Stock Analysis on Net
Stock Analysis on Net
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Applied Materials Inc. (NASDAQ:AMAT)

Cash Flow Statement

Beginner level

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Applied Materials Inc., consolidated cash flow statement

US$ in millions

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12 months ended: Oct 27, 2019 Oct 28, 2018 Oct 29, 2017 Oct 30, 2016 Oct 25, 2015 Oct 26, 2014
Net income 2,706  3,313  3,434  1,721  1,377  1,072 
Depreciation and amortization 363  457  407  389  371  375 
Excess tax benefits from share-based compensation —  —  (55) (23) (56) (30)
Deferred income taxes 49  94  (11) 21  (134) 58 
Other (19) (9) 38  53  13 
Share-based compensation 263  258  220  201  187  177 
Accounts receivable (207) (226) (37) (542) (61) (21)
Inventories 248  (792) (879) (216) (266) (154)
Other current and non-current assets (86) (93) (157) 30  26  26 
Accounts payable and accrued expenses (247) 179  245  107  (133) 79 
Contract liabilities 135  —  —  —  —  — 
Customer deposits and deferred revenue —  (318) 289  611  (175) 146 
Income taxes payable 44  886  121  173  (24) 142 
Other liabilities (2) 25  41  (44) (2) (83)
Changes in operating assets and liabilities, net of amounts acquired (115) (339) (377) 119  (635) 135 
Adjustments required to reconcile net income to cash provided by operating activities 541  474  175  745  (214) 728 
Cash provided by operating activities 3,247  3,787  3,609  2,466  1,163  1,800 
Capital expenditures (441) (622) (345) (253) (215) (241)
Cash paid for acquisitions, net of cash acquired (28) (6) (68) (16) (4) (12)
Proceeds from sale of facilities —  —  —  —  —  25 
Proceeds from sales and maturities of investments 1,940  3,276  2,743  1,234  1,100  878 
Purchases of investments (1,914) (2,077) (4,856) (1,390) (1,162) (811)
Cash (used in) provided by investing activities (443) 571  (2,526) (425) (281) (161)
Debt borrowings, net of issuance costs —  —  2,176  —  2,581  — 
Debt repayments —  —  (205) (1,207) —  — 
Proceeds from common stock issuances 145  124  97  88  88  107 
Common stock repurchases (2,403) (5,283) (1,172) (1,892) (1,325) — 
Tax withholding payments for vested equity awards (86) (164) —  —  —  — 
Payments of dividends to stockholders (771) (605) (430) (444) (487) (485)
Excess tax benefits from share-based compensation —  —  55  23  56  30 
Cash provided by (used in) financing activities (3,115) (5,928) 521  (3,432) 913  (348)
Increase (decrease) in cash and cash equivalents (311) (1,570) 1,604  (1,391) 1,795  1,291 
Cash and cash equivalents, beginning of year 3,440  5,010  3,406  4,797  3,002  1,711 
Cash and cash equivalents, end of year 3,129  3,440  5,010  3,406  4,797  3,002 

Based on: 10-K (filing date: 2019-12-13), 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).

Cash flow statement item Description The company
Cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Applied Materials Inc.’s cash provided by operating activities increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Cash (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Applied Materials Inc.’s cash (used in) provided by investing activities increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Applied Materials Inc.’s cash provided by (used in) financing activities decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.