APPLIED MATERIALS INC DE
For the period ended Oct 27, 2024. Filed Dec 13, 2024.
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FY2024 · Filed Dec 13, 2024
AMAT$372.53+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(In millions)
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income | $7,177 | $6,856 | $6,525 |
| Adjustments required to reconcile net income to cash provided by operating activities: | |||
| Depreciation and amortization | 392 | 515 | 444 |
| Severance and related charges | — | — | (4) |
| Deferred income taxes | (633) | 24 | (223) |
| Share-based compensation | 577 | 490 | 413 |
| Other | 47 | 40 | 36 |
| Changes in operating assets and liabilities, net of amounts acquired: | |||
| Accounts receivable | (69) | 903 | (1,109) |
| Inventories | 304 | 207 | (1,590) |
| Other current and non-current assets | 287 | (48) | (16) |
| Accounts payable and accrued expenses | 281 | (138) | 390 |
| Contract liabilities | (126) | (167) | 1,039 |
| Income taxes payable | 389 | (20) | (541) |
| Other liabilities | 51 | 38 | 35 |
| Cash provided by operating activities | 8,677 | 8,700 | 5,399 |
| Cash flows from investing activities: | |||
| Capital expenditures | (1,190) | (1,106) | (787) |
| Cash paid for acquisitions, net of cash acquired | — | (25) | (441) |
| Proceeds from sales and maturities of investments | 2,451 | 1,268 | 1,363 |
| Purchases of investments | (3,588) | (1,672) | (1,492) |
| Cash used in investing activities | (2,327) | (1,535) | (1,357) |
| Cash flows from financing activities: | |||
| Debt borrowings, net of issuance costs | 694 | — | — |
| Proceeds from commercial paper | 401 | 991 | — |
| Repayments of commercial paper | (400) | (900) | — |
| Proceeds from common stock issuances | 243 | 227 | 199 |
| Common stock repurchases | (3,823) | (2,189) | (6,103) |
| Tax withholding payments for vested equity awards | (291) | (179) | (266) |
| Payments of dividends to stockholders | (1,192) | (975) | (873) |
| Repayments of principals on finance leases | (102) | (7) | — |
| Cash used in financing activities | (4,470) | (3,032) | (7,043) |
| Increase (decrease) in cash, cash equivalents and restricted cash equivalents | 1,880 | 4,133 | (3,001) |
| Cash, cash equivalents and restricted cash equivalents — beginning of period | 6,233 | 2,100 | 5,101 |
| Cash, cash equivalents and restricted cash equivalents — end of period | $8,113 | $6,233 | $2,100 |
| Reconciliation of cash, cash equivalents, and restricted cash equivalents | |||
| Cash and cash equivalents | $8,022 | $6,132 | $1,995 |
| Restricted cash equivalents included in deferred income taxes and other assets | 91 | 101 | 105 |
| Total cash, cash equivalents, and restricted cash equivalents | $8,113 | $6,233 | $2,100 |
| Supplemental cash flow information: | |||
| Cash payments for income taxes | $957 | $1,006 | $1,869 |
| Cash refunds from income taxes | $15 | $53 | $156 |
| Cash payments for interest | $205 | $205 | $205 |
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