Cash flow Applied Materials, Inc.

Equities

AMAT

US0382221051

Semiconductor Equipment & Testing

Real-time Estimate Cboe BZX Other stock markets 19:26:09 08/12/2025 GMT			5-day change	1st Jan Change
268.00 ^USD	+0.00%		+5.15%	+64.71%

12-04	TD Cowen Adjusts Price Target on Applied Materials to $315 From $260, Maintains Buy Rating	MT
12-04	Applied Materials: the next wave on equipment suppliers

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Published financial data: APPLIED MATERIALS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2020	2021	2022	2023	2024
Revenues	17.2B	23.06B	25.78B	26.52B	27.18B
Total Revenues	17.2B	23.06B	25.78B	26.52B	27.18B
Cost of Goods Sold, Total	9.49B	12.14B	13.79B	14.13B	14.28B
Gross Profit	7.72B	10.93B	11.99B	12.38B	12.9B
Selling General & Admin Expenses, Total	1.01B	1.18B	1.4B	1.63B	1.8B
R&D Expenses	2.23B	2.48B	2.77B	3.1B	3.23B
Other Operating Expenses, Total	3.25B	3.67B	4.17B	4.73B	5.03B
Operating Income	4.47B	7.26B	7.82B	7.65B	7.87B
Interest Expense, Total	-240M	-236M	-228M	-238M	-247M
Interest And Investment Income	59M	-	-	-	512M
Net Interest Expenses	-181M	-236M	-228M	-238M	265M
Currency Exchange Gains (Loss)	-10M	29M	67M	-4M	-
Other Non Operating Income (Expenses)	-1M	-10M	-35M	277M	-
EBT, Excl. Unusual Items	4.28B	7.04B	7.63B	7.69B	8.13B
Restructuring Charges	-	-157M	4M	-	-
Merger & Related Restructuring Charges	-80M	-45M	-38M	-	-
Gain (Loss) On Sale Of Investments	26M	99M	7M	27M	20M
Other Unusual Items	-56M	-166M	-	-	-
EBT, Incl. Unusual Items	4.17B	6.77B	7.6B	7.72B	8.15B
Income Tax Expense	547M	883M	1.07B	860M	975M
Earnings From Continuing Operations	3.62B	5.89B	6.52B	6.86B	7.18B
Net Income to Company	3.62B	5.89B	6.52B	6.86B	7.18B
Net Income - (IS)	3.62B	5.89B	6.52B	6.86B	7.18B
Net Income to Common Incl Extra Items	3.62B	5.89B	6.52B	6.86B	7.18B
Net Income to Common Excl. Extra Items	3.62B	5.89B	6.52B	6.86B	7.18B
Per Share Items
Net EPS - Basic	3.95	6.47	7.49	8.16	8.68
Basic EPS - Continuing Operations	3.95	6.47	7.49	8.16	8.68
Basic Weighted Average Shares Outstanding	916M	910M	871M	840M	827M
Net EPS - Diluted	3.92	6.4	7.44	8.11	8.61
Diluted EPS - Continuing Operations	3.92	6.4	7.44	8.11	8.61
Diluted Weighted Average Shares Outstanding	923M	919M	877M	845M	834M
Normalized Basic EPS	2.92	4.84	5.47	5.72	6.15
Normalized Diluted EPS	2.9	4.79	5.43	5.69	6.09
Dividend Per Share	0.87	0.94	1.02	1.22	1.52
Payout Ratio	21.75	14.23	13.38	14.22	16.61
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	4.84B	7.65B	8.27B	8.17B	8.26B
EBITA	4.52B	7.31B	7.86B	7.7B	7.87B
EBIT	4.47B	7.26B	7.82B	7.65B	7.87B
EBITDAR	4.91B	7.73B	8.36B	8.27B	-
Effective Tax Rate - (Ratio)	13.13	13.04	14.13	11.15	11.96
