8-KEarnings & Results

INTEL CORP 8-K Report, Financial Results (Jan 15, 2015)

Filed January 15, 2015For Securities:INTC

Summary

Intel Corporation (INTC) filed an 8-K on January 15, 2015, to report its financial results for the quarter ended December 27, 2014, and to provide forward-looking statements for the first quarter of 2015. The filing primarily incorporates by reference two exhibits: Exhibit 99.1, which contains GAAP financial information and reconciliations to non-GAAP financial measures (such as gross cash, net cash, and other longer-term investments), and Exhibit 99.2, which includes financial commentary from the CFO and forward-looking statements for 2015. Investors should note that while non-GAAP measures are provided for additional context, they are not a substitute for GAAP results. The company emphasizes that these non-GAAP measures are used by management to provide useful insights into financial performance, but investors are advised to carefully evaluate both GAAP and non-GAAP figures and their reconciliations. The forward-looking statements included in the exhibits offer management's outlook on the upcoming periods.

Key Highlights

  • 1Intel reported financial results for the fourth quarter and full fiscal year ended December 27, 2014.
  • 2The filing includes forward-looking statements for the first quarter of 2015 and the full fiscal year 2015.
  • 3Financial information is presented in accordance with U.S. Generally Accepted Accounting Principles (GAAP).
  • 4The company provided reconciliations for non-GAAP financial measures, including gross cash, net cash, and other longer-term investments.
  • 5These non-GAAP measures are presented to offer additional useful information for investors, as used by management.
  • 6Investors are cautioned that non-GAAP measures should not replace or be considered superior to GAAP financial measures.
  • 7The information provided in this report is incorporated by reference from press releases and investor website postings.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report Intel's financial results for the quarter ended December 27, 2014, and to share forward-looking financial guidance for the first quarter of 2015. It also incorporates financial commentary and outlook from the company's CFO.

Intel provides financial results calculated in accordance with U.S. Generally Accepted Accounting Principles (GAAP). Additionally, the company includes non-GAAP financial measures, such as gross cash, net cash, and other longer-term investments, along with reconciliations explaining how these are derived from GAAP figures.

Investors should view non-GAAP financial measures as supplementary information that management finds useful for understanding performance. However, these measures are not a substitute for, nor should they be considered superior to, the financial results calculated in accordance with GAAP. Investors are advised to carefully evaluate both GAAP and non-GAAP figures and their reconciliations.

The detailed financial results, reconciliations to non-GAAP measures, commentary from the CFO, and forward-looking statements are provided in Exhibit 99.1 and Exhibit 99.2, which are incorporated by reference into this 8-K filing. These exhibits were made available via press release and Intel's investor website (intc.com) on January 15, 2015.