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: 2009 | |||
Consolidated Statements of Operations | |||
Period Ending Oct 25, 2009 10-K/A (Amendment Filed: Dec 18, 2009) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 25, 2009 | Oct 26, 2008 | Oct 28, 2007 | |
| Net sales | $ 5,013,607 | 8,129,240 | 9,734,856 |
| Cost of products sold | 3,582,802 | 4,686,412 | 5,242,413 |
| Gross margin | 1,430,805 | 3,442,828 | 4,492,443 |
| Operating expenses: | |||
| Research, development and engineering | 934,115 | 1,104,122 | 1,142,073 |
| General and administrative | 406,946 | 505,762 | 501,185 |
| Marketing and selling | 327,572 | 459,402 | 451,258 |
| Restructuring and asset impairments | 155,788 | 39,948 | 26,421 |
| Gain on sale of facility | 0 | 21,837 | 0 |
| Income (loss) from operations | (393,616) | 1,355,431 | 2,371,506 |
| Pretax loss of equity-method investment | 34,983 | 35,527 | 29,371 |
| Impairment of investments | 84,480 | 0 | 0 |
| Interest expense | 21,304 | 20,506 | 38,631 |
| Interest income | 48,580 | 109,320 | 136,149 |
| Income (loss) before income taxes | (485,803) | 1,408,718 | 2,439,653 |
| Provision (benefit) for income taxes | (180,476) | 447,972 | 729,457 |
| Net income (loss) | (305,327) | 960,746 | 1,710,196 |
| Earnings (loss) per share: | |||
| Basic | (0.23) | 0.71 | 1.22 |
| Diluted | (0.23) | 0.70 | 1.20 |
| Weighted average number of shares: | |||
| Basic | 1,333,091 | 1,354,176 | 1,406,685 |
| Diluted | 1,333,091 | 1,374,507 | 1,427,002 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2009 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Oct 25, 2009 10-K/A (Amendment Filed: Dec 18, 2009) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 25, 2009 | Oct 26, 2008 | Oct 28, 2007 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ (305,327) | 960,746 | 1,710,196 |
| Adjustments required to reconcile net income (loss) to cash provided by operating activities: | |||
| Depreciation and amortization | 291,203 | 320,051 | 268,334 |
| Loss on fixed asset retirements | 24,017 | 6,826 | 21,401 |
| Provision for bad debts | 62,539 | 2,456 | 858 |
| Restructuring and asset impairments | 155,788 | 39,948 | 26,421 |
| Acquired in-process research and development expense | 0 | 0 | 4,900 |
| Pretax loss of equity-method investment | 34,983 | 35,527 | 29,371 |
| Impairment of investments | 84,480 | 0 | 0 |
| Net recognized loss on investments | 10,231 | 4,392 | 5,460 |
| Deferred income taxes | 18,863 | (58,259) | 31,642 |
| Excess tax benefits from equity-based compensation plans | 0 | (7,491) | (49,793) |
| Equity-based compensation | 147,160 | 178,943 | 161,196 |
| Changes in operating assets and liabilities, net of amounts acquired: | |||
| Accounts receivable | 586,993 | 421,834 | 33,401 |
| Inventories | 359,560 | (638,256) | 140,933 |
| Other current assets | 94,740 | 94,247 | (164,289) |
| Other assets | (6,530) | (394) | 3,359 |
| Accounts payable and accrued expenses | (660,006) | (260,041) | (107,220) |
| Customer deposits and deferred revenue | (361,455) | 622,645 | 94,747 |
| Income taxes payable | (288,283) | 8,126 | (23,968) |
| Other liabilities | 83,709 | (20,832) | 22,347 |
| Cash provided by operating activities | 332,665 | 1,710,468 | 2,209,296 |
| Cash flows from investing activities: | |||
| Capital expenditures | (248,427) | (287,906) | (264,784) |
| Cash paid for acquisitions, net of cash acquired | 0 | (235,324) | (599,653) |
| Proceeds from sale of facility | 0 | 42,210 | 0 |
| Proceeds from disposition of assets held for sale | 0 | 0 | 37,611 |
| Proceeds from sales and maturities of investments | 1,317,365 | 5,939,509 | 3,053,640 |
