Applied Materials Inc. (AMAT)

Income Statement

Difficulty: Beginner

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Applied Materials Inc., Consolidated Income Statement

USD $ in millions

	12 months ended	Oct 28, 2018		Oct 29, 2017		Oct 30, 2016		Oct 25, 2015		Oct 26, 2014		Oct 27, 2013
	Net sales
	Cost of products sold
	Gross profit
	Research, development and engineering
	Marketing and selling
	General and administrative
	Gain (loss) on derivatives associated with terminated business combination
	Impairment of goodwill and intangible assets
	Operating expenses
	Income from operations
	Interest expense
	Interest and other income, net
	Income before income taxes
	Provision for income taxes
	Net income

Based on: 10-K (filing date: 2018-12-13), 10-K (filing date: 2017-12-15), 10-K (filing date: 2016-12-15), 10-K (filing date: 2015-12-09), 10-K (filing date: 2014-12-17), 10-K (filing date: 2013-12-04).

Item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Applied Materials Inc.’s net sales increased from 2016 to 2017 and from 2017 to 2018.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	Applied Materials Inc.’s income from operations increased from 2016 to 2017 and from 2017 to 2018.
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.’s income before income taxes increased from 2016 to 2017 and from 2017 to 2018.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Applied Materials Inc.’s net income increased from 2016 to 2017 but then slightly declined from 2017 to 2018.

	Applied Materials Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality