Stock Analysis on Net
Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

Cash Flow Statement
Quarterly Data

Beginner level

The cash flow statement provides information about a company’s 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’s 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 (quarterly data)

US$ in millions

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3 months ended: Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 1, 2016 Jul 2, 2016 Apr 2, 2016 Dec 26, 2015 Sep 26, 2015 Jun 27, 2015 Mar 28, 2015
Net income 4,276  5,105  5,661  6,905  5,990  4,179  3,974  5,195  6,398  5,006  4,454  (687) 4,516  2,808  2,964  3,562  3,378  1,330  2,046  3,613  3,109  2,706  1,992 
Depreciation 2,677  2,625  2,623  2,557  2,268  2,150  2,229  2,100  1,884  1,730  1,806  1,762  1,690  1,675  1,625  1,582  1,543  1,522  1,619  1,936  2,060  1,977  1,848 
Share-based compensation 452  492  449  415  431  470  389  343  383  387  433  307  326  328  397  308  324  364  448  296  309  332  368 
Amortization of intangibles 446  438  427  411  411  404  396  393  390  392  390  378  365  313  321  348  385  395  396  210  215  214  251 
(Gains) losses on equity investments, net (13) (226) 134  (497) (295) 174  (274) 484  72  242  (643) (1,211) (846) (276) (250) (18) 12  (404) (22) (18) (160) (53) (32)
Gains on divestitures —  —  —  (690) —  —  —  —  —  (497) —  —  —  (387) —  —  —  —  —  —  —  —  — 
Accounts receivable 301  1,020  (796) (779) (646) 725  (235) (1,265) (818) 267  102  347  (510) (513) (105) 165  (834) (208) 942  (687) (241) (594) 1,167 
Inventories (299) 277  (548) (105) 67  (931) (512) 148  (59) (207) (96) (55) (485) (528) (232) 237  (14) (47) (57) (124) (151) (352) (137)
Accounts payable 147  91  117  (32) 297  235  196  (219) 156  201  73  20  (254) 237  188  (6) (187) (59) 434  (226) 218  (233) (71)
Accrued compensation and benefits 431  581  (1,500) 456  647  608  (1,620) 541  83  423  (1,307) 673  555  280  (1,197) 379  157  1,062  (1,307) 493  101  603  (1,554)
Prepaid supply agreements 70  (74) (87) (108) (230) (216) (228) (105) (108) (19) 1,599  —  —  —  —  —  —  —  —  —  —  —  — 
Income taxes (710) 450  753  450  450  (455) 440  (544) 76  (1,428) 295  5,229  179  731  639  866  781  (462) 454  (565) 465  (834) 50 
Other assets and liabilities 401  378  (1,075) 905  1,321  244  204  (171) 378  916  (822) 478  728  39  (452) 727  213  352  (898) 499  (190) (326) 533 
Changes in assets and liabilities 341  2,723  (3,136) 787  1,906  210  (1,755) (1,615) (292) 153  (156) 6,692  213  246  (1,159) 2,368  116  638  (432) (610) 202  (1,736) (12)
Adjustments to reconcile net income to net cash provided by operating activities 3,903  6,052  497  2,983  4,721  3,408  985  1,705  2,437  2,407  1,830  7,928  1,748  1,899  934  4,588  2,380  2,515  2,009  1,814  2,626  734  2,423 
Net cash provided by operating activities 8,179  11,157  6,158  9,888  10,711  7,587  4,959  6,900  8,835  7,413  6,284  7,241  6,264  4,707  3,898  8,150  5,758  3,845  4,055  5,427  5,735  3,440  4,415 
Additions to property, plant and equipment (3,716) (3,408) (3,268) (4,666) (4,672) (3,554) (3,321) (3,890) (3,851) (4,530) (2,910) (4,069) (2,979) (2,778) (1,952) (3,530) (2,463) (2,286) (1,346) (2,328) (1,206) (1,767) (2,025)
Acquisitions, net of cash acquired —  —  —  (1,958) —  —  —  (7) (183) —  —  —  (14,496) (3) —  (319) (532) (50) (14,569) (375) (14) (467) (57)
Purchases of available-for-sale debt investments (1,765) (4,045) (513) (240) (307) (849) (872) (753) (1,512) (719) (859) (787) (83) (148) (1,746) (1,307) (2,269) (2,846) (2,847) (737) (6,267) (1,116) (139)
Sales of available-for-sale investments —  —  —  (960) 1,070  120  60  135  —  —  2,368  2,912  1,267  431  59  108  875  2,810  1,050  931  66  43 
Maturities of available-for-sale debt investments 3,734  678  625  2,068  17  963  940  736  512  827  893  199  1,291  689  1,508  726  2,535  1,034  1,359  4,015  494  580  1,079 