Current Domestic Taxes	216M	479M	275M	762M	1.29B
Current Foreign Taxes	263M	344M	-	456M	366M
Total Current Taxes	479M	823M	275M	1.22B	1.65B
Deferred Domestic Taxes	-8M	-7M	265M	-297M	-708M
Deferred Foreign Taxes	76M	67M	-	-61M	30M
Total Deferred Taxes	68M	60M	265M	-358M	-678M
Normalized Net Income	2.67B	4.4B	4.77B	4.81B	5.08B
Interest on Long-Term Debt	240M	236M	228M	238M	-
Non-Cash Pension Expense	-2M	1M	-2M	0	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	526M	609M	703M	776M	836M
General and Administrative Expenses	487M	575M	697M	852M	961M
Research And Development Expense From Footnotes	2.23B	2.48B	2.77B	3.1B	3.27B
Net Rental Expense, Total	69M	79M	93M	102M	-
Imputed Operating Lease Interest Expense	24.04M	26.03M	29.29M	32.84M	-
Imputed Operating Lease Depreciation	44.96M	52.97M	63.71M	69.16M	-
Stock-Based Comp., COGS (Total)	103M	118M	147M	180M	134M
Stock-Based Comp., R&D Exp. (Total)	116M	129M	151M	179M	219M
Stock-Based Comp., S&M Exp. (Total)	36M	43M	49M	55M	72M
Stock-Based Comp., G&A Exp. (Total)	52M	56M	66M	76M	152M
Total Stock-Based Compensation	307M	346M	413M	490M	577M

Fiscal Period: October	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	5.35B	5B	2B	6.13B	8.02B
Short Term Investments	387M	464M	586M	737M	1.45B
Total Cash And Short Term Investments	5.74B	5.46B	2.58B	6.87B	9.47B
Accounts Receivable, Total	3.11B	5.15B	6.24B	5.44B	5.23B
Total Receivables	3.11B	5.15B	6.24B	5.44B	5.23B
Inventory	3.9B	4.31B	5.93B	5.72B	5.42B
Prepaid Expenses	454M	592M	710M	702M	974M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	162M	593M	461M	412M	120M
Total Current Assets	13.37B	16.11B	15.92B	19.15B	21.22B
Gross Property Plant And Equipment	4.63B	5.27B	6.02B	6.85B	7.48B
Accumulated Depreciation	-2.78B	-3.05B	-3.32B	-3.65B	-3.77B
Net Property Plant And Equipment	1.86B	2.23B	2.7B	3.2B	3.71B
Long-term Investments	1.54B	2.06B	1.98B	2.28B	2.79B
Goodwill	3.47B	3.48B	3.7B	3.73B	3.73B
Other Intangibles, Total	153M	104M	339M	294M	249M
Deferred Tax Assets Long-Term	1.71B	1.62B	1.4B	1.73B	2.39B
Other Long-Term Assets, Total	260M	229M	691M	345M	314M
Total Assets	22.35B	25.82B	26.73B	30.73B	34.41B
Liabilities
Accounts Payable, Total	1.12B	1.47B	1.76B	1.48B	1.57B
Accrued Expenses, Total	869M	987M	974M	1.13B	1.19B
Short-term Borrowings	-	-	-	100M	99M
Current Portion of Long-Term Debt	-	-	-	-	700M
Current Portion of Leases	64M	73M	85M	186M	87M
Current Income Taxes Payable	222M	734M	319M	282M	535M
Unearned Revenue Current, Total	1.32B	2.08B	3.14B	2.98B	2.85B
Other Current Liabilities	859M	1B	1.1B	1.22B	1.44B
Total Current Liabilities	4.46B	6.34B	7.38B	7.37B	8.47B
Long-Term Debt	5.45B	5.45B	5.46B	5.46B	5.46B
Long-Term Leases	195M	228M	287M	252M	259M
