Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT)

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Common-Size Balance Sheet: Assets

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Applied Materials Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Oct 26, 2025 Oct 27, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Oct 25, 2020
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Prepaid income taxes and income taxes receivable
Prepaid expenses and other
Other current assets
Current assets
Long-term investments
Property, plant and equipment, net
Finance lease right-of-use assets
Property, plant and equipment, net, including finance lease right-of-use assets
Goodwill
Purchased technology and other intangible assets, net
Non-current deferred income taxes
Operating lease right-of-use assets
Income tax receivables and other assets
Deferred income taxes and other assets
Non-current assets
Total assets

Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25).


Cash and Cash Equivalents
Cash and cash equivalents as a percentage of total assets exhibited a declining trend from 23.94% in 2020 to a low of 7.46% in 2022, followed by a recovery to around 20% in recent years. This fluctuation indicates a phase of reduced liquidity in 2022 before a restoration of cash holdings.
Short-term Investments
Short-term investments showed a gradual increase over the period, rising from 1.73% in 2020 to a peak of 4.21% in 2024, then slightly decreasing to 3.67% in 2025. This suggests a growing allocation towards more liquid, short-dated financial assets.
Accounts Receivable, Net
Accounts receivable increased significantly from 13.26% in 2020 to a high of 22.7% in 2022, followed by a steady decline to 14.28% in 2025. The spike in 2022 could reflect expanded sales or changes in credit terms, with subsequent improvement in receivables management.
Inventories
Inventory levels fluctuated throughout the years, peaking at 22.2% in 2022 after a gradual decrease, then dropping to 15.75% before a slight rise to 16.3% in 2025. This pattern may indicate adjustments in stock management aligned with business cycles or demand variations.
Prepaid Income Taxes and Income Taxes Receivable
These decreased from a notable 2.3% in 2021 to a quarter percent by 2024, with a minor increase to 0.41% in 2025, indicating variability in tax-related assets relative to total assets.
Prepaid Expenses and Other Current Assets
The proportions remained relatively stable, fluctuating modestly around 3%, highlighting consistent levels of prepaid and miscellaneous current assets.
Other Current Assets
This category rose from 3.42% in 2020 to a peak of 5.37% in 2021, then declined to around 3.2-3.3% in later years, reflecting a temporary accumulation followed by normalization.
Current Assets
Current assets as a share of total assets showed moderate variability, peaking above 62% in 2021 and 2023, with a slight downtrend to 57.53% in 2025. The general level indicates a strong current asset base.
Long-term Investments
Long-term investments generally increased, moving from 6.88% in 2020 to a substantial 11.92% in 2025, indicating a strategic shift towards higher holdings in long-dated financial instruments or equity stakes.
Property, Plant and Equipment, Net
A steady increase from 7.18% in 2020 to 12.7% in 2025 was evident, signifying ongoing capital expenditure and asset accumulation in tangible fixed assets.
Finance Lease Right-of-Use Assets
Reported only from 2023, this item represented a small share (0.35%) of total assets, included within property, plant and equipment starting that year.
Goodwill
Goodwill as a percentage of total assets steadily declined from 15.51% in 2020 to 10.21% in 2025, implying either amortization, impairment, or lack of new significant acquisitions.
Purchased Technology and Other Intangible Assets, Net
This category fluctuated, reaching 1.27% in 2022 before decreasing to 0.62% in 2025, which might reflect amortization or changes in intangible asset holdings.
Non-current Deferred Income Taxes
There was a downward trend from 7.65% in 2020 to 3.4% in 2025, with minor fluctuations, suggesting changes in deferred tax asset or liability balances over time.
Operating Lease Right-of-Use Assets
The share remained relatively stable around 1.1% to 1.4% throughout the period, indicating a consistent level of operating lease commitments capitalized on the balance sheet.
Income Tax Receivables and Other Assets
Volatility is noted here, with percentages varying from below 1% to peaks above 2% in some years, signifying variations in tax recoverables and other miscellaneous non-current assets.
Deferred Income Taxes and Other Assets
This group showed moderate fluctuation yet a generally declining trend from 9.94% in 2020 to 7.02% in 2025, reflecting ongoing changes in deferred tax and related non-current asset balances.
Non-current Assets
Non-current assets percentage varied between approximately 37% and 42%, with a slight increase towards the end of the period, demonstrating steady investment in longer-term asset bases.
Total Assets
As a summation, total assets consistently represented 100% by definition, forming the basis for the relative percentages presented in other categories.