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: 2019 | |||
Consolidated Statements of Operations | |||
Period Ending Oct 27, 2019 10-K (Filed: Dec 13, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 27, 2019 | Oct 28, 2018 | Oct 29, 2017 | |
| Net sales | $ 14,608 | 16,705 | 14,698 |
| Cost of products sold | 8,222 | 9,188 | 8,086 |
| Gross profit | 6,386 | 7,517 | 6,612 |
| Operating expenses: | |||
| Research, development and engineering | 2,054 | 2,022 | 1,781 |
| Marketing and selling | 521 | 521 | 457 |
| General and administrative | 461 | 483 | 438 |
| Total operating expenses | 3,036 | 3,026 | 2,676 |
| Income from operations | 3,350 | 4,491 | 3,936 |
| Interest expense | 237 | 234 | 198 |
| Interest and other income, net | 156 | 139 | 78 |
| Income before income taxes | 3,269 | 4,396 | 3,816 |
| Provision for income taxes | 563 | 1,358 | 297 |
| Net income | 2,706 | 3,038 | 3,519 |
| Earnings per share: | |||
| Basic (in dollars per share) | 2.89 | 3.00 | 3.28 |
| Diluted (in dollars per share) | 2.86 | 2.96 | 3.25 |
| Weighted average number of shares: | |||
| Basic (in shares) | 937 | 1,013 | 1,073 |
| Diluted (in shares) | 945 | 1,026 | 1,084 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Oct 27, 2019 10-K (Filed: Dec 13, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 27, 2019 | Oct 28, 2018 | Oct 29, 2017 | |
| Net income | $ 2,706 | 3,038 | 3,519 |
| Other comprehensive income (loss), net of tax: | |||
| Change in unrealized gain (loss) on available-for-sale investments | 21 | (51) | 23 |
| Change in unrealized net loss on derivative instruments | (7) | 4 | 7 |
| Change in defined and postretirement benefit plans | (51) | (17) | 21 |
| Change in cumulative translation adjustments | (1) | 0 | 0 |
| Other comprehensive income (loss), net of tax | (38) | (64) | 51 |
| Comprehensive income | 2,668 | 2,974 | 3,570 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Oct 27, 2019 10-K (Filed: Dec 13, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 27, 2019 | Oct 28, 2018 | Oct 29, 2017 | |
| Cash flows from operating activities: | |||
| Net income | $ 2,706 | 3,038 | 3,519 |
| Adjustments required to reconcile net income to cash provided by operating activities: | |||
| Depreciation and amortization | 363 | 457 | 407 |
| Deferred income taxes | 49 | 71 | (12) |
| Other | (19) | 4 | (9) |
| Share-based compensation | 263 | 258 | 220 |
| Changes in operating assets and liabilities, net of amounts acquired: | |||
| Accounts receivable | (207) | 16 | (37) |
| Inventories | 248 | (1,014) | (809) |
| Other current and non-current assets | (86) | (199) | (156) |
| Accounts payable and accrued expenses | (247) | 170 | 371 |
| Contract liabilities | 135 | 75 | 133 |
| Income taxes payable | 44 | 886 | 121 |
| Other liabilities | (2) | 25 | 41 |
| Cash provided by operating activities | 3,247 | 3,787 | 3,789 |
| Cash flows from investing activities: | |||
| Capital expenditures | (441) | (622) | (345) |
| Cash paid for acquisitions, net of cash acquired | (28) | (6) | (68) |
| Proceeds from sales and maturities of investments | 1,940 | 3,276 | 2,743 |
| Purchases of investments | (1,914) | (2,077) | (4,856) |
| Cash provided by (used in) investing activities | (443) | 571 | (2,526) |
| Cash flows from financing activities: | |||
| Debt borrowings, net of issuance costs | 0 | 0 | 2,176 |
| Debt repayments | 0 | 0 | (205) |
| Proceeds from common stock issuances | 145 | 124 | 97 |
| Common stock repurchases | (2,403) | (5,283) | (1,172) |
| Tax withholding payments for vested equity awards | (86) | (164) | (125) |
| Payments of dividends to stockholders | (771) | (605) | (430) |
| Cash provided by (used in) financing activities | (3,115) | (5,928) | 341 |
| Increase (decrease) in cash and cash equivalents | (311) | (1,570) | 1,604 |
| Cash and cash equivalents - beginning of year | 3,440 | 5,010 | |
| Cash and cash equivalents - end of year | 3,129 | 3,440 | 5,010 |
| Supplemental cash flow information: | |||
| Cash payments for income taxes | 522 | 300 | 194 |
| Cash refunds from income taxes | 22 | 63 | 61 |
| Cash payments for interest | 219 | 219 | 186 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLIED MATERIALS INC /DE | ||
Ticker: AMAT Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Oct 27, 2019 10-K (Filed: Dec 13, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Oct 27, 2019 | Oct 28, 2018 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 3,129 | 3,440 |
| Short-term investments | 489 | 590 |
| Accounts receivable, net | 2,533 | 2,323 |
| Inventories | 3,474 | 3,721 |
| Other current assets | 581 | 530 |
| Total current assets | 10,206 | 10,604 |
| Long-term investments | 1,703 | 1,568 |
| Property, plant and equipment, net | 1,529 | 1,407 |
| Goodwill | 3,399 | 3,368 |
| Purchased technology and other intangible assets, net | 156 | 213 |
| Deferred income taxes and other assets | 2,031 | 473 |
| Total assets | 19,024 | 17,633 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt | 600 | 0 |
| Accounts payable and accrued expenses | 2,511 | 2,721 |
| Contract liabilities | 1,336 | 1,201 |
| Total current liabilities | 4,447 | 3,922 |
| Long-term debt | 4,713 | 5,309 |
| Income taxes payable | 1,275 | 1,254 |
| Other liabilities | 375 | 303 |
| Total liabilities | 10,810 | 10,788 |
| Commitments and contingencies | ||
| Stockholders equity: | ||
| Preferred stock: $0.01 par value per share; 1 shares authorized; no shares issued | 0 | 0 |
| Common stock: $0.01 par value per share; 2,500 shares authorized; 916 and 967 shares outstanding at 2019 and 2018, respectively | 9 | 10 |
| Additional paid-in capital | 7,595 | 7,274 |
| Retained earnings | 24,386 | 20,880 |
| Treasury stock: 1,079 and 1,019 shares at 2019 and 2018, respectively | (23,596) | (21,194) |
| Accumulated other comprehensive loss | (180) | (125) |
| Total stockholders equity | 8,214 | 6,845 |
| Total liabilities and stockholders equity | 19,024 | 17,633 |
| External Links | |
| APPLIED MATERIALS INC /DE (AMAT) Fiscal Year 2019 | |
| 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 |