Intel 2006 Annual Report Download - page 62
Download and view the complete annual report
Please find page 62 of the 2006 Intel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
 |
 |
Table of Contents
INTEL CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
See accompanying notes.
51
Three Years Ended December 30, 2006
(In Millions)
2006
2005
2004
Cash and cash equivalents, beginning of year
$
7,324
$
8,407
$
7,971
Cash flows provided by (used for) operating activities:
Net income
5,044
8,664
7,516
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
4,654
4,345
4,590
Share
-
based compensation
1,375
—
—
Restructuring, asset impairment, and net loss on retirement of assets
635
74
91
Excess tax benefit from share
-
based payment arrangements
(123
)
—
—
Amortization of intangibles and other acquisition
-
related costs
258
250
299
(Gains) losses on equity securities, net
(214
)
45
2
(Gains) on divestitures
(612
)
—
—
Deferred taxes
(325
)
(413
)
(207
)
Tax benefit from employee equity incentive plans
—
351
344
Changes in assets and liabilities:
Trading assets
324
1,606
(468
)
Accounts receivable
1,217
(914
)
(39
)
Inventories
(1,116
)
(500
)
(101
)
Accounts payable
7
303
283
Income taxes payable
(60
)
797
378
Other assets and liabilities
(444
)
215
431
Total adjustments
5,576
6,159
5,603
Net cash provided by operating activities
10,620
14,823
13,119
Cash flows provided by (used for) investing activities:
Additions to property, plant and equipment
(5,779
)
(5,818
)
(3,843
)
Acquisitions, net of cash acquired
—
(
191
)
(53
)
Purchases of
available
-
for
-
sale
investments
(5,272
)
(8,475
)
(16,618
)
Maturities and sales of
available
-
for
-
sale
investments
7,147
8,433
15,633
Purchases and investments in non
-
marketable equity securities
(1,722
)
(193
)
(137
)
Net proceeds from divestitures
752
—
—
Other investing activities
(33
)
(118
)
(14
)
Net cash used for investing activities
(4,907
)
(6,362
)
(5,032
)
Cash flows provided by (used for) financing activities:
Increase (decrease) in short
-
term debt, net
(114
)
126
24
Excess tax benefit from share
-
based payment arrangements
123
—
—
Additions to long
-
term debt
—
1,742
—
Repayments and retirement of debt
—
(
19
)
(31
)
Repayment of notes payable
(581
)
—
—
Proceeds from sales of shares through employee equity incentive plans
1,046
1,202
894
Repurchase and retirement of common stock
(4,593
)
(10,637
)
(7,516
)
Payment of dividends to stockholders
(2,320
)
(1,958
)
(1,022
)
Net cash used for financing activities
(6,439
)
(9,544
)
(7,651
)
Net increase (decrease) in cash and cash equivalents
(726
)
(1,083
)
436
Cash and cash equivalents, end of year
$
6,598
$
7,324
$
8,407
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest, net of amounts capitalized of $60 in 2006
$
25
$
27
$
52
Income taxes, net of refunds
$
2,432
$
3,218
$
2,392