Applied Materials Cash Flow Statement

Financials in millions USD. Fiscal year is November - October.

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 25, 2026	Oct '25 Oct 26, 2025	Oct '24 Oct 27, 2024	Oct '23 Oct 29, 2023	Oct '22 Oct 30, 2022	Oct '21 Oct 31, 2021
Net Income	7,839	6,998	7,177	6,856	6,525	5,888
Depreciation & Amortization	457	435	392	515	444	394
Asset Writedown & Restructuring Costs	191	179	-	-	-	-
Loss (Gain) From Sale of Investments	-1,358	-792	-15	-16	-	-
Stock-Based Compensation	680	668	577	490	413	346
Other Operating Activities	181	670	-571	80	-191	158
Change in Accounts Receivable	49	49	-69	903	-1,109	-1,989
Change in Inventory	-494	-494	304	207	-1,590	-405
Change in Accounts Payable	307	307	281	-138	390	465
Change in Unearned Revenue	-283	-283	-126	-167	1,039	755
Change in Income Taxes	250	250	389	-20	-541	396
Change in Other Net Operating Assets	900	-29	338	-10	19	-566
Operating Cash Flow	8,719	7,958	8,677	8,700	5,399	5,442
Operating Cash Flow Growth	19.82%	-8.29%	-0.26%	61.14%	-0.79%	43.06%
Capital Expenditures	-2,525	-2,260	-1,190	-1,106	-787	-668
Sale of Property, Plant & Equipment	33	33	-	-	-	-
Cash Acquisitions	-1	-29	-	-25	-441	-12
Investment in Securities	-172	-526	-1,137	-404	-129	-536
Investing Cash Flow	-2,665	-2,782	-2,327	-1,535	-1,357	-1,216
Short-Term Debt Issued	-	503	401	991	-	-
Long-Term Debt Issued	-	991	694	-	-	-
Total Debt Issued	1,494	1,494	1,095	991	-	-
Short-Term Debt Repaid	-	-1,202	-400	-900	-	-
Long-Term Debt Repaid	-	-	-102	-7	-	-
Total Debt Repaid	-1,202	-1,202	-502	-907	-	-
Net Debt Issued (Repaid)	292	292	593	84	-	-
Issuance of Common Stock	261	261	243	227	199	175
Repurchase of Common Stock	-4,249	-5,143	-4,114	-2,368	-6,369	-3,928
Common Dividends Paid	-1,423	-1,384	-1,192	-975	-873	-838
Other Financing Activities	-3	-3	-	-	-	-
Financing Cash Flow	-5,122	-5,977	-4,470	-3,032	-7,043	-4,591
Net Cash Flow	932	-801	1,880	4,133	-3,001	-365
Free Cash Flow	6,194	5,698	7,487	7,594	4,612	4,774
Free Cash Flow Growth	4.36%	-23.89%	-1.41%	64.66%	-3.39%	41.16%
Free Cash Flow Margin	21.95%	20.09%	27.55%	28.64%	17.89%	20.70%
Free Cash Flow Per Share	7.71	7.05	8.98	8.99	5.26	5.20
Cash Interest Paid	252	239	205	205	205	205
Cash Income Tax Paid	1,523	1,414	942	953	1,713	824
Levered Free Cash Flow	4,443	3,653	5,567	5,392	3,120	3,284
Unlevered Free Cash Flow	4,614	3,821	5,721	5,541	3,262	3,431
Change in Working Capital	729	-200	1,117	775	-1,792	-1,344

Updated Jan 25, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.