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: 2021 | |||
Consolidated Statements of Operations | |||
Period Ending Oct 31, 2021 10-K (Filed: Dec 17, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2021 | Oct 25, 2020 | Oct 27, 2019 | |
| Net sales | $ 23,063 | 17,202 | 14,608 |
| Cost of products sold | 12,149 | 9,510 | 8,222 |
| Gross profit | 10,914 | 7,692 | 6,386 |
| Operating expenses: | |||
| Research, development and engineering | 2,485 | 2,234 | 2,054 |
| Marketing and selling | 609 | 526 | 521 |
| General and administrative | 620 | 567 | 461 |
| Severance and related charges | 157 | 0 | 0 |
| Deal termination fee | 154 | 0 | 0 |
| Total operating expenses | 4,025 | 3,327 | 3,036 |
| Income from operations | 6,889 | 4,365 | 3,350 |
| Interest expense | 236 | 240 | 237 |
| Interest and other income, net | 118 | 41 | 156 |
| Income before income taxes | 6,771 | 4,166 | 3,269 |
| Provision for income taxes | 883 | 547 | 563 |
| Net income | 5,888 | 3,619 | 2,706 |
| Earnings per share: | |||
| Basic (in dollars per share) | 6.47 | 3.95 | 2.89 |
| Diluted (in dollars per share) | 6.40 | 3.92 | 2.86 |
| Weighted average number of shares: | |||
| Basic (in shares) | 910 | 916 | 937 |
| Diluted (in shares) | 919 | 923 | 945 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2021 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Oct 31, 2021 10-K (Filed: Dec 17, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2021 | Oct 25, 2020 | Oct 27, 2019 | |
| Net income | $ 5,888 | 3,619 | 2,706 |
| Other comprehensive income (loss), net of tax: | |||
| Change in unrealized gain (loss) on available-for-sale investments | (21) | 9 | 21 |
| Change in unrealized net loss on derivative instruments | 30 | (117) | |
| Change in unrealized net loss on derivative instruments | (7) | ||
| Change in defined and postretirement benefit plans | 30 | (11) | (51) |
| Change in cumulative translation adjustments | 0 | 0 | (1) |
| Other comprehensive income (loss), net of tax | 39 | (119) | (38) |
| Comprehensive income | 5,927 | 3,500 | 2,668 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Oct 31, 2021 10-K (Filed: Dec 17, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2021 | Oct 25, 2020 | Oct 27, 2019 | |
| Cash flows from operating activities: | |||
| Net income | $ 5,888 | 3,619 | 2,706 |
| Adjustments required to reconcile net income to cash provided by operating activities: | |||
| Depreciation and amortization | 394 | 376 | 363 |
| Severance and related charges | 148 | 0 | 0 |
| Deferred income taxes | 80 | 80 | 49 |
| Other | (70) | 60 | (19) |
| Share-based compensation | 346 | 307 | 263 |
| Changes in operating assets and liabilities, net of amounts acquired: | |||
| Accounts receivable | (1,989) | (427) | (207) |
| Inventories | (405) | (421) | 248 |
| Other current and non-current assets | (602) | (161) | (86) |
| Accounts payable and accrued expenses | 465 | 327 | (247) |
| Contract liabilities | 755 | (16) | 135 |
| Income taxes payable | 396 | (10) | 44 |
| Other liabilities | 36 | 70 | (2) |
| Cash provided by operating activities | 5,442 | 3,804 | 3,247 |
| Cash flows from investing activities: | |||
| Capital expenditures | (668) | (422) | (441) |
| Cash paid for acquisitions, net of cash acquired | (12) | (107) | (28) |
| Proceeds from sales and maturities of investments | 1,471 | 1,754 | 1,940 |
| Purchases of investments | (2,007) | (1,355) | (1,914) |
| Cash used in investing activities | (1,216) | (130) | (443) |
| Cash flows from financing activities: | |||
| Debt borrowings, net of issuance costs | 0 | 2,979 | 0 |
| Debt repayments | 0 | (2,882) | 0 |
| Proceeds from common stock issuances | 175 | 174 | 145 |
| Common stock repurchases | (3,750) | (649) | (2,403) |
| Tax withholding payments for vested equity awards | (178) | (172) | (86) |
| Payments of dividends to stockholders | (838) | (787) | (771) |
| Cash used in financing activities | (4,591) | (1,337) | (3,115) |
| Increase (decrease) in cash and cash equivalents | (365) | 2,337 | (311) |
| Cash and cash equivalents - beginning of year | 5,466 | 3,129 | |
| Cash and cash equivalents - end of year | 5,101 | 5,466 | 3,129 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | |||
| Cash and cash equivalents | 4,995 | 5,351 | 3,129 |
| Restricted cash equivalents included in deferred income taxes and other assets | 106 | 115 | 0 |
| Total cash, cash equivalents, and restricted cash equivalents | 5,101 | 5,466 | 3,129 |
| Supplemental cash flow information: | |||
| Cash payments for income taxes | 851 | 542 | 522 |
| Cash refunds from income taxes | 27 | 68 | 22 |
| Cash payments for interest | 205 | 219 | 219 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLIED MATERIALS INC /DE | ||
Ticker: AMAT Fiscal Year: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Oct 31, 2021 10-K (Filed: Dec 17, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Oct 31, 2021 | Oct 25, 2020 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 4,995 | 5,351 |
| Short-term investments | 464 | 387 |
| Accounts receivable, net | 4,953 | 2,963 |
| Inventories | 4,309 | 3,904 |
| Other current assets | 1,386 | 764 |
| Total current assets | 16,107 | 13,369 |
| Long-term investments | 2,055 | 1,538 |
| Property, plant and equipment, net | 1,934 | 1,604 |
| Goodwill | 3,479 | 3,466 |
| Purchased technology and other intangible assets, net | 104 | 153 |
| Deferred income taxes and other assets | 2,146 | 2,223 |
| Total assets | 25,825 | 22,353 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | 4,268 | 3,138 |
| Contract liabilities | 2,076 | 1,321 |
| Total current liabilities | 6,344 | 4,459 |
| Long-term debt | 5,452 | 5,448 |
| Income taxes payable | 1,090 | 1,206 |
| Other | 692 | 662 |
| Total liabilities | 13,578 | 11,775 |
| 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; 892 and 914 shares outstanding at 2021 and 2020, respectively | 9 | 9 |
| Additional paid-in capital | 8,247 | 7,904 |
| Retained earnings | 32,246 | 27,209 |
| Treasury stock: 1,119 and 1,091 shares at 2021 and 2020, respectively | (27,995) | (24,245) |
| Accumulated other comprehensive loss | (260) | (299) |
| Total stockholders equity | 12,247 | 10,578 |
| Total liabilities and stockholders equity | 25,825 | 22,353 |
| External Links | |
| APPLIED MATERIALS INC /DE (AMAT) Fiscal Year 2021 | |
| 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 |