AMAT FY 2015 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

FY 2015 Earnings

Reported December 9, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$9.7B	—	$9.1B	—	6.5%
Op. Income	$1.7B	—	$1.5B	—	11.4%
Gross Margin	40.9%	—	42.4%	—	-1.4pp
Net Margin	14.3%	—	11.8%	—	2.4pp
EPS (Diluted)	$1.12	—	$0.87	—	28.7%
Free Cash Flow	$948M	—	$1.6B	—	-39.2%

Revenue Flow

Item	Amount
REVENUE	$9.7B
Cost of Revenue	$5.7B
GROSS PROFIT	$4.0B
R&D Expenses	$1.5B
Selling & Marketing	$428M
General & Administrative	$469M
SG&A Expenses	$897M
Other Expenses	-$89M
Operating Expenses	$2.3B
Cost & Expenses	$8.0B
OPERATING INCOME	$1.7B
Interest Income	$8M
Interest Expense	$103M
Other Income/Expenses	-$95M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$221M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$371M
EBIT	$1.7B
EBITDA	$2.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$9.7B
Cost of Revenue	$5.7B
GROSS PROFIT	$4.0B
R&D Expenses	$1.5B
Selling & Marketing	$428M
General & Administrative	$469M
SG&A Expenses	$897M
Other Expenses	-$89M
Operating Expenses	$2.3B
Cost & Expenses	$8.0B
OPERATING INCOME	$1.7B
Interest Income	$8M
Interest Expense	$103M
Other Income/Expenses	-$95M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$221M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$371M
EBIT	$1.7B
EBITDA	$2.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$371M
Stock-Based Compensation	$187M
Deferred Income Tax	-$134M
Other Non-Cash Items	-$3M
Change in Working Capital	-$635M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$215M
Acquisitions (Net)	-$4M
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$281M
Net Debt Issuance	$2.6B
Common Stock Repurchased	-$1.3B
Common Dividends Paid	-$487M
Other Financing Activities	$144M
NET CASH FROM FINANCING	$913M
FREE CASH FLOW	$948M
Net Change in Cash	$1.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.8B
Short-Term Investments	$168M
Net Receivables	$1.7B
Inventory	$1.8B
Other Current Assets	$724M
TOTAL CURRENT ASSETS	$9.3B
PP&E (Net)	$892M
Goodwill	$3.3B
Intangible Assets	$762M
Long-Term Investments	$946M
Tax Assets	$55M
Other Non-Current Assets	$90M
TOTAL NON-CURRENT ASSETS	$6.0B
TOTAL ASSETS	$15.3B
Account Payables	$658M
Short-Term Debt	$1.2B
Deferred Revenue	$633M
Other Current Liabilities	$738M
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$3.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$56M
Other Non-Current Liabilities	$499M
TOTAL NON-CURRENT LIABILITIES	$3.9B
TOTAL LIABILITIES	$7.7B
Common Stock	$11M
Additional Paid-In Capital	$6.6B
Retained Earnings	$14.0B
Treasury Stock	-$12.8B
Accum. Other Comp. Income	-$92M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.6B
Minority Interest	$0
TOTAL EQUITY	$7.6B
TOTAL LIABILITIES & EQUITY	$15.3B
Total Debt	$4.5B
Net Debt	-$255M