AMAT FY 2019 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

FY 2019 Earnings

Reported December 13, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$14.6B	—	$16.7B	—	-12.6%
Op. Income	$3.4B	—	$4.5B	—	-25.4%
Gross Margin	43.7%	—	45.0%	—	-1.3pp
Net Margin	18.5%	—	18.2%	—	0.3pp
EPS (Diluted)	$2.86	—	$2.96	—	-3.4%
Free Cash Flow	$2.8B	—	$3.2B	—	-11.3%

Revenue Flow

Item	Amount
REVENUE	$14.6B
Cost of Revenue	$8.2B
GROSS PROFIT	$6.4B
R&D Expenses	$2.1B
Selling & Marketing	$521M
General & Administrative	$461M
SG&A Expenses	$982M
Other Expenses	$0
Operating Expenses	$3.0B
Cost & Expenses	$11.3B
OPERATING INCOME	$3.4B
Interest Income	$156M
Interest Expense	$237M
Other Income/Expenses	-$81M
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$563M
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$363M
EBIT	$3.5B
EBITDA	$3.9B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$14.6B
Cost of Revenue	$8.2B
GROSS PROFIT	$6.4B
R&D Expenses	$2.1B
Selling & Marketing	$521M
General & Administrative	$461M
SG&A Expenses	$982M
Other Expenses	$0
Operating Expenses	$3.0B
Cost & Expenses	$11.3B
OPERATING INCOME	$3.4B
Interest Income	$156M
Interest Expense	$237M
Other Income/Expenses	-$81M
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$563M
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$363M
EBIT	$3.5B
EBITDA	$3.9B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$2.7B
Depreciation & Amortization	$363M
Stock-Based Compensation	$263M
Deferred Income Tax	$49M
Other Non-Cash Items	-$19M
Change in Working Capital	-$115M
OPERATING CASH FLOW	$3.2B
Capital Expenditure	-$441M
Acquisitions (Net)	-$28M
Purchases of Investments	-$1.9B
Sales/Maturities of Investments	$1.9B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$443M
Net Debt Issuance	$0
Common Stock Repurchased	-$2.4B
Common Dividends Paid	-$771M
Other Financing Activities	-$86M
NET CASH FROM FINANCING	-$3.1B
FREE CASH FLOW	$2.8B
Net Change in Cash	-$311M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.1B
Short-Term Investments	$489M
Net Receivables	$2.6B
Inventory	$3.5B
Other Current Assets	$473M
TOTAL CURRENT ASSETS	$10.2B
PP&E (Net)	$1.5B
Goodwill	$3.4B
Intangible Assets	$156M
Long-Term Investments	$1.7B
Tax Assets	$1.8B
Other Non-Current Assets	$276M
TOTAL NON-CURRENT ASSETS	$8.8B
TOTAL ASSETS	$19.0B
Account Payables	$958M
Short-Term Debt	$600M
Deferred Revenue	$1.3B
Other Current Liabilities	$834M
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$4.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$1.6B
TOTAL NON-CURRENT LIABILITIES	$6.4B
TOTAL LIABILITIES	$10.8B
Common Stock	$9M
Additional Paid-In Capital	$7.6B
Retained Earnings	$24.4B
Treasury Stock	-$23.6B
Accum. Other Comp. Income	-$180M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.2B
Minority Interest	$0
TOTAL EQUITY	$8.2B
TOTAL LIABILITIES & EQUITY	$19.0B
Total Debt	$5.3B
Net Debt	$2.2B