| APPLIED MATERIALS, INC.
UNAUDITED CONSOLIDATED CONDENSED BALANCE SHEETS | |||||||
| (In millions) | October 29,
2017 | October 30,
2016 | |||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 5,010 | $ | 3,406 | |||
| Short-term investments | 2,266 | 343 | |||||
| Accounts receivable, net | 2,338 | 2,279 | |||||
| Inventories | 2,930 | 2,050 | |||||
| Other current assets | 374 | 275 | |||||
| Total current assets | 12,918 | 8,353 | |||||
| Long-term investments | 1,143 | 929 | |||||
| Property, plant and equipment, net | 1,066 | 937 | |||||
| Goodwill | 3,368 | 3,316 | |||||
| Purchased technology and other intangible assets, net | 412 | 575 | |||||
| Deferred income taxes and other assets1 | 512 | 460 | |||||
| Total assets | $ | 19,419 | $ | 14,570 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| Current liabilities: | |||||||
| Accounts payable, notes payable and accrued expenses | 2,450 | 2,256 | |||||
| Customer deposits and deferred revenue | 1,665 | 1,376 | |||||
| Total current liabilities | 4,115 | 3,632 | |||||
| Long-term debt1 | 5,304 | 3,125 | |||||
| Other liabilities | 651 | 596 | |||||
| Total liabilities | 10,070 | 7,353 | |||||
| Total stockholders’ equity | 9,349 | 7,217 | |||||
| Total liabilities and stockholders’ equity | $ | 19,419 | $ | 14,570 | |||
| 1 Balances reflect the effects of the retrospective adoption of the authoritative guidance in the first quarter of fiscal 2017, which required debt issuance costs to be presented as a direct reduction from the carrying amount of the related debt liability. These amounts were originally recorded under Other Assets. | |||||||
| APPLIED MATERIALS, INC.
UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS | |||||||||||||||
| (In millions) | Three Months Ended | Twelve Months Ended | |||||||||||||
| October 29,
2017 | October 30,
2016 | October 29,
2017 | October 30,
2016 | ||||||||||||
| Cash flows from operating activities: | |||||||||||||||
| Net income | $ | 982 | $ | 610 | $ | 3,434 | $ | 1,721 | |||||||
| Adjustments required to reconcile net income to cash provided by operating activities: | |||||||||||||||
| Depreciation and amortization | 105 | 100 | 407 | 389 | |||||||||||
| Share-based compensation | 58 | 51 | 220 | 201 | |||||||||||
| Excess tax benefits from share-based compensation | (4 | ) | (5 | ) | (55 | ) | (23 | ) | |||||||
| Deferred income taxes | (17 | ) | 7 | (11 | ) | 21 | |||||||||
| Other | (24 | ) | 18 | (9 | ) | 38 | |||||||||
| Net change in operating assets and liabilities | (401 | ) | 16 | (377 | ) | 119 | |||||||||
| Cash provided by operating activities | 699 | 797 | 3,609 | 2,466 | |||||||||||
| Cash flows from investing activities: | |||||||||||||||
| Capital expenditures | (124 | ) | (88 | ) | (345 | ) | (253 | ) | |||||||
| Cash paid for acquisitions, net of cash acquired | (12 | ) | (11 | ) | (68 | ) | (16 | ) | |||||||
| Proceeds from sales and maturities of investments | 921 | 553 | 2,743 | 1,234 | |||||||||||
| Purchases of investments | (1,314 | ) | (443 | ) | (4,856 | ) | (1,390 | ) | |||||||
| Cash provided by (used in) investing activities | (529 | ) | 11 | (2,526 | ) | (425 | ) | ||||||||
| Cash flows from financing activities: | |||||||||||||||
| Debt borrowings, net of issuance costs | — | — | 2,176 | — | |||||||||||
| Debt repayments | — | — | (205 | ) | (1,207 | ) | |||||||||
| Proceeds from common stock issuances and others | 50 | 44 | 97 | 88 | |||||||||||
| Common stock repurchases | (385 | ) | (171 | ) | (1,172 | ) | (1,892 | ) | |||||||
| Excess tax benefits from share-based compensation | 4 | 5 | 55 | 23 | |||||||||||
| Payments of dividends to stockholders | (107 | ) | (108 | ) | (430 | ) | (444 | ) | |||||||
| Cash provided by (used in) financing activities | (438 | ) | (230 | ) | 521 | (3,432 | ) | ||||||||
| Increase (decrease) in cash and cash equivalents | (268 | ) | 578 | 1,604 | (1,391 | ) | |||||||||
| Cash and cash equivalents — beginning of period | 5,278 | 2,828 | 3,406 | 4,797 | |||||||||||
| Cash and cash equivalents — end of period | $ | 5,010 | $ | 3,406 | $ | 5,010 | $ | 3,406 | |||||||
| Supplemental cash flow information: | |||||||||||||||
| Cash payments for income taxes | $ | 26 | $ | 13 | $ | 194 | $ | 157 | |||||||
| Cash refunds from income taxes | $ | 44 | $ | 9 | $ | 61 | $ | 113 | |||||||
| Cash payments for interest | $ | 76 | $ | 41 | $ | 186 | $ | 151 | |||||||