Pension & Other Post Retirement Benefits	241M	193M	107M	126M	142M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	1.43B	1.36B	1.3B	1.17B	1.08B
Total Liabilities	11.78B	13.58B	14.53B	14.38B	15.41B
Common Stock, Total	9M	9M	8M	8M	8M
Additional Paid In Capital	7.9B	8.25B	8.59B	9.13B	9.66B
Retained Earnings	27.21B	32.25B	37.89B	43.73B	49.65B
Treasury Stock	-24.24B	-28B	-34.1B	-36.3B	-40.15B
Comprehensive Income and Other	-299M	-260M	-202M	-217M	-168M
Total Common Equity	10.58B	12.25B	12.19B	16.35B	19B
Total Equity	10.58B	12.25B	12.19B	16.35B	19B
Total Liabilities And Equity	22.35B	25.82B	26.73B	30.73B	34.41B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	914M	889M	844M	831M	814M
ECS Total Common Shares Outstanding	914M	892M	844M	833M	818M
Book Value / Share	11.57	13.73	14.45	19.63	23.23
Tangible Book Value	6.96B	8.66B	8.16B	12.32B	15.02B
Tangible Book Value Per Share	7.61	9.71	9.66	14.79	18.36
Total Debt	5.71B	5.75B	5.83B	6B	6.6B
Net Debt	-31M	294M	3.25B	-870M	-2.87B
Debt Equivalent of Unfunded Proj. Benefit Obligation	243M	194M	63M	34M	-
Debt Equivalent Oper. Leases	552M	632M	744M	816M	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	870M	1.14B	1.81B	1.65B	1.68B
Inventories - Work In Process, Total	624M	873M	1.03B	997M	879M
Inventories - Finished Goods, Total	1.14B	1.05B	1.69B	1.49B	1.12B
Inventories - Others	1.27B	1.25B	1.41B	1.59B	1.74B
Land - (BS)	256M	334M	387M	393M	492M
Buildings, Total	1.66B	1.78B	2.03B	2.19B	2.36B
Machinery, Total	2.23B	2.54B	2.83B	3.12B	3.36B
Full Time Employees	24K	27K	33K	34K	35.7K
Accumulated Allowance for Doubtful Accounts (Supple)	30M	29M	29M	29M	-
Order Backlog	6.66B	11.76B	19.01B	17.17B	15.87B

Fiscal Period: October	2020	2021	2022	2023	2024
Net Income	3.62B	5.89B	6.52B	6.86B	7.18B
Depreciation & Amortization - CF	320M	345M	404M	471M	392M
Amortization of Goodwill and Intangible Assets - (CF)	56M	49M	40M	44M	-
Depreciation & Amortization, Total	376M	394M	444M	515M	392M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	307M	346M	413M	490M	577M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	140M	158M	-191M	64M	-586M
Change In Accounts Receivable	-427M	-1.99B	-1.11B	903M	-69M
Change In Inventories	-421M	-405M	-1.59B	207M	304M
Change In Accounts Payable	327M	465M	390M	-138M	281M
Change in Unearned Revenues	-16M	755M	1.04B	-167M	-126M
Change In Income Taxes	-10M	396M	-541M	-20M	389M
Change in Other Net Operating Assets	-91M	-566M	19M	-10M	338M
Cash from Operations	3.8B	5.44B	5.4B	8.7B	8.68B
Capital Expenditure	-422M	-668M	-787M	-1.11B	-1.19B
Cash Acquisitions	-107M	-12M	-441M	-25M	-
Investment in Marketable and Equity Securities, Total	399M	-536M	-129M	-404M	-1.14B
Cash from Investing	-130M	-1.22B	-1.36B	-1.54B	-2.33B
