10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2012 | |||
Consolidated Statements of Operations | |||
Period Ending Oct 28, 2012 10-K (Filed: Dec 5, 2012) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 28, 2012 | Oct 30, 2011 | Oct 31, 2010 | |
| Net sales | $ 8,719 | 10,517 | 9,549 |
| Cost of products sold | 5,406 | 6,157 | 5,834 |
| Gross margin | 3,313 | 4,360 | 3,715 |
| Operating expenses: | |||
| Research, development and engineering | 1,237 | 1,118 | 1,143 |
| Selling, general and administrative | 1,076 | 901 | 942 |
| Impairment of goodwill (Note 9) | 421 | 0 | 0 |
| Restructuring charges and asset impairments (Note 11) | 168 | (30) | 246 |
| Gain on sale of facilities, net (Note 7) | 0 | (27) | 0 |
| Total operating expenses | 2,902 | 1,962 | 2,331 |
| Income from operations | 411 | 2,398 | 1,384 |
| Impairments of strategic investments | 17 | 3 | 13 |
| Interest and other expenses (Note 10) | 95 | 59 | 21 |
| Interest and other income, net | 17 | 42 | 37 |
| Income before income taxes | 316 | 2,378 | 1,387 |
| Provision for income taxes | 207 | 452 | 449 |
| Net income | 109 | 1,926 | 938 |
| Earnings per share: | |||
| Basic (in dollars) | 0.09 | 1.46 | 0.70 |
| Diluted (in dollars) | 0.09 | 1.45 | 0.70 |
| Weighted average number of shares: | |||
| Basic (in shares) | 1,266 | 1,319 | 1,340 |
| Diluted (in shares) | 1,277 | 1,330 | 1,349 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2012 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Oct 28, 2012 10-K (Filed: Dec 5, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 28, 2012 | Oct 30, 2011 | Oct 31, 2010 | |
| Net income | $ 109 | 1,926 | 938 |
| Other comprehensive income, net of tax [Abstract] | |||
| Change in unrealized net gain (loss) on investments | (1) | (8) | 4 |
| Change in unrealized net gain (loss) on derivative investments | 1 | (4) | 4 |
| Change in defined benefit plan liability (Notes 12 and 13) | (65) | 14 | (6) |
| Change in cumulative translation adjustments | (2) | 2 | 2 |
| Other comprehensive income (loss), net of tax | (67) | 4 | 4 |
| Comprehensive income | 42 | 1,930 | 942 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Oct 28, 2012 10-K (Filed: Dec 5, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 28, 2012 | Oct 30, 2011 | Oct 31, 2010 | |
| Cash flows from operating activities: | |||
| Net income | $ 109 | 1,926 | 938 |
| Adjustments required to reconcile net income to cash provided by operating activities: | |||
| Depreciation and amortization | 422 | 246 | 305 |
| Net loss (gain) on dispositions and fixed asset retirements | 7 | (13) | 20 |
| Provision for bad debts | 14 | 5 | 17 |
| Impairment of goodwill | 421 | 0 | 0 |
| Restructuring charges and asset impairments | 168 | (30) | 246 |
| Deferred income taxes | 161 | 122 | (186) |
| Net recognized loss on investments | 23 | 19 | 20 |
| Impairments of strategic investments | 17 | 3 | 13 |
| Share-based compensation | 182 | 146 | 126 |
| Changes in operating assets and liabilities, net of amounts acquired: | |||
| Accounts receivable | 493 | 292 | (767) |
| Inventories | 679 | (163) | 145 |
| Other current assets | 37 | (23) | 179 |
| Other assets | 9 | (38) | (7) |
| Accounts payable and accrued expenses | (435) | (221) | 469 |
| Customer deposits and deferred revenue | (412) | 267 | (23) |
| Income taxes payable | (34) | (89) | 262 |
| Employee benefits and other liabilities | (10) | (20) | (34) |
| Cash provided by operating activities | 1,851 | 2,429 | 1,723 |
| Cash flows from investing activities: | |||
