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: 2020 | |||
Consolidated Statements of Operations | |||
Period Ending Oct 25, 2020 10-K (Filed: Dec 11, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 25, 2020 | Oct 27, 2019 | Oct 28, 2018 | |
| Net sales | $ 17,202 | 14,608 | 16,705 |
| Cost of products sold | 9,510 | 8,222 | 9,188 |
| Gross profit | 7,692 | 6,386 | 7,517 |
| Operating expenses: | |||
| Research, development and engineering | 2,234 | 2,054 | 2,022 |
| Marketing and selling | 526 | 521 | 521 |
| General and administrative | 567 | 461 | 483 |
| Total operating expenses | 3,327 | 3,036 | 3,026 |
| Income from operations | 4,365 | 3,350 | 4,491 |
| Interest expense | 240 | 237 | 234 |
| Interest and other income, net | 41 | 156 | 139 |
| Income before income taxes | 4,166 | 3,269 | 4,396 |
| Provision for income taxes | 547 | 563 | 1,358 |
| Net income | 3,619 | 2,706 | 3,038 |
| Earnings per share: | |||
| Basic (in dollars per share) | 3.95 | 2.89 | 3.00 |
| Diluted (in dollars per share) | 3.92 | 2.86 | 2.96 |
| Weighted average number of shares: | |||
| Basic (in shares) | 916 | 937 | 1,013 |
| Diluted (in shares) | 923 | 945 | 1,026 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Oct 25, 2020 10-K (Filed: Dec 11, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 25, 2020 | Oct 27, 2019 | Oct 28, 2018 | |
| Net income | $ 3,619 | 2,706 | 3,038 |
| Other comprehensive income (loss), net of tax: | |||
| Change in unrealized gain (loss) on available-for-sale investments | 9 | 21 | (51) |
| Change in unrealized net loss on derivative instruments | (117) | ||
| Change in unrealized net loss on derivative instruments | (7) | 4 | |
| Change in defined and postretirement benefit plans | (11) | (51) | (17) |
| Change in cumulative translation adjustments | 0 | (1) | 0 |
| Other comprehensive loss, net of tax | (119) | (38) | (64) |
| Comprehensive income | 3,500 | 2,668 | 2,974 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Oct 25, 2020 10-K (Filed: Dec 11, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 25, 2020 | Oct 27, 2019 | Oct 28, 2018 | |
| Cash flows from operating activities: | |||
| Net income | $ 3,619 | 2,706 | 3,038 |
| Adjustments required to reconcile net income to cash provided by operating activities: | |||
| Depreciation and amortization | 376 | 363 | 457 |
| Deferred income taxes | 80 | 49 | 71 |
| Other | 60 | (19) | 4 |
| Share-based compensation | 307 | 263 | 258 |
| Changes in operating assets and liabilities, net of amounts acquired: | |||
| Accounts receivable | (427) | (207) | 16 |
| Inventories | (421) | 248 | (1,014) |
| Other current and non-current assets | (161) | (86) | (199) |
| Accounts payable and accrued expenses | 327 | (247) | 170 |
| Contract liabilities | (16) | 135 | 75 |
| Income taxes payable | (10) | 44 | 886 |
| Other liabilities | 70 | (2) | 25 |
| Cash provided by operating activities | 3,804 | 3,247 | 3,787 |
| Cash flows from investing activities: | |||
| Capital expenditures | (422) | (441) | (622) |
| Cash paid for acquisitions, net of cash acquired | (107) | (28) | (6) |
| Proceeds from sales and maturities of investments | 1,754 | 1,940 | 3,276 |
| Purchases of investments | (1,355) | (1,914) | (2,077) |
| Cash provided by (used in) investing activities | (130) | (443) | 571 |
| Cash flows from financing activities: | |||
| Debt borrowings, net of issuance costs | 2,979 | 0 | 0 |
| Debt repayments | (2,882) | 0 | 0 |
| Proceeds from common stock issuances | 174 | 145 | 124 |
| Common stock repurchases | (649) | (2,403) | (5,283) |
| Tax withholding payments for vested equity awards | (172) | (86) | (164) |
| Payments of dividends to stockholders | (787) | (771) | (605) |
| Cash used in financing activities | (1,337) | (3,115) | (5,928) |
| Increase (decrease) in cash and cash equivalents | 2,337 | (311) | (1,570) |
| Cash and cash equivalents - beginning of year | 3,129 | 3,440 | |
| Cash and cash equivalents - end of year | 5,466 | 3,129 | 3,440 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | |||
| Cash and cash equivalents | 5,351 | 3,129 | 3,440 |
| Restricted cash equivalents included in deferred income taxes and other assets | 115 | 0 | 0 |
| Total cash, cash equivalents, and restricted cash equivalents | 5,466 | 3,129 | 3,440 |
| Supplemental cash flow information: | |||
| Cash payments for income taxes | 542 | 522 | 300 |
| Cash refunds from income taxes | 68 | 22 | 63 |
| Cash payments for interest | 219 | 219 | 219 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLIED MATERIALS INC /DE | ||
Ticker: AMAT Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Oct 25, 2020 10-K (Filed: Dec 11, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Oct 25, 2020 | Oct 27, 2019 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 5,351 | 3,129 |
| Short-term investments | 387 | 489 |
| Accounts receivable, net | 2,963 | 2,533 |
| Inventories | 3,904 | 3,474 |
| Other current assets | 764 | 581 |
| Total current assets | 13,369 | 10,206 |
| Long-term investments | 1,538 | 1,703 |
| Property, plant and equipment, net | 1,604 | 1,529 |
| Goodwill | 3,466 | 3,399 |
| Purchased technology and other intangible assets, net | 153 | 156 |
| Deferred income taxes and other assets | 2,223 | 2,031 |
| Total assets | 22,353 | 19,024 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt | 0 | 600 |
| Accounts payable and accrued expenses | 3,138 | 2,511 |
| Contract liabilities | 1,321 | 1,336 |
| Total current liabilities | 4,459 | 4,447 |
| Long-term debt, net of current portion | 5,448 | 4,713 |
| Income taxes payable | 1,206 | 1,275 |
| Other | 662 | 375 |
| Total liabilities | 11,775 | 10,810 |
| 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; 914 and 916 shares outstanding at 2020 and 2019, respectively | 9 | 9 |
| Additional paid-in capital | 7,904 | 7,595 |
| Retained earnings | 27,209 | 24,386 |
| Treasury stock: 1,091 and 1,079 shares at 2020 and 2019, respectively | (24,245) | (23,596) |
| Accumulated other comprehensive loss | (299) | (180) |
| Total stockholders equity | 10,578 | 8,214 |
| Total liabilities and stockholders equity | 22,353 | 19,024 |
| External Links | |
| APPLIED MATERIALS INC /DE (AMAT) Fiscal Year 2020 | |
| 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 |