intel(R)
Annual Report 2000
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Consolidated statements of income

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Three years ended December 30, 2000
(In millions—except per share amounts)

2000
 
1999
 
1998

Net revenues $ 33,726   $ 29,389   $ 26,273

 
 
Cost of sales 12,650   11,836   12,088
Research and development 3,897   3,111   2,509
Marketing, general and administrative 5,089   3,872   3,076
Amortization of goodwill and
  other acquisition-related intangibles and costs 1,586   411   56
Purchased in-process research
  and development 109   392   165

 
 
Operating costs and expenses 23,331   19,622   17,894

 
 
Operating income 10,395   9,767   8,379
Gains on investments, net 3,759   883   185
Interest and other, net 987   578   573

 
 
Income before taxes 15,141   11,228   9,137
Provision for taxes 4,606   3,914   3,069

 
 
Net income $ 10,535   $ 7,314   $ 6,068

 
 
Basic earnings per common share $ 1.57   $ 1.10   $ 0.91

 
 
Diluted earnings per common share $ 1.51   $ 1.05   $ 0.86

 
 
 
Weighted average common shares
  outstanding 6,709   6,648   6,672

 
 
Weighted average common shares
  outstanding, assuming dilution 6,986   6,940   7,035

 
 

See accompanying notes .

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* Legal Information © 2002 Intel Corporation
Content published April 11, 2001.