| Purchases of investments | (956,249) | (5,534,475) | (3,203,427) |
| Cash provided by (used in) investing activities | 112,689 | (75,986) | (976,613) |
| Cash flows used for financing activities: | |||
| Short-term debt repayments | (750) | (2,117) | (99) |
| Long-term debt repayments | 0 | 0 | (202,040) |
| Proceeds from common stock issuances | 61,824 | 393,978 | 898,025 |
| Common stock repurchases | (22,906) | (1,499,984) | (1,331,997) |
| Excess tax benefit from equity-based compensation plans | 0 | 7,491 | 49,794 |
| Payments of dividends to stockholders | (319,507) | (325,405) | (305,672) |
| Cash used in financing activities | (281,339) | (1,426,037) | (891,989) |
| Effect of exchange rate changes on cash and cash equivalents | 742 | 457 | 565 |
| Increase in cash and cash equivalents | 164,757 | 208,902 | 341,259 |
| Cash and cash equivalents - beginning of year | 1,411,624 | 1,202,722 | |
| Cash and cash equivalents - end of year | 1,576,381 | 1,411,624 | 1,202,722 |
| Supplemental cash flow information: | |||
| Cash payments for income taxes, net | 134,240 | 368,459 | 845,756 |
| Cash payments for interest | 14,372 | 14,580 | 29,104 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLIED MATERIALS INC /DE | ||
Ticker: AMAT Fiscal Year: 2009 | ||
Consolidated Balance Sheets | ||
Period Ending Oct 25, 2009 10-K/A (Amendment Filed: Dec 18, 2009) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Oct 25, 2009 | Oct 26, 2008 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,576,381 | 1,411,624 |
| Short-term investments | 638,349 | 689,044 |
| Accounts receivable, less allowance for doubtful accounts of $67,313 and $5,275 at 2009 and 2008, respectively | 1,041,495 | 1,691,027 |
| Inventories | 1,627,457 | 1,987,017 |
| Deferred income taxes, net | 356,336 | 388,807 |
| Income taxes receivable | 184,760 | 125,605 |
| Other current assets | 264,169 | 371,033 |
| Total current assets | 5,688,947 | 6,664,157 |
| Long-term investments | 1,052,165 | 1,367,056 |
| Property, plant and equipment | 2,906,957 | 2,831,952 |
| Less: accumulated depreciation and amortization | (1,816,524) | (1,737,752) |
| Net property, plant and equipment | 1,090,433 | 1,094,200 |
| Goodwill, net | 1,170,932 | 1,174,673 |
| Purchased technology and other intangible assets, net | 306,416 | 388,429 |
| Equity-method investment | 0 | 79,533 |
| Deferred income taxes and other assets | 265,350 | 238,270 |
| Total assets | 9,574,243 | 11,006,318 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt | 1,240 | 1,068 |
| Accounts payable and accrued expenses | 1,061,502 | 1,545,355 |
| Customer deposits and deferred revenue | 864,280 | 1,225,735 |
| Income taxes payable | 12,435 | 173,394 |
| Total current liabilities | 1,939,457 | 2,945,552 |
| Long-term debt | 200,654 | 201,576 |
| Other liabilities | 339,524 | 310,232 |
| Total liabilities | 2,479,635 | 3,457,360 |
| Commitments and contingencies (Note 13) | ||
| Stockholders' equity: | ||
| Preferred stock: $.01 par value per share; 1,000 shares authorized; no shares issued | 0 | 0 |
| Common stock: $.01 par value per share; 2,500,000 shares authorized; 1,340,917 and 1,330,761 shares outstanding at 2009 and 2008, respectively | 13,409 | 13,308 |
| Additional paid-in capital | 5,195,437 | 5,095,894 |
| Retained earnings | 10,934,004 | 11,601,288 |
| Treasury stock: 508,254 and 513,232 shares at 2009 and 2008, respectively, net | (9,046,562) | (9,134,962) |
| Accumulated other comprehensive loss | (1,680) | (26,570) |
| Total stockholders' equity | 7,094,608 | 7,548,958 |
| Total liabilities and stockholders' equity | 9,574,243 | 11,006,318 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2009 | |||
