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Download all financial information in .pdf format.
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Three years ended December 29, 2001
(In millions) |
2001 |
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2000 |
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1999 |
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| Cash and cash equivalents, beginning of year |
$ |
2,976 |
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$ |
3,695 |
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$ |
2,038 |
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| Cash flows provided by (used for) operating activities: |
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| Net income |
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1,291 |
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10,535 |
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7,314 |
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| Adjustments to reconcile net income to net cash |
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provided by (used for) operating activities: |
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Depreciation |
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4,131 |
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3,249 |
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3,186 |
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Amortization of goodwill and other
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acquisition-related intangibles
and costs |
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2,338 |
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1,586 |
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411 |
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Purchased in-process research and development |
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198 |
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109 |
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392 |
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(Gains) losses on equity investments, net |
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466 |
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(3,759) |
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(883) |
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(Gain) loss on investment in Convera |
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196 |
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(117) |
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— |
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Net loss on retirements of property, plant |
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and equipment |
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119 |
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139 |
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193 |
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Deferred taxes |
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(519) |
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(130) |
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(219) |
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Tax benefit from employee stock plans |
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435 |
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887 |
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506 |
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Changes in assets and liabilities: |
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Trading assets |
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898 |
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38 |
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(72) |
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Accounts receivable |
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1,561 |
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(384) |
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153 |
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Inventories |
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24 |
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(731) |
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169 |
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Accounts payable |
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(673) |
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978 |
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79 |
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Accrued compensation and benefits |
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(524) |
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231 |
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127 |
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Income taxes payable |
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(270) |
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(362) |
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726 |
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Other assets and liabilities |
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(1,017) |
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558 |
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52 |
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Total adjustments |
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7,363 |
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2,292 |
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4,820 |
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| Net cash provided by operating activities |
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8,654 |
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12,827 |
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12,134 |
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| Cash flows provided by (used for) investing activities: |
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Additions to property, plant and equipment |
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(7,309) |
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(6,674) |
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(3,403) |
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Acquisitions, net of cash acquired |
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(883) |
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(2,317) |
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(2,979) |
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Purchases of available-for-sale investments |
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(7,141) |
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(17,188) |
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(7,055) |
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Maturities and sales of available-for-sale |
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investments |
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15,398 |
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17,124 |
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7,987 |
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Other investing activities |
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(260) |
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(980) |
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(799) |
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| Net cash used for investing activities |
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(195) |
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(10,035) |
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(6,249) |
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| Cash flows provided by (used for) financing activities: |
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Increase in short-term debt, net |
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23 |
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138 |
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69 |
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Additions to long-term debt |
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306 |
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77 |
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118 |
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Repayment and retirement of long-term debt |
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(10) |
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(46) |
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— |
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Proceeds from sales of shares through employee |
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stock plans and other |
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762 |
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797 |
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543 |
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Proceeds from sales of put warrants |
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— |
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— |
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20 |
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Repurchase and retirement of common stock |
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(4,008) |
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(4,007) |
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(4,612) |
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Payment of dividends to stockholders |
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(538) |
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(470) |
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(366) |
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| Net cash used for financing activities |
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(3,465) |
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(3,511) |
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(4,228) |
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| Net increase (decrease) in cash and cash |
| equivalents |
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4,994 |
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(719) |
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1,657 |
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| Cash and cash equivalents, end of year |
$ |
7,970 |
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$ |
2,976 |
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$ |
3,695 |
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| Supplemental disclosures of cash flow information: |
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| Cash paid during the year for: |
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Interest |
$ |
53 |
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$ |
43 |
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$ |
40 |
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Income taxes |
$ |
1,208 |
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$ |
4,209 |
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$ |
2,899 |
See accompanying notes. |
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* Legal Information © 2002 Intel Corporation
Content published April 10, 2002.
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