| Capital expenditures | (162) | (209) | (169) |
| Cash paid for acquisitions, net of cash acquired | (4,190) | 0 | (323) |
| Proceeds from sale of facilities and dispositions | 0 | 130 | 0 |
| Proceeds from sales and maturities of investments | 1,019 | 1,923 | 1,408 |
| Purchases of investments | (1,327) | (1,137) | (1,778) |
| Cash provided by (used in) investing activities | (4,660) | 707 | (862) |
| Cash flows from financing activities: | |||
| Debt borrowings (repayments), net | (1) | 1,744 | (6) |
| Payments of debt issuance costs | 0 | (14) | 0 |
| Proceeds from common stock issuances | 97 | 95 | 129 |
| Common stock repurchases | (1,416) | (468) | (350) |
| Payments of dividends to stockholders | (434) | (397) | (349) |
| Cash provided by (used in) financing activities | (1,754) | 960 | (576) |
| Effect of exchange rate changes on cash and cash equivalents | (5) | 6 | (3) |
| Increase (decrease) in cash and cash equivalents | (4,568) | 4,102 | 282 |
| Cash and cash equivalents - beginning of year | 5,960 | 1,858 | |
| Cash and cash equivalents - end of year | 1,392 | 5,960 | 1,858 |
| Supplemental cash flow information: | |||
| Cash payments for income taxes | 243 | 761 | 388 |
| Cash refunds from income taxes | 79 | 289 | 201 |
| Cash payments for interest | 94 | 14 | 14 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLIED MATERIALS INC /DE | ||
Ticker: AMAT Fiscal Year: 2012 | ||
Consolidated Balance Sheets | ||
Period Ending Oct 28, 2012 10-K (Filed: Dec 5, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Oct 28, 2012 | Oct 30, 2011 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents (Notes 3 and 4) | $ 1,392 | 5,960 |
| Short-term investments (Notes 3 and 4) | 545 | 283 |
| Accounts receivable, net (Note 6) | 1,220 | 1,532 |
| Inventories (Note 7) | 1,272 | 1,701 |
| Deferred income taxes, net (Note 14) | 369 | 580 |
| Other current assets | 304 | 299 |
| Total current assets | 5,102 | 10,355 |
| Long-term investments (Notes 3 and 4) | 1,055 | 931 |
| Property, plant and equipment, net (Note 7) | 910 | 866 |
| Goodwill (Notes 8 and 9) | 3,518 | 1,335 |
| Purchased technology and other intangible assets, net (Notes 8 and 9) | 1,355 | 211 |
| Deferred income taxes and other assets (Note 14) | 162 | 163 |
| Total assets | 12,102 | 13,861 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses (Note 7) | 1,436 | 1,520 |
| Customer deposits and deferred revenue (Note 7) | 755 | 1,116 |
| Income taxes payable (Note 14) | 74 | 158 |
| Total current liabilities | 2,265 | 2,794 |
| Long-term debt (Note 10) | 1,946 | 1,947 |
| Deferred income taxes and income taxes payable (Note 14) | 341 | 104 |
| Employee benefits and other liabilities (Note 13) | 315 | 216 |
| Total liabilities | 4,867 | 5,061 |
| Commitments and contingencies (Note 15) | ||
| Stockholders' equity (Note 12): | ||
| Preferred stock: $.01 par value per share; 1 shares authorized; no shares issued | 0 | 0 |
| Common stock: $.01 par value per share; 2,500 shares authorized; 1,197 and 1,306 shares outstanding at 2012 and 2011, respectively | 12 | 13 |
| Additional paid-in capital | 5,863 | 5,616 |
| Retained earnings | 12,700 | 13,029 |
| Treasury stock: 699 and 573 shares at 2012 and 2011, respectively, net | (11,279) | (9,864) |
| Accumulated other comprehensive income (loss) | (61) | 6 |
| Total stockholders' equity | 7,235 | 8,800 |
| Total liabilities and stockholders' equity | 12,102 | 13,861 |
| External Links | |
| APPLIED MATERIALS INC /DE (AMAT) Fiscal Year 2012 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |