Applied Materials (AMAT) FY2021 results: revenue $23.1 billion, up 34.1% on the year
Applied Materials Inc. (AMAT) reported revenue of $23.1 billion for fiscal 2021, the year ended 31 October 2021, up 34.1% on the year before. Net income was $5.9 billion, up 62.7%, and diluted earnings per share $6.40. The figures are the company's own, from the 10-K it filed with the SEC on 17 December 2021.
Revenue
$23.1 billion
+34.1% on the year
FY2014FY2021
Operating margin
29.9%
25.4% a year earlier
FY2014FY2021
Net income
$5.9 billion
+62.7% on the year
FY2014FY2021
Diluted EPS
$6.40
+63.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
5,442
3,804
3,247
+43.1%
Capital expenditure
668
422
441
+58.3%
Free cash flow
4,774
3,382
2,806
+41.2%
Free cash flow margin
20.7%
19.7%
19.2%
Cash from investing
-1,216
-130
-443
Cash from financing
-4,591
-1,337
-3,115
Depreciation and amortisation
394
376
363
+4.8%
Share-based compensation
346
307
263
+12.7%
Buybacks
3,750
649
2,403
+477.8%
Dividends paid
838
787
771
+6.5%
Dividend per share
$0.94
$0.87
$0.83
+8.0%
Diluted shares, weighted
919m
923m
945m
-0.4%
Shares outstanding at period end
892m
914m
916m
-2.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
12,247
10,578
8,214
+15.8%
Debt
5,452
5,448
5,313
+0.1%
Operating lease liabilities
228
195
0.0
+16.9%
Other liabilities
7,898
6,132
5,497
+28.8%
Total liabilities and equity
25,825
22,353
19,024
+15.5%
Fixed assets
1,934
1,604
1,529
+20.6%
Goodwill
3,479
3,466
3,399
+0.4%
Intangible assets
104
153
156
-32.0%
Investments
2,519
1,925
2,192
+30.9%
Trading assets
2,519
1,925
2,192
+30.9%
Cash and equivalents
4,995
5,351
3,129
-6.7%
Receivables
4,953
2,963
2,533
+67.2%
Inventory
4,309
3,904
3,474
+10.4%
Other assets
1,013
1,062
420
-4.6%
Total assets
25,825
22,353
19,024
+15.5%
10-K for the year ended 31 October 2021, filed 17 December 2021: the filing.