Intel 1994 Annual Report Download - page 11

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ITEM 6. SELECTED FINANCIAL DATA
Reference is made to the information regarding selected financial data for the fiscal years 1990 through 1994, including the related footnotes,
under the heading "Financial Summary" on page 28 of the Registrant's Annual Report to Stockholders, which information is hereby
incorporated by reference.
In addition, the ratios of earnings to fixed charges for each of the five years in the period ended December 31, 1994 are as follows:
Fiscal Year
1990 1991 1992 1993 1994
9.2x 12.4x 20.7x 54.4x 39.5x
Fixed charges consist of interest expense and the estimated interest component of rent expense.
PAGE 15
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Reference is made to the information appearing under the heading "Management's Discussion and Analysis of Financial Condition and Results
of Operations" on pages 29 through 31 of the Registrant's 1994 Annual Report to Stockholders, which information is hereby incorporated by
reference.
Subsequent to December 31, 1994, Intel repurchased 2.0 million shares of Common Stock under the Company's authorized stock repurchase
program at a cost of $150 million. The Company also sold 3.5 million put warrants, receiving proceeds of $16 million, while 3.0 million
previously outstanding put warrants expired. As of March 22, 1995, the Company had the potential obligation to repurchase 13.0 million shares
of Common Stock at an aggregate price of $821 million under outstanding put warrants. After reserving shares to cover these outstanding put
warrants, 15.4 million shares remained available under the stock repurchase program authorization.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Consolidated financial statements of Intel Corporation at December 31, 1994 and December 25, 1993 and for each of the three years in the
period ended December 31, 1994 and the Report of Independent Auditors thereon and Intel Corporation's unaudited quarterly financial data for
the two-year period ended December 31, 1994 are incorporated by reference from the Registrant's 1994 Annual Report to Stockholders, on
pages 14 through 31.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
Not applicable.
PAGE 16
PART III
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
Reference is made to the information regarding Directors and Executive Officers appearing under the headings "Election of Directors" and
"Name and Principal Occupation" on pages 1 through 3 of the Registrant's Proxy Statement dated March 14, 1995, which information is hereby
incorporated by reference, and to the information under the heading "Executive Officers" in Part I hereof.
ITEM 11. EXECUTIVE COMPENSATION
Reference is made to the information appearing under the headings "Executive Compensation," "Directors' Compensation," and "Compensation
Committee Interlocks and Insider Participation," on pages 8 through 11 of the Registrant's Proxy Statement dated March 14, 1995, which
information is hereby incorporated by reference.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Reference is made to information appearing in the Registrant's Proxy Statement dated March 14, 1995, under the heading "Security Ownership
of Certain Beneficial Owners and Management," on pages 13 and 14, which information is hereby incorporated by reference.