APPLIED MATERIALS,
INC. |
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| Three Months Ended | |||||
| (In thousands, except per share amounts) | Jan. 25, 1998 |
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Jan. 26, 1997 |
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| Net sales | $ | 1,307,685 | $ | 835,776 | |
| Cost of products sold | 678,244 | 464,120 | |||
| Gross margin | 629,441 | 371,656 | |||
| Operating expenses | |||||
| 182,329 | 116,492 | ||||
| Marketing and selling | 86,389 | 66,271 | |||
| General and administrative | 65,768 | 59,608 | |||
| Acquired in-process research and development | 32,227 | 59,500 | |||
| Income from operations | 262,728 | 69,785 | |||
| Income from litigation settlement | 80,000 | - | |||
| Interest expense | 11,864 | 5,800 | |||
| Interest income | 21,279 | 13,557 | |||
| Income from consolidated companies before taxes | 352,143 | 77,542 | |||
| Provision for income taxes | 123,250 | 47,965 | |||
| Income from consolidated companies | 228,893 | 29,577 | |||
| Equity in net income/(loss) of joint venture | -- | -- | |||
| Net income | $ | 228,893 | $ | 29,577 | |
| Earnings per share: * | |||||
| Basic | $ | 0.62 | $ | 0.08 | |
| Diluted | $ | 0.60 | $ | 0.08 | |
| Weighted average number of shares: * | |||||
| Basic | 366,894 | 361,408 | |||
| Diluted | 379,101 | 370,864 | |||
| *Amounts for the quarter ended January 26, 1997 have been retroactively restated to reflect a two-for-one stock split in the form of a 100 percent stock dividend, effective October 13, 1997. | |||||
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