Consolidated Statements of Operations | |||
Period Ending Oct 25, 2009 10-K (Superseded Filed: Dec 11, 2009) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 25, 2009 | Oct 26, 2008 | Oct 28, 2007 | |
| Net sales | $ 5,013,607 | 8,129,240 | 9,734,856 |
| Cost of products sold | 3,582,802 | 4,686,412 | 5,242,413 |
| Gross margin | 1,430,805 | 3,442,828 | 4,492,443 |
| Operating expenses: | |||
| Research, development and engineering | 934,115 | 1,104,122 | 1,142,073 |
| General and administrative | 406,946 | 505,762 | 501,185 |
| Marketing and selling | 327,572 | 459,402 | 451,258 |
| Restructuring and asset impairments | 155,788 | 39,948 | 26,421 |
| Gain on sale of facility | 0 | 21,837 | 0 |
| Income (loss) from operations | (393,616) | 1,355,431 | 2,371,506 |
| Pretax loss of equity-method investment | 34,983 | 35,527 | 29,371 |
| Impairment of investments | 84,480 | 0 | 0 |
| Interest expense | 21,304 | 20,506 | 38,631 |
| Interest income | 48,580 | 109,320 | 136,149 |
| Income (loss) before income taxes | (485,803) | 1,408,718 | 2,439,653 |
| Provision (benefit) for income taxes | (180,476) | 447,972 | 729,457 |
| Net income (loss) | (305,327) | 960,746 | 1,710,196 |
| Earnings (loss) per share: | |||
| Basic | (0.23) | 0.71 | 1.22 |
| Diluted | (0.23) | 0.70 | 1.20 |
| Weighted average number of shares: | |||
| Basic | 1,333,091 | 1,354,176 | 1,406,685 |
| Diluted | 1,333,091 | 1,374,507 | 1,427,002 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2009 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Oct 25, 2009 10-K (Superseded Filed: Dec 11, 2009) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 25, 2009 | Oct 26, 2008 | Oct 28, 2007 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ (305,327) | 960,746 | 1,710,196 |
| Adjustments required to reconcile net income (loss) to cash provided by operating activities: | |||
| Depreciation and amortization | 291,203 | 320,051 | 268,334 |
| Loss on fixed asset retirements | 24,017 | 6,826 | 21,401 |
| Provision for bad debts | 62,539 | 2,456 | 858 |
| Restructuring and asset impairments | 155,788 | 39,948 | 26,421 |
| Acquired in-process research and development expense | 0 | 0 | 4,900 |
| Pretax loss of equity-method investment | 34,983 | 35,527 | 29,371 |
| Impairment of investments | 84,480 | 0 | 0 |
| Net recognized loss on investments | 10,231 | 4,392 | 5,460 |
| Deferred income taxes | 18,863 | (58,259) | 31,642 |
| Excess tax benefits from equity-based compensation plans | 0 | (7,491) | (49,793) |
| Equity-based compensation | 147,160 | 178,943 | 161,196 |
| Changes in operating assets and liabilities, net of amounts acquired: | |||
| Accounts receivable | 586,993 | 421,834 | 33,401 |
| Inventories | 359,560 | (638,256) | 140,933 |
| Other current assets | 94,740 | 94,247 | (164,289) |
| Other assets | (6,530) | (394) | 3,359 |
| Accounts payable and accrued expenses | (660,006) | (260,041) | (107,220) |
| Customer deposits and deferred revenue | (361,455) | 622,645 | 94,747 |
| Income taxes payable | (288,283) | 8,126 | (23,968) |
| Other liabilities | 83,709 | (20,832) | 22,347 |
| Cash provided by operating activities | 332,665 | 1,710,468 | 2,209,296 |
| Cash flows from investing activities: | |||
| Capital expenditures | (248,427) | (287,906) | (264,784) |
| Cash paid for acquisitions, net of cash acquired | 0 | (235,324) | (599,653) |
| Proceeds from sale of facility | 0 | 42,210 | 0 |
| Proceeds from disposition of assets held for sale | 0 | 0 | 37,611 |
| Proceeds from sales and maturities of investments | 1,317,365 | 5,939,509 | 3,053,640 |
| Purchases of investments | (956,249) | (5,534,475) | (3,203,427) |
