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: 2010 | |||
Consolidated Statements of Operations | |||
Period Ending Oct 31, 2010 10-K (Filed: Dec 10, 2010) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2010 | Oct 25, 2009 | Oct 26, 2008 | |
| Net sales | $ 9,548,667 | 5,013,607 | 8,129,240 |
| Cost of products sold | 5,833,665 | 3,582,802 | 4,686,412 |
| Gross margin | 3,715,002 | 1,430,805 | 3,442,828 |
| Operating expenses: | |||
| Research, development and engineering | 1,143,521 | 934,115 | 1,104,122 |
| General and administrative | 535,820 | 406,946 | 505,762 |
| Marketing and selling | 406,028 | 327,572 | 459,402 |
| Restructuring charges and asset impairments (Note 12) | 245,925 | 155,788 | 39,948 |
| Gain on sale of facility | 21,837 | ||
| Total operating expenses | 2,331,294 | 1,824,421 | 2,087,397 |
| Income (loss) from operations | 1,383,708 | (393,616) | 1,355,431 |
| Pre-tax loss of equity-method investment | 34,983 | 35,527 | |
| Impairment of investments and strategic investments (Note 3) | 12,665 | 84,480 | |
| Interest expense | 21,507 | 21,304 | 20,506 |
| Interest income | 37,430 | 48,580 | 109,320 |
| Income (loss) before income taxes | 1,386,966 | (485,803) | 1,408,718 |
| Provision (benefit) for income taxes | 449,100 | (180,476) | 447,972 |
| Net income (loss) | 937,866 | (305,327) | 960,746 |
| Earnings (loss) per share: | |||
| Basic | 0.70 | (0.23) | 0.71 |
| Diluted | 0.70 | (0.23) | 0.70 |
| Weighted average number of shares: | |||
| Basic | 1,339,949 | 1,333,091 | 1,354,176 |
| Diluted | 1,348,804 | 1,333,091 | 1,374,507 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Oct 31, 2010 10-K (Filed: Dec 10, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2010 | Oct 25, 2009 | Oct 26, 2008 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ 937,866 | (305,327) | 960,746 |
| Adjustments required to reconcile net income (loss) to cash provided by operating activities: | |||
| Depreciation and amortization | 304,515 | 291,203 | 320,051 |
| Loss on fixed asset retirements | 20,034 | 24,017 | 6,826 |
| Provision for bad debts | 17,000 | 62,539 | 2,456 |
| Restructuring charges and asset impairments | 245,925 | 155,788 | 39,948 |
| Deferred income taxes | (186,057) | 18,863 | (58,259) |
| Net recognized loss on investments | 20,473 | 10,231 | 4,392 |
| Pre-tax loss of equity-method investment | 34,983 | 35,527 | |
| Impairments of investments | 12,665 | 84,480 | |
| Excess tax benefits from share-based compensation plans | (7,491) | ||
| Share-based compensation | 126,070 | 147,160 | 178,943 |
| Changes in operating assets and liabilities, net of amounts acquired: | |||
| Accounts receivable | (766,937) | 586,993 | 421,834 |
| Inventories | 144,626 | 359,560 | (638,256) |
| Income taxes receivable | 183,903 | (59,155) | (125,605) |
| Other current assets | (4,590) | 94,740 | 94,247 |
| Other assets | (6,690) | (6,530) | (394) |
| Accounts payable and accrued expenses | 469,049 | (660,006) | (260,041) |
| Customer deposits and deferred revenue | (22,908) | (361,455) | 622,645 |
| Income taxes payable | 261,909 | (229,128) | 133,731 |
| Employee benefits and other liabilities | (34,000) | 83,709 | (20,832) |
| Cash provided by operating activities | 1,722,853 | 332,665 | 1,710,468 |
| Cash flows from investing activities: | |||
| Capital expenditures | (169,081) | (248,427) | (287,906) |
| Cash paid for acquisitions, net of cash acquired | (322,599) | (235,324) | |
| Proceeds from sale of facility | 42,210 | ||
| Proceeds from sales and maturities of investments | 1,407,804 | 1,317,365 | 5,939,509 |
