APPLIED MATERIALS, INC.
CONSOLIDATED CONDENSED BALANCE SHEETS *



(In thousands)		 Jan. 25,
1998		 Oct. 26,
1997
ASSETS
Current assets:
  Cash and cash equivalents $ 328,313 $ 448,043
  Short-term investments 1,070,513 1,094,912
  Accounts receivable, net 1,158,629 1,110,885
  Inventories 745,426 686,451
  Deferred income taxes 324,183 324,568
  Other current assets 179,754 105,498
Total current assets                                                             3,806,818 3,770,357
Property, plant and equipment, net 1,151,327 1,066,053
Other assets 228,429 234,356
Total assets $ 5,186,574 $ 5,070,766
 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Notes payable $ 52,568 $ 55,943
  Current portion of long-term debt 9,267 10,563
  Accounts payable and accrued expenses 1,085,261 1,157,808
  Income taxes payable 209,142 177,774
Total current liabilities 1,356,238 1,402,088
 
Long-term debt 618,343 623,090
Deferred income taxes and other liabilities 107,909 103,417
Total liabilities 2,082,490 2,128,595
 
Stockholders' equity:
  Common stock 3,663 3,672
  Additional paid-in capital 792,580 850,902
  Retained earnings 2,326,931 2,098,038
  Cumulative translation adjustments (19,090) (10,441)
Total stockholders' equity 3,104,084 2,942,171
Total liabilities and stockholders' equity $ 5,186,574 $ 5,070,766
 
*Amounts as of January 25, 1998 are unaudited. Amounts as of October 26, 1997 are from the October 26, 1997 audited financial statements.



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