APPLIED MATERIALS,
INC. |
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| Three Months Ended | Fiscal Year Ended | ||||||||||||
| (In thousands, except per share amounts) | July 27, 1997 |
July 28, 1996 |
July 27, 1997 |
July 28, 1996 |
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| Net sales | $ | 1,057,241 | $ | 1,115,424 | $ | 2,793,879 | $ | 3,283,859 | |||||
| Cost of products sold | 558,345 | 583,448 | 1,509,310 | 1,713,792 | |||||||||
| Gross margin | 498,896 | 531,976 | 1,284,569 | 1,570,067 | |||||||||
| Operating expenses: | |||||||||||||
| Research, development and engineering | 143,880 | 128,262 | 392,345 | 363,532 | |||||||||
| Marketing and selling | 81,191 | 82,882 | 222,427 | 240,751 | |||||||||
| General and administrative | 60,569 | 64,758 | 179,794 | 169,133 | |||||||||
| Bad debt expense | 16,318 | -- | 16,318 | -- | |||||||||
| Acquired in-process research and development |
-- | -- | 59,500 | -- | |||||||||
| Income from operations | 196,938 | 256,074 | 414,185 | 796,651 | |||||||||
| Income/(expense) from litigation settlements | 80,000 | -- | 80,000 | -- | |||||||||
| Interest expense | 4,851 | 4,812 | 15,586 | 14,897 | |||||||||
| Interest income | 15,038 | 8,839 | 43,193 | 28,265 | |||||||||
| Income from consolidated companies before taxes |
287,125 | 260,101 | 521,792 | 810,019 | |||||||||
| Provision for income taxes | 100,494 | 91,035 | 203,453 | 283,506 | |||||||||
| Income from consolidated companies | 186,631 | 169,066 | 318,339 | 526,513 | |||||||||
| Equity in net income/(loss) of joint venture | -- | -- | -- | -- | |||||||||
| Net income | $ | 186,631 | $ | 169,066 | $ | 318,339 | $ | 526,513 | |||||
| Earnings per share | $ | 0.98 | $ | 0.92 | $ | 1.70 | $ | 2.86 | |||||
| Average common shares and equivalents |
189,609 | 183,359 | 187,770 | 183,780 | |||||||||
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