01—Abstract
Summary
Summary of the 10-K/A filed December 18, 2009. Cited figures are marked; the original filing is the authoritative source.
Applied Materials, Inc. (AMAT) filed an amendment to its 2009 10-K report, primarily to include previously omitted XBRL data for its "Valuation and Qualifying Accounts – Allowance for Doubtful Accounts." This filing does not introduce new financial performance information but ensures the completeness of the interactive data submission.
For investors, the key takeaway is that the original 10-K filing (filed December 11, 2009) contains the substantive financial and operational details for the fiscal year ended October 25, 2009. Investors should refer to that original filing for insights into the company's financial health, strategic initiatives, and market position during that period.
02—Key points
Key Highlights
- Amendment No. 1 to the Form 10-K for the fiscal year ended October 25, 2009.
- The amendment's sole purpose is to furnish an XBRL interactive data file for Schedule II, "Valuation and Qualifying Accounts – Allowance for Doubtful Accounts."
- This filing corrects an inadvertent omission from the original interactive data submission.
- No new financial or operational performance information is introduced in this amendment.
- The company is registered in Delaware with its principal executive offices in Santa Clara, California.
- Applied Materials' common stock is traded on The NASDAQ Stock Market LLC.
- The company qualifies as a large accelerated filer as of the reporting period.
03—One dollar
Follow one dollar
For each $1.00 of revenue in FY2009, Applied Materials lost $0.06.
- Revenue$5.01B100.0%
- Cost of revenue−$3.58B71.5%
- Gross profit$1.43B28.5%
- Operating costs−$1.82B36.4%
- Operating income−$394.0M7.9%
- Interest, other & tax$89.0M1.8%
- Net income−$305.0M6.1%
04—Financials
Financial Highlights
Figures from 10-K/AFY2009filed December 18, 2009Financial Statements
FY2009 against FY2008
| Line item | FY2009FY2008 | Change |
|---|---|---|
| Revenue | $5.01B$8.13B | −38.3% |
| Cost of Revenue | $3.58B$4.69B | −23.5% |
| Gross Profit | $1.43B$3.44B | −58.4% |
| R&D Expenses | $934.00M$1.10B | −15.4% |
| SG&A Expenses | $735.00M— | — |
| Operating Expenses | $1.82B$2.09B | −12.6% |
| Operating Income | -$394.00M$1.36B | −129.1% |
| Interest Expense | $21.00M$20.51M | +2.4% |
| Net Income | -$305.00M$960.75M | −131.7% |
| EPS (Basic) | $-0.23$0.71 | −132.4% |
| EPS (Diluted) | $-0.23$0.70 | −132.9% |
| Shares Outstanding (Basic) | 1.33B1.35B | −1.6% |
| Shares Outstanding (Diluted) | 1.33B1.37B | −3.0% |
05—Questions
Frequently Asked Questions
What is the primary reason for this 10-K/A filing?
This filing is an amendment to the original 10-K for the fiscal year ended October 25, 2009. Its sole purpose is to provide the XBRL interactive data for Schedule II, "Valuation and Qualifying Accounts – Allowance for Doubtful Accounts," which was inadvertently omitted from the initial electronic submission.
Does this amendment change Applied Materials' financial results for fiscal year 2009?
No, this amendment does not alter or introduce any new financial performance data or narrative for fiscal year 2009. It is purely a procedural correction to ensure the completeness of the interactive data files.
Where can I find the complete financial and operational information for Applied Materials for fiscal year 2009?
Investors should refer to the original Form 10-K filed by Applied Materials, Inc. on December 11, 2009, for the fiscal year ended October 25, 2009. This amendment only adds a missing XBRL schedule and does not contain substantive disclosures.
Is Applied Materials considered a large company based on this filing?
Yes, the filing indicates that Applied Materials is a "large accelerated filer," which is a classification used by the SEC for companies that meet certain size and filing history requirements.
06—Continue