Applied Materials Inc. (AMAT)

Income Statement

Difficulty: Beginner

Annual Data

Quarterly Data

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 29, 2017		Oct 30, 2016		Oct 25, 2015		Oct 26, 2014		Oct 27, 2013		Oct 28, 2012
	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

Source: Applied Materials Inc., Annual Reports

Item	Description	The company
Net sales	Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.	Applied Materials Inc.'s net sales increased from 2015 to 2016 and from 2016 to 2017.
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 2015 to 2016 and from 2016 to 2017.
Income before income taxes	Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest.	Applied Materials Inc.'s income before income taxes increased from 2015 to 2016 and from 2016 to 2017.
Net income	The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes.	Applied Materials Inc.'s net income increased from 2015 to 2016 and from 2016 to 2017.

	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