INTEL CORPORATION (INTC) FY2024 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2023-12-31 to 2024-03-30

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INTEL CORPORATION cash flow reconciliation, Dec 31, 2023 through Mar 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Issuance of long-term debt, net of issuance costs → financing reconciliation: $2,537,000,000.00Issuance of commercial paper, net of issuance costs → financing reconciliation: $793,000,000.00Proceeds from sales of common stock through employee equity incentive plans → financing reconciliation: $626,000,000.00Partner contributions → financing reconciliation: $423,000,000.00financing reconciliation → Net cash from financing activities: $3,630,000,000.00financing reconciliation → Payment of dividends to stockholders: $529,000,000.00financing reconciliation → Other financing: $220,000,000.00Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale → investing reconciliation: $9,598,000,000.00Proceeds from capital-related government incentives → investing reconciliation: $592,000,000.00investing reconciliation → Purchases of short-term investments: $6,460,000,000.00investing reconciliation → Additions to property, plant and equipment: $5,970,000,000.00investing reconciliation → Other investing: $323,000,000.00Net cash used in operating activities → operating reconciliation: $1,223,000,000.00Depreciation → operating reconciliation: $2,200,000,000.00Share-based compensation → operating reconciliation: $1,179,000,000.00Amortization of intangibles → operating reconciliation: $351,000,000.00Restructuring and other charges → operating reconciliation: $348,000,000.00Accounts receivable → operating reconciliation: $80,000,000.00operating reconciliation → Net income (loss): $437,000,000.00operating reconciliation → Other assets and liabilities: $2,104,000,000.00operating reconciliation → Accrued compensation and benefits: $1,289,000,000.00operating reconciliation → Income taxes: $591,000,000.00operating reconciliation → Accounts payable: $386,000,000.00operating reconciliation → Inventories: $366,000,000.00operating reconciliation → (Gains) losses on equity investments, net: $208,000,000.00Net cash used in investing activities → investing reconciliation: $2,563,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $7,079,000,000.00Net cash from financing activities → Cash sources and uses: $3,630,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $6,923,000,000.00Cash sources and uses → Net cash used in investing activities: $2,563,000,000.00Cash sources and uses → Net cash used in operating activities: $1,223,000,000.00Net income (loss): -$437,000,000.00Net income (loss)−$437.00 MShare-based compensation: $1,179,000,000.00Stock-based compensation+$1.18 BRestructuring and other charges: $348,000,000.00Restructuring charges+$348.00 MAmortization of intangibles: $351,000,000.00Intangible amortization+$351.00 M(Gains) losses on equity investments, net: -$208,000,000.00Equity investment gain & loss−$208.00 MAccounts receivable: $80,000,000.00Accounts receivable+$80.00 MInventories: -$366,000,000.00Inventories−$366.00 MAccounts payable: -$386,000,000.00Accounts payable−$386.00 MAccrued compensation and benefits: -$1,289,000,000.00Accrued compensation−$1.29 BIncome taxes: -$591,000,000.00Income taxes, net−$591.00 MOther assets and liabilities: -$2,104,000,000.00Other working capital, net−$2.10 BDepreciation: $2,200,000,000.00Depreciation expense+$2.20 BNet cash used in operating activities: -$1,223,000,000.00. Cash required to fund net payments.Operating cash−$1.22 Boperating reconciliation: $5,381,000,000.00Issuance of commercial paper, net of issuance costs: $793,000,000.00Commercial paper issued+$793.00 MRepayment of commercial paper: $0.00Payments on finance leases: $0.00Partner contributions: $423,000,000.00Partner contributions+$423.00 MIssuance of long-term debt, net of issuance costs: $2,537,000,000.00Long-term debt issued+$2.54 BPayment of dividends to stockholders: -$529,000,000.00Common dividends paid−$529.00 MOther financing: -$220,000,000.00Other financing, net−$220.00 MProceeds from sales of common stock through employee equity incentive plans: $626,000,000.00Stock plan proceeds+$626.00 MNet cash from financing activities: $3,630,000,000.00Financing cash+$3.63 Bfinancing reconciliation: $4,379,000,000.00Additions to property, plant and equipment: -$5,970,000,000.00PP&E purchases−$5.97 BProceeds from capital-related government incentives: $592,000,000.00Capital incentives received+$592.00 MPurchases of short-term investments: -$6,460,000,000.00AFS securities purchases−$6.46 BProceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale: $9,598,000,000.00AFS securities maturities+$9.60 BOther investing: -$323,000,000.00Other investing, net−$323.00 MNet cash used in investing activities: -$2,563,000,000.00. Cash required to fund net payments.Investing cash−$2.56 Binvesting reconciliation: $12,753,000,000.00Cash sources and uses: $10,709,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $7,079,000,000.00Beginning cash$7.08 BEnding cash: Cash, cash equivalents, and restricted cash: $6,923,000,000.00Ending cash$6.92 BCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsNet loss −$437.00M − net operating adjustments $786.00M = operating cash −$1.22BFree cash flow−$7.19 BOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$156.00 MEnding cash − beginning cash
Chart details

INTEL CORPORATION cash flow reconciliation, Dec 31, 2023 through Mar 30, 2024

Cash flows for Dec 31, 2023 through Mar 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 30, 2023. Ending cash: Mar 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 30, 2023
7,079,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 1,223,000,000 US dollars. Net cash used.
Net income (loss)
negative 437,000,000 US dollars
Share-based compensation
1,179,000,000 US dollars
Restructuring and other charges
348,000,000 US dollars
Amortization of intangibles
351,000,000 US dollars
(Gains) losses on equity investments, net
negative 208,000,000 US dollars
Accounts receivable
80,000,000 US dollars
Inventories
negative 366,000,000 US dollars
Accounts payable
negative 386,000,000 US dollars
Accrued compensation and benefits
negative 1,289,000,000 US dollars
Income taxes
negative 591,000,000 US dollars
Other assets and liabilities
negative 2,104,000,000 US dollars
Depreciation
2,200,000,000 US dollars
Investing activities
negative 2,563,000,000 US dollars. Net cash used.
Additions to property, plant and equipment
negative 5,970,000,000 US dollars
Proceeds from capital-related government incentives
592,000,000 US dollars
Purchases of short-term investments
negative 6,460,000,000 US dollars
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale
9,598,000,000 US dollars
Other investing
negative 323,000,000 US dollars
Financing activities
3,630,000,000 US dollars. Net cash provided.
Issuance of commercial paper, net of issuance costs
793,000,000 US dollars
Repayment of commercial paper
0 US dollars
Payments on finance leases
0 US dollars
Partner contributions
423,000,000 US dollars
Issuance of long-term debt, net of issuance costs
2,537,000,000 US dollars
Payment of dividends to stockholders
negative 529,000,000 US dollars
Other financing
negative 220,000,000 US dollars
Proceeds from sales of common stock through employee equity incentive plans
626,000,000 US dollars
Operating adjustment reconciliation
5,381,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
4,379,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
12,753,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Mar 30, 2024
6,923,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
10,709,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 156,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
negative 1,223,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
5,970,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 7,193,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$437.00M − net operating adjustments $786.00M = operating cash −$1.22B. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 1,223,000,000 US dollars minus 5,970,000,000 US dollars equals negative 7,193,000,000 US dollars.
INTEL CORPORATION (INTC) FY2024 Q1 Statement of Cash Flows Sankey chart
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