Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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Applied Materials Inc. pages available for free this week:
- Cash Flow Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Debt
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Applied Materials Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-04-27), 10-Q (reporting date: 2025-01-26), 10-K (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-Q (reporting date: 2024-01-28), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-Q (reporting date: 2020-01-26), 10-K (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-Q (reporting date: 2019-01-27).
- Cash and Cash Equivalents
- The balance of cash and cash equivalents increased significantly from early 2019, peaking in early 2024 at over $8 billion, before showing a decline towards the second quarter of 2025. The trend indicates robust liquidity management with a focus on maintaining substantial cash reserves, albeit with some recent variability.
- Short-term Investments
- Short-term investments experienced moderate fluctuations throughout the period. Notably, there was a strong rise in the first quarter of 2024 reaching nearly $1.45 billion, followed by a sharp decrease in the following quarters, highlighting a shift in investment strategy or liquidity needs.
- Accounts Receivable, Net
- Accounts receivable displayed a consistent upward trend from 2019 through 2025, rising from approximately $2.44 billion to over $6.1 billion. This pattern may reflect increasing sales or extended credit terms, suggesting growing business volume alongside potential collection risks.
- Inventories
- Inventories rose steadily from $3.7 billion in early 2019 to a peak of around $6 billion by early 2023, after which they saw a mild decrease but remained elevated above $5.5 billion. This gradual increase suggests scaling production or stocking in anticipation of demand.
- Other Current Assets
- Other current assets showed considerable volatility with peaks mainly around late 2021 and early 2022, reaching nearly $1.4 billion, followed by fluctuating levels in subsequent periods. This variation could reflect timing differences in prepaid expenses or other current asset components.
- Current Assets
- Total current assets grew steadily over the period from about $10.3 billion to above $21 billion, indicating an overall strengthening of short-term asset positions and improved liquidity, with a minor decline towards mid-2025.
- Long-term Investments
- Long-term investments fluctuated modestly within a range of roughly $1.5 billion to $3.6 billion, with a marked increase in early 2024. The fluctuations suggest strategic reallocations or revaluations of longer-term assets.
- Property, Plant and Equipment, Net
- This asset category demonstrated a steady increase from roughly $1.46 billion to nearly $3.8 billion over the period, reflecting ongoing capital expenditures and growth in fixed assets supporting operations.
- Goodwill
- Goodwill remained relatively stable around $3.4 billion to $3.7 billion, showing minor increments likely related to acquisitions or adjustments. The stability suggests no significant impairments or large goodwill-related transactions during the period.
- Purchased Technology and Other Intangible Assets, Net
- Intangible assets saw a downward trend from 2019 through mid-2022, followed by a moderate rebound and subsequent stability slightly below $300 million. This pattern may be associated with amortization and occasional acquisitions or adjustments.
- Deferred Income Taxes and Other Assets
- These assets exhibited relatively stable levels with a slight upward trend over time, moving from about $2 billion to above $3 billion at various peaks. The changes might be linked to tax timing differences or other long-term asset adjustments.
- Non-current Assets
- Non-current assets showed a consistent increase from approximately $8.6 billion to nearly $14 billion, reflecting the accumulation of long-term investments, fixed assets, goodwill, and intangible assets, indicating expansion and capital investments.
- Total Assets
- Total assets increased steadily from just under $19 billion in early 2019 to over $34 billion in mid-2024, before a slight decline by Q2 2025. This overall growth signals expansion in the company's scale and asset base, supported by both current and non-current asset increases.