Statement of Financial Position, Assets

Difficulty level: Basic

The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Intel Corp., Consolidated Statement of Financial Position, Assets

USD $ in millions

 
Dec 28, 2013 Dec 29, 2012 Dec 31, 2011 Dec 25, 2010 Dec 26, 2009
Cash and cash equivalents 5,674  8,478  5,065  5,498  3,987 
Short-term investments 5,972  3,999  5,181  11,294  5,285 
Trading assets 8,441  5,685  4,591  5,093  4,648 
Accounts receivable, net of allowance for doubtful accounts 3,582  3,833  3,650  2,867  2,273 
Inventories 4,172  4,734  4,096  3,757  2,935 
Deferred tax assets 2,594  2,117  1,700  1,488  1,216 
Other current assets 1,649  2,512  1,589  1,614  813 
Current assets 32,084 
31,358 
25,872 
31,611 
21,157 
Property, plant and equipment, net 31,428  27,983  23,627  17,899  17,225 
Marketable equity securities 6,221  4,424  562  1,008  773 
Other long-term investments 1,473  493  889  3,026  4,179 
Goodwill 10,513  9,710  9,254  4,531  4,421 
Identified intangible assets, net 5,150  6,235  6,267  860  883 
Equity method investments 1,038  992  1,669  1,791  2,472 
Non-marketable cost method investments 1,270  1,202  1,129  872  939 
Non-current deferred tax assets 434  358  335  289  278 
Loans receivable 952  644  715  741  249 
Other 1,795  952  800  558  519 
Other long-term assets 5,489 
4,148 
4,648 
4,251 
4,457 
Noncurrent assets 60,274 
52,993 
45,247 
31,575 
31,938 
Total assets 92,358 
84,351 
71,119 
63,186 
53,095 
Source: Intel Corp., Annual Reports
Item Description The company
Cash and cash equivalents Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Intel Corp.'s cash and cash equivalents increased from 2011 to 2012 but then slightly declined from 2012 to 2013 not reaching 2011 level.
Short-term investments Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed. Intel Corp.'s short-term investments declined from 2011 to 2012 but then increased from 2012 to 2013 exceeding 2011 level.
Trading assets Total debt and equity financial instruments including: (1) securities held-to-maturity, (2) trading securities, and (3) securities available-for-sale which are intended to be held for less than one year or the normal operating cycle, whichever is longer. Intel Corp.'s trading assets increased from 2011 to 2012 and from 2012 to 2013.
Accounts receivable, net of allowance for doubtful accounts Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Intel Corp.'s accounts receivable, net of allowance for doubtful accounts increased from 2011 to 2012 but then declined significantly from 2012 to 2013.
Inventories Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Intel Corp.'s inventories increased from 2011 to 2012 but then slightly declined from 2012 to 2013 not reaching 2011 level.
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Intel Corp.'s current assets increased from 2011 to 2012 and from 2012 to 2013.
Property, plant and equipment, net Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Intel Corp.'s property, plant and equipment, net increased from 2011 to 2012 and from 2012 to 2013.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Intel Corp.'s noncurrent assets increased from 2011 to 2012 and from 2012 to 2013.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Intel Corp.'s total assets increased from 2011 to 2012 and from 2012 to 2013.

ADVERTISEMENT

Top