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) May 14, 1996 ------------ APPLIED MATERIALS, INC. ----------------------- (Exact name of registrant as specified in its charter) Delaware 0-6920 94-1655526 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File Number) (IRS employer of Incorporation) identification 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 May 14, 1996, the Company issued a press release announcing its results of operations for the three and six month periods, ended on April 28, 1996, of fiscal year 1996. 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 Exhibit Number Exhibit 99.1 Financial Statements attached to Press Release, dated May 14, 1996, 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: May 14, 1996 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 May 14, 1996, of Applied Materials, Inc.
1 May 14, 1996 Page 3 APPLIED MATERIALS, INC. CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)
Three Months Ended Six Months Ended - -------------------------------------------------------------------------------------------- April 28, April 30, April 28, April 30, (In thousands, except per share data) 1996 1995 1996 1995 - -------------------------------------------------------------------------------------------- Net sales $1,127,855 $675,439 $2,168,435 $1,181,547 Costs and expenses: Cost of products sold 586,564 370,429 1,130,344 638,525 Research, development and engineering 124,918 73,393 235,270 133,389 Marketing and selling 80,587 51,901 157,869 96,046 General and administrative 54,820 34,822 104,375 66,640 ---------- -------- ---------- ---------- Income from operations 280,966 144,894 540,577 246,947 Interest expense 4,917 5,881 10,085 11,634 Interest income 9,829 5,040 19,426 9,983 ---------- -------- ---------- ---------- Income from consolidated companies before taxes 285,878 144,053 549,918 245,296 Provision for income taxes 100,057 50,418 192,471 85,853 ---------- -------- ---------- ---------- Income from consolidated companies 185,821 93,635 357,447 159,443 Equity in net income/loss of joint venture -- -- -- -- ---------- -------- ---------- ---------- Net income $ 185,821 $ 93,635 $ 357,447 $ 159,443 ---------- -------- ---------- ---------- Earnings per share $ 1.01 $ 0.54 $ 1.94 $ 0.92 ---------- -------- ---------- ---------- Average common shares and equivalents 183,699 173,406 183,921 173,010 - -------------------------------------------------------------------------------------------- 2 May 14, 1996 Page 4 APPLIED MATERIALS, INC. CONSOLIDATED CONDENSED BALANCE SHEETS* * Amounts as of April 28, 1996 are unaudited. Amounts as of October 29, 1995 were obtained from the October 29, 1995 audited financial statements.
- --------------------------------------------------------------------------------- April 28, Oct. 29, (In thousands) 1996 1995 - --------------------------------------------------------------------------------- ASSETS Current assets: Cash and cash equivalents $ 199,993 $ 285,845 Short-term investments 442,405 483,487 Accounts receivable, net 1,020,737 817,730 Inventories 556,584 427,413 Deferred income taxes 196,277 198,888 Other current assets 84,227 98,250 ---------- ---------- Total current assets 2,500,223 2,311,613 Property, plant and equipment, net 808,547 630,746 Other assets 25,047 23,020 ---------- ---------- Total assets $3,333,817 $2,965,379 ---------- ---------- LIABILITIES Current liabilities: AND Notes payable $ 48,465 $ 61,748 STOCKHOLDERS' Current portion of long-term debt 22,497 21,064 EQUITY Accounts payable and accrued expenses 778,886 659,572 Income taxes payable 36,099 119,347 ---------- ---------- Total current liabilities 885,947 861,731 Long-term debt 282,156 279,807 Deferred income taxes and other non-current obligations 49,611 40,338 ---------- ---------- Total liabilities 1,217,714 1,181,876 ---------- ---------- Stockholders' equity: Common stock 1,794 1,792 Additional paid-in capital 747,338 760,057 Retained earnings 1,357,426 999,979 Cumulative translation adjustments 9,545 21,675 ---------- ---------- Total stockholders' equity 2,116,103 1,783,503 ---------- ---------- Total liabilities and stockholders' equity $3,333,817 $2,965,379 - ---------------------------------------------------------------------------------