| Purchases of investments | (1,777,736) | (956,249) | (5,534,475) |
| Cash provided by (used in) investing activities | (861,612) | 112,689 | (75,986) |
| Cash flows used for financing activities: | |||
| Debt repayments, net | (6,441) | (750) | (2,117) |
| Proceeds from common stock issuances | 128,832 | 61,824 | 393,978 |
| Common stock repurchases | (350,000) | (22,906) | (1,499,984) |
| Excess tax benefits from share-based compensation plans | 7,491 | ||
| Payments of dividends to stockholders | (348,522) | (319,507) | (325,405) |
| Cash used in financing activities | (576,131) | (281,339) | (1,426,037) |
| Effect of exchange rate changes on cash and cash equivalents | (3,827) | 742 | 457 |
| Increase in cash and cash equivalents | 281,283 | 164,757 | 208,902 |
| Cash and cash equivalents - beginning of year | 1,576,381 | 1,411,624 | |
| Cash and cash equivalents - end of year | 1,857,664 | 1,576,381 | 1,411,624 |
| Supplemental cash flow information: | |||
| Cash payments for income taxes | 388,144 | 206,537 | 490,826 |
| Cash refunds for income taxes | 200,660 | 72,297 | 122,367 |
| Cash payments for interest | 14,485 | 14,372 | 14,580 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLIED MATERIALS INC /DE | ||
Ticker: AMAT Fiscal Year: 2010 | ||
Consolidated Balance Sheets | ||
Period Ending Oct 31, 2010 10-K (Filed: Dec 10, 2010) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Oct 31, 2010 | Oct 25, 2009 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents (Note 3) | $ 1,857,664 | 1,576,381 |
| Short-term investments (Note 3) | 726,918 | 638,349 |
| Accounts receivable, net (Note 6) | 1,831,006 | 1,041,495 |
| Inventories (Note 7) | 1,547,378 | 1,627,457 |
| Deferred income taxes, net (Note 15) | 512,944 | 356,336 |
| Income taxes receivable (Note 15) | 857 | 184,760 |
| Other current assets | 288,548 | 264,169 |
| Total current assets | 6,765,315 | 5,688,947 |
| Long-term investments (Note 3) | 1,307,283 | 1,052,165 |
| Property, plant and equipment, net (Note 7) | 963,004 | 1,090,433 |
| Goodwill, net (Note 8) | 1,336,426 | 1,170,932 |
| Purchased technology and other intangible assets, net (Note 8) | 286,821 | 306,416 |
| Deferred income taxes and other assets (Note 15) | 284,496 | 265,350 |
| Total assets | 10,943,345 | 9,574,243 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt | 1,258 | 1,240 |
| Accounts payable and accrued expenses (Note 7) | 1,765,966 | 1,061,502 |
| Customer deposits and deferred revenue (Note 7) | 847,231 | 864,280 |
| Income taxes payable (Note 15) | 273,421 | 12,435 |
| Total current liabilities | 2,887,876 | 1,939,457 |
| Long-term debt (Note 11) | 204,271 | 200,654 |
| Employee benefits and other liabilities (Note 14) | 315,085 | 339,524 |
| Total liabilities | 3,407,232 | 2,479,635 |
| Commitments and contingencies (Note 16) | ||
| Stockholders' equity (Note 13): | ||
| 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; 1,327,998 and 1,340,917 shares outstanding at 2010 and 2009, respectively | 13,280 | 13,409 |
| Additional paid-in capital | 5,406,598 | 5,195,437 |
| Retained earnings | 11,510,843 | 10,934,004 |
| Treasury stock: 537,056 and 508,254 shares at 2010 and 2009, respectively, net | (9,396,274) | (9,046,562) |
| Accumulated other comprehensive income (loss) | 1,666 | (1,680) |
| Total stockholders' equity | 7,536,113 | 7,094,608 |
| Total liabilities and stockholders' equity | 10,943,345 | 9,574,243 |
| External Links | |
| APPLIED MATERIALS INC /DE (AMAT) Fiscal Year 2010 | |
| 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 |