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Table of Contents
INTEL CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
See accompanying notes.
50
Three Years Ended December 26, 2009
(In Millions, Except Per Share Amounts)
2009
2008
2007
Net revenue
$
35,127
$
37,586
$
38,334
Cost of sales
15,566
16,742
18,430
Gross margin
19,561
20,844
19,904
Research and development
5,653
5,722
5,755
Marketing, general and administrative
7,931
5,452
5,401
Restructuring and asset impairment charges
231
710
516
Amortization of acquisition
-
related intangibles
35
6
16
Operating expenses
13,850
11,890
11,688
Operating income
5,711
8,954
8,216
Gains (losses) on equity method investments, net
(147
)
(1,380
)
3
Gains (losses) on other equity investments, net
(23
)
(376
)
154
Interest and other, net
163
488
793
Income before taxes
5,704
7,686
9,166
Provision for taxes
1,335
2,394
2,190
Net income
$
4,369
$
5,292
$
6,976
Basic earnings per common share
$
0.79
$
0.93
$
1.20
Diluted earnings per common share
$
0.77
$
0.92
$
1.18
Weighted average common shares outstanding:
Basic
5,557
5,663
5,816
Diluted
5,645
5,748
5,936