Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT)

Common-Size Income Statement 

Applied Materials Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020 Oct 27, 2019 Oct 28, 2018
Net sales 100.00 100.00 100.00 100.00 100.00 100.00
Cost of products sold -53.30 -53.49 -52.68 -55.28 -56.28 -54.69
Gross profit 46.70% 46.51% 47.32% 44.72% 43.72% 45.31%
Research, development and engineering -11.70 -10.75 -10.77 -12.99 -14.06 -11.70
Marketing and selling -2.93 -2.73 -2.64 -3.06 -3.57 -3.02
General and administrative -3.21 -2.85 -2.69 -3.30 -3.16 -2.79
Severance and related charges 0.00 0.02 -0.68 0.00 0.00 0.00
Deal termination fee 0.00 0.00 -0.67 0.00 0.00 0.00
Operating expenses -17.84% -16.31% -17.45% -19.34% -20.78% -17.51%
Income from operations 28.86% 30.20% 29.87% 25.37% 22.93% 27.80%
Interest expense -0.90 -0.88 -1.02 -1.40 -1.62 -1.36
Interest and other income, net 1.13 0.15 0.51 0.24 1.07 0.77
Income before income taxes 29.10% 29.47% 29.36% 24.22% 22.38% 27.21%
Provision for income taxes -3.24 -4.17 -3.83 -3.18 -3.85 -8.00
Net income 25.86% 25.31% 25.53% 21.04% 18.52% 19.20%

Based on: 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), 10-K (reporting date: 2019-10-27), 10-K (reporting date: 2018-10-28).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. Applied Materials Inc. income from operations as a percentage of net sales increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Applied Materials Inc. income before income taxes as a percentage of net sales increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Applied Materials Inc. net income as a percentage of net sales decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.