Stock (19) (179) (855) (1,034)
Cash dividends declared ($.15 per share) -- -- (124) (124)
Unrealized gain on available-for-sale
investments, net -- -- 51 51
Net income -- -- 3,566 3,566
------ ------ ------ -------
Balance at December 30, 1995 821 2,583 9,557 12,140
Proceeds from sales of shares through
employee stock plans, tax benefit
of $196 and other 17 457 -- 457
Proceeds from sales of put warrants -- 56 -- 56
Reclassification of put warrant
obligation, net -- 70 272 342
Repurchase and retirement of Common Stock (17) (269) (925) (1,194)
Cash dividends declared ($.19 per share) -- -- (156) (156)
Unrealized gain on available-for-sale
investments, net -- -- 70 70
Net income -- -- 5,157 5,157
------ ------ ------- -------
Balance at December 28, 1996 821 $2,897 $13,975 $16,872
====== ====== ======= =======
See accompanying notes.