Final-Financials-Intel

Final-Financials-Intel - UNITED STATES SECURITIES AND...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Commission File Number 0-6217 INTEL CORPORATION Delaware 94-1672743 (I.R.S. Employer Identification No.) 2200 Mission College Boulevard, Santa Clara, California, 95052-8119 (408) 765-8080
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INTEL CORPORATION CONSOLIDATED BALANCE SHEETS December 28, 2002 and December 29, 2001 (In Millions—Except Par Value) 2002 2001 Assets Current assets: Cash and cash equivalents $ 7,404 $ 7,970 Short-term investments 3,382 2,356 Trading assets 1,801 1,224 Accounts receivable, net of allowance for doubtful accounts of $57 ($68 in 2001) 2,574 2,607 Inventories 2,276 2,253 Deferred tax assets 1,136 958 Other current assets 352 265 Total current assets 18,925 17,633 Property, plant and equipment: Land and buildings 11,374 10,709 Machinery and equipment 22,800 21,605 Construction in progress 2,738 2,042 36,912 34,356 Less accumulated depreciation 19,065 16,235 Property, plant and equipment, net 17,847 18,121 Long-term investments 1,234 1,474 Goodwill 4,330 4,330 Other assets 1,888 2,837 Total assets $ 44,224 $ 44,395 Liabilities and stockholders' equity Current liabilities: Short-term debt $ 436 $ 409 Accounts payable 1,543 1,769 Accrued compensation and benefits 1,287 1,179 Accrued advertising 622 560 Deferred income on shipments to distributors 475 418 Other accrued liabilities 1,075 1,247 Income taxes payable 1,157 988 Total current liabilities 6,595 6,570 Long-term debt 929 1,050 Deferred tax liabilities 1,232 945 Commitments and contingencies Stockholders' equity: Preferred stock, $0.001 par value, 50 shares authorized; none issued Common stock, $0.001 par value, 10,000 shares authorized; 6,575 issued and outstanding (6,690 in 2001) and capital in excess of par value 7,641 8,833 Acquisition-related unearned stock compensation (63 (178 ) Accumulated other comprehensive income 43 25 Retained earnings 27,847 27,150 Total stockholders' equity 35,468 35,830 Total liabilities and stockholders' equity $ 44,224 $ 44,395
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INTEL CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS Three Years Ended December 28, 2002 (In Millions) 2002 2001 2000 Net Income $ 3,117 $ $ 10,535 . . . Net cash provided by operating activities 9,129 8,789 12,827 Cash flows provided by (used for) investing activities: Additions to property, plant and equipment (4,703 ) ) (6,674 ) Acquisitions, net of cash acquired (57 ) ) (2,317 ) Purchases of available-for-sale investments (6,309 ) ) (17,188 ) Maturities and sales of available-for- sale investments 5,634 17,124 Other investing activities (330 ) ) (980 ) Net cash used for investing activities (5,765 ) (330 ) (10,035 ) Cash flows provided by (used for) financing activities: Increase (decrease) in short-term debt, net (101 ) 138 Additions to long-term debt 55 77 Repayment and retirement of long-term debt (18 ) ) (46 ) Proceeds from sales of shares through employee stock plans and other 681 797 Repurchase and retirement of common stock (4,014 ) ) (4,007 ) Payment of dividends to stockholders (533 ) ) (470 ) Net cash used for financing activities (3,930 ) (3,465 ) (3,511 )
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Final-Financials-Intel - UNITED STATES SECURITIES AND...

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