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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|
|Cost of products sold|
|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|
|Income from operations|
|Interest and other income, net|
|Income before income taxes|
|Provision for income taxes|
Based on: 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), 10-K (filing date: 2012-12-05).
|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 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||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 2015 to 2016 and from 2016 to 2017.|
|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 2015 to 2016 and from 2016 to 2017.|