|
|
Three Months Ended |
||
|
(In Millions) |
Apr 1, 2023 |
|
Apr 2, 2022 |
|
GAAP net cash provided by (used for) operating activities |
$ (1,785) |
|
$ 5,891 |
|
Net additions to property, plant and equipment |
(6,964) |
|
(4,603) |
|
Payments on finance leases |
(15) |
|
(299) |
|
Sale of equity investment |
— |
|
4,561 |
|
Adjusted free cash flow |
$ (8,764) |
|
$ 5,550 |
|
GAAP net cash used for investing activities |
$ (8,521) |
|
$ (2,639) |
|
GAAP net cash provided by (used for) financing activities |
$ 7,394 |
|
$ (1,864) |
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 US GAAP financial measure. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with US GAAP, and the financial outlook prepared in accordance with US 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 US 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.
|
|
Q2 2023 Outlook1 |
|
|
Approximately |
|
GAAP gross margin percentage |
33.2 % |
|
Acquisition-related adjustments |
2.6 % |
|
Share-based compensation |
1.7 % |
|
Non-GAAP gross margin percentage |
37.5 % |
|
|
|
|
GAAP tax rate |
(85) % |
|
Income tax effects |
98 % |
|
Non-GAAP tax rate |
13 % |
|
|
|
|
GAAP earnings (loss) per share attributable to Intel—diluted |
$ (0.62) |
|
Acquisition-related adjustments |
0.08 |
|
Share-based compensation |
0.23 |
|
(Gains) losses on equity investments, net |
(0.01) |
|
(Gains) losses from divestiture |
(0.01) |
|
Total adjustments attributable to non-controlling interest |
— |
|
Income tax effects |
0.29 |
|
Non-GAAP earnings (loss) per share attributable to Intel—diluted |
$ (0.04) |
Released Apr 27, 2023 • 4:01 PM EDT
