AMAT FY 2008 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

FY 2008 Earnings

Reported December 12, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$8.1B	—	$9.7B	—	-16.5%
Op. Income	$1.4B	—	$2.4B	—	-42.8%
Gross Margin	42.4%	—	46.1%	—	-3.8pp
Net Margin	11.8%	—	17.6%	—	-5.7pp
EPS (Diluted)	$0.70	—	$1.20	—	-41.7%
Free Cash Flow	$1.4B	—	$1.9B	—	-26.8%

Revenue Flow

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$4.7B
GROSS PROFIT	$3.4B
R&D Expenses	$1.1B
Selling & Marketing	$459M
General & Administrative	$506M
SG&A Expenses	$965M
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$6.8B
OPERATING INCOME	$1.4B
Interest Income	$109M
Interest Expense	$21M
Other Income/Expenses	$53M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$448M
Net Income from Continuing Ops	$961M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$961M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$961M
D&A	$320M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$8.1B
Cost of Revenue	$4.7B
GROSS PROFIT	$3.4B
R&D Expenses	$1.1B
Selling & Marketing	$459M
General & Administrative	$506M
SG&A Expenses	$965M
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$6.8B
OPERATING INCOME	$1.4B
Interest Income	$109M
Interest Expense	$21M
Other Income/Expenses	$53M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$448M
Net Income from Continuing Ops	$961M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$961M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$961M
D&A	$320M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$961M
Depreciation & Amortization	$320M
Stock-Based Compensation	$0
Deferred Income Tax	-$58M
Other Non-Cash Items	$258M
Change in Working Capital	$230M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$288M
Acquisitions (Net)	-$235M
Purchases of Investments	-$5.5B
Sales/Maturities of Investments	$5.9B
Other Investing Activities	$42M
NET CASH FROM INVESTING	-$76M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$1.5B
Common Dividends Paid	-$325M
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$1.4B
Net Change in Cash	$209M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$689M
Net Receivables	$1.8B
Inventory	$2.0B
Other Current Assets	$760M
TOTAL CURRENT ASSETS	$6.7B
PP&E (Net)	$1.1B
Goodwill	$1.2B
Intangible Assets	$388M
Long-Term Investments	$1.4B
Tax Assets	$138M
Other Non-Current Assets	$80M
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$10.9B
Account Payables	$588M
Short-Term Debt	$1M
Deferred Revenue	$1.2B
Other Current Liabilities	$391M
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$202M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$310M
TOTAL NON-CURRENT LIABILITIES	$512M
TOTAL LIABILITIES	$3.5B
Common Stock	$13M
Additional Paid-In Capital	$5.1B
Retained Earnings	$11.5B
Treasury Stock	-$9.1B
Accum. Other Comp. Income	-$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.4B
Minority Interest	$0
TOTAL EQUITY	$7.4B
TOTAL LIABILITIES & EQUITY	$10.9B
Total Debt	$203M
Net Debt	-$1.2B