Intel Corporation
Consolidated Condensed Statements of Cash Flows
|
|
Twelve Months Ended |
||
(In Millions; unaudited) |
|
Dec 25, 2021 |
|
Dec 26, 2020 |
|
|
|
|
|
Cash and cash equivalents, beginning of period |
|
$ 5,865 |
|
$ 4,194 |
Cash flows provided by (used for) operating activities: |
|
|
|
|
Net income |
|
19,868 |
|
20,899 |
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
Depreciation |
|
9,953 |
|
10,482 |
Share-based compensation |
|
2,036 |
|
1,854 |
Restructuring and other charges |
|
2,626 |
|
198 |
Amortization of intangibles |
|
1,839 |
|
1,757 |
(Gains) losses on equity investments, net |
|
(1,458) |
|
(1,757) |
Changes in assets and liabilities: |
|
|
|
|
Accounts receivable |
|
(2,674) |
|
883 |
Inventories |
|
(2,339) |
|
(687) |
Accounts payable |
|
1,190 |
|
405 |
Accrued compensation and benefits |
|
515 |
|
348 |
Prepaid supply agreements |
|
(1,583) |
|
(181) |
Income taxes |
|
(441) |
|
1,620 |
Other assets and liabilities |
|
459 |
|
(437) |
Total adjustments |
|
10,123 |
|
14,485 |
Net cash provided by operating activities |
|
29,991 |
|
35,384 |
Cash flows provided by (used for) investing activities: |
|
|
|
|
Additions to property, plant and equipment |
|
(18,733) |
|
(14,259) |
Additions to held for sale NAND property, plant and equipment |
|
(1,596) |
|
(194) |
Acquisitions, net of cash acquired |
|
(209) |
|
(837) |
Purchases of available-for-sale debt investments |
|
(5,051) |
|
(6,862) |
Maturities and sales of available-for-sale debt investments |
|
6,467 |
|
6,781 |
Purchases of trading assets |
|
(35,503) |
|
(22,377) |
Maturities and sales of trading assets |
|
28,832 |
|
15,377 |
Purchases of equity investments |
|
(613) |
|
(720) |
Sales of equity investments |
|
581 |
|
910 |
Other investing |
|
658 |
|
1,385 |
Net cash used for investing activities |
|
(25,167) |
|
(20,796) |
Cash flows provided by (used for) financing activities: |
|
|
|
|
Issuance of long-term debt, net of issuance costs |
|
4,974 |
|
10,247 |
Repayment of debt and debt conversion |
|
(2,500) |
|
(4,525) |
Proceeds from sales of common stock through employee equity incentive plans |
|
1,020 |
|
897 |
Repurchase of common stock |
|
(2,415) |
|
(14,229) |
Payment of dividends to stockholders |
|
(5,644) |
|
(5,568) |
Other financing |
|
(1,297) |
|
261 |
Net cash provided by (used for) financing activities |
|
(5,862) |
|
(12,917) |
Net increase (decrease) in cash and cash equivalents |
|
(1,038) |
|
1,671 |
Cash and cash equivalents, end of period |
|
$ 4,827 |
|
$ 5,865 |