Summary
This 10-Q/A filing from Applied Materials Inc. (AMAT) for the period ending January 29, 2011, primarily focuses on the disclosure of exhibits. While not a detailed financial update, the filing highlights a significant settlement agreement with Samsung Electronics Co., Ltd., dated November 1, 2010. The confidential treatment requested for parts of this agreement suggests it may involve material terms impacting future business relationships or potential financial liabilities/recoveries, which investors should monitor. Additionally, amendments to executive deferred compensation plans are disclosed, which are standard corporate governance items but can provide insights into executive compensation structures.
Financial Highlights
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Financial Statements
Beta
| Revenue | $2.69B |
| Cost of Revenue | $1.55B |
| Gross Profit | $1.14B |
| R&D Expenses | $270.00M |
| SG&A Expenses | $221.00M |
| Operating Expenses | $462.00M |
| Operating Income | $674.00M |
| Interest Expense | $5.00M |
| Net Income | $506.00M |
| EPS (Basic) | $0.38 |
| EPS (Diluted) | $0.38 |
| Shares Outstanding (Basic) | 1.32B |
| Shares Outstanding (Diluted) | 1.33B |
Key Highlights
- 1Disclosure of a significant Settlement Agreement between Applied Materials, Inc. and Samsung Electronics Co., Ltd., dated November 1, 2010.
- 2Confidential treatment has been requested for redacted portions of the Samsung settlement agreement, indicating potentially material and sensitive terms.
- 3Amendments to the Applied Materials, Inc. Executive Deferred Compensation Plan (No. 8) and the 2005 Executive Deferred Compensation Plan (No. 4) are filed as exhibits.
- 4The filing is an amendment (10-Q/A), suggesting updates or additions to previously filed information for the period ending January 29, 2011.
- 5No detailed financial statements or management's discussion and analysis are presented in this specific exhibit-focused filing.
Frequently Asked Questions
This filing is primarily an amendment to a previous 10-Q report, specifically focused on disclosing exhibits that were not previously included or required further clarification. The key exhibits are amendments to executive compensation plans and a settlement agreement with Samsung Electronics.
The settlement agreement with Samsung is a significant item because confidential treatment has been requested for certain portions. This suggests the terms of the agreement could have a material impact on Applied Materials' business, future operations, or financial standing, although the exact details are not publicly disclosed in this filing.
No, this specific filing (10-Q/A) is focused on exhibiting documents. It does not contain updated financial statements or a detailed Management's Discussion and Analysis (MD&A) that would typically be found in a standard 10-Q filing. Investors would need to refer to the original 10-Q filing for detailed financial performance.