Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Applied Materials Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020	Oct 27, 2019
Net income	7,177)	6,856)	6,525)	5,888)	3,619)	2,706)
Depreciation and amortization	392)	515)	444)	394)	376)	363)
Severance and related charges	—)	—)	(4)	148)	—)	—)
Deferred income taxes	(633)	24)	(223)	80)	80)	49)
Share-based compensation	577)	490)	413)	346)	307)	263)
Other	47)	40)	36)	(70)	60)	(19)
Accounts receivable	(69)	903)	(1,109)	(1,989)	(427)	(207)
Inventories	304)	207)	(1,590)	(405)	(421)	248)
Other current and non-current assets	287)	(48)	(16)	(602)	(161)	(86)
Accounts payable and accrued expenses	281)	(138)	390)	465)	327)	(247)
Contract liabilities	(126)	(167)	1,039)	755)	(16)	135)
Income taxes payable	389)	(20)	(541)	396)	(10)	44)
Other liabilities	51)	38)	35)	36)	70)	(2)
Changes in operating assets and liabilities, net of amounts acquired	1,117)	775)	(1,792)	(1,344)	(638)	(115)
Adjustments required to reconcile net income to cash provided by operating activities	1,500)	1,844)	(1,126)	(446)	185)	541)
Cash provided by operating activities	8,677)	8,700)	5,399)	5,442)	3,804)	3,247)
Capital expenditures	(1,190)	(1,106)	(787)	(668)	(422)	(441)
Cash paid for acquisitions, net of cash acquired	—)	(25)	(441)	(12)	(107)	(28)
Proceeds from sales and maturities of investments	2,451)	1,268)	1,363)	1,471)	1,754)	1,940)
Purchases of investments	(3,588)	(1,672)	(1,492)	(2,007)	(1,355)	(1,914)
Cash used in investing activities	(2,327)	(1,535)	(1,357)	(1,216)	(130)	(443)
Debt borrowings, net of issuance costs	694)	—)	—)	—)	2,979)	—)
Debt repayments	—)	—)	—)	—)	(2,882)	—)
Proceeds from commercial paper	401)	991)	—)	—)	—)	—)
Repayments of commercial paper	(400)	(900)	—)	—)	—)	—)
Proceeds from common stock issuances	243)	227)	199)	175)	174)	145)
Common stock repurchases	(3,823)	(2,189)	(6,103)	(3,750)	(649)	(2,403)
Tax withholding payments for vested equity awards	(291)	(179)	(266)	(178)	(172)	(86)
Payments of dividends to stockholders	(1,192)	(975)	(873)	(838)	(787)	(771)
Repayments of principals on finance leases	(102)	(7)	—)	—)	—)	—)
Cash used in financing activities	(4,470)	(3,032)	(7,043)	(4,591)	(1,337)	(3,115)
Increase (decrease) in cash, cash equivalents and restricted cash equivalents	1,880)	4,133)	(3,001)	(365)	2,337)	(311)
Cash, cash equivalents and restricted cash equivalents, beginning of period	6,233)	2,100)	5,101)	5,466)	3,129)	3,440)
Cash, cash equivalents and restricted cash equivalents, end of period	8,113)	6,233)	2,100)	5,101)	5,466)	3,129)

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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Cash flow statement item	Description	The company
Cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Applied Materials Inc. cash provided by operating activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Applied Materials Inc. cash used in investing activities decreased from 2022 to 2023 and from 2023 to 2024.
Cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Applied Materials Inc. cash used in financing activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Applied Materials Inc. (NASDAQ:AMAT)

Cash Flow Statement