Intel 2001 Annual Report Download - page 44

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See accompanying notes.
Consolidated statements of cash flows
Less accumulated depreciation
16,235
13,240
Property, plant and equipment, net
18,121
15,013
Marketable strategic equity securities
155
1,915
Other long-term investments
1,319
1,797
Goodwill, net
4,330
4,977
Acquisition-related intangibles, net
797
964
Other assets
2,040
2,129
Total assets $
44,395
$
47,945
Liabilities and stockholders' equity
Current liabilities:
Short
-
term debt
$
409
$
378
Accounts payable
1,769
2,387
Accrued compensation and benefits
1,179
1,696
Accrued advertising
560
782
Deferred income on shipments to distributors
418
674
Other accrued liabilities
1,247
1,440
Income taxes payable
988
1,293
Total current liabilities
6,570
8,650
Long-term debt
1,050
707
Deferred tax liabilities
945
1,266
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; 6,690 issued and outstanding (6,721 in 2000) and capital in excess of par value
8,833
8,486
Acquisition-related unearned stock compensation
(178
)
(97
)
Accumulated other comprehensive income
25
195
Retained earnings
27,150
28,738
Total stockholders' equity
35,830
37,322
Total liabilities and stockholders' equity $
44,395
$
47,945
Three years ended December 29, 2001
(In millions)
2001
2000
1999
Cash and cash equivalents, beginning of year
$
2,976
$
3,695
$
2,038
Cash flows provided by (used for) operating activities:
Net income
1,291
10,535
7,314
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation
4,131
3,249
3,186
Amortization of goodwill and other acquisition-related intangibles and costs
2,338
1,586
411
Purchased in-process research and development
198
109
392
(Gains) losses on equity investments, net
466
(3,759
)
(883
)
(Gain) loss on investment in Convera
196
(117
)
—
Net loss on retirements of property, plant and equipment
119
139
193
Deferred taxes
(519
)
(130
)
(219
)
Tax benefit from employee stock plans
435
887
506
Changes in assets and liabilities:
Trading assets
898
38
(72
)
Accounts receivable
1,561
(384
)
153