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: 2022 | |||
Consolidated Statements of Operations | |||
Period Ending Oct 30, 2022 10-K (Filed: Dec 16, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | |
| Net sales | $ 25,785 | 23,063 | 17,202 |
| Cost of products sold | 13,792 | 12,149 | 9,510 |
| Gross profit | 11,993 | 10,914 | 7,692 |
| Operating expenses: | |||
| Research, development and engineering | 2,771 | 2,485 | 2,234 |
| Marketing and selling | 703 | 609 | 526 |
| General and administrative | 735 | 620 | 567 |
| Severance and related charges | (4) | 157 | 0 |
| Deal termination fee | 0 | 154 | 0 |
| Total operating expenses | 4,205 | 4,025 | 3,327 |
| Income from operations | 7,788 | 6,889 | 4,365 |
| Interest expense | 228 | 236 | 240 |
| Interest and other income, net | 39 | 118 | 41 |
| Income before income taxes | 7,599 | 6,771 | 4,166 |
| Provision for income taxes | 1,074 | 883 | 547 |
| Net income | 6,525 | 5,888 | 3,619 |
| Earnings per share: | |||
| Basic (in dollars per share) | 7.49 | 6.47 | 3.95 |
| Diluted (in dollars per share) | 7.44 | 6.40 | 3.92 |
| Weighted average number of shares: | |||
| Basic (in shares) | 871 | 910 | 916 |
| Diluted (in shares) | 877 | 919 | 923 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2022 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Oct 30, 2022 10-K (Filed: Dec 16, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | |
| Net income | $ 6,525 | 5,888 | 3,619 |
| Other comprehensive income (loss), net of tax: | |||
| Change in unrealized gain (loss) on available-for-sale investments | (74) | (21) | 9 |
| Change in unrealized net loss on derivative instruments | 51 | 30 | (117) |
| Change in defined and postretirement benefit plans | 81 | 30 | (11) |
| Other comprehensive income (loss), net of tax | 58 | 39 | (119) |
| Comprehensive income | 6,583 | 5,927 | 3,500 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
APPLIED MATERIALS INC /DE | |||
Ticker: AMAT Fiscal Year: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Oct 30, 2022 10-K (Filed: Dec 16, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | |
| Cash flows from operating activities: | |||
| Net income | $ 6,525 | 5,888 | 3,619 |
| Adjustments required to reconcile net income to cash provided by operating activities: | |||
| Depreciation and amortization | 444 | 394 | 376 |
| Severance and related charges | (4) | 148 | 0 |
| Deferred income taxes | (223) | 80 | 80 |
| Other | 36 | (70) | 60 |
| Share-based compensation | 413 | 346 | 307 |
| Changes in operating assets and liabilities, net of amounts acquired: | |||
| Accounts receivable | (1,109) | (1,989) | (427) |
| Inventories | (1,590) | (405) | (421) |
| Other current and non-current assets | (16) | (602) | (161) |
| Accounts payable and accrued expenses | 390 | 465 | 327 |
| Contract liabilities | 1,039 | 755 | (16) |
| Income taxes payable | (541) | 396 | (10) |
| Other liabilities | 35 | 36 | 70 |
| Cash provided by operating activities | 5,399 | 5,442 | 3,804 |
| Cash flows from investing activities: | |||
| Capital expenditures | (787) | (668) | (422) |
| Cash paid for acquisitions, net of cash acquired | (441) | (12) | (107) |
| Proceeds from sales and maturities of investments | 1,363 | 1,471 | 1,754 |
| Purchases of investments | (1,492) | (2,007) | (1,355) |
| Cash used in investing activities | (1,357) | (1,216) | (130) |
| Cash flows from financing activities: | |||
| Debt borrowings, net of issuance costs | 0 | 0 | 2,979 |
| Debt repayments | 0 | 0 | (2,882) |
| Proceeds from common stock issuances | 199 | 175 | 174 |
| Common stock repurchases | (6,103) | (3,750) | (649) |
| Tax withholding payments for vested equity awards | (266) | (178) | (172) |
| Payments of dividends to stockholders | (873) | (838) | (787) |
| Cash used in financing activities | (7,043) | (4,591) | (1,337) |
| Increase (decrease) in cash, cash equivalents and restricted cash equivalents | (3,001) | (365) | 2,337 |
| Cash, cash equivalents and restricted cash equivalents beginning of period | 5,101 | 5,466 | |
| Cash, cash equivalents and restricted cash equivalents end of period | 2,100 | 5,101 | 5,466 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | |||
| Cash and cash equivalents | 1,995 | 4,995 | 5,351 |
| Restricted cash equivalents included in deferred income taxes and other assets | 105 | 106 | 115 |
| Total cash, cash equivalents, and restricted cash equivalents | 2,100 | 5,101 | 5,466 |
| Supplemental cash flow information: | |||
| Cash payments for income taxes | 1,869 | 851 | 542 |
| Cash refunds from income taxes | 156 | 27 | 68 |
| Cash payments for interest | 205 | 205 | 219 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
APPLIED MATERIALS INC /DE | ||
Ticker: AMAT Fiscal Year: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Oct 30, 2022 10-K (Filed: Dec 16, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Oct 30, 2022 | Oct 31, 2021 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,995 | 4,995 |
| Short-term investments | 586 | 464 |
| Accounts receivable, net | 6,068 | 4,953 |
| Inventories | 5,932 | 4,309 |
| Other current assets | 1,344 | 1,386 |
| Total current assets | 15,925 | 16,107 |
| Long-term investments | 1,980 | 2,055 |
| Property, plant and equipment, net | 2,307 | 1,934 |
| Goodwill | 3,700 | 3,479 |
| Purchased technology and other intangible assets, net | 339 | 104 |
| Deferred income taxes and other assets | 2,475 | 2,146 |
| Total assets | 26,726 | 25,825 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | 4,237 | 4,268 |
| Contract liabilities | 3,142 | 2,076 |
| Total current liabilities | 7,379 | 6,344 |
| Long-term debt | 5,457 | 5,452 |
| Income taxes payable | 964 | 1,090 |
| Other liabilities | 732 | 692 |
| Total liabilities | 14,532 | 13,578 |
| Commitments and contingencies (Note 16) | ||
| 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; 844 and 892 shares outstanding at 2022 and 2021, respectively | 8 | 9 |
| Additional paid-in capital | 8,593 | 8,247 |
| Retained earnings | 37,892 | 32,246 |
| Treasury stock: 1,173 and 1,119 shares at 2022 and 2021, respectively | (34,097) | (27,995) |
| Accumulated other comprehensive loss | (202) | (260) |
| Total stockholders equity | 12,194 | 12,247 |
| Total liabilities and stockholders equity | 26,726 | 25,825 |
| External Links | |
| APPLIED MATERIALS INC /DE (AMAT) Fiscal Year 2022 | |
| 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 |