AMAT FY 2016 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

FY 2016 Earnings

Reported December 15, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$10.8B	—	$9.7B	—	12.1%
Op. Income	$2.2B	—	$1.7B	—	27.1%
Gross Margin	41.7%	—	40.9%	—	0.8pp
Net Margin	15.9%	—	14.3%	—	1.6pp
EPS (Diluted)	$1.54	—	$1.12	—	37.5%
Free Cash Flow	$2.2B	—	$948M	—	133.4%

Revenue Flow

Item	Amount
REVENUE	$10.8B
Cost of Revenue	$6.3B
GROSS PROFIT	$4.5B
R&D Expenses	$1.5B
Selling & Marketing	$429M
General & Administrative	$390M
SG&A Expenses	$819M
Other Expenses	$0
Operating Expenses	$2.4B
Cost & Expenses	$8.7B
OPERATING INCOME	$2.2B
Interest Income	$16M
Interest Expense	$155M
Other Income/Expenses	-$139M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$292M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$389M
EBIT	$2.2B
EBITDA	$2.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$10.8B
Cost of Revenue	$6.3B
GROSS PROFIT	$4.5B
R&D Expenses	$1.5B
Selling & Marketing	$429M
General & Administrative	$390M
SG&A Expenses	$819M
Other Expenses	$0
Operating Expenses	$2.4B
Cost & Expenses	$8.7B
OPERATING INCOME	$2.2B
Interest Income	$16M
Interest Expense	$155M
Other Income/Expenses	-$139M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$292M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$389M
EBIT	$2.2B
EBITDA	$2.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$389M
Stock-Based Compensation	$201M
Deferred Income Tax	$21M
Other Non-Cash Items	$15M
Change in Working Capital	$119M
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$253M
Acquisitions (Net)	-$16M
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$425M
Net Debt Issuance	-$1.2B
Common Stock Repurchased	-$1.9B
Common Dividends Paid	-$444M
Other Financing Activities	$23M
NET CASH FROM FINANCING	-$3.4B
FREE CASH FLOW	$2.2B
Net Change in Cash	-$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.4B
Short-Term Investments	$343M
Net Receivables	$2.3B
Inventory	$2.0B
Other Current Assets	$275M
TOTAL CURRENT ASSETS	$8.4B
PP&E (Net)	$937M
Goodwill	$3.3B
Intangible Assets	$575M
Long-Term Investments	$929M
Tax Assets	$372M
Other Non-Current Assets	$89M
TOTAL NON-CURRENT ASSETS	$6.2B
TOTAL ASSETS	$14.6B
Account Payables	$813M
Short-Term Debt	$200M
Deferred Revenue	$905M
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$3.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$596M
TOTAL NON-CURRENT LIABILITIES	$3.7B
TOTAL LIABILITIES	$7.4B
Common Stock	$11M
Additional Paid-In Capital	$6.8B
Retained Earnings	$15.3B
Treasury Stock	-$14.7B
Accum. Other Comp. Income	-$115M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.2B
Minority Interest	$0
TOTAL EQUITY	$7.2B
TOTAL LIABILITIES & EQUITY	$14.6B
Total Debt	$3.3B
Net Debt	-$81M