Intel Corporation (INTC) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 1.1B | 4.29B | 2.55B | 2.05B | 813M | 3.17B | 4.05B | 2.29B | -1.22B | 4.62B | 5.82B | 2.81B | -1.78B | 7.7B | 1.03B | 809M | 5.89B | 5.8B | 9.9B | 8.75B |
| Operating CF Margin % | 8.07% | 31.36% | 18.65% | 15.94% | 6.42% | 22.2% | 30.52% | 17.86% | -9.61% | 30.01% | 41.14% | 21.69% | -15.24% | 54.86% | 6.72% | 5.28% | 32.1% | 28.24% | 51.58% | 44.55% |
| Operating CF Growth % | 34.81% | 35.48% | -37.2% | -10.56% | 166.48% | -31.55% | -30.39% | -18.38% | 31.48% | -39.97% | 465.44% | 247.1% | -130.3% | 32.88% | -89.6% | -90.75% | 6.18% | -41.39% | 21.04% | -21.61% |
| Net Income | -3.73B | -333M | 4.27B | -3.02B | -887M | -153M | -16.99B | -1.65B | -437M | 2.66B | 310M | 1.47B | -2.77B | -661M | 1.02B | -454M | 8.11B | 4.62B | 6.82B | 5.06B |
| Depreciation & Amortization | 3.14B | 3.03B | 2.99B | 3.01B | 2.67B | 2.65B | 3.61B | 2.57B | 2.55B | 2.51B | 2.45B | 2.28B | 2.37B | 3.29B | 3.25B | 3.15B | 3.35B | 3.07B | 2.96B | 2.86B |
| Stock-Based Compensation | 621M | 538M | 548M | 664M | 684M | 651M | 800M | 780M | 1.18B | 796M | 772M | 922M | 739M | 736M | 793M | 892M | 707M | 449M | 543M | 619M |
| Deferred Taxes | -9M | 205M | 17M | 87M | 19M | 0 | 0 | 0 | -346M | 0 | 193M | 21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.08B | 392M | -3.92B | 362M | 112M | -730M | 11.15B | 1.76B | -208M | -1.23B | 463M | 200M | -112M | 243M | 747M | 200M | -5.43B | -316M | -516M | 90M |
| Working Capital Changes | 0 | 459M | -1.36B | 948M | -1.79B | 750M | 5.48B | -1.16B | -3.96B | -114M | 1.64B | -2.08B | -2.01B | 4.1B | -4.78B | -2.98B | -848M | -2.03B | 91M | 119M |
| Change in Receivables | -217M | -611M | -842M | 590M | 414M | -357M | 10M | 192M | 80M | -559M | 153M | 851M | 286M | 3.34B | -1.41B | 1.01B | 2.38B | -1.06B | -940M | -252M |
| Change in Inventory | -808M | -129M | -108M | 182M | -83M | -136M | -853M | 250M | -366M | 339M | 518M | 1.01B | 231M | -393M | -657M | -239M | -1.15B | -1.13B | -1.09B | -306M |
| Change in Payables | -142M | 578M | -395M | 354M | -240M | 68M | 382M | 570M | -386M | 281M | 20M | -331M | -771M | 456M | -602M | 245M | -128M | 95M | 670M | 122M |
| Cash from Investing | 3.09B | -6.57B | -6.25B | -2.09B | 81M | -3.76B | -2.76B | -9.16B | -2.56B | -5.32B | -7.39B | -2.81B | -8.52B | -3.43B | -4.57B | 168M | -2.64B | -5.03B | -10.68B | -6.9B |
| Capital Expenditures | -3.64B | -3.49B | -2.42B | -3.55B | -5.18B | -5.83B | -6.46B | -5.68B | -5.97B | -6.7B | -5.75B | -5.89B | -7.41B | -5.7B | -7.3B | -7.25B | -4.8B | -7.63B | -4.44B | -3.87B |
| CapEx % of Revenue | 26.78% | 25.51% | 17.76% | 27.61% | 40.92% | 40.91% | 48.61% | 44.28% | 46.92% | 43.46% | 40.63% | 45.47% | 63.28% | 40.59% | 47.59% | 47.35% | 26.14% | 37.18% | 23.14% | 19.7% |
