1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) November 28, 1995 APPLIED MATERIALS, INC. (Exact name of registrant as specified in its charter) DELAWARE 0-6920 94-1655526 (State or other (Commission (IRS employer jurisdiction of File Number) identification Incorporation) number) 3050 BOWERS AVENUE, SANTA CLARA, CALIFORNIA 95054-3299 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (408) 727-5555 INAPPLICABLE (Former name or former address, if changed since last report) 2 ITEM 5. OTHER EVENTS On November 28, 1995, the Company issued a press release announcing its results of operations for the fourth quarter, ending on October 29, 1995, and fiscal year ending on October 29, 1995. A copy of the financial statements attached to the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) Exhibits. The following exhibit is filed as an exhibit to the Company's registration statement on Form S-3 (File No. 33- 60301): Exhibit Number Exhibit -------------- ------- 99.1 Financial Statements attached to Press Release, dated November 28, 1995, of Applied Materials, Inc. 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 21, 1995 APPLIED MATERIALS, INC. (Registrant) By: /s/ Gerald F. Taylor -------------------------------- Gerald F.Taylor Senior Vice President and Chief Financial Officer 4 EXHIBIT INDEX Exhibit Number Exhibit -------------- ------- 99.1 Financial Statements attached to Press Release, dated November 28, 1995, of Applied Materials, Inc.
1 November 28, 1995 APPLIED MATERIALS, INC. CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)
- ------------------------------------------------------------------------------------------------------------------- Three Months Ended Year Ended Oct. 29, Oct. 30, Oct. 29, Oct. 30, (In thousands, except per share data) 1995 1994 1995 1994 - ------------------------------------------------------------------------------------------------------------------- Net sales $982,650 $467,798 $3,061,881 $1,659,807 ------- ------- --------- --------- Costs and expenses: Cost of products sold 524,252 250,445 1,652,033 891,512 Research, development and engineering 110,498 53,740 329,676 189,126 Marketing and selling 64,730 44,049 223,296 157,303 General and administrative 49,562 21,314 162,944 82,629 ------- ------- --------- --------- Income from operations 233,608 98,250 693,932 339,237 Interest expense 4,240 5,183 21,401 15,962 Interest income 9,706 4,008 26,012 11,222 ------- ------- --------- --------- Income from consolidated companies before taxes and cumulative effect of accounting change 239,074 97,075 698,543 334,497 Provision for income taxes 83,676 33,977 244,490 117,074 ------- ------- --------- --------- Income from consolidated companies before cumulative effect of accounting change 155,398 63,098 454,053 217,423 Equity in net loss of joint venture - - - 3,727 ------- ------- --------- --------- Income before cumulative effect of accounting change 155,398 63,098 454,053 213,696 Cumulative effect of a change in accounting for income taxes - - - 7,000 ------- ------- --------- --------- Net income $155,398 $ 63,098 $ 454,053 $ 220,696 ------- ------- --------- --------- Earnings per share Before cumulative effect of accounting change $ 0.84 $ 0.37 $ 2.56 $ 1.26 ------- ------- -------- -------- Net income $ 0.84 $ 0.37 $ 2.56 $ 1.30 ------- ------- -------- -------- Average common shares and equivalents 184,425 172,660 177,348 170,042 - -------------------------------------------------------------------------------------------------------------------------- 2 November 28, 1995
APPLIED MATERIALS, INC. CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) - ------------------------------------------------------------------------------------------ Oct. 29, Oct. 30, (In thousands) 1995 1994 - ------------------------------------------------------------------------------------------ ASSETS Current assets: Cash and cash equivalents $ 285,845 $ 160,320 Short-term investments 483,487 262,005 Accounts receivable, net 817,730 405,813 Inventories 427,413 245,710 Deferred income taxes 198,888 99,766 Other current assets 98,250 56,923 ---------- ---------- Total current assets 2,311,613 1,230,537 Property, plant and equipment, net 630,746 452,454 Other assets 23,020 19,674 ---------- ---------- Total assets $2,965,379 $1,702,665 ---------- ---------- LIABILITIES Current liabilities: AND Notes payable $ 61,748 $ 43,081 STOCKHOLDERS' Current portion of long-term debt 21,064 15,432 EQUITY Accounts payable and accrued expenses 659,572 378,238 Income taxes payable 119,347 59,682 ---------- ---------- Total current liabilities 861,731 496,433 Long-term debt 279,807 209,114 Deferred income taxes and other non-current obligations 40,338 30,854 ---------- ---------- Total liabilities 1,181,876 736,401 ---------- ---------- Stockholders' equity: Common stock 1,792 1,682 Additional paid-in capital 760,057 389,814 Retained earnings 999,979 545,926 Cumulative translation adjustments 21,675 28,842 ---------- ---------- Total stockholders' equity 1,783,503 966,264 ---------- ---------- Total liabilities and stockholders' equity $2,965,379 $1,702,665 - ------------------------------------------------------------------------------------------