AMAT Q1 2021 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

Q1 2021 Earnings

Reported February 25, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2021	Q4 2020	Q1 2020	QoQ Change	YoY Change
Revenue	$5.2B	$4.7B	$4.2B	10.1%	24.0%
Op. Income	$1.3B	$1.3B	$1.0B	0.0%	23.1%
Gross Margin	45.5%	45.4%	44.6%	0.1pp	0.9pp
Net Margin	21.9%	24.1%	21.4%	-2.2pp	0.5pp
EPS (Diluted)	$1.22	$1.23	$0.96	-0.8%	27.1%
Free Cash Flow	$1.3B	$1.2B	$885M	12.7%	46.9%

Revenue Flow

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$2.8B
GROSS PROFIT	$2.3B
R&D Expenses	$606M
Selling & Marketing	$147M
General & Administrative	$161M
SG&A Expenses	$308M
Other Expenses	$151M
Operating Expenses	$1.1B
Cost & Expenses	$3.9B
OPERATING INCOME	$1.3B
Interest Income	$18M
Interest Expense	$61M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$110M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$94M
EBIT	$1.3B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$2.8B
GROSS PROFIT	$2.3B
R&D Expenses	$606M
Selling & Marketing	$147M
General & Administrative	$161M
SG&A Expenses	$308M
Other Expenses	$151M
Operating Expenses	$1.1B
Cost & Expenses	$3.9B
OPERATING INCOME	$1.3B
Interest Income	$18M
Interest Expense	$61M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$110M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$94M
EBIT	$1.3B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$94M
Stock-Based Compensation	$107M
Deferred Income Tax	$28M
Other Non-Cash Items	$148M
Change in Working Capital	-$86M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$121M
Acquisitions (Net)	-$12M
Purchases of Investments	-$441M
Sales/Maturities of Investments	$358M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$216M
Net Debt Issuance	$0
Common Stock Repurchased	-$142M
Common Dividends Paid	-$201M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$343M
FREE CASH FLOW	$1.3B
Net Change in Cash	$862M

Balance Sheet

Item	Amount
Cash & Equivalents	$6.2B
Short-Term Investments	$410M
Net Receivables	$3.2B
Inventory	$3.9B
Other Current Assets	$509M
TOTAL CURRENT ASSETS	$14.3B
PP&E (Net)	$1.9B
Goodwill	$3.5B
Intangible Assets	$140M
Long-Term Investments	$1.6B
Tax Assets	$1.7B
Other Non-Current Assets	$253M
TOTAL NON-CURRENT ASSETS	$9.0B
TOTAL ASSETS	$23.3B
Account Payables	$1.1B
Short-Term Debt	$63M
Deferred Revenue	$1.6B
Other Current Liabilities	$1.1B
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	$28.1B
Treasury Stock	-$24.2B
Accum. Other Comp. Income	-$297M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.5B
Minority Interest	$0
TOTAL EQUITY	$11.5B
TOTAL LIABILITIES & EQUITY	$23.3B
Total Debt	$5.7B
Net Debt	-$515M