Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Reported Income

Applied Materials Inc., adjusted current assets

US$ in millions

	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020	Oct 27, 2019
As Reported
Current assets	21,220)	19,147)	15,925)	16,107)	13,369)	10,206)
Adjustments
Add: Allowance for credit losses	—)	29)	29)	29)	30)	30)
After Adjustment
Adjusted current assets	21,220)	19,176)	15,954)	16,136)	13,399)	10,236)

Based on: 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), 10-K (reporting date: 2019-10-27).

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Applied Materials Inc., adjusted total assets

US$ in millions

	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020	Oct 27, 2019
As Reported
Total assets	34,409)	30,729)	26,726)	25,825)	22,353)	19,024)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	151)
Add: Allowance for credit losses	—)	29)	29)	29)	30)	30)
Less: Non-current deferred tax assets (included in Deferred income taxes and other assets)²	2,393)	1,729)	1,395)	1,623)	1,711)	1,766)
After Adjustment
Adjusted total assets	32,016)	29,029)	25,360)	24,231)	20,672)	17,439)

Based on: 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), 10-K (reporting date: 2019-10-27).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Non-current deferred tax assets (included in Deferred income taxes and other assets). See details »

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Applied Materials Inc., adjusted current liabilities

US$ in millions

	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020	Oct 27, 2019
As Reported
Current liabilities	8,468)	7,372)	7,379)	6,344)	4,459)	4,447)
Adjustments
Less: Current warranty reserves	364)	332)	286)	242)	201)	196)
Less: Current severance and related charges reserves	—)	—)	—)	17)	—)	—)
After Adjustment
Adjusted current liabilities	8,104)	7,040)	7,093)	6,085)	4,258)	4,251)

Based on: 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), 10-K (reporting date: 2019-10-27).

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Applied Materials Inc., adjusted total liabilities

US$ in millions

	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020	Oct 27, 2019
As Reported
Total liabilities	15,408)	14,380)	14,532)	13,578)	11,775)	10,810)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	151)
Less: Non-current deferred tax liabilities (included in Other liabilities)²	11)	10)	51)	8)	9)	11)
Less: Warranty reserves	364)	332)	286)	242)	201)	196)
Less: Severance and related charges reserves	—)	—)	—)	17)	—)	—)
After Adjustment
Adjusted total liabilities	15,033)	14,038)	14,195)	13,311)	11,565)	10,754)

Based on: 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), 10-K (reporting date: 2019-10-27).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Non-current deferred tax liabilities (included in Other liabilities). See details »

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Applied Materials Inc., adjusted stockholders’ equity

US$ in millions

	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020	Oct 27, 2019
As Reported
Stockholders’ equity	19,001)	16,349)	12,194)	12,247)	10,578)	8,214)
Adjustments
Less: Net deferred tax assets (liabilities)¹	2,382)	1,719)	1,344)	1,615)	1,702)	1,755)
Add: Allowance for credit losses	—)	29)	29)	29)	30)	30)
Add: Warranty reserves	364)	332)	286)	242)	201)	196)
Add: Severance and related charges reserves	—)	—)	—)	17)	—)	—)
After Adjustment
Adjusted stockholders’ equity	16,983)	14,991)	11,165)	10,920)	9,107)	6,685)

Based on: 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), 10-K (reporting date: 2019-10-27).

¹ Net deferred tax assets (liabilities). See details »

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Applied Materials Inc., adjusted capitalization table

US$ in millions

	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020	Oct 27, 2019
As Reported
Short-term debt	100)	100)	—)	—)	—)	—)
Current portion of long-term debt	699)	—)	—)	—)	—)	600)
Finance lease liabilities, current	—)	102)	—)	—)	—)	—)
Long-term debt, net of current portion	5,460)	5,461)	5,457)	5,452)	5,448)	4,713)
Total reported debt	6,259)	5,663)	5,457)	5,452)	5,448)	5,313)
Stockholders’ equity	19,001)	16,349)	12,194)	12,247)	10,578)	8,214)
Total reported capital	25,260)	22,012)	17,651)	17,699)	16,026)	13,527)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)	151)
Add: Operating lease liabilities, current²	87)	84)	85)	73)	64)	—)
Add: Operating lease liabilities, non-current³	259)	252)	287)	228)	195)	—)
Adjusted total debt	6,605)	5,999)	5,829)	5,753)	5,707)	5,464)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	2,382)	1,719)	1,344)	1,615)	1,702)	1,755)
Add: Allowance for credit losses	—)	29)	29)	29)	30)	30)
Add: Warranty reserves	364)	332)	286)	242)	201)	196)
Add: Severance and related charges reserves	—)	—)	—)	17)	—)	—)
Adjusted stockholders’ equity	16,983)	14,991)	11,165)	10,920)	9,107)	6,685)
After Adjustment
Adjusted total capital	23,588)	20,990)	16,994)	16,673)	14,814)	12,149)

Based on: 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), 10-K (reporting date: 2019-10-27).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating lease liabilities, current. See details »

³ Operating lease liabilities, non-current. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Applied Materials Inc., adjusted net income

US$ in millions

12 months ended:	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020	Oct 27, 2019
As Reported
Net income	7,177)	6,856)	6,525)	5,888)	3,619)	2,706)
Adjustments
Add: Deferred income tax expense (benefit)¹	(678)	(358)	195)	60)	68)	51)
Add: Increase (decrease) in allowance for credit losses	—)	—)	—)	(1)	—)	(3)
Add: Increase (decrease) in warranty reserves	42)	46)	44)	41)	5)	(12)
Add: Increase (decrease) in severance and related charges reserves	—)	—)	(17)	17)	—)	—)
Add: Other comprehensive income (loss), net of tax	49)	(15)	58)	39)	(119)	(38)
After Adjustment
Adjusted net income	6,590)	6,529)	6,805)	6,044)	3,573)	2,704)

Based on: 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), 10-K (reporting date: 2019-10-27).

¹ Deferred income tax expense (benefit). See details »

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Applied Materials Inc. (NASDAQ:AMAT)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Reported Income