f_cashflow.htm

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Three years ended December 30, 2000 (In millions)		2000		1999		1998

Cash and cash equivalents, beginning of year		$	3,695	$	2,038	$	4,102

Cash flows provided by (used for) operating activities:

Net income			10,535		7,314		6,068

Adjustments to reconcile net income to net cash
	provided by (used for) operating activities:

	Depreciation		3,249		3,186		2,807

	Amortization of goodwill and other acquisition-related
	intangibles and costs		1,586		411		56

	Purchased in-process research and development		109		392		165

	Gains on investments, net		(3,759)		(883)		(185)

	Gain on assets contributed to Convera		(117)		—		—

	Net loss on retirements of property, plant
	and equipment		139		193		282

	Deferred taxes		(130)		(219)		77

	Changes in assets and liabilities:

	Accounts receivable		(384)		153		(38)

	Inventories		(731)		169		167

	Accounts payable		978		79		(180)

	Accrued compensation and benefits		231		127		17

	Income taxes payable		(362)		726		(211)

	Tax benefit from employee stock plans		887		506		415

	Other assets and liabilities		596		(20)		7

	Total adjustments		2,292		4,820		3,379

Net cash provided by operating activities			12,827		12,134		9,447

Cash flows provided by (used for) investing activities:

	Additions to property, plant and equipment		(6,674)		(3,403)		(3,557)

	Acquisitions, net of cash acquired		(2,317)		(2,979)		(906)

	Purchases of available-for-sale investments		(17,188)		(7,055)		(10,925)

	Maturities and sales of available-for-sale
	investments		17,124		7,987		8,882

	Other investing activities		(980)		(799)		(256)

Net cash used for investing activities			(10,035)		(6,249)		(6,762)

Cash flows provided by (used for) financing activities:

	Increase (decrease) in short-term debt, net		138		69		(83)

	Additions to long-term debt		77		118		169

	Retirement of long-term debt		(46)		—		—

	Proceeds from sales of shares through employee
	stock plans and other		797		543		507

	Proceeds from exercise of 1998 step-up warrants		—		—		1,620

	Proceeds from sales of put warrants		—		20		40

	Repurchase and retirement of common stock		(4,007)		(4,612)		(6,785)

	Payment of dividends to stockholders		(470)		(366)		(217)

Net cash used for financing activities			(3,511)		(4,228)		(4,749)

Net increase (decrease) in cash and cash
equivalents			(719)		1,657		(2,064)

Cash and cash equivalents, end of year		$	2,976	$	3,695	$	2,038

Supplemental disclosures of cash flow information:
Cash paid during the year for:
	Interest	$	43	$	40	$	40
	Income taxes	$	4,209	$	2,889	$	2,784
See accompanying notes .