← APPLIED MATERIALS INC /DE
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $1.7b | $3.4b | $3.3b | $2.7b | $3.6b | $5.9b | $6.5b | $6.9b | $7.2b | $7.0b | |
| Amortization of Intangible Assets | $189.0m | $193.0m | $199.0m | $57.0m | $56.0m | $49.0m | $40.0m | $44.0m | — | — | |
| Depreciation | $200.0m | $214.0m | $258.0m | $306.0m | $320.0m | $345.0m | $404.0m | $471.0m | $346.0m | $389.0m | |
| Depreciation, Depletion and Amortization | $389.0m | $407.0m | $457.0m | $363.0m | $376.0m | $394.0m | $444.0m | $515.0m | $392.0m | $435.0m | |
| Deferred Income Tax Expense (Benefit) | ($21.0m) | ($12.0m) | $198.0m | $51.0m | $68.0m | $60.0m | $195.0m | ($358.0m) | ($678.0m) | $1.2b | |
| Deferred income taxes | $21.0m | ($11.0m) | $94.0m | $49.0m | $80.0m | $80.0m | ($223.0m) | $24.0m | ($633.0m) | $639.0m | |
| Restricted cash equivalents included in deferred income taxes and other assets | — | — | $0 | $0 | $115.0m | $106.0m | $105.0m | $101.0m | $91.0m | $71.0m | |
| (Gain) loss and impairments on investments, net | — | — | — | — | — | — | — | ($16.0m) | ($15.0m) | ($792.0m) | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | $121.0m | $0 | $0 | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $0 | $41.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $164.0m | $86.0m | $172.0m | $178.0m | $266.0m | $179.0m | $291.0m | $248.0m | |
| Share-based Payment Arrangement, Expense | $201.0m | $220.0m | $258.0m | $263.0m | $307.0m | $346.0m | $413.0m | $490.0m | $577.0m | $660.0m | |
| Share-based Payment Arrangement, Noncash Expense | $201.0m | $220.0m | $258.0m | $263.0m | $307.0m | $346.0m | $413.0m | $490.0m | $577.0m | $668.0m | |
| Share-based compensation | $201.0m | $220.0m | $258.0m | $263.0m | $307.0m | $346.0m | $413.0m | $490.0m | $577.0m | $668.0m | |
| Income Tax Expense (Benefit) | $292.0m | $297.0m | $1.4b | $563.0m | $547.0m | $883.0m | $1.1b | $860.0m | $975.0m | $2.3b | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $247.0m | $269.0m | |
| Other Nonoperating Income (Expense) | $16.0m | $61.0m | $132.0m | $156.0m | $41.0m | $118.0m | $39.0m | $300.0m | $532.0m | $1.3b | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Non-cash transactions: | |||||||||||
| Accounts payable and accrued expenses | $107.0m | $245.0m | $179.0m | ($247.0m) | $327.0m | $465.0m | $390.0m | ($138.0m) | $281.0m | $307.0m | |
| Accounts receivable | ($542.0m) | ($37.0m) | ($226.0m) | ($207.0m) | ($427.0m) | ($2.0b) | ($1.1b) | $903.0m | ($69.0m) | $49.0m | |
| Cash paid for acquisitions, net of cash acquired | ($16.0m) | ($68.0m) | ($6.0m) | ($28.0m) | ($107.0m) | ($12.0m) | ($441.0m) | ($25.0m) | $0 | ($29.0m) | |
| Cash payments for income taxes | $157.0m | $194.0m | $300.0m | $522.0m | $542.0m | $851.0m | $1.9b | $1.0b | $957.0m | $1.5b | |
| Cash payments for interest | $151.0m | $186.0m | $219.0m | $219.0m | $219.0m | $205.0m | $205.0m | $205.0m | $205.0m | $239.0m | |
| Cash refunds from income taxes | $113.0m | $61.0m | $63.0m | $22.0m | $68.0m | $27.0m | $156.0m | $53.0m | $15.0m | $90.0m | |
| Cash used in financing activities | ($3.4b) | $521.0m | ($5.9b) | ($3.1b) | ($1.3b) | ($4.6b) | ($7.0b) | ($3.0b) | ($4.5b) | ($6.0b) | |
