Stock Analysis on Net
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Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT) 

Common-Size Balance Sheet: Assets

Applied Materials Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Oct 26, 2025 Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020
Cash and cash equivalents 19.95 23.31 19.96 7.46 19.34 23.94
Short-term investments 3.67 4.21 2.40 2.19 1.80 1.73
Accounts receivable, net 14.28 15.21 16.81 22.70 19.18 13.26
Inventories 16.30 15.75 18.63 22.20 16.69 17.47
Prepaid income taxes and income taxes receivable 0.41 0.35 1.34 1.72 2.30 0.72
Prepaid expenses and other 2.92 2.83 3.18 3.30 3.07 2.69
Other current assets 3.33% 3.18% 4.52% 5.03% 5.37% 3.42%
Current assets 57.53% 61.67% 62.31% 59.59% 62.37% 59.81%
Long-term investments 11.92 8.10 7.42 7.41 7.96 6.88
Property, plant and equipment, net 12.70 9.70 8.86 8.63 7.49 7.18
Finance lease right-of-use assets 0.00 0.00 0.35 0.00 0.00 0.00
Property, plant and equipment, net, including finance lease right-of-use assets 12.70% 9.70% 9.21% 8.63% 7.49% 7.18%
Goodwill 10.21 10.85 12.14 13.84 13.47 15.51
Purchased technology and other intangible assets, net 0.62 0.72 0.96 1.27 0.40 0.68
Non-current deferred income taxes 3.40 6.95 5.63 5.22 6.28 7.65
Operating lease right-of-use assets 1.40 1.09 1.20 1.46 1.14 1.13
Income tax receivables and other assets 2.22 0.91 1.12 2.59 0.89 1.16
Deferred income taxes and other assets 7.02% 8.96% 7.95% 9.26% 8.31% 9.94%
Non-current assets 42.47% 38.33% 37.69% 40.41% 37.63% 40.19%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).

Cash and Cash Equivalents
Cash and cash equivalents as a percentage of total assets exhibited a declining trend from 23.94% in 2020 to a low of 7.46% in 2022, followed by a recovery to around 20% in recent years. This fluctuation indicates a phase of reduced liquidity in 2022 before a restoration of cash holdings.
Short-term Investments
Short-term investments showed a gradual increase over the period, rising from 1.73% in 2020 to a peak of 4.21% in 2024, then slightly decreasing to 3.67% in 2025. This suggests a growing allocation towards more liquid, short-dated financial assets.
Accounts Receivable, Net
Accounts receivable increased significantly from 13.26% in 2020 to a high of 22.7% in 2022, followed by a steady decline to 14.28% in 2025. The spike in 2022 could reflect expanded sales or changes in credit terms, with subsequent improvement in receivables management.
Inventories
Inventory levels fluctuated throughout the years, peaking at 22.2% in 2022 after a gradual decrease, then dropping to 15.75% before a slight rise to 16.3% in 2025. This pattern may indicate adjustments in stock management aligned with business cycles or demand variations.
Prepaid Income Taxes and Income Taxes Receivable
These decreased from a notable 2.3% in 2021 to a quarter percent by 2024, with a minor increase to 0.41% in 2025, indicating variability in tax-related assets relative to total assets.
Prepaid Expenses and Other Current Assets
The proportions remained relatively stable, fluctuating modestly around 3%, highlighting consistent levels of prepaid and miscellaneous current assets.
Other Current Assets
This category rose from 3.42% in 2020 to a peak of 5.37% in 2021, then declined to around 3.2-3.3% in later years, reflecting a temporary accumulation followed by normalization.
Current Assets
Current assets as a share of total assets showed moderate variability, peaking above 62% in 2021 and 2023, with a slight downtrend to 57.53% in 2025. The general level indicates a strong current asset base.
Long-term Investments
Long-term investments generally increased, moving from 6.88% in 2020 to a substantial 11.92% in 2025, indicating a strategic shift towards higher holdings in long-dated financial instruments or equity stakes.
Property, Plant and Equipment, Net
A steady increase from 7.18% in 2020 to 12.7% in 2025 was evident, signifying ongoing capital expenditure and asset accumulation in tangible fixed assets.
Finance Lease Right-of-Use Assets
Reported only from 2023, this item represented a small share (0.35%) of total assets, included within property, plant and equipment starting that year.
Goodwill
Goodwill as a percentage of total assets steadily declined from 15.51% in 2020 to 10.21% in 2025, implying either amortization, impairment, or lack of new significant acquisitions.
Purchased Technology and Other Intangible Assets, Net
This category fluctuated, reaching 1.27% in 2022 before decreasing to 0.62% in 2025, which might reflect amortization or changes in intangible asset holdings.
Non-current Deferred Income Taxes
There was a downward trend from 7.65% in 2020 to 3.4% in 2025, with minor fluctuations, suggesting changes in deferred tax asset or liability balances over time.
Operating Lease Right-of-Use Assets
The share remained relatively stable around 1.1% to 1.4% throughout the period, indicating a consistent level of operating lease commitments capitalized on the balance sheet.
Income Tax Receivables and Other Assets
Volatility is noted here, with percentages varying from below 1% to peaks above 2% in some years, signifying variations in tax recoverables and other miscellaneous non-current assets.
Deferred Income Taxes and Other Assets
This group showed moderate fluctuation yet a generally declining trend from 9.94% in 2020 to 7.02% in 2025, reflecting ongoing changes in deferred tax and related non-current asset balances.
Non-current Assets
Non-current assets percentage varied between approximately 37% and 42%, with a slight increase towards the end of the period, demonstrating steady investment in longer-term asset bases.
Total Assets
As a summation, total assets consistently represented 100% by definition, forming the basis for the relative percentages presented in other categories.