AMAT Q3 2017 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

Q3 2017 Earnings

Reported August 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2017	Q2 2017	Q3 2016	QoQ Change	YoY Change
Revenue	$3.7B	$3.5B	$2.8B	5.6%	32.7%
Op. Income	$1.0B	$940M	$596M	8.8%	71.6%
Gross Margin	45.4%	45.1%	42.3%	0.3pp	3.2pp
Net Margin	24.7%	23.2%	17.9%	1.5pp	6.8pp
EPS (Diluted)	$0.85	$0.76	$0.46	11.8%	84.8%
Free Cash Flow	$1.3B	$821M	$931M	56.6%	38.1%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.7B
R&D Expenses	$454M
Selling & Marketing	$117M
General & Administrative	$106M
SG&A Expenses	$223M
Other Expenses	$0
Operating Expenses	$677M
Cost & Expenses	$2.7B
OPERATING INCOME	$1.0B
Interest Income	$14M
Interest Expense	$59M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$978M
Income Tax Expense	$53M
Net Income from Continuing Ops	$925M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$925M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$925M
D&A	$102M
EBIT	$1.0B
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.7B
R&D Expenses	$454M
Selling & Marketing	$117M
General & Administrative	$106M
SG&A Expenses	$223M
Other Expenses	$0
Operating Expenses	$677M
Cost & Expenses	$2.7B
OPERATING INCOME	$1.0B
Interest Income	$14M
Interest Expense	$59M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$978M
Income Tax Expense	$53M
Net Income from Continuing Ops	$925M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$925M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$925M
D&A	$102M
EBIT	$1.0B
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$925M
Depreciation & Amortization	$102M
Stock-Based Compensation	$55M
Deferred Income Tax	-$3M
Other Non-Cash Items	$3M
Change in Working Capital	$284M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$80M
Acquisitions (Net)	-$30M
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$935M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$349M
Net Debt Issuance	-$205M
Common Stock Repurchased	-$375M
Common Dividends Paid	-$107M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$683M
FREE CASH FLOW	$1.3B
Net Change in Cash	$334M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.3B
Short-Term Investments	$2.0B
Net Receivables	$2.3B
Inventory	$2.9B
Other Current Assets	$366M
TOTAL CURRENT ASSETS	$12.7B
PP&E (Net)	$996M
Goodwill	$3.4B
Intangible Assets	$461M
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$474M
TOTAL NON-CURRENT ASSETS	$6.3B
TOTAL ASSETS	$19.1B
Account Payables	$935M
Short-Term Debt	$0
Deferred Revenue	$1.7B
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$5.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$680M
TOTAL NON-CURRENT LIABILITIES	$6.0B
TOTAL LIABILITIES	$10.4B
Common Stock	$11M
Additional Paid-In Capital	$7.0B
Retained Earnings	$17.4B
Treasury Stock	-$15.5B
Accum. Other Comp. Income	-$101M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.7B
Minority Interest	$0
TOTAL EQUITY	$8.7B
TOTAL LIABILITIES & EQUITY	$19.1B
Total Debt	$5.3B
Net Debt	$25M