| Cash used in investing activities | ($425.0m) | ($2.5b) | $571.0m | ($443.0m) | ($130.0m) | ($1.2b) | ($1.4b) | ($1.5b) | ($2.3b) | ($2.8b) | |
| Contract liabilities | — | $133.0m | $75.0m | $135.0m | ($16.0m) | $755.0m | $1.0b | ($167.0m) | ($126.0m) | ($283.0m) | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | $36.0m | $9.0m | $99.0m | $7.0m | $27.0m | — | — | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | — | — | $792.0m | |
| General and Administrative Expense | $390.0m | $434.0m | $481.0m | $461.0m | $567.0m | $620.0m | $735.0m | $852.0m | $961.0m | $910.0m | |
| Goodwill | $3.3b | $3.4b | $3.4b | $3.4b | $3.5b | $3.5b | $3.7b | $3.7b | $3.7b | $3.7b | |
| Income taxes payable | $173.0m | $121.0m | $886.0m | $44.0m | ($10.0m) | $396.0m | ($541.0m) | ($20.0m) | $389.0m | $250.0m | |
| Increase (Decrease) in Accounts Receivable | $542.0m | $37.0m | $226.0m | $207.0m | $427.0m | $2.0b | $1.1b | ($903.0m) | $69.0m | ($49.0m) | |
| Increase (Decrease) in Inventories | $216.0m | $879.0m | $792.0m | ($248.0m) | $421.0m | $405.0m | $1.6b | ($207.0m) | ($304.0m) | $494.0m | |
| Inventories | ($216.0m) | ($879.0m) | ($792.0m) | $248.0m | ($421.0m) | ($405.0m) | ($1.6b) | $207.0m | $304.0m | ($494.0m) | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | — | $406.0m | |
| Operating Expenses | $2.4b | $2.7b | $3.0b | $3.0b | $3.3b | $4.0b | $4.2b | $4.7b | $5.0b | $5.5b | |
| Other | $38.0m | ($9.0m) | $4.0m | ($19.0m) | $60.0m | ($70.0m) | $36.0m | $40.0m | $47.0m | $31.0m | |
| Other current and non-current assets | $30.0m | ($157.0m) | ($93.0m) | ($86.0m) | ($161.0m) | ($602.0m) | ($16.0m) | ($48.0m) | $287.0m | ($119.0m) | |
| Other liabilities | ($44.0m) | $41.0m | $25.0m | ($2.0m) | $70.0m | $36.0m | $35.0m | $38.0m | $51.0m | $90.0m | |
| Proceeds from asset sale | — | — | — | — | — | — | — | $0 | $0 | $33.0m | |
| Proceeds from commercial paper | — | — | — | — | — | $0 | $0 | $991.0m | $401.0m | $503.0m | |
| Repayments of commercial paper | — | — | — | — | — | $0 | $0 | ($900.0m) | ($400.0m) | ($502.0m) | |
| Repayments of principals on finance leases | — | — | — | — | — | $0 | $0 | ($7.0m) | ($102.0m) | $0 | |
| Restructuring Costs | — | — | — | — | — | $148.0m | ($4.0m) | $0 | $0 | $179.0m | |
| Restructuring charges | — | — | — | $0 | $0 | $148.0m | ($4.0m) | $0 | $0 | $179.0m | |
| Tax withholding payments for vested equity awards | ($77.0m) | ($125.0m) | ($164.0m) | ($86.0m) | ($172.0m) | ($178.0m) | ($266.0m) | ($179.0m) | ($291.0m) | ($248.0m) | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | $5.0m | $0 | $0 | $0 | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $2.5b | $3.6b | $3.8b | $3.2b | $3.8b | $5.4b | $5.4b | $8.7b | $8.7b | $8.0b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $253.0m | $345.0m | $622.0m | $441.0m | $422.0m | $668.0m | $787.0m | $1.1b | $1.2b | $2.3b | |
| Property, plant and equipment acquisitions funded by liabilities | $253.0m | $345.0m | $622.0m | $441.0m | $422.0m | $668.0m | $787.0m | $1.1b | $1.2b | $2.3b | |
