Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Intel Corp., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020	Dec 28, 2019
Net income	1,675)	8,017)	19,868)	20,899)	21,048)
Depreciation	7,847)	11,128)	9,953)	10,482)	9,204)
Share-based compensation	3,229)	3,128)	2,036)	1,854)	1,705)
Restructuring and other charges	(424)	1,074)	2,626)	198)	393)
Amortization of intangibles	1,755)	1,907)	1,839)	1,757)	1,622)
Gains on equity investments, net	(42)	(4,254)	(1,458)	(1,757)	(892)
Gains on divestitures	—)	(1,059)	—)	—)	—)
Accounts receivable	731)	5,327)	(2,674)	883)	(935)
Inventories	2,097)	(2,436)	(2,339)	(687)	(1,481)
Accounts payable	(801)	(29)	1,190)	405)	696)
Accrued compensation and benefits	(614)	(1,533)	515)	348)	(260)
Prepaid customer supply agreements	—)	(24)	(1,583)	(181)	(782)
Income taxes	(3,531)	(4,535)	(441)	1,620)	885)
Other assets and liabilities	(451)	(1,278)	459)	(437)	1,942)
Changes in assets and liabilities	(2,569)	(4,508)	(4,873)	1,951)	65)
Adjustments to reconcile net income to net cash provided by operating activities	9,796)	7,416)	10,123)	14,485)	12,097)
Net cash provided by operating activities	11,471)	15,433)	29,991)	35,384)	33,145)
Additions to property, plant and equipment	(25,750)	(24,844)	(18,733)	(14,259)	(16,213)
Additions to held for sale NAND property, plant and equipment	—)	(206)	(1,596)	(194)	—)
Proceeds from capital-related government incentives	1,011)	—)	—)	—)	—)
Acquisitions, net of cash acquired	—)	—)	(209)	(837)	(1,958)
Purchase of short-term investments	(44,414)	(43,647)	(40,554)	(29,239)	(11,430)
Maturities and sales of short-term investments	44,077)	48,730)	35,299)	22,158)	11,404)
Purchases of equity investments	(399)	(510)	(613)	(720)	(522)
Sales of equity investments	472)	4,961)	581)	910)	2,688)
Proceeds from divestitures	—)	6,579)	—)	—)	—)
Other investing	962)	(1,540)	658)	1,385)	1,626)
Net cash used for investing activities	(24,041)	(10,477)	(25,167)	(20,796)	(14,405)
Issuance of commercial paper, net of issuance costs	—)	3,945)	—)	—)	—)
Repayment of commercial paper	(3,944)	—)	—)	—)	—)
Payments on finance leases	(96)	(345)	—)	—)	—)
Partner contributions	1,511)	874)	—)	—)	—)
Proceeds from sales of subsidiary shares	2,959)	1,032)	—)	—)	—)
Issuance of long-term debt, net of issuance costs	11,391)	6,548)	4,974)	10,247)	3,392)
Repayment of debt	(423)	(4,984)	(2,500)	(4,525)	(2,627)
Proceeds from sales of common stock through employee equity incentive plans	1,042)	977)	1,020)	897)	750)
Repurchase of common stock	—)	—)	(2,415)	(14,229)	(13,576)
Payment of dividends to stockholders	(3,088)	(5,997)	(5,644)	(5,568)	(5,576)
Other financing	(847)	(689)	(1,297)	261)	72)
Net cash provided by (used for) financing activities	8,505)	1,361)	(5,862)	(12,917)	(17,565)
Net increase (decrease) in cash and cash equivalents	(4,065)	6,317)	(1,038)	1,671)	1,175)
Cash and cash equivalents, beginning of period	11,144)	4,827)	5,865)	4,194)	3,019)
Cash and cash equivalents, end of period	7,079)	11,144)	4,827)	5,865)	4,194)

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Intel Corp. net cash provided by operating activities decreased from 2021 to 2022 and from 2022 to 2023.
Net cash used for investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Intel Corp. net cash used for investing activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Net cash provided by (used for) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Intel Corp. net cash provided by (used for) financing activities increased from 2021 to 2022 and from 2022 to 2023.

Intel Corp. (NASDAQ:INTC)

Cash Flow Statement