APPLIED MATERIALS, INC.
UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
| (In millions) | Three Months Ended | Nine Months Ended | |||||||||||||
| July 28,
2019 | July 29,
2018 | July 28,
2019 | July 29,
2018 | ||||||||||||
| Cash flows from operating activities: | |||||||||||||||
| Net income | $ | 571 | $ | 1,016 | $ | 2,008 | $ | 2,281 | |||||||
| Adjustments required to reconcile net income to cash provided by
operating activities: | |||||||||||||||
| Depreciation and amortization | 89 | 110 | 271 | 337 | |||||||||||
| Share-based compensation | 67 | 64 | 197 | 193 | |||||||||||
| Deferred income taxes | 8 | 22 | 57 | 94 | |||||||||||
| Other | (10 | ) | (7 | ) | (19 | ) | 4 | ||||||||
| Net change in operating assets and liabilities | 62 | (572 | ) | (93 | ) | (199 | ) | ||||||||
| Cash provided by operating activities | 787 | 633 | 2,421 | 2,710 | |||||||||||
| Cash flows from investing activities: | |||||||||||||||
| Capital expenditures | (93 | ) | (133 | ) | (344 | ) | (457 | ) | |||||||
| Cash paid for acquisitions, net of cash acquired | (5 | ) | — | (28 | ) | (5 | ) | ||||||||
| Proceeds from sales and maturities of investments | 479 | 391 | 1,385 | 2,823 | |||||||||||
| Purchases of investments | (543 | ) | (932 | ) | (1,370 | ) | (1,661 | ) | |||||||
| Cash provided by (used in) investing activities | (162 | ) | (674 | ) | (357 | ) | 700 | ||||||||
| Cash flows from financing activities: | |||||||||||||||
| Proceeds from common stock issuances | — | — | 73 | 56 | |||||||||||
| Common stock repurchases | (528 | ) | (1,250 | ) | (1,903 | ) | (4,532 | ) | |||||||
| Tax withholding payments for vested equity awards | (3 | ) | (6 | ) | (83 | ) | (160 | ) | |||||||
| Payments of dividends to stockholders | (196 | ) | (199 | ) | (577 | ) | (410 | ) | |||||||
| Cash used in financing activities | (727 | ) | (1,455 | ) | (2,490 | ) | (5,046 | ) | |||||||
| Decrease in cash and cash equivalents | (102 | ) | (1,496 | ) | (426 | ) | (1,636 | ) | |||||||
| Cash and cash equivalents — beginning of period | 3,116 | 4,870 | 3,440 | 5,010 | |||||||||||
| Cash and cash equivalents — end of period | $ | 3,014 | $ | 3,374 | $ | 3,014 | $ | 3,374 | |||||||
| Supplemental cash flow information: | |||||||||||||||
| Cash payments for income taxes | $ | 221 | $ | 64 | $ | 453 | $ | 281 | |||||||
| Cash refunds from income taxes | $ | 2 | $ | 10 | $ | 20 | $ | 51 | |||||||
| Cash payments for interest | $ | 33 | $ | 33 | $ | 143 | $ | 143 | |||||||