| Cash provided by (used in) investing activities | 112,689 | (75,986) | (976,613) |
| Cash flows used for financing activities: | |||
| Short-term debt repayments | (750) | (2,117) | (99) |
| Long-term debt repayments | 0 | 0 | (202,040) |
| Proceeds from common stock issuances | 61,824 | 393,978 | 898,025 |
| Common stock repurchases | (22,906) | (1,499,984) | (1,331,997) |
| Excess tax benefit from equity-based compensation plans | 0 | 7,491 | 49,794 |
| Payments of dividends to stockholders | (319,507) | (325,405) | (305,672) |
| Cash used in financing activities | (281,339) | (1,426,037) | (891,989) |
| Effect of exchange rate changes on cash and cash equivalents | 742 | 457 | 565 |
| Increase in cash and cash equivalents | 164,757 | 208,902 | 341,259 |
| Cash and cash equivalents - beginning of year | 1,411,624 | 1,202,722 | |
| Cash and cash equivalents - end of year | 1,576,381 | 1,411,624 | 1,202,722 |
| Supplemental cash flow information: | |||
| Cash payments for income taxes, net | 134,240 | 368,459 | 845,756 |
| Cash payments for interest | 14,372 | 14,580 | 29,104 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLIED MATERIALS INC /DE | ||
Ticker: AMAT Fiscal Year: 2009 | ||
Consolidated Balance Sheets | ||
Period Ending Oct 25, 2009 10-K (Superseded Filed: Dec 11, 2009) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Oct 25, 2009 | Oct 26, 2008 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,576,381 | 1,411,624 |
| Short-term investments | 638,349 | 689,044 |
| Accounts receivable, less allowance for doubtful accounts of $67,313 and $5,275 at 2009 and 2008, respectively | 1,041,495 | 1,691,027 |
| Inventories | 1,627,457 | 1,987,017 |
| Deferred income taxes, net | 356,336 | 388,807 |
| Income taxes receivable | 184,760 | 125,605 |
| Other current assets | 264,169 | 371,033 |
| Total current assets | 5,688,947 | 6,664,157 |
| Long-term investments | 1,052,165 | 1,367,056 |
| Property, plant and equipment | 2,906,957 | 2,831,952 |
| Less: accumulated depreciation and amortization | (1,816,524) | (1,737,752) |
| Net property, plant and equipment | 1,090,433 | 1,094,200 |
| Goodwill, net | 1,170,932 | 1,174,673 |
| Purchased technology and other intangible assets, net | 306,416 | 388,429 |
| Equity-method investment | 0 | 79,533 |
| Deferred income taxes and other assets | 265,350 | 238,270 |
| Total assets | 9,574,243 | 11,006,318 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt | 1,240 | 1,068 |
| Accounts payable and accrued expenses | 1,061,502 | 1,545,355 |
| Customer deposits and deferred revenue | 864,280 | 1,225,735 |
| Income taxes payable | 12,435 | 173,394 |
| Total current liabilities | 1,939,457 | 2,945,552 |
| Long-term debt | 200,654 | 201,576 |
| Other liabilities | 339,524 | 310,232 |
| Total liabilities | 2,479,635 | 3,457,360 |
| Commitments and contingencies (Note 13) | ||
| Stockholders' equity: | ||
| Preferred stock: $.01 par value per share; 1,000 shares authorized; no shares issued | 0 | 0 |
| Common stock: $.01 par value per share; 2,500,000 shares authorized; 1,340,917 and 1,330,761 shares outstanding at 2009 and 2008, respectively | 13,409 | 13,308 |
| Additional paid-in capital | 5,195,437 | 5,095,894 |
| Retained earnings | 10,934,004 | 11,601,288 |
| Treasury stock: 508,254 and 513,232 shares at 2009 and 2008, respectively, net | (9,046,562) | (9,134,962) |
| Accumulated other comprehensive loss | (1,680) | (26,570) |
| Total stockholders' equity | 7,094,608 | 7,548,958 |
| Total liabilities and stockholders' equity | 9,574,243 | 11,006,318 |
| External Links | |
| APPLIED MATERIALS INC /DE (AMAT) Fiscal Year 2009 | |
| 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 |