AMAT Q4 2020 Earnings Report — Applied Materials, Inc. Revenue & Financial Results | Market Cap Arena

Applied Materials, Inc.AMAT

Q4 2020 Earnings

Reported December 11, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2020	Q3 2020	Q4 2019	QoQ Change	YoY Change
Revenue	$4.7B	$4.4B	$3.8B	6.7%	24.9%
Op. Income	$1.3B	$1.1B	$864M	15.8%	48.5%
Gross Margin	45.4%	44.5%	43.5%	1.0pp	1.9pp
Net Margin	24.1%	19.1%	18.6%	5.0pp	5.5pp
EPS (Diluted)	$1.23	$0.91	$0.75	35.2%	64.0%
Free Cash Flow	$1.2B	$780M	$729M	47.8%	58.2%

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.1B
R&D Expenses	$560M
Selling & Marketing	$131M
General & Administrative	$156M
SG&A Expenses	$287M
Other Expenses	$0
Operating Expenses	$847M
Cost & Expenses	$3.4B
OPERATING INCOME	$1.3B
Interest Income	$19M
Interest Expense	$59M
Other Income/Expenses	-$40M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$112M
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	$97M
EBIT	$1.3B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.1B
R&D Expenses	$560M
Selling & Marketing	$131M
General & Administrative	$156M
SG&A Expenses	$287M
Other Expenses	$0
Operating Expenses	$847M
Cost & Expenses	$3.4B
OPERATING INCOME	$1.3B
Interest Income	$19M
Interest Expense	$59M
Other Income/Expenses	-$40M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$112M
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	$97M
EBIT	$1.3B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$97M
Stock-Based Compensation	$73M
Deferred Income Tax	-$18M
Other Non-Cash Items	$5M
Change in Working Capital	$27M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$162M
Acquisitions (Net)	$162M
Purchases of Investments	-$345M
Sales/Maturities of Investments	$366M
Other Investing Activities	-$162M
NET CASH FROM INVESTING	-$141M
Net Debt Issuance	$0
Common Stock Repurchased	-$50M
Common Dividends Paid	-$200M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$173M
FREE CASH FLOW	$1.2B
Net Change in Cash	$1.0B

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