Question
Use the Intel Annual Report link ( http://files.shareholder.com/downloads/INTC/3501642278x0xS50863-14-20/50863/filing.pdf ). 2013 financial statements and the accompanying notes to answer the following questions. Part of your grade
Use the "Intel Annual Report" link ( http://files.shareholder.com/downloads/INTC/3501642278x0xS50863-14-20/50863/filing.pdf ). 2013 financial statements and the accompanying notes to answer the following questions. Part of your grade will be based on the structure and organization of your project, therefore clearly identify each section and numbered item to which you are responding. Indicate the page number of the annual report where you found the answer(s) to each question. Additionally, show all relevant calculations in a table(s) in your Word document. Throughout the eight weeks of this course, Intermediate Accounting II, you should develop responses to the following questions to complete your Portfolio Project:
Week 1 1) What are the maturities on Intels Long-term debt? 2) What are Intels projected obligations on Long-Term Debt and Payments due by period? 3) What is the par or stated value of Intels preference shares? 4) What is the par or stated value of Intels ordinary shares? 5) What percentage of Intels authorized ordinary shares was issued at Dec 28, 2013? 6) How many ordinary shares were outstanding at Dec 28, 2013, and Dec 29, 2012?
Week 2 Under Intels equity-based compensation plan, share options are granted annually to key managers and directors. 1) How many options were granted and exercisable in 2012 and 2013 under the plan? 2) What number of diluted weighted-average shares outstanding was used by Intel in computing earnings per share for 2012 and 2013? What were Intels diluted earnings per share in 2012 and 2013? 3) What other equity-based compensation plans does Intel have? 4) What investments does Intel report in 2013? 5) How does Intel determine fair value? 6) How does Intel use derivative financial instruments?
Week 3 1) What amounts relative to income taxes does Intel report in its: a. 2013 income statement? b. 28 Dec 2013 balance sheet? c. 2013 statement of cash flows? 2) Intels provision for income taxes in 2012 and 2013 was computed at what effective tax rates? 3) How much of Intels 2013 total provision for income taxes was current tax expense, and how much was deferred tax expense? 4) What did Intel report as the significant components (the details) of its 28 December, 2013, deferred tax assets and liabilities?
Week 4 1) What kind of pension plan does Intel provide its employees? 2) What was Intels pension expense for 2012 and 2013? 3) What is the impact of Intels pension plans on its 2012 and 2013 consolidated balance sheets? 4) What information does Intel provide on the target allocation of its pension assets? How do the allocations relate to the expected returns on these assets?
Week 5 1) What types of leases are used by Intel? 2) What amount of operating leases was reported by Intel for various years?
Week 6 1) Were there changes in accounting policies reported by Intel during the two years covered by its income statements (20122013)? If so, describe the nature of the change and the year of change. 2) What types of estimates did Intel discuss in 2013?
Week 7 1) Which method of computing net cash provided by operating activities does Intel use? What were the amounts of net cash provided by operating activities for the years 2012 and 2013? 2) What was the most significant item in the cash flows used for investing activities section in 2013? 3) What was the most significant item in the cash flows used for financing activities section in 2013? 4) Where is deferred income taxes reported in Intels statement of cash flows? Why does it appear in that section of the statement of cash flows? 5) Where is depreciation reported in Intels statement of cash flows? Why is depreciation added to net income in the statement of cash flows?
Week 8 1) What specific items does Intel discuss in its Note 2Summary of Significant Accounting Policies? (List the headings only.) 2) For what segments did Intel report segmented information? Which segment is the largest? Who is Intels largest customer?
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