AMAT Q3 2016 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

Q3 2016 Earnings

Reported August 25, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$2.8B	$2.5B	—	15.1%	—
Op. Income	$596M	$425M	—	40.2%	—
Gross Margin	42.3%	41.0%	—	1.3pp	—
Net Margin	17.9%	13.1%	—	4.8pp	—
EPS (Diluted)	$0.46	$0.29	—	58.6%	—
Free Cash Flow	$931M	$434M	—	114.5%	—

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.2B
R&D Expenses	$386M
Selling & Marketing	$107M
General & Administrative	$103M
SG&A Expenses	$210M
Other Expenses	$0
Operating Expenses	$596M
Cost & Expenses	$2.2B
OPERATING INCOME	$596M
Interest Income	$6M
Interest Expense	$38M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$564M
Income Tax Expense	$59M
Net Income from Continuing Ops	$505M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$505M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$505M
D&A	$97M
EBIT	$602M
EBITDA	$699M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.2B
R&D Expenses	$386M
Selling & Marketing	$107M
General & Administrative	$103M
SG&A Expenses	$210M
Other Expenses	$0
Operating Expenses	$596M
Cost & Expenses	$2.2B
OPERATING INCOME	$596M
Interest Income	$6M
Interest Expense	$38M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$564M
Income Tax Expense	$59M
Net Income from Continuing Ops	$505M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$505M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$505M
D&A	$97M
EBIT	$602M
EBITDA	$699M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$505M
Depreciation & Amortization	$97M
Stock-Based Compensation	$48M
Deferred Income Tax	$21M
Other Non-Cash Items	$0
Change in Working Capital	$310M
OPERATING CASH FLOW	$981M
Capital Expenditure	-$50M
Acquisitions (Net)	$3M
Purchases of Investments	-$483M
Sales/Maturities of Investments	$208M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$322M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$196M
Common Dividends Paid	-$108M
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$301M
FREE CASH FLOW	$931M
Net Change in Cash	$358M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.8B
Short-Term Investments	$438M
Net Receivables	$1.9B
Inventory	$2.0B
Other Current Assets	$255M
TOTAL CURRENT ASSETS	$7.4B
PP&E (Net)	$905M
Goodwill	$3.3B
Intangible Assets	$621M
Long-Term Investments	$960M
Tax Assets	$0
Other Non-Current Assets	$509M
TOTAL NON-CURRENT ASSETS	$6.3B
TOTAL ASSETS	$13.7B
Account Payables	$717M
Short-Term Debt	$0
Deferred Revenue	$781M
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$3.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$16M
Other Non-Current Liabilities	$557M
TOTAL NON-CURRENT LIABILITIES	$3.9B
TOTAL LIABILITIES	$6.9B
Common Stock	$11M
Additional Paid-In Capital	$6.7B
Retained Earnings	$14.8B
Treasury Stock	-$14.6B
Accum. Other Comp. Income	-$87M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.8B
Minority Interest	$0
TOTAL EQUITY	$6.8B
TOTAL LIABILITIES & EQUITY	$13.7B
Total Debt	$3.3B
Net Debt	$515M