Intel Corporation reported consolidated earnings results for the fourth quarter and full year ended December 29, 2012. For the fourth quarter, the company reported revenue of $13.5 billion against $13.9 billion a year ago. Net income was $2.5 billion or $0.48 per diluted share against $3.4 billion or $0.64 per diluted share a year ago. Operating income was $3,155 million against $4,599 million a year ago. Income before taxes was $3,204 million against $4,587 million a year ago. Non-GAAP operating income was $3,367 million against $4,808 million a year ago. Non-GAAP net income was $2,609 million or $0.51 per diluted share against $3,523 million or $0.67 per diluted share a year ago. The company generated $6 billion of cash flow from operations. The company had $2.5 billion of CapEx.

For the year, the company reported revenue of $53.3 billion against $54.0 billion a year ago. Net income was $11.0 billion or $2.13 per diluted share against $12.9 billion or $2.39 per diluted share a year ago. Operating income was $14,638 million against $17,477 million a year ago. Income before taxes was $14,873 million against $17,781 million a year ago. Non-GAAP operating income was $15,503 million against $18,219 million a year ago. Non-GAAP net income was $11,580 million or $2.24 per diluted share against $13,524 million or $2.50 per diluted share a year ago. The company generated significant cash, with almost $19 billion of cash from operations. The company purchased $11 billion in capital assets, primarily building and equipping leading-edge factories.

For the full year of 2013, the company expects revenue in low single-digit percentage increase, and forecasting the mid-point of gross margin range at 60%, amortization of acquisition-related intangibles of approximately $300 million, depreciation of $6.8 billion, plus or minus $100 million, tax rate of approximately 25% and capital spending of $13.0 billion, plus or minus $500 million. Capital spending for core business is expected to be roughly flat to 2012.

For the first quarter of 2013, the company expects revenue of $12.7 billion, plus or minus $500 million, gross margin percentage of 58%, plus or minus a couple percentage points, amortization of acquisition-related intangibles of approximately $75 million and depreciation of approximately $1.7 billion.