Intel Reports Record Year – $54 Billion in Annual Revenue

Intel recently reported full-year revenue of $54 billion, operating income of $17.5 billion, net income of $12.9 billion and EPS of $2.39 — all records. The company generated approximately $21 billion in cash from operations, paid dividends of $4.1 billion and used $14.1 billion to repurchase 642 million shares of stock. For the fourth quarter, Intel posted revenue of $13.9 billion, operating income of $4.6 billion, net income of $3.4 billion and EPS of 64 cents. The company generated approximately $6.6 billion in cash from operations, paid dividends of $1.1 billion and used $4.1 billion to repurchase 174 million shares of stock. In other Intel news, the company also made some management changes today. Notable changes are the promotion of Brian Krzanich to chief operating officer and Dadi Perlmutter being promoted to chief product officer. You can read more about the management changes here.