Applied Materials, Inc.
AMATNASDAQ
$376.64
Last price · USD
- Market cap
- $304.3B
- P/E
- 43.5x
- EV / EBITDA
- 30.5x
- P/S
- 10.7x
- FCF yield
- 1.9%
- Div. yield
- 0.45%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Applied Materials, Inc. cash flow statement
Annual · USD millions except per-share data · 37 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 6,998 | 7,177 | 6,856 | 6,525 | 5,888 | +4.4% | |
| Depreciation & amortization | 435 | 392 | 515 | 444 | 394 | +2.5% | |
| Deferred income tax | 639 | (633) | 24 | (223) | 80 | +68.1% | |
| Stock-based compensation | 653 | 577 | 490 | 413 | 346 | +17.2% | |
| Change in working capital | (1,072) | 1,117 | 775 | (1,792) | (1,344) | — | |
| Accounts receivables | (538) | (69) | 903 | (1,109) | (1,989) | — | |
| Inventory | (494) | 304 | 207 | (1,590) | (405) | — | |
| Accounts payables | 135 | 281 | (138) | 390 | 465 | -26.6% | |
| Other working capital | (175) | 601 | (197) | 517 | 585 | — | |
| Other non-cash items | 305 | 47 | 40 | 32 | 78 | +40.6% | |
| Net cash from operating activities | 7,958 | 8,677 | 8,700 | 5,399 | 5,442 | +10.0% | |
| Operating cash flow | 7,958 | 8,677 | 8,700 | 5,399 | 5,442 | +10.0% | |
| Investing activities | |||||||
| Investments in PP&E | (2,260) | (1,190) | (1,106) | (787) | (668) | — | |
| Capital expenditure | (2,260) | (1,190) | (1,106) | (787) | (668) | — | |
| Acquisitions, net | 4 | 0 | (25) | (441) | (12) | — | |
| Purchases of investments | (6,054) | (3,588) | (1,672) | (1,492) | (2,007) | — | |
| Sales / maturities of investments | 5,528 | 2,451 | 1,268 | 1,363 | 1,471 | +39.2% | |
| Net cash from investing activities | (2,782) | (2,327) | (1,535) | (1,357) | (1,216) | — | |
| Financing activities | |||||||
| Net debt issuance | 289 | 593 | 84 | 0 | 0 | — | |
| Short-term net debt issuance | 1 | 1 | 91 | 0 | 0 | — | |
| Long-term net debt issuance | 288 | 592 | (7) | 0 | 0 | — | |
| Net stock issuance | (4,634) | (4,114) | (1,962) | (5,904) | (3,575) | — | |
| Common stock issuance | 261 | 243 | 227 | 199 | 175 | +10.5% | |
| Common stock repurchased | (4,895) | (3,823) | (2,189) | (6,103) | (3,750) | — | |
| Net common stock issuance | (4,634) | (3,580) | (1,962) | (5,904) | (3,575) | — | |
| Common dividends paid | (1,384) | (1,192) | (975) | (873) | (838) | — | |
| Net dividends paid | (1,384) | (1,192) | (975) | (873) | (838) | — | |
| Net preferred stock issuance | 0 | (534) | 0 | 0 | 0 | — | |
| Other financing activities | (248) | 243 | (179) | (266) | (178) | — | |
| Net cash from financing activities | (5,977) | (4,470) | (3,032) | (7,043) | (4,591) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | 20 | 0 | 0 | 0 | 0 | — | |
| Net change in cash | (781) | 1,880 | 4,133 | (3,001) | (365) | — | |
| Cash at beginning of period | 8,022 | 6,233 | 2,100 | 5,101 | 5,466 | +10.1% | |
| Cash at end of period | 7,241 | 8,113 | 6,233 | 2,100 | 5,101 | +9.2% | |
| Free cash flow | 5,698 | 7,487 | 7,594 | 4,612 | 4,774 | +4.5% | |
| Income taxes paid | 1,504 | 957 | 1,006 | 1,869 | 851 | +15.3% | |
| Interest paid | 239 | 205 | 205 | 205 | 205 | +3.9% | |