Intel 2000 Annual Report Download - page 24

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See accompanying notes.
Consolidated statements of cash flows
Other accrued liabilities
1,440
1,159
Income taxes payable
1,293
1,695
Total current liabilities
8,650
7,099
Long
-
term debt
707
955
Deferred tax liabilities
1,266
3,130
Put warrants
—
130
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value, 50 shares authorized; none issued
—
—
Common stock, $0.001 par value, 10,000 shares authorized; 6,721 issued and
outstanding (6,669 in 1999) and capital in excess of par value
8,486
7,316
Acquisition
-
related unearned stock compensation
(97
)
—
Accumulated other comprehensive income
195
3,791
Retained earnings
28,738
21,428
Total stockholders' equity
37,322
32,535
Total liabilities and stockholders' equity
$
47,945
$
43,849
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
)