Stock Analysis on Net
Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT)

Cash Flow Statement
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
3 months ended: Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Oct 25, 2015 Jul 26, 2015 Apr 26, 2015 Jan 25, 2015 Oct 26, 2014 Jul 27, 2014 Apr 27, 2014 Jan 26, 2014
Net income 841  755  892  698  571  666  771  876  1,173  1,129  135  982  925  824  703  610  505  320  286  336  329  364  348  256  301  262  253 
Depreciation and amortization 94  91  94  92  89  94  88  120  110  108  119  105  102  103  97  100  97  96  96  96  93  90  92  94  93  94  94 
Share-based compensation 70  71  93  66  67  65  65  65  64  64  65  58  55  53  54  51  48  48  54  46  46  47  48  45  44  42  46 
Excess tax benefits from share-based compensation —  —  —  —  —  —  —  —  —  —  —  (4) (3) (4) (44) (5) (5) (3) (10) (2) (3) (12) (39) (4) (1) (7) (18)
Deferred income taxes 79  (11) 30  (8) 41  (18) 26  45  41  (17) (3) (16) 25  21  (22) 15  (159) 18  (21) 28  —  —  —  — 
Other 33  15  —  (10) (10) —  (7) 11  —  (24) —  18  10  (11) 43  13  49  12 
Accounts receivable (179) 54  (146) (160) (107) 181  (121) 317  (217) (482) 156  (63) 124  (9) (89) (430) 63  (288) 113  261  (194) (218) 90  (32) (7) (105) 123 
Inventories (217) (254) 66  138  26  18  (41) (187) (369) (195) (54) (266) (328) (231) (24) (100) (90) (2) (94) (26) (72) (74) (21) 18  (32) (119)
Other current and non-current assets (31) (13) (99) (84) (85) 76  (95) 36  (112) 78  (43) (84) 12  (42) (22) (2) 68  (14) 28  145  (70) (77) (53) 13  53  13 
Accounts payable and accrued expenses 161  88  (6) 90  72  (96) (313) (35) 114  225  (125) 92  197  114  (158) 191  171  168  (423) 41  (79) 61  (156) 154  (1) 32  (106)
Contract liabilities 55  (66) 64  (94) 37  37  155  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Customer deposits and deferred revenue —  —  —  —  —  —  —  (234) (380) (57) 353  (451) 329  118  293  212  183  131  85  (93) (16) 90  (156) (125) 66  98  107 
Income taxes payable (86) (60) 23  96  (94) 41  122  (96) 53  807  108  (30) 28  15  135  (6) 39  48  (28) (5) (39) 129  10  (17) 20 
Other liabilities 47  (27) 25  (27) 12  —  (3) (4) 32  10  14  14  (46) (8) (26) 31  (13) (37) (1) (50)
Changes in operating assets and liabilities (250) (278) (137) (22) 62  (23) (132) 34  (733) (746) 1,106  (401) 284  (62) (198) 16  310  37  (244) 165  (192) (183) (425) 15  98  34  (12)
Adjustments required to reconcile net income to cash provided by operating activities 26  (120) 95  128  216  134  63  201  (540) (518) 1,331  (283) 441  74  (57) 187  476  161  (79) 135  (66) (288) 151  283  175  119 
Cash provided by operating activities 867  635  987  826  787  800  834  1,077  633  611  1,466  699  1,366  898  646  797  981  481  207  471  334  298  60  407  584  437  372 
Capital expenditures (87) (71) (102) (97) (93) (118) (133) (165) (133) (121) (203) (124) (80) (77) (64) (88) (50) (47) (68) (53) (49) (64) (49) (63) (65) (65) (48)
Cash paid for acquisitions, net of cash acquired (80) (27) —  —  (5) (23) —  (1) —  —  (5) (12) (30) (26) —  (11) (8) —  (2) (2) —  —  (12) —  —  — 
Proceeds from sale of facilities —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  25  —  —  — 
Proceeds from sales and maturities of investments 353  667  368  555  479  442  464  453  391  488  1,944  921  935  601  286  553  208  232  241  200  583  177  140  176  181  157  364 
Purchases of investments (178) (404) (428) (544) (543) (430) (397) (416) (932) (345) (384) (1,314) (1,174) (1,779) (589) (443) (483) (182) (282) (202) (616) (203) (141) (179) (308) (161) (163)
Cash (used in) provided by investing activities 165  (162) (86) (162) (129) (66) (129) (674) 22  1,352  (529) (349) (1,281) (367) 11  (322) (5) (109) (57) (84) (90) (50) (53) (192) (69) 153 
Debt borrowings, net of issuance costs 1,481  1,498  —  —  —  —  —  —  —  —  —  —  —  2,176  —  —  —  —  —  2,581  —  —  —  —  —  —  — 
Debt repayments (2,882) —  —  —  —  —  —  —  —  —  —  —  (205) —  —  —  (2) —  (1,205) —  —  —  —  —  —  —  — 
Proceeds from common stock issuances —  76  15  72  —  73  —  68  —  56  —  50  46  —  44  —  42  45  42  —  40  56  10 
Common stock repurchases (200) (199) (200) (500) (528) (625) (750) (751) (1,250) (2,500) (782) (385) (375) (282) (130) (171) (196) (900) (625) (700) (625) —  —  —  —  —  — 
Tax withholding payments for vested equity awards (3) (10) (153) (3) (3) (6) (74) (4) (6) (13) (141) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Excess tax benefits from share-based compensation —  —  —  —  —  —  —  —  —  —  —  44  10  12  39  18 
Payments of dividends to stockholders (202) (193) (192) (194) (196) (189) (192) (195) (199) (105) (106) (107) (107) (108) (108) (108) (108) (113) (115) (119) (123) (123) (122) (122) (121) (122) (120)
Cash provided by (used in) financing activities (1,806) 1,172  (530) (625) (727) (747) (1,016) (882) (1,455) (2,562) (1,029) (438) (683) 1,836  (194) (230) (301) (968) (1,933) 1,809  (744) (69) (83) (78) (119) (59) (92)
Effect of exchange rate changes on cash and cash equivalents —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (1) —  —  —  —  — 
Increase (decrease) in cash, cash equivalents and restricted cash equivalents (931) 1,972  295  115  (102) (76) (248) 66  (1,496) (1,929) 1,789  (268) 334  1,453  85  578  358  (492) (1,835) 2,223  (493) 138  (73) 276  273  309  433 

Based on: 10-Q (filing date: 2020-08-20), 10-Q (filing date: 2020-05-21), 10-Q (filing date: 2020-02-20), 10-K (filing date: 2019-12-13), 10-Q (filing date: 2019-08-22), 10-Q (filing date: 2019-05-23), 10-Q (filing date: 2019-02-21), 10-K (filing date: 2018-12-13), 10-Q (filing date: 2018-08-23), 10-Q (filing date: 2018-05-24), 10-Q (filing date: 2018-02-22), 10-K (filing date: 2017-12-15), 10-Q (filing date: 2017-08-24), 10-Q (filing date: 2017-05-25), 10-Q (filing date: 2017-02-23), 10-K (filing date: 2016-12-15), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-Q (filing date: 2016-02-25), 10-K (filing date: 2015-12-09), 10-Q (filing date: 2015-08-20), 10-Q (filing date: 2015-05-21), 10-Q (filing date: 2015-02-19), 10-K (filing date: 2014-12-17), 10-Q (filing date: 2014-08-21), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20).

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 decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.
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 Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
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 increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.