Applied Materials Announces First Quarter 2024 Results

 
APPLIED MATERIALS, INC.
UNAUDITED CONSOLIDATED CONDENSED BALANCE SHEETS
 
(In millions)January 28,
2024
 October 29,
2023
ASSETS   
Current assets:   
Cash and cash equivalents$        6,854          $        6,132         
Short-term investments         638                   737         
Accounts receivable, net         4,700                   5,165         
Inventories         5,646                   5,725         
Other current assets         1,344                   1,388         
Total current assets         19,182                   19,147         
Long-term investments         2,910                   2,281         
Property, plant and equipment, net         2,826                   2,723         
Goodwill         3,732                   3,732         
Purchased technology and other intangible assets, net         283                   294         
Deferred income taxes and other assets         2,607                       2,552          
Total assets $         31,540             $         30,729          
LIABILITIES AND STOCKHOLDERS’ EQUITY      
Current liabilities:      
Short-term debt $         100             $         100          
Accounts payable and accrued expenses           3,829                       4,297          
Contract liabilities           3,147                       2,975          
Total current liabilities           7,076                       7,372          
Long-term debt           5,462                       5,461          
Income taxes payable           850                       833          
Other liabilities           723                       714          
Total liabilities           14,111                       14,380          
Total stockholders’ equity           17,429                       16,349          
Total liabilities and stockholders’ equity $         31,540             $         30,729          



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