Applied Materials (AMAT) FY2015 results: revenue $9.7 billion, up 6.5% on the year
Applied Materials Inc. (AMAT) reported revenue of $9.7 billion for fiscal 2015, the year ended 25 October 2015, up 6.5% on the year before. Net income was $1.4 billion, up 28.5%, and diluted earnings per share $1.12. The figures are the company's own, from the 10-K it filed with the SEC on 9 December 2015.
Revenue
$9.7 billion
+6.5% on the year
FY2008FY2015
Operating margin
17.5%
16.8% a year earlier
FY2008FY2015
Net income
$1.4 billion
+28.5% on the year
FY2008FY2015
Diluted EPS
$1.12
+28.7% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
9,659
9,072
7,509
+6.5%
Cost of revenue
5,707
5,229
4,518
+9.1%
Gross profit
3,952
3,843
2,991
+2.8%
Gross margin
40.9%
42.4%
39.8%
Research and development
1,451
1,428
1,320
+1.6%
Operating income
1,693
1,520
432
+11.4%
Operating margin
17.5%
16.8%
5.8%
Interest expense
103
95.0
95.0
+8.4%
Pre-tax income
1,598
1,448
350
+10.4%
Income tax
221
376
94.0
-41.2%
Effective tax rate
13.8%
26.0%
26.9%
Net income
1,377
1,072
256
+28.5%
Net margin
14.3%
11.8%
3.4%
Diluted EPS
$1.12
$0.87
$0.21
+28.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,163
1,800
623
-35.4%
Capital expenditure
215
241
197
-10.8%
Free cash flow
948
1,559
426
-39.2%
Free cash flow margin
9.8%
17.2%
5.7%
Cash from investing
-281
-161
215
Cash from financing
913
-348
-519
Depreciation and amortisation
371
375
410
-1.1%
Share-based compensation
187
177
162
+5.6%
Buybacks
1,325
0.0
245
Dividends paid
487
485
456
+0.4%
Dividend per share
$0.10
$0.10
n/a
0.0%
Diluted shares, weighted
1,226m
1,231m
1,219m
-0.4%
Shares outstanding at period end
1,160m
1,221m
1,204m
-5.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
7,613
7,868
7,088
-3.2%
Debt
4,542
1,947
1,946
+133.3%
Other liabilities
3,153
3,359
3,009
-6.1%
Total liabilities and equity
15,308
13,174
12,043
+16.2%
Fixed assets
892
861
850
+3.6%
Goodwill
3,302
3,304
3,294
-0.1%
Intangible assets
762
951
1,103
-19.9%
Investments
1,114
1,095
1,185
+1.7%
Cash and equivalents
4,797
3,002
1,711
+59.8%
Receivables
1,739
1,670
1,633
+4.1%
Inventory
1,833
1,567
1,413
+17.0%
Other assets
869
724
854
+20.0%
Total assets
15,308
13,174
12,043
+16.2%
10-K for the year ended 25 October 2015, filed 9 December 2015: the filing.