AMAT FY 2020 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

FY 2020 Earnings

Reported December 11, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$17.2B	—	$14.6B	—	17.8%
Op. Income	$4.4B	—	$3.4B	—	30.3%
Gross Margin	44.7%	—	43.7%	—	1.0pp
Net Margin	21.0%	—	18.5%	—	2.5pp
EPS (Diluted)	$3.92	—	$2.86	—	37.1%
Free Cash Flow	$3.4B	—	$2.8B	—	20.5%

Revenue Flow

Item	Amount
REVENUE	$17.2B
Cost of Revenue	$9.5B
GROSS PROFIT	$7.7B
R&D Expenses	$2.2B
Selling & Marketing	$526M
General & Administrative	$567M
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$3.3B
Cost & Expenses	$12.8B
OPERATING INCOME	$4.4B
Interest Income	$41M
Interest Expense	$240M
Other Income/Expenses	-$199M
INCOME BEFORE TAX	$4.2B
Income Tax Expense	$547M
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.6B
D&A	$376M
EBIT	$4.4B
EBITDA	$4.8B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$17.2B
Cost of Revenue	$9.5B
GROSS PROFIT	$7.7B
R&D Expenses	$2.2B
Selling & Marketing	$526M
General & Administrative	$567M
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$3.3B
Cost & Expenses	$12.8B
OPERATING INCOME	$4.4B
Interest Income	$41M
Interest Expense	$240M
Other Income/Expenses	-$199M
INCOME BEFORE TAX	$4.2B
Income Tax Expense	$547M
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.6B
D&A	$376M
EBIT	$4.4B
EBITDA	$4.8B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$3.6B
Depreciation & Amortization	$376M
Stock-Based Compensation	$307M
Deferred Income Tax	$80M
Other Non-Cash Items	$60M
Change in Working Capital	-$638M
OPERATING CASH FLOW	$3.8B
Capital Expenditure	-$422M
Acquisitions (Net)	-$107M
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$1.8B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$130M
Net Debt Issuance	$97M
Common Stock Repurchased	-$649M
Common Dividends Paid	-$787M
Other Financing Activities	$174M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$3.4B
Net Change in Cash	$2.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$5.4B
Short-Term Investments	$387M
Net Receivables	$3.1B
Inventory	$3.9B
Other Current Assets	$616M
TOTAL CURRENT ASSETS	$13.4B
PP&E (Net)	$1.9B
Goodwill	$3.5B
Intangible Assets	$153M
Long-Term Investments	$1.5B
Tax Assets	$1.7B
Other Non-Current Assets	$260M
TOTAL NON-CURRENT ASSETS	$9.0B
TOTAL ASSETS	$22.4B
Account Payables	$1.1B
Short-Term Debt	$64M
Deferred Revenue	$1.3B
Other Current Liabilities	$928M
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$5.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$7.3B
TOTAL LIABILITIES	$11.8B
Common Stock	$9M
Additional Paid-In Capital	$7.9B
Retained Earnings	$27.2B
Treasury Stock	-$24.2B
Accum. Other Comp. Income	-$299M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.6B
Minority Interest	$0
TOTAL EQUITY	$10.6B
TOTAL LIABILITIES & EQUITY	$22.4B
Total Debt	$5.7B
Net Debt	$356M