AMAT FY 2014 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

FY 2014 Earnings

Reported December 17, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$9.1B	—	$7.5B	—	20.8%
Op. Income	$1.5B	—	$432M	—	251.9%
Gross Margin	42.4%	—	39.8%	—	2.5pp
Net Margin	11.8%	—	3.4%	—	8.4pp
EPS (Diluted)	$0.87	—	$0.21	—	314.3%
Free Cash Flow	$1.6B	—	$426M	—	266.0%

Revenue Flow

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$5.2B
GROSS PROFIT	$3.8B
R&D Expenses	$1.4B
Selling & Marketing	$423M
General & Administrative	$467M
SG&A Expenses	$890M
Other Expenses	$0
Operating Expenses	$2.3B
Cost & Expenses	$7.5B
OPERATING INCOME	$1.5B
Interest Income	$23M
Interest Expense	$95M
Other Income/Expenses	-$72M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$376M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$375M
EBIT	$1.6B
EBITDA	$1.9B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$5.2B
GROSS PROFIT	$3.8B
R&D Expenses	$1.4B
Selling & Marketing	$423M
General & Administrative	$467M
SG&A Expenses	$890M
Other Expenses	$0
Operating Expenses	$2.3B
Cost & Expenses	$7.5B
OPERATING INCOME	$1.5B
Interest Income	$23M
Interest Expense	$95M
Other Income/Expenses	-$72M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$376M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$375M
EBIT	$1.6B
EBITDA	$1.9B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$375M
Stock-Based Compensation	$177M
Deferred Income Tax	$58M
Other Non-Cash Items	$4M
Change in Working Capital	$114M
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$241M
Acquisitions (Net)	-$12M
Purchases of Investments	-$811M
Sales/Maturities of Investments	$878M
Other Investing Activities	$25M
NET CASH FROM INVESTING	-$161M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$485M
Other Financing Activities	$30M
NET CASH FROM FINANCING	-$348M
FREE CASH FLOW	$1.6B
Net Change in Cash	$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.0B
Short-Term Investments	$160M
Net Receivables	$1.7B
Inventory	$1.6B
Other Current Assets	$396M
TOTAL CURRENT ASSETS	$7.0B
PP&E (Net)	$861M
Goodwill	$3.3B
Intangible Assets	$951M
Long-Term Investments	$935M
Tax Assets	$67M
Other Non-Current Assets	$89M
TOTAL NON-CURRENT ASSETS	$6.2B
TOTAL ASSETS	$13.2B
Account Payables	$613M
Short-Term Debt	$0
Deferred Revenue	$654M
Other Current Liabilities	$890M
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$32M
Other Non-Current Liabilities	$504M
TOTAL NON-CURRENT LIABILITIES	$2.5B
TOTAL LIABILITIES	$5.3B
Common Stock	$12M
Additional Paid-In Capital	$6.4B
Retained Earnings	$13.1B
Treasury Stock	-$11.5B
Accum. Other Comp. Income	-$76M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.9B
Minority Interest	$0
TOTAL EQUITY	$7.9B
TOTAL LIABILITIES & EQUITY	$13.2B
Total Debt	$1.9B
Net Debt	-$1.1B