Applied Materials (AMAT) FY2022 results: revenue $25.8 billion, up 11.8% on the year
Applied Materials Inc. (AMAT) reported revenue of $25.8 billion for fiscal 2022, the year ended 30 October 2022, up 11.8% on the year before. Net income was $6.5 billion, up 10.8%, and diluted earnings per share $7.44. The figures are the company's own, from the 10-K it filed with the SEC on 16 December 2022.
Revenue
$25.8 billion
+11.8% on the year
FY2015FY2022
Operating margin
30.2%
29.9% a year earlier
FY2015FY2022
Net income
$6.5 billion
+10.8% on the year
FY2015FY2022
Diluted EPS
$7.44
+16.2% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
5,399
5,442
3,804
-0.8%
Capital expenditure
787
668
422
+17.8%
Free cash flow
4,612
4,774
3,382
-3.4%
Free cash flow margin
17.9%
20.7%
19.7%
Cash from investing
-1,357
-1,216
-130
Cash from financing
-7,043
-4,591
-1,337
Depreciation and amortisation
444
394
376
+12.7%
Share-based compensation
413
346
307
+19.4%
Buybacks
6,103
3,750
649
+62.7%
Dividends paid
873
838
787
+4.2%
Dividend per share
$1.02
$0.94
$0.87
+8.5%
Diluted shares, weighted
877m
919m
923m
-4.6%
Shares outstanding at period end
844m
892m
914m
-5.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
12,194
12,247
10,578
-0.4%
Short-term borrowings
0.0
n/a
n/a
Debt
5,457
5,452
5,448
+0.1%
Operating lease liabilities
287
228
195
+25.9%
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
8,788
7,898
6,132
+11.3%
Total liabilities and equity
26,726
25,825
22,353
+3.5%
Fixed assets
2,307
1,934
1,604
+19.3%
Goodwill
3,700
3,479
3,466
+6.4%
Intangible assets
339
104
153
+226.0%
Investments
2,566
2,519
1,925
+1.9%
Trading assets
2,566
2,519
1,925
+1.9%
Cash and equivalents
1,995
4,995
5,351
-60.1%
Receivables
6,068
4,953
2,963
+22.5%
Inventory
5,932
4,309
3,904
+37.7%
Other assets
1,253
1,013
1,062
+23.7%
Total assets
26,726
25,825
22,353
+3.5%
10-K for the year ended 30 October 2022, filed 16 December 2022: the filing.