[April 05, 2016] |
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Intel to Revise Financial Reporting Structure
Beginning with the publication of Intel (News - Alert) Corporation's first-quarter
earnings report on April 19, 2016, the company will revise the
presentation of its financial results to reflect changes to certain
operating segments. The company is providing the revised financial
reporting structure now, as shown below, in order to give visibility
into the new model.
Intel's operating segments will be:
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Client Computing Group (CCG)
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Data Center Group (DCG)
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Internet of Things Group (IOTG)
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Non-Volatile Memory Solutions Group (NSG)
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Intel Security (News - Alert) Group (ISecG)
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Programmable Solutions Group (PSG)
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All other
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New Technology Group (NTG)
The company is electing to separately disclose the operating results of
NSG, ISecG, and PSG, although none of these operating segments meets the
quantitative thresholds to qualify as a reportable operating segment.
Intel previously disclosed the results of NSG within the "all other"
category and aggregated the results of ISecG and Software and Services
Group (SSG) as the "software and services" operating segments.
PSG was formed as a result of our acquisition of Altera (News - Alert) Corporation.
Additionally, the company formed NTG, which includes Intel's perceptual
computing efforts and products designed for wearables, drones and other
market segments. Lastly, the company determined that SSG will no longer
be an operating segment. SSG's historical results will be included in
the "all other" category.
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INTEL CORPORATION
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SUPPLEMENTAL OPERATING SEGMENT RESULTS
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(In millions)
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Three Months Ended
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Twelve Months Ended
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Apr 2,
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Dec 26,
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Sep 26,
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Jun 27,
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Mar 28,
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Dec 26,
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Dec 27,
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2016
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2015
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2015
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2015
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2015
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2015
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2014
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Net revenue:
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Client Computing Group
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Platform
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Other
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Data Center Group
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Platform
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Other
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Internet of Things Group
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Platform
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Other
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Non-Volatile Memory Solutions Group
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Intel Security Group
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Programmable Solutions Group^
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All other
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TOTAL NET (News - Alert) REVENUE
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Operating income (loss):
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Client Computing Group
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Data Center Group
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Internet of Things Group
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Non-Volatile Memory Solutions Group
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Intel Security Group
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Programmable Solutions Group^
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All other
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TOTAL OPERATING INCOME
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^Results for the Programmable Solutions Group will not include any
results prior to the first quarter of 2016.
Revenue for our reportable and non-reportable operating segments is
primarily related to the following product lines:
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Client Computing Group: Includes platforms designed for
notebooks (including Ultrabook™ devices), 2 in 1 systems,
desktops (including all-in-ones and high-end enthusiast PCs), tablets,
phones, wireless and wired connectivity products, and mobile
communication components.
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Data Center Group: Includes platforms designed for enterprise,
cloud, communications infrastructure, and technical computing segments.
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Internet of Things Group: Includes platforms designed for
Internet of Things market segments, including retail, transportation,
industrial, and buildings and home use, along with a broad range of
other market segments.
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Non-Volatile Memory Solutions Group: Includes NAND flash memory
products primarily used in solid-state drives.
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Intel Security Group: Includes security software products
designed to deliver innovative solutions that secure computers, mobile
devices, and networks around the world from the latest malware and
emerging online threats.
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Programmable Solutions Group: Includes programmable
semiconductors (primary field-programmable gate array) and related
products for a broad range of market segments, including
communications, networking and storage, industrial, military, and
automotive.
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All other consists of the following:
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Results of operations from our New Technology (News - Alert) Group;
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Corporate: Revenue, expenses, and charges such as:
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Amounts included within restructuring and asset impairment
charges;
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A portion of employee benefits, compensation, and other
expenses not allocated to the operating segments;
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Divested businesses for which discrete operating results are
not regularly reviewed by our chief executive officer;
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Results of operations of startup businesses that support our
initiatives, including our foundry business;
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Acquisition-related costs, including amortization and any
impairment of acquisition-related intangibles and goodwill.
About Intel
Intel (NASDAQ: INTC) expands the boundaries of technology to make the
most amazing experiences possible. Information about Intel and the work
of its more than 100,000 employees can be found at newsroom.intel.com
and intel.com.
Intel, the Intel logo, Core, and Ultrabook are trademarks of Intel
Corporation in the United States and other countries.
*Other names and brands may be claimed as the property of others.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160405006710/en/
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