Applied Materials, Inc. (AMAT)

Applied Materials Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	26,517	25,785	23,063	17,202	14,608
Revenue Growth (YoY)	2.84%	11.80%	34.07%	17.76%	-12.55%
Cost of Revenue	14,133	13,792	12,149	9,510	8,222
Gross Profit	12,384	11,993	10,914	7,692	6,386
Selling, General & Admin	1,628	1,438	1,229	1,093	982
Research & Development	3,102	2,771	2,485	2,234	2,054
Other Operating Expenses	0	-4	311	0	0
Operating Expenses	4,730	4,205	4,025	3,327	3,036
Operating Income	7,654	7,788	6,889	4,365	3,350
Interest Expense / Income	238	228	236	240	237
Other Expense / Income	-300	-39	-118	-41	-156
Pretax Income	7,716	7,599	6,771	4,166	3,269
Income Tax	860	1,074	883	547	563
Net Income	6,856	6,525	5,888	3,619	2,706
Net Income Growth	5.07%	10.82%	62.70%	33.74%	-10.93%
Shares Outstanding (Basic)	840	871	910	916	937
Shares Outstanding (Diluted)	845	877	919	923	945
Shares Change	-3.65%	-4.57%	-0.43%	-2.33%	-7.89%
EPS (Basic)	8.16	7.49	6.47	3.95	2.89
EPS (Diluted)	8.11	7.44	6.40	3.92	2.86
EPS Growth	9.01%	16.25%	63.27%	37.06%	-3.38%
Free Cash Flow	7,594	4,612	4,774	3,382	2,806
Free Cash Flow Per Share	9.04	5.29	5.25	3.69	3.00
Dividend Per Share	1.160	1.000	0.920	0.860	0.820
Dividend Growth	16.00%	8.70%	6.98%	4.88%	36.67%
Gross Margin	46.70%	46.51%	47.32%	44.72%	43.72%
Operating Margin	28.86%	30.20%	29.87%	25.37%	22.93%
Profit Margin	25.86%	25.31%	25.53%	21.04%	18.52%
Free Cash Flow Margin	28.64%	17.89%	20.70%	19.66%	19.21%
Effective Tax Rate	11.15%	14.13%	13.04%	13.13%	17.22%
EBITDA	8,469	8,271	7,401	4,782	3,869
EBITDA Margin	31.94%	32.08%	32.09%	27.80%	26.49%
Depreciation & Amortization	515	444	394	376	363
EBIT	7,954	7,827	7,007	4,406	3,506
EBIT Margin	30.00%	30.35%	30.38%	25.61%	24.00%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).