10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2018 | |||
Consolidated Statements of Operations | |||
Period Ending Oct 28, 2018 10-K (Filed: Dec 13, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 28, 2018 | Oct 29, 2017 | Oct 30, 2016 | |
| Net sales | $ 17,253 | 14,537 | 10,825 |
| Cost of products sold | 9,436 | 8,005 | 6,314 |
| Gross profit | 7,817 | 6,532 | 4,511 |
| Operating expenses: | |||
| Research, development and engineering | 2,019 | 1,774 | 1,540 |
| Marketing and selling | 521 | 456 | 429 |
| General and administrative | 481 | 434 | 390 |
| Total operating expenses | 3,021 | 2,664 | 2,359 |
| Income from operations | 4,796 | 3,868 | 2,152 |
| Interest expense | 234 | 198 | 155 |
| Interest and other income, net | 132 | 61 | 16 |
| Income before income taxes | 4,694 | 3,731 | 2,013 |
| Provision for income taxes | 1,381 | 297 | 292 |
| Net income | 3,313 | 3,434 | 1,721 |
| Earnings per share: | |||
| Basic (in dollars per share) | 3.27 | 3.20 | 1.56 |
| Diluted (in dollars per share) | 3.23 | 3.17 | 1.54 |
| Weighted average number of shares: | |||
| Basic (in shares) | 1,013 | 1,073 | 1,107 |
| Diluted (in shares) | 1,026 | 1,084 | 1,116 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2018 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Oct 28, 2018 10-K (Filed: Dec 13, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 28, 2018 | Oct 29, 2017 | Oct 30, 2016 | |
| Net income | $ 3,313 | 3,434 | 1,721 |
| Other comprehensive income (loss), net of tax: | |||
| Change in unrealized net gain on investments | (51) | 23 | 16 |
| Change in unrealized net loss on derivative instruments | 4 | 7 | (3) |
| Change in defined and postretirement benefit plans | (17) | 21 | (36) |
| Other comprehensive income (loss), net of tax | (64) | 51 | (23) |
| Comprehensive income | 3,249 | 3,485 | 1,698 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Oct 28, 2018 10-K (Filed: Dec 13, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 28, 2018 | Oct 29, 2017 | Oct 30, 2016 | |
| Cash flows from operating activities: | |||
| Net income | $ 3,313 | 3,434 | 1,721 |
| Adjustments required to reconcile net income to cash provided by operating activities: | |||
| Depreciation and amortization | 457 | 407 | 389 |
| Deferred income taxes | 94 | (11) | 21 |
| Other | 4 | (9) | 38 |
| Share-based compensation | 258 | 220 | 201 |
| Changes in operating assets and liabilities, net of amounts acquired: | |||
| Accounts receivable | (226) | (37) | (542) |
| Inventories | (792) | (879) | (216) |
| Other current and non-current assets | (93) | (157) | 30 |
| Accounts payable and accrued expenses | 179 | 370 | 184 |
| Customer deposits and deferred revenue | (318) | 289 | 611 |
| Income taxes payable | 886 | 121 | 173 |
| Other liabilities | 25 | 41 | (44) |
| Cash provided by operating activities | 3,787 | 3,789 | 2,566 |
| Cash flows from investing activities: | |||
| Capital expenditures | (622) | (345) | (253) |
| Cash paid for acquisitions, net of cash acquired | (6) | (68) | (16) |
| Proceeds from sales and maturities of investments | 3,276 | 2,743 | 1,234 |
| Purchases of investments | (2,077) | (4,856) | (1,390) |
| Cash provided by (used in) investing activities | 571 | (2,526) | (425) |
| Cash flows from financing activities: | |||
| Debt borrowings, net of issuance costs | 0 | 2,176 | 0 |
| Debt repayments | 0 | (205) | (1,207) |
| Proceeds from common stock issuances | 124 | 97 | 88 |
| Common stock repurchases | (5,283) | (1,172) | (1,892) |
| Tax withholding payments for vested equity awards | (164) | (125) | (77) |
| Payments of dividends to stockholders | (605) | (430) | (444) |
| Cash provided by (used in) financing activities | (5,928) | 341 | (3,532) |
| Increase (decrease) in cash and cash equivalents | (1,570) | 1,604 | (1,391) |
| Cash and cash equivalents beginning of year | 5,010 | 3,406 | |
| Cash and cash equivalents end of year | 3,440 | 5,010 | 3,406 |
| Supplemental cash flow information: | |||
| Cash payments for income taxes | 300 | 194 | 157 |
| Cash refunds from income taxes | 63 | 61 | 113 |
| Cash payments for interest | 219 | 186 | 151 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLIED MATERIALS INC /DE | ||
Ticker: AMAT Fiscal Year: 2018 | ||
Consolidated Balance Sheets | ||
Period Ending Oct 28, 2018 10-K (Filed: Dec 13, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Oct 28, 2018 | Oct 29, 2017 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 3,440 | 5,010 |
| Short-term investments | 590 | 2,266 |
| Accounts receivable, net | 2,565 | 2,338 |
| Inventories | 3,722 | 2,930 |
| Other current assets | 430 | 374 |
| Total current assets | 10,747 | 12,918 |
| Long-term investments | 1,568 | 1,143 |
| Property, plant and equipment, net | 1,407 | 1,066 |
| Goodwill | 3,368 | 3,368 |
| Purchased technology and other intangible assets, net | 213 | 412 |
| Deferred income taxes and other assets | 470 | 512 |
| Total assets | 17,773 | 19,419 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | 2,721 | 2,450 |
| Customer deposits and deferred revenue | 1,347 | 1,665 |
| Total current liabilities | 4,068 | 4,115 |
| Long-term debt | 5,309 | 5,304 |
| Income taxes payable | 1,254 | 392 |
| Other liabilities | 303 | 259 |
| Total liabilities | 10,934 | 10,070 |
| Commitments and contingencies (Note 14) | ||
| Stockholders equity: | ||
| 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; 967 and 1,060 shares outstanding at 2018 and 2017, respectively | 10 | 11 |
| Additional paid-in capital | 7,274 | 7,056 |
| Retained earnings | 20,874 | 18,258 |
| Treasury stock: 1,019 and 917 shares at 2018 and 2017, respectively | (21,194) | (15,912) |
| Accumulated other comprehensive loss | (125) | (64) |
| Total stockholders equity | 6,839 | 9,349 |
| Total liabilities and stockholders equity | 17,773 | 19,419 |
| External Links | |
| APPLIED MATERIALS INC /DE (AMAT) Fiscal Year 2018 | |
| 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 |