Short Term Debt Issued, Total	-	-	-	991M	401M
Long-Term Debt Issued, Total	2.98B	-	-	-	694M
Total Debt Issued	2.98B	-	-	991M	1.1B
Short Term Debt Repaid, Total	-	-	-	-900M	-400M
Long-Term Debt Repaid, Total	-2.88B	-	-	-7M	-102M
Total Debt Repaid	-2.88B	-	-	-907M	-502M
Issuance of Common Stock	174M	175M	199M	227M	243M
Repurchase of Common Stock	-821M	-3.93B	-6.37B	-2.37B	-4.11B
Common Dividends Paid	-787M	-838M	-873M	-975M	-1.19B
Common & Preferred Stock Dividends Paid	-787M	-838M	-873M	-975M	-1.19B
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-1.34B	-4.59B	-7.04B	-3.03B	-4.47B
Net Change in Cash	2.34B	-365M	-3B	4.13B	1.88B
Supplemental Items
Cash Interest Paid	219M	205M	205M	205M	205M
Cash Income Tax Paid (Refund)	474M	824M	1.71B	953M	942M
Levered Free Cash Flow	2.41B	3.32B	3.14B	5.39B	5.57B
Unlevered Free Cash Flow	2.56B	3.47B	3.29B	5.54B	5.72B
Change In Net Working Capital	495M	1.14B	1.67B	-858M	-1.02B
Net Debt Issued / Repaid	97M	-	-	84M	593M

Fiscal Period: October	2020	2021	2022	2023	2024
Profitability
Return on Assets	13.5	18.83	18.61	16.65	15.1
Return on Total Capital	18.73	26.46	27.14	23.7	20.51
Return On Equity %	38.52	51.59	53.39	48.04	40.61
Return on Common Equity	38.52	51.59	53.39	48.04	40.61
Margin Analysis
Gross Profit Margin %	44.85	47.37	46.51	46.7	47.46
SG&A Margin	5.89	5.13	5.43	6.14	6.61
EBITDA Margin %	28.16	33.17	32.06	30.81	30.39
EBITA Margin %	26.3	31.68	30.49	29.03	28.95
EBIT Margin %	25.97	31.47	30.34	28.86	28.95
Income From Continuing Operations Margin %	21.04	25.53	25.31	25.86	26.41
Net Income Margin %	21.04	25.53	25.31	25.86	26.41
Net Avail. For Common Margin %	21.04	25.53	25.31	25.86	26.41
Normalized Net Income Margin	15.54	19.08	18.48	18.12	18.7
Levered Free Cash Flow Margin	14	14.39	12.19	20.33	20.48
Unlevered Free Cash Flow Margin	14.87	15.03	12.74	20.9	21.05
Asset Turnover
Asset Turnover	0.83	0.96	0.98	0.92	0.83
Fixed Assets Turnover	10.16	11.29	10.47	8.99	7.86
Receivables Turnover (Average Receivables)	5.98	5.58	4.53	4.54	5.23
Inventory Turnover (Average Inventory)	2.57	2.96	2.69	2.42	2.56
Short Term Liquidity
Current Ratio	3	2.54	2.16	2.6	2.51
Quick Ratio	1.98	1.67	1.2	1.67	1.74
Operating Cash Flow to Current Liabilities	0.85	0.86	0.73	1.18	1.02
Days Sales Outstanding (Average Receivables)	60.86	66.48	80.43	80.17	69.64
Days Outstanding Inventory (Average Inventory)	141.54	125.53	135.14	150.11	142.07
Average Days Payable Outstanding	38.21	38.4	38.1	42.25	39.69
Cash Conversion Cycle (Average Days)	164.19	153.61	177.47	188.03	172.01
Long Term Solvency
Total Debt/Equity	53.95	46.97	47.8	36.69	34.76
Total Debt / Total Capital	35.04	31.96	32.34	26.84	25.79
LT Debt/Equity	53.35	46.38	47.11	34.94	30.1
