From Intel's 10Q (Quarters ending May 31, 2001 and April 1, 2000 respectively.)
Are the two bold items the only ones relevant to stock options' effect on cash flow?
Cash flows provided by (used for) operating activities:
Net income $ 485 $ 2,696
Adjustments to reconcile net income to net cash provided by (used for)
operating activities:
Depreciation 934 897
Amortization of goodwill and other acquisition-related intangibles 585 313
and costs
Purchased in-process research and development 75 62
Gains on equity investments, net -- (449)
Net loss on retirements of property, plant and equipment 21 15
Deferred taxes (20) (115)
Changes in assets and liabilities:
Accounts receivable 734 40
Inventories (374) (44)
Accounts payable (68) 370
Accrued compensation and benefits (929) (681)
Income taxes payable (427) (164)
Tax benefit from employee stock plans 69 302
Other assets and liabilities 96 39
Total adjustments 696 585
Net cash provided by operating activities 1,181 3,281
Cash flows provided by (used for) investing activities:
Additions to property, plant and equipment (2,664) (1,074)
Acquisitions, net of cash acquired (498) (1,406)
Purchases of available-for-sale investments (2,438) (2,227)
Maturities and sales of available-for-sale investments 5,221 4,900
Other investing activities (167) (293)
Net cash used for investing activities (546) (100)
Cash flows provided by (used for) financing activities:
Increase in short-term debt, net 87 143
Additions to long-term debt 11 --
Retirement of long-term debt -- (46)
Proceeds from sales of shares through employee stock plans and other 287 331
Repurchase and retirement of common stock (1,001) (1,000)
Payment of dividends to stockholders (134) (100)
Net cash used for financing activities (750) (672)
Net increase (decrease) in cash and cash equivalents $ (115) $ 2,509
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest $ 13 $ 14
Income taxes $ 803 $ 475
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