APPLIED MATERIALS,
INC. |
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| Three Months Ended | Fiscal Year Ended | ||||||||||||
| (In thousands, except per share amounts) | April 27, 1997 |
April 28, 1996 |
April 27, 1997 |
April 28, 1996 |
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| Net sales | $ | 900,862 | $ | 1,127,855 | $ | 1,736,638 | $ | 2,168,435 | |||||
| Cost of products sold | 486,845 | 586,564 | 950,965 | 1,130,344 | |||||||||
| Gross margin | 414,017 | 541,291 | 785,671 | 1,038,091 | |||||||||
| Operating expenses: | |||||||||||||
| Research, development and engineering | 131,973 | 124,918 | 248,465 | 235,270 | |||||||||
| Marketing and selling | 74,965 | 80,587 | 141,236 | 157,869 | |||||||||
| General and administrative | 59,617 | 54,820 | 119,225 | 104,375 | |||||||||
| Acquired in-process research and development |
-- | -- | 59,500 | -- | |||||||||
| Income from operations | 147,462 | 280,966 | 217,247 | 540,577 | |||||||||
| Interest expense | 4,935 | 4,917 | 10,735 | 10,085 | |||||||||
| Interest income | 14,598 | 9,829 | 28,155 | 19,426 | |||||||||
| Income from consolidated companies before taxes |
157,125 | 285,878 | 234,667 | 549,918 | |||||||||
| Provision for income taxes | 54,994 | 100,057 | 102,959 | 192,471 | |||||||||
| Income from consolidated companies | 102,131 | 185,821 | 131,708 | 357,447 | |||||||||
| Equity in net income/(loss) of joint venture | -- | -- | -- | -- | |||||||||
| Net income | $ | 102,131 | $ | 185,821 | $ | 131,708 | $ | 357,447 | |||||
| Earnings per share | $ | 0.54 | $ | 1.01 | $ | 0.71 | $ | 1.94 | |||||
| Average common shares and equivalents |
187,899 | 183,699 | 186,762 | 183,921 | |||||||||
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