AMAT FY 2011 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

FY 2011 Earnings

Reported December 6, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$10.5B	—	$9.5B	—	10.1%
Op. Income	$2.4B	—	$1.4B	—	73.3%
Gross Margin	41.5%	—	38.9%	—	2.6pp
Net Margin	18.3%	—	9.8%	—	8.5pp
EPS (Diluted)	$1.45	—	$0.70	—	107.1%
Free Cash Flow	$2.2B	—	$1.6B	—	42.7%

Revenue Flow

Item	Amount
REVENUE	$10.5B
Cost of Revenue	$6.2B
GROSS PROFIT	$4.4B
R&D Expenses	$1.1B
Selling & Marketing	$432M
General & Administrative	$469M
SG&A Expenses	$901M
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$8.1B
OPERATING INCOME	$2.4B
Interest Income	$42M
Interest Expense	$59M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$452M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$246M
EBIT	$2.4B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$10.5B
Cost of Revenue	$6.2B
GROSS PROFIT	$4.4B
R&D Expenses	$1.1B
Selling & Marketing	$432M
General & Administrative	$469M
SG&A Expenses	$901M
Other Expenses	$0
Operating Expenses	$2.0B
Cost & Expenses	$8.1B
OPERATING INCOME	$2.4B
Interest Income	$42M
Interest Expense	$59M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$452M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$246M
EBIT	$2.4B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$246M
Stock-Based Compensation	$146M
Deferred Income Tax	$122M
Other Non-Cash Items	-$19M
Change in Working Capital	$5M
OPERATING CASH FLOW	$2.4B
Capital Expenditure	-$209M
Acquisitions (Net)	$130M
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$1.9B
Other Investing Activities	$0
NET CASH FROM INVESTING	$710M
Net Debt Issuance	$1.7B
Common Stock Repurchased	-$468M
Common Dividends Paid	-$397M
Other Financing Activities	$0
NET CASH FROM FINANCING	$960M
FREE CASH FLOW	$2.2B
Net Change in Cash	$4.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.0B
Short-Term Investments	$283M
Net Receivables	$1.5B
Inventory	$1.7B
Other Current Assets	$879M
TOTAL CURRENT ASSETS	$10.4B
PP&E (Net)	$866M
Goodwill	$1.3B
Intangible Assets	$211M
Long-Term Investments	$931M
Tax Assets	$78M
Other Non-Current Assets	$85M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$13.9B
Account Payables	$484M
Short-Term Debt	$0
Deferred Revenue	$867M
Other Current Liabilities	$830M
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$104M
Other Non-Current Liabilities	$216M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$5.1B
Common Stock	$13M
Additional Paid-In Capital	$5.6B
Retained Earnings	$13.0B
Treasury Stock	-$9.9B
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.8B
Minority Interest	$0
TOTAL EQUITY	$8.8B
TOTAL LIABILITIES & EQUITY	$13.9B
Total Debt	$1.9B
Net Debt	-$4.0B