AMAT FY 2012 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

FY 2012 Earnings

Reported December 5, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$8.7B	—	$10.5B	—	-17.1%
Op. Income	$1.1B	—	$2.4B	—	-54.4%
Gross Margin	38.0%	—	41.5%	—	-3.5pp
Net Margin	1.3%	—	18.3%	—	-17.1pp
EPS (Diluted)	$0.09	—	$1.45	—	-94.1%
Free Cash Flow	$1.7B	—	$2.2B	—	-23.8%

Revenue Flow

Item	Amount
REVENUE	$8.7B
Cost of Revenue	$5.4B
GROSS PROFIT	$3.3B
R&D Expenses	$1.2B
Selling & Marketing	$481M
General & Administrative	$595M
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$2.3B
Cost & Expenses	$8.3B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$95M
Other Income/Expenses	-$778M
INCOME BEFORE TAX	$316M
Income Tax Expense	$207M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$109M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$109M
D&A	$422M
EBIT	$411M
EBITDA	$833M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$8.7B
Cost of Revenue	$5.4B
GROSS PROFIT	$3.3B
R&D Expenses	$1.2B
Selling & Marketing	$481M
General & Administrative	$595M
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$2.3B
Cost & Expenses	$8.3B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$95M
Other Income/Expenses	-$778M
INCOME BEFORE TAX	$316M
Income Tax Expense	$207M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$109M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$109M
D&A	$422M
EBIT	$411M
EBITDA	$833M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$109M
Depreciation & Amortization	$422M
Stock-Based Compensation	$182M
Deferred Income Tax	$161M
Other Non-Cash Items	$650M
Change in Working Capital	$327M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$162M
Acquisitions (Net)	-$4.2B
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$1.0B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$4.7B
Net Debt Issuance	-$1M
Common Stock Repurchased	-$1.4B
Common Dividends Paid	-$434M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$1.8B
FREE CASH FLOW	$1.7B
Net Change in Cash	-$4.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$545M
Net Receivables	$1.2B
Inventory	$1.3B
Other Current Assets	$673M
TOTAL CURRENT ASSETS	$5.1B
PP&E (Net)	$910M
Goodwill	$3.5B
Intangible Assets	$1.4B
Long-Term Investments	$1.1B
Tax Assets	$51M
Other Non-Current Assets	$111M
TOTAL NON-CURRENT ASSETS	$7.0B
TOTAL ASSETS	$12.1B
Account Payables	$396M
Short-Term Debt	$0
Deferred Revenue	$612M
Other Current Liabilities	$757M
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$200M
Other Non-Current Liabilities	$456M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$4.9B
Common Stock	$12M
Additional Paid-In Capital	$5.9B
Retained Earnings	$12.7B
Treasury Stock	-$11.3B
Accum. Other Comp. Income	-$61M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.2B
Minority Interest	$0
TOTAL EQUITY	$7.2B
TOTAL LIABILITIES & EQUITY	$12.1B
Total Debt	$1.9B
Net Debt	$554M