| Acquisitions | -596M | 0 | 0 | -1.94B | 1.94B | 0 | 0 | 0 | 0 | 0 | 122M | 253M | 0 | -4.88B | 0 | 35M | 6.54B | -209M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 67M | 388M | 3.81B | 2.5B | 1.39B | 249M | 525M | 75M | 269M | 1.46B | 60M | -393M | 851M | 1.07B | -944M | -1.2B | -468M | 38M | 240M | -26M |
| Cash from Financing | -1.21B | 5.85B | 5.15B | 782M | -196M | 63M | -3.79B | 11.24B | 3.63B | 152M | 842M | 117M | 7.39B | 2.34B | 3.68B | -2.8B | -1.86B | -3.81B | 3.91B | -2.29B |
| Debt Issued (Net) | 0 | -3.49B | -754M | 501M | -4M | 0 | -3.19B | 552M | 3.33B | 0 | 0 | -81M | 8.02B | 2.49B | 4.66B | -1.69B | -299M | -2B | 4.97B | -500M |
| Equity Issued (Net) | 0 | 4.1B | 8.89B | 0 | 491M | 1M | 355M | 5M | 626M | 1.58B | 850M | 914M | 659M | 1.03B | 383M | 0 | 589M | 4M | 427M | -114M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | -536M | -534M | -529M | -527M | -525M | -524M | -1.51B | -1.51B | -1.5B | -1.5B | -1.49B | -1.41B | -1.41B | -1.41B |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -114M |
| Other Financing | -1.21B | 5.25B | -2.98B | 281M | -683M | 62M | -416M | 11.21B | 203M | -899M | 517M | -192M | 224M | 330M | 138M | 385M | -666M | -393M | -85M | -264M |
| Net Change in Cash | 2.98B | 3.57B | 1.45B | 746M | 698M | -536M | -2.5B | 4.36B | -156M | -542M | -728M | 117M | -2.91B | 6.62B | 139M | -1.82B | 1.39B | -3.04B | 3.12B | -446M |
| Free Cash Flow | -2.54B | 800M | 121M | -1.5B | -4.37B | -2.67B | -2.4B | -3.39B | -7.19B | -2.07B | 71M | -3.08B | -9.2B | 2B | -6.27B | -6.45B | 1.09B | -1.83B | 5.46B | 4.88B |
| FCF Margin % | -18.71% | 5.85% | 0.89% | -11.67% | -34.5% | -18.72% | -18.1% | -26.42% | -56.53% | -13.45% | 0.5% | -23.79% | -78.51% | 14.27% | -40.87% | -42.07% | 5.96% | -8.94% | 28.44% | 24.85% |
| FCF Growth % | 41.88% | 129.97% | 105.03% | 55.75% | 39.25% | -28.81% | -3485.92% | -10.06% | 21.8% | -203.39% | 101.13% | 52.22% | -940.77% | 209.21% | -214.84% | -232.14% | -5.69% | -131.48% | 22.32% | -37.05% |
| FCF per Share | -0.50 | 0.16 | 0.03 | -0.34 | -1.01 | -0.62 | -0.56 | -0.79 | -1.70 | -0.49 | 0.02 | -0.73 | -2.21 | 0.48 | -1.52 | -1.57 | 0.27 | -0.45 | 1.34 | 1.19 |
| FCF Conversion (FCF/Net Income) | -0.29x | -7.26x | 0.63x | -0.70x | -0.99x | -25.12x | -0.24x | -1.42x | 3.21x | 1.73x | 19.61x | 1.90x | 0.65x | -11.60x | 1.01x | -1.78x | 0.73x | 1.25x | 1.45x | 1.73x |
| Interest Paid | 0 | -50M | 642M | -121M | 635M | -112M | 611M | -52M | 540M | -355M | 502M | -78M | 239M | 144M | 101M | 37M | 177M | 274M | -12M | 122M |
| Taxes Paid | 0 | 360M | 146M | 1.57B | 221M | 322M | 325M | 1.24B | 315M | 972M | 129M | 1.25B | 267M | 322M | 634M | 2.99B | 335M | 432M | 721M | 938M |