AMAT FY 2010 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

FY 2010 Earnings

Reported December 10, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$9.5B	—	$5.0B	—	90.5%
Op. Income	$1.4B	—	-$394M	—	451.5%
Gross Margin	38.9%	—	28.5%	—	10.4pp
Net Margin	9.8%	—	-6.1%	—	15.9pp
EPS (Diluted)	$0.70	—	$-0.23	—	404.3%
Free Cash Flow	$1.6B	—	$85M	—	1729.0%

Revenue Flow

Item	Amount
REVENUE	$9.5B
Cost of Revenue	$5.8B
GROSS PROFIT	$3.7B
R&D Expenses	$1.1B
Selling & Marketing	$406M
General & Administrative	$536M
SG&A Expenses	$942M
Other Expenses	$246M
Operating Expenses	$2.3B
Cost & Expenses	$8.2B
OPERATING INCOME	$1.4B
Interest Income	$37M
Interest Expense	$21M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$449M
Net Income from Continuing Ops	$938M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$938M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$938M
D&A	$305M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$9.5B
Cost of Revenue	$5.8B
GROSS PROFIT	$3.7B
R&D Expenses	$1.1B
Selling & Marketing	$406M
General & Administrative	$536M
SG&A Expenses	$942M
Other Expenses	$246M
Operating Expenses	$2.3B
Cost & Expenses	$8.2B
OPERATING INCOME	$1.4B
Interest Income	$37M
Interest Expense	$21M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$449M
Net Income from Continuing Ops	$938M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$938M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$938M
D&A	$305M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$938M
Depreciation & Amortization	$305M
Stock-Based Compensation	$126M
Deferred Income Tax	-$186M
Other Non-Cash Items	$316M
Change in Working Capital	$224M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$169M
Acquisitions (Net)	-$323M
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$1.4B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$862M
Net Debt Issuance	-$6M
Common Stock Repurchased	-$350M
Common Dividends Paid	-$349M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$576M
FREE CASH FLOW	$1.6B
Net Change in Cash	$281M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$727M
Net Receivables	$1.8B
Inventory	$1.5B
Other Current Assets	$802M
TOTAL CURRENT ASSETS	$6.8B
PP&E (Net)	$963M
Goodwill	$1.3B
Intangible Assets	$287M
Long-Term Investments	$1.3B
Tax Assets	$284M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$10.9B
Account Payables	$658M
Short-Term Debt	$1M
Deferred Revenue	$847M
Other Current Liabilities	$539M
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$204M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$315M
TOTAL NON-CURRENT LIABILITIES	$519M
TOTAL LIABILITIES	$3.4B
Common Stock	$13M
Additional Paid-In Capital	$5.4B
Retained Earnings	$11.5B
Treasury Stock	-$9.4B
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.5B
Minority Interest	$0
TOTAL EQUITY	$7.5B
TOTAL LIABILITIES & EQUITY	$10.9B
Total Debt	$206M
Net Debt	-$1.7B