Purchases of trading assets (3,315) (7,532) (3,897) (3,393) (1,271) (2,629) (1,869) (1,187) (1,815) (1,103) (5,398) (3,908) (1,831) (4,886) (3,075) (2,284) (2,748) (2,672) (4,533) (3,542) (2,652) (2,816) (2,475)
Maturities and sales of trading assets 3,797  3,770  3,660  1,711  1,659  2,254  1,554  2,406  2,014  3,931  3,760  2,169  5,829  3,544  2,433  3,040  2,554  2,175  3,138  2,907  2,826  4,241  3,398 
Purchases of equity investments —  —  —  (522) —  —  —  (207) (73) (594) —  (875) (101) (203) (422) (70) (230) (481) (182) (147) (1,306) (280) (278)
Sales of equity investments 153  166  20  1,274  83  254  1,077  1,156  1,431  52  163  —  —  —  —  —  —  —  —  —  —  —  — 
Proceeds from divestitures —  —  —  911  —  —  —  —  —  548  —  —  2,200  924  —  —  —  —  —  —  —  —  — 
Other investing 346  (239) (363) 1,290  (489) 153  (239) (134) (93) 395  (440) (327) 942  156  45  241  362  81  650  1,885  (1,973) 264 
Net cash used for investing activities (766) (10,610) (3,736) (4,485) (3,910) (3,288) (2,722) (1,820) (3,435) (1,193) (4,791) (5,230) (6,316) (1,438) (2,778) (3,444) (2,683) (4,170) (15,520) 2,728  (9,167) (1,295) (449)
Increase (decrease) in short-term debt, net —  —  —  (835) (161) (686) 1,682  (1,247) (284) (151) 2,142  —  —  —  —  —  —  —  —  —  —  —  — 
Issuance of long-term debt, net of issuance costs —  —  10,247  2,742  49  466  135  —  423  —  —  —  638  7,078  —  —  —  2,734  —  1,490  7,986  —  — 
Repayment of debt and debt conversion (1,750) (1,700) (1,075) (1,149) (445) (172) (861) (1,098) (759) (842) (327) (6,578) (1,002) (500) —  (1,500) —  —  —  —  —  —  — 
Proceeds from sales of common stock through employee equity incentive plans 385  503  (47) 492  15  290  10  225  31  289  133  231  77  329  84  497  184  343  170  222  133  341 
Repurchase of common stock (8,000) —  (4,229) (3,476) (4,521) (3,049) (2,530) (2,266) (2,657) (3,893) (1,914) (4) (1,093) (1,276) (1,242) (533) (457) (804) (793) (525) (1,029) (697) (750)
Accelerated share repurchase forward agreements (2,000) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Payment of dividends to stockholders (1,404) (1,403) (1,408) (1,362) (1,386) (1,414) (1,414) (1,368) (1,373) (1,400) (1,400) (1,278) (1,278) (1,287) (1,229) (1,233) (1,231) (1,233) (1,228) (1,133) (1,140) (1,146) (1,137)
Other financing (24) (97) 726  (1,017) 239  254  596  501  (182) (905) (162) 74  (56) (608) 396  (716) (1,017) 268  896  86  (235) (728)
Net cash provided by (used for) financing activities (12,793) (3,191) 4,764  (5,144) (5,733) (4,586) (2,102) (5,468) (4,607) (7,160) (1,372) (7,653) (2,560) 3,484  (1,746) (3,898) (2,208) 1,149  (782) 88  6,043  (1,945) (2,274)
Effect of exchange rate fluctuations on cash and cash equivalents —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  10  (9)
Net increase (decrease) in cash and cash equivalents (5,380) (2,644) 7,186  259  1,068  (287) 135  (388) 793  (940) 121  (5,642) (2,612) 6,753  (626) 808  867  824  (12,247) 8,243  2,611  210  1,683 

Based on: 10-Q (filing date: 2020-10-23), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-04-24), 10-K (filing date: 2020-01-24), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-10-31), 10-Q (filing date: 2016-08-01), 10-Q (filing date: 2016-05-02), 10-K (filing date: 2016-02-12), 10-Q (filing date: 2015-10-28), 10-Q (filing date: 2015-07-27), 10-Q (filing date: 2015-04-27).

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.’s net cash provided by operating activities increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.
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.’s net cash used for investing activities decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 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.’s net cash provided by (used for) financing activities decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.