Long-Term Debt / Total Capital	34.65	31.56	31.87	25.56	22.33
Total Liabilities / Total Assets	52.68	52.58	54.37	46.8	44.78
EBIT / Interest Expense	18.62	30.75	34.31	32.16	31.85
EBITDA / Interest Expense	20.47	32.75	36.66	34.75	33.87
(EBITDA - Capex) / Interest Expense	18.71	29.92	33.21	30.11	29.06
Total Debt / EBITDA	1.16	0.74	0.7	0.73	0.79
Net Debt / EBITDA	-0.01	0.04	0.39	-0.11	-0.34
Total Debt / (EBITDA - Capex)	1.27	0.81	0.77	0.84	0.92
Net Debt / (EBITDA - Capex)	-0.01	0.04	0.43	-0.12	-0.4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	17.76	34.07	11.8	2.84	2.49
Gross Profit, 1 Yr. Growth %	20.81	41.62	9.77	3.26	4.14
EBITDA, 1 Yr. Growth %	29.69	57.95	8.04	-0.72	1.1
EBITA, 1 Yr. Growth %	31.93	61.49	7.61	-1.61	2.78
EBIT, 1 Yr. Growth %	32.5	62.42	7.79	-1.67	2.78
Earnings From Cont. Operations, 1 Yr. Growth %	33.74	62.7	10.82	5.07	4.68
Net Income, 1 Yr. Growth %	33.74	62.7	10.82	5.07	4.68
Normalized Net Income, 1 Yr. Growth %	31.69	63.99	8.32	1.33	5.76
Diluted EPS Before Extra, 1 Yr. Growth %	37.06	63.27	16.25	9.01	6.17
Accounts Receivable, 1 Yr. Growth %	17.8	65.67	21.09	-12.85	1.34
Inventory, 1 Yr. Growth %	12.38	10.37	37.67	-3.49	-5.31
Net Property, Plant and Equip., 1 Yr. Growth %	21.39	20.04	21.01	18.73	16.03
Total Assets, 1 Yr. Growth %	17.5	15.53	3.49	14.98	11.98
Tangible Book Value, 1 Yr. Growth %	49.37	24.5	-5.87	51.11	21.89
Common Equity, 1 Yr. Growth %	28.78	15.78	-0.43	34.07	16.22
Cash From Operations, 1 Yr. Growth %	17.15	43.06	-0.79	61.14	-0.26
Capital Expenditures, 1 Yr. Growth %	-4.31	58.29	17.81	40.53	7.59
Levered Free Cash Flow, 1 Yr. Growth %	17.18	37.81	-5.3	72.85	3.24
Unlevered Free Cash Flow, 1 Yr. Growth %	16.11	35.49	-5.22	69.86	3.25
Dividend Per Share, 1 Yr. Growth %	4.82	8.05	8.51	19.61	24.59
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.48	25.65	22.43	7.23	2.66
Gross Profit, 2 Yr. CAGR %	1.31	30.8	24.68	6.52	3.7
EBITDA, 2 Yr. CAGR %	-1.11	43.12	30.63	3.72	0.19
EBITA, 2 Yr. CAGR %	-1.84	45.97	31.83	3.05	0.53
EBIT, 2 Yr. CAGR %	-0.31	46.7	32.31	3.1	0.53
Earnings From Cont. Operations, 2 Yr. CAGR %	9.14	47.51	34.28	7.91	4.88
Net Income, 2 Yr. CAGR %	9.14	47.51	34.28	7.91	4.88
Normalized Net Income, 2 Yr. CAGR %	-1.14	47.07	33.28	4.93	3.52
Diluted EPS Before Extra, 2 Yr. CAGR %	15.08	49.59	37.77	12.57	7.58
Accounts Receivable, 2 Yr. CAGR %	13.33	39.7	41.64	2.73	-8.42
Inventory, 2 Yr. CAGR %	2.43	11.37	23.27	15.27	-4.4
Net Property, Plant and Equip., 2 Yr. CAGR %	14.85	20.71	20.52	19.86	17.37
Total Assets, 2 Yr. CAGR %	12.59	16.51	9.34	9.08	13.47
Tangible Book Value, 2 Yr. CAGR %	46.02	36.37	8.25	19.26	35.71
Common Equity, 2 Yr. CAGR %	24.31	22.11	7.37	15.54	24.83
Cash From Operations, 2 Yr. CAGR %	0.22	29.46	19.13	26.44	26.77
