AMAT FY 2022 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

FY 2022 Earnings

Reported December 16, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$25.8B	—	$23.1B	—	11.8%
Op. Income	$7.8B	—	$6.9B	—	13.0%
Gross Margin	46.5%	—	47.3%	—	-0.8pp
Net Margin	25.3%	—	25.5%	—	-0.2pp
EPS (Diluted)	$7.44	—	$6.40	—	16.3%
Free Cash Flow	$4.6B	—	$4.8B	—	-3.4%

Revenue Flow

Item	Amount
REVENUE	$25.8B
Cost of Revenue	$13.8B
GROSS PROFIT	$12.0B
R&D Expenses	$2.8B
Selling & Marketing	$703M
General & Administrative	$735M
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$4.2B
Cost & Expenses	$18.0B
OPERATING INCOME	$7.8B
Interest Income	$39M
Interest Expense	$228M
Other Income/Expenses	-$189M
INCOME BEFORE TAX	$7.6B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$6.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.5B
D&A	$444M
EBIT	$7.8B
EBITDA	$8.3B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$25.8B
Cost of Revenue	$13.8B
GROSS PROFIT	$12.0B
R&D Expenses	$2.8B
Selling & Marketing	$703M
General & Administrative	$735M
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$4.2B
Cost & Expenses	$18.0B
OPERATING INCOME	$7.8B
Interest Income	$39M
Interest Expense	$228M
Other Income/Expenses	-$189M
INCOME BEFORE TAX	$7.6B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$6.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6.5B
D&A	$444M
EBIT	$7.8B
EBITDA	$8.3B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$6.5B
Depreciation & Amortization	$444M
Stock-Based Compensation	$413M
Deferred Income Tax	-$223M
Other Non-Cash Items	$32M
Change in Working Capital	-$1.8B
OPERATING CASH FLOW	$5.4B
Capital Expenditure	-$787M
Acquisitions (Net)	-$441M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$1.4B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$0
Common Stock Repurchased	-$6.1B
Common Dividends Paid	-$873M
Other Financing Activities	-$266M
NET CASH FROM FINANCING	-$7.0B
FREE CASH FLOW	$4.6B
Net Change in Cash	-$3.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$586M
Net Receivables	$6.5B
Inventory	$5.9B
Other Current Assets	$422M
TOTAL CURRENT ASSETS	$15.9B
PP&E (Net)	$2.7B
Goodwill	$3.7B
Intangible Assets	$339M
Long-Term Investments	$2.0B
Tax Assets	$1.4B
Other Non-Current Assets	$691M
TOTAL NON-CURRENT ASSETS	$10.8B
TOTAL ASSETS	$26.7B
Account Payables	$1.8B
Short-Term Debt	$0
Deferred Revenue	$3.1B
Other Current Liabilities	$905M
TOTAL CURRENT LIABILITIES	$7.4B
Long-Term Debt	$5.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$7.2B
TOTAL LIABILITIES	$14.5B
Common Stock	$8M
Additional Paid-In Capital	$8.6B
Retained Earnings	$37.9B
Treasury Stock	-$34.1B
Accum. Other Comp. Income	-$202M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.2B
Minority Interest	$0
TOTAL EQUITY	$12.2B
TOTAL LIABILITIES & EQUITY	$26.7B
Total Debt	$5.8B
Net Debt	$3.8B