| Payments to Acquire Businesses, Net of Cash Acquired | $16.0m | $68.0m | $6.0m | $28.0m | $107.0m | $12.0m | $441.0m | $25.0m | $0 | $29.0m | |
| Payments to Acquire Investments | $1.4b | $4.9b | $2.1b | $1.9b | $1.4b | $2.0b | $1.5b | $1.7b | $3.6b | $6.1b | |
| Purchases of investments | ($1.4b) | ($4.9b) | ($2.1b) | ($1.9b) | ($1.4b) | ($2.0b) | ($1.5b) | ($1.7b) | ($3.6b) | ($6.1b) | |
| Proceeds from sales and maturities of investments | $1.2b | $2.7b | $3.3b | $1.9b | $1.8b | $1.5b | $1.4b | $1.3b | $2.5b | $5.5b | |
| Net Cash Provided by (Used in) Investing Activities | ($425.0m) | ($2.5b) | $571.0m | ($443.0m) | ($130.0m) | ($1.2b) | ($1.4b) | ($1.5b) | ($2.3b) | ($2.8b) | |
| Cash flows from financing activities: | |||||||||||
| Debt borrowings, net of issuance costs | $0 | $2.2b | $0 | $0 | $3.0b | $0 | $0 | $0 | $694.0m | $991.0m | |
| Payments of debt issuance costs | — | — | — | — | — | — | — | $0 | $0 | ($3.0m) | |
| Proceeds from Issuance of Long-term Debt | — | $2.2b | $0 | $0 | $3.0b | $0 | $0 | — | $694.0m | $991.0m | |
| Debt repayments | ($1.2b) | ($205.0m) | $0 | $0 | ($2.9b) | $0 | $0 | $0 | $0 | ($700.0m) | |
| Repayments of Long-term Debt | — | $205.0m | $0 | $0 | $2.9b | $0 | $0 | — | — | $700.0m | |
| Proceeds from Issuance of Common Stock | $88.0m | $97.0m | $124.0m | $145.0m | $174.0m | $175.0m | $199.0m | $227.0m | $243.0m | $261.0m | |
| Proceeds from common stock issuances | $88.0m | $97.0m | $124.0m | $145.0m | $174.0m | $175.0m | $199.0m | $227.0m | $243.0m | $261.0m | |
| Common stock repurchases | ($1.9b) | ($1.2b) | ($5.3b) | ($2.4b) | ($649.0m) | ($3.8b) | ($6.1b) | ($2.2b) | ($3.8b) | ($4.9b) | |
| Payments for Repurchase of Common Stock | $1.9b | $1.2b | $5.3b | $2.4b | $649.0m | $3.8b | $6.1b | $2.2b | $3.8b | $4.9b | |
| Dividends Payable, Current | $108.0m | $106.0m | $193.0m | $192.0m | $201.0m | $214.0m | $220.0m | $267.0m | $327.0m | $365.0m | |
| Dividends paid | $444.0m | $430.0m | $605.0m | $771.0m | $787.0m | $838.0m | $873.0m | $975.0m | $1.2b | $1.4b | |
| Payments of dividends to stockholders | ($444) | ($430) | ($605) | ($771) | ($787) | ($838) | ($873) | ($975) | ($1k) | ($1k) | |
| Net Cash Provided by (Used in) Financing Activities | ($3.4b) | $521.0m | ($5.9b) | ($3.1b) | ($1.3b) | ($4.6b) | ($7.0b) | ($3.0b) | ($4.5b) | ($6.0b) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($311.0m) | $2.3b | ($365.0m) | ($3.0b) | $4.1b | $1.9b | ($801.0m) | |
| Increase (decrease) in cash, cash equivalents and restricted cash equivalents | — | $1.6b | ($1.6b) | ($311.0m) | $2.3b | ($365.0m) | ($3.0b) | $4.1b | $1.9b | ($801.0m) | |
| Cash and cash equivalents | $3.4b | $5.0b | $3.4b | $3.1b | $5.4b | $5.0b | $2.0b | $6.1b | $8.0b | $7.2b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $3.1b | $5.5b | $5.1b | $2.1b | $6.2b | $8.1b | $7.3b | |
| Cash, cash equivalents and restricted cash equivalents — beginning of period | — | $5.0b | $3.4b | $3.1b | $5.5b | $5.1b | $2.1b | $6.2b | $8.1b | $7.3b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $151.0m | $186.0m | $219.0m | $219.0m | $219.0m | $205.0m | $205.0m | $205.0m | $205.0m | $239.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.