Capital Expenditures, 2 Yr. CAGR %	-17.63	23.07	36.56	28.67	22.97
Levered Free Cash Flow, 2 Yr. CAGR %	21.49	27.08	14.24	28.15	33.58
Unlevered Free Cash Flow, 2 Yr. CAGR %	19.96	25.43	13.32	27.08	32.43
Dividend Per Share, 2 Yr. CAGR %	11.48	6.42	8.28	13.92	22.07
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.38	11.35	20.85	15.52	5.62
Gross Profit, 3 Yr. CAGR %	5.28	13.28	23.38	17.09	5.72
EBITDA, 3 Yr. CAGR %	3.71	15.6	30.32	19.03	2.84
EBITA, 3 Yr. CAGR %	3.09	15.88	31.86	19.39	2.76
EBIT, 3 Yr. CAGR %	4.32	17.3	32.38	19.65	3
Earnings From Cont. Operations, 3 Yr. CAGR %	0.94	24.68	34.1	23.74	6.82
Net Income, 3 Yr. CAGR %	0.94	24.68	34.1	23.74	6.82
Normalized Net Income, 3 Yr. CAGR %	3.85	17.18	32.82	21.44	5.21
Diluted EPS Before Extra, 3 Yr. CAGR %	6.45	29.31	37.53	27.42	10.39
Accounts Receivable, 3 Yr. CAGR %	9.99	28.62	33.2	20.47	0.51
Inventory, 3 Yr. CAGR %	10.04	5.01	19.52	13.61	7.95
Net Property, Plant and Equip., 3 Yr. CAGR %	20.3	16.56	20.81	19.92	18.57
Total Assets, 3 Yr. CAGR %	4.8	13.56	12	11.19	10.04
Tangible Book Value, 3 Yr. CAGR %	7.71	38.46	20.52	20.98	20.13
Common Equity, 3 Yr. CAGR %	4.2	21.4	14.08	15.62	15.77
Cash From Operations, 3 Yr. CAGR %	0.13	12.85	18.47	31.75	16.83
Capital Expenditures, 3 Yr. CAGR %	6.95	2.41	21.3	37.87	21.22
Levered Free Cash Flow, 3 Yr. CAGR %	2.1	26.7	15.21	30.82	19.24
Unlevered Free Cash Flow, 3 Yr. CAGR %	2.34	24.93	14.25	29.38	18.58
Dividend Per Share, 3 Yr. CAGR %	29.56	10.33	7.11	11.93	17.37
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	12.24	16.33	11.9	9.68	13.22
Gross Profit, 5 Yr. CAGR %	14.11	19.36	12.65	10.5	15.09
EBITDA, 5 Yr. CAGR %	18.49	24.68	13.74	10.52	17.2
EBITA, 5 Yr. CAGR %	19.09	25.58	13.75	10.39	18.07
EBIT, 5 Yr. CAGR %	21.28	27.55	14.72	11.23	18.46
Earnings From Cont. Operations, 5 Yr. CAGR %	21.32	27.89	13.14	17.68	21.54
Net Income, 5 Yr. CAGR %	21.32	27.89	13.14	17.68	21.54
Normalized Net Income, 5 Yr. CAGR %	21.56	28.42	14.84	11.94	20.1
Diluted EPS Before Extra, 5 Yr. CAGR %	28.47	32.96	18.02	22.33	24.66
Accounts Receivable, 5 Yr. CAGR %	12.34	17.73	21.7	17.56	14.66
Inventory, 5 Yr. CAGR %	16.32	16.02	15.15	9	9.31
Net Property, Plant and Equip., 5 Yr. CAGR %	15.78	18.91	20.39	17.87	19.42
Total Assets, 5 Yr. CAGR %	7.87	12.13	6.6	11.75	12.58
Tangible Book Value, 5 Yr. CAGR %	14.42	21.1	7.93	30.43	26.38
Common Equity, 5 Yr. CAGR %	6.8	11.16	5.46	19.02	18.26
Cash From Operations, 5 Yr. CAGR %	26.75	16.23	7.34	18.1	21.72
Capital Expenditures, 5 Yr. CAGR %	14.44	21.43	17.93	12.2	21.96
Levered Free Cash Flow, 5 Yr. CAGR %	30.89	9.48	6.79	27	22.05
Unlevered Free Cash Flow, 5 Yr. CAGR %	29.91	9.45	6.6	25.52	21.02
Dividend Per Share, 5 Yr. CAGR %	16.81	18.64	20.59	11.75	12.86