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
Stock-Based Compensation	680	668	577	490	413	346
Other Adjustments	-373	57	-586	64	-191	158
Change in Receivables	1,021	49	-69	903	-1,109	-1,989
Changes in Inventories	-496	-494	304	207	-1,590	-405
Changes in Accounts Payable	-24	307	281	-138	390	465
Changes in Income Taxes Payable	531	250	389	-20	-541	396
Changes in Unearned Revenue	20	-283	-126	-167	1,039	755
Changes in Other Operating Activities	-323	-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	16.5	33	-	-	-	-
Purchases of Investments	-5,620	-6,054	-3,588	-1,672	-1,492	-2,007
Proceeds from Sale of Investments	5,448	5,528	2,451	1,268	1,363	1,471
Payments for Business Acquisitions	-1	-29	-	-25	-441	-12
Investing Cash Flow	-2,665	-2,782	-2,327	-1,535	-1,357	-1,216
Short-Term Debt Issued	503	503	401	991	-	-
Short-Term Debt Repaid	-502	-502	-400	-900	-	-
Net Short-Term Debt Issued (Repaid)	1	1	1	91	-	-
Long-Term Debt Issued	991	991	694	-	-	-
Long-Term Debt Repaid	-700	-700	-102	-7	-	-
Net Long-Term Debt Issued (Repaid)	291	291	592	-7	-	-
Issuance of Common Stock	196.5	261	243	227	199	175
Repurchase of Common Stock	-4,249	-5,143	-4,114	-2,368	-6,369	-3,928
Net Common Stock Issued (Repurchased)	-4,053	-4,882	-3,871	-2,141	-6,170	-3,753
Common Dividends Paid	-1,423	-1,384	-1,192	-975	-873	-838
Other Financing Activities	-337	-251	-393	-186	-266	-178
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	8.71%	-23.89%	-1.41%	64.66%	-3.39%	41.16%
FCF Margin	21.95%	20.09%	27.55%	28.64%	17.89%	20.70%
Free Cash Flow Per Share	7.72	7.05	8.98	8.99	5.26	5.19
Levered Free Cash Flow	7,617	5,216	8,158	6,221	5,499	6,259
Unlevered Free Cash Flow	6,056	4,183	7,314	6,082	5,661	6,362

Updated Jan 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.