Intel Inc. - Week 2 Use the \"Intel Annual Report\" link included at the bottom
ID: 2777098 • Letter: I
Question
Intel Inc. - Week 2
Use the "Intel Annual Report" link included at the bottom of this page to download the Intel Inc. 2013 financial statements and the accompanying notes to answer the following questions. Part of your grade will be based on the structure and organization of your project, therefore clearly identify each section and numbered item to which you are responding. Indicate the page number of the annual report where you found the answer(s) to each question. Additionally, show all relevant calculations in a table(s) in your Word document.
Throughout the eight weeks of this course, Intermediate Accounting II, you should develop responses to the following questions to complete your Portfolio Project:
Week 2
Under Intel’s equity-based compensation plan, share options are granted annually to key managers and directors.
1) How many options were granted and exercisable in 2012 and 2013 under the plan?
2) What number of diluted weighted-average shares outstanding was used by Intel in computing
earnings per share for 2012 and 2013? What were Intel’s diluted earnings per share in 2012 and
2013?
3) What other equity-based compensation plans does Intel have?
4) What investments does Intel report in 2013?
5) How does Intel determine fair value?
6) How does Intel use derivative financial instruments?
http://files.shareholder.com/downloads/INTC/3501642278x0xS50863-14-20/50863/filing.pdf
Explanation / Answer
Answer:1) There were totally 20.10 Million options granted and 139.80 Million options were exercisable during the year 2012. Similarly, there were totally, nil options granted and 111.50 Million options exercisable during the year 2013.
These details were extracted from Page No. 92 under the sub-category “ Stock Option Awards” continuing from page no. 91.
Answer:2) Following table presents all the details those were extracted from Page No.94 under the Category Note 23: Earnings per Share:
Answer:3) There are two types of Equity-based information plans Intel does have namely 2006 Equity Incentive Plan & 2006 Stock Purchase Plan.
All these details were extracted from the Page No.112 under the Sub-Category “Equity Compensation Plan Information”
Answer:4)The two investments Intel reported in 2013 are Marketable Equity Securities and Other Long Term Investments.
Answer:5) Intel determines fair value of their “non-marketable equity investments using the market and income approaches”
Answer:6) Intel uses derivative financial instruments to “manage currency exchange rate and interest rate risk, and, to a lesser extent, equity market risk and commodity price risk.”
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