Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Applied Materials Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020 Oct 27, 2019
Short-term debt
Current portion of long-term debt
Accounts payable
Compensation and employee benefits
Warranty
Dividends payable
Income taxes payable
Operating lease liabilities, current
Finance lease liabilities, current
Other
Accounts payable and accrued expenses
Contract liabilities
Current liabilities
Long-term debt, net of current portion
Income taxes payable
Defined and postretirement benefit plans
Operating lease liabilities, non-current
Other
Other liabilities
Non-current liabilities
Total liabilities
Preferred stock: $.01 par value per share; no shares issued
Common stock: $.01 par value per share
Additional paid-in capital
Retained earnings
Treasury stock
Accumulated other comprehensive loss
Stockholders’ equity
Total liabilities and stockholders’ equity

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


Short-term debt
The proportion of short-term debt to total liabilities and stockholders’ equity slightly decreased from 0.33% in 2023 to 0.29% in 2024, indicating stable and minimal reliance on short-term borrowing.
Current portion of long-term debt
This metric showed a decline from 3.15% in 2019 to 2.03% in 2024, suggesting improved debt structure with reduced short-term obligations maturing within the year.
Accounts payable
Accounts payable as a percentage of total liabilities and stockholders’ equity followed a fluctuating trend, rising from 5.04% in 2019 to a peak of 6.57% in 2022 before declining to 4.56% in 2024. This variation may reflect changes in vendor credit terms or operational cash management.
Compensation and employee benefits
Remained relatively steady around the 3.3% to 3.6% range, with a slight decrease noted in 2022 and modest recovery in 2024, indicating consistent labor-related obligations.
Warranty
The warranty liabilities exhibited minimal fluctuation, staying close to 1% throughout the period, indicating stable product assurance costs or related provisions.
Dividends payable
A declining trend from 1.01% in 2019 to 0.82% in 2022 was followed by a rebound to 0.95% by 2024, possibly reflecting dividend policy adjustments or payment timing.
Income taxes payable (current)
Experienced volatility with a significant spike to 2.84% in 2021, but generally decreased over the period, ending at 1.55% in 2024, indicating variability in tax liabilities, potentially due to changing tax obligations or settlements.
Operating lease liabilities (current)
Displayed a slight downward trend from 0.29% in 2020 to 0.25% in 2024, suggesting a modest decrease in current lease obligations.
Finance lease liabilities (current)
Data only available for 2023 at 0.33%, limiting comprehensive analysis, but presence indicates some level of current finance lease commitments.
Other current liabilities
Remained stable around 2.2% to 2.5%, showing consistency in other miscellaneous obligations within current liabilities.
Accounts payable and accrued expenses
Initially climbed from 13.2% in 2019 to a high of 16.53% in 2021, followed by a decline stabilizing around 14% in 2023 and 2024, indicating fluctuations in obligations arising from operations and accrued expenses.
Contract liabilities
Contract liabilities showed an increase from 5.91% in 2020 to a peak of 11.76% in 2022, then declined to 8.28% in 2024. This suggests variability in deferred revenue or advance payments from customers.
Current liabilities (total)
The total current liabilities as a proportion of total liabilities and equity varied, reaching a high of 27.61% in 2022 before decreasing to about 24.61% in 2024, reflecting changing short-term liquidity and obligations.
Long-term debt, net of current portion
There was a steady decline from 24.77% in 2019 to 15.87% in 2024, indicating a reduction in long-term debt components or repayment activity.
Income taxes payable (non-current)
This liability diminished consistently from 6.7% in 2019 to 1.95% in 2024, showing significant progress in settling or reclassifying long-term tax obligations.
Defined and postretirement benefit plans
The obligation under these plans reduced from 1.11% in 2019 to 0.41% in 2022 and remained stable thereafter, indicating a significant decrease in long-term employee benefit liabilities.
Operating lease liabilities (non-current)
A slight increase occurred until 2022 (1.07%), followed by a decline to 0.75% in 2024, suggesting some reduction in long-term lease commitments.
Other non-current liabilities
These liabilities remained relatively stable between 1.97% and 2.96%, with minor fluctuations over the years.
Total non-current liabilities
The share of non-current liabilities declined consistently from 33.45% in 2019 to 20.17% by 2024, indicating a general reduction in long-term obligations.
Total liabilities
Total liabilities as a percent of total liabilities and stockholders’ equity declined from 56.82% in 2019 to 44.78% in 2024, representing an overall reduction in leveraged obligations and possibly a stronger balance sheet position.
Common stock
Common stock remained marginal, decreasing slightly from 0.05% in 2019 to 0.02% in 2024, reflecting minimal par value changes.
Additional paid-in capital
A gradual decline occurred from 39.92% in 2019 to 28.07% in 2024, possibly due to share repurchases or changes in equity financing.
Retained earnings
Retained earnings increased from 128.19% in 2019 to 144.3% in 2024, indicating accumulation of profits over time and strengthening internal equity financing.
Treasury stock
Treasury stock was a significant negative component, fluctuating between -108.4% and -127.58%, but showing overall reduction to -116.68% in 2024, suggesting ongoing share repurchase activity but trends toward stabilization.
Accumulated other comprehensive loss
The comprehensive loss decreased in magnitude from -0.95% in 2019 to -0.49% in 2024, indicating some improvements in unrealized losses or other comprehensive items.
Stockholders’ equity
Stockholders’ equity increased from 43.18% in 2019 to 55.22% in 2024, reflecting enhanced equity financing, reduced liabilities, and overall improved financial stability.
Total liabilities and stockholders’ equity
Consistently maintained at 100% for all periods, confirming proportional allocation between liabilities and equity.