|
|
|
Twelve Months Ended |
|
(In Millions) |
|
Dec 25, 2021 |
|
GAAP cash from operations |
|
$ 29,991 |
|
Additions to property, plant and equipment |
|
(18,733) |
|
Free cash flow |
|
$ 11,258 |
|
GAAP cash used for investing activities |
|
$ (25,167) |
|
GAAP cash provided by (used for) financing activities |
|
$ (5,862) |
Intel Corporation
Supplemental Reconciliations of GAAP Outlook to Non-GAAP Outlook
Set forth below are reconciliations of the non-GAAP financial measure to the most directly comparable U.S. GAAP financial measure. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with U.S. GAAP, and the financial outlook prepared in accordance with U.S. GAAP and the reconciliations from this Business Outlook should be carefully evaluated.
Please refer to "Explanation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable U.S. GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors.
|
(In Billions, Except Per Share Amounts) |
|
Q1 2022 Outlook |
|
|
|
Approximately |
|
GAAP gross margin |
|
49.4 % |
|
Amortization of acquisition-related intangible assets |
|
1.9 % |
|
Share-based compensation |
|
0.6 % |
|
Non-GAAP gross margin |
|
52.0 % |
|
|
|
|
|
GAAP tax rate |
|
25 % |
|
Income tax effects |
|
(10) % |
|
Non-GAAP tax rate |
|
15 % |
|
|
|
|
|
GAAP earnings per share—diluted |
|
$ 0.70 |
|
Acquisition-related adjustments |
|
0.10 |
|
Share-based compensation |
|
0.18 |
|
(Gains) losses from divestiture |
|
(0.25) |
|
(Gains) losses on equity investments, net |
|
(0.02) |
|
Income tax effects |
|
0.09 |
|
Non-GAAP earnings per share—diluted |
|
$ 0.80 |
