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 report) August 13, 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 August 13, 1996, the Company issued a press release announcing its results of operations for the three and nine month periods, ended on July 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 August 13, 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: August 13, 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 August 13, 1996, of Applied Materials, Inc.
1 August 13, 1996 Page 3 APPLIED MATERIALS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Three Months Ended Nine Months Ended - -------------------------------------------------------------------------------------------------- July 28, July 30, July 28, July 30, (In thousands, except per share data) 1996 1995 1996 1995 - -------------------------------------------------------------------------------------------------- Net sales $1,115,424 $ 897,684 $3,283,859 $2,079,231 Cost of products sold 583,448 489,256 1,713,792 1,127,781 ---------- ---------- ---------- ---------- Gross margin 531,976 408,428 1,570,067 951,450 Operating expenses: Research, development and engineering 128,262 85,789 363,532 219,178 Marketing and selling 82,882 62,520 240,751 158,566 General and administrative 64,758 46,742 169,133 113,382 ---------- ---------- ---------- ---------- Income from operations 256,074 213,377 796,651 460,324 Interest expense 4,812 5,527 14,897 17,161 Interest income 8,839 6,323 28,265 16,306 ---------- ---------- ---------- ---------- Income from consolidated companies before taxes 260,101 214,173 810,019 459,469 Provision for income taxes 91,035 74,961 283,506 160,814 ---------- ---------- ---------- ---------- Income from consolidated companies 169,066 139,212 526,513 298,655 Equity in net income/loss of joint venture -- -- -- -- ---------- ---------- ---------- ---------- Net income $ 169,066 $ 139,212 $ 526,513 $ 298,655 ---------- ---------- ---------- ---------- Earnings per share $ 0.92 $ 0.78 $ 2.86 $ 1.71 ---------- ---------- ---------- ---------- Average common shares and equivalents 183,359 177,754 183,780 174,798 - -------------------------------------------------------------------------------------------------- 2 August 13, 1996 Page 4 APPLIED MATERIALS, INC. CONSOLIDATED CONDENSED BALANCE SHEETS* * Amounts as of July 28, 1996 are unaudited. Amounts as of October 29, 1995 were obtained from the October 29, 1995 audited financial statements.
- -------------------------------------------------------------------------------------- July 28, Oct. 29, (In thousands) 1996 1995 - -------------------------------------------------------------------------------------- ASSETS Current assets: Cash and cash equivalents $ 238,848 $ 285,845 Short-term investments 548,736 483,487 Accounts receivable, net 973,984 817,730 Inventories 533,331 427,413 Deferred income taxes 198,780 198,888 Other current assets 84,654 98,250 ---------- ---------- Total current assets 2,578,333 2,311,613 Property, plant and equipment, net 881,318 630,746 Other assets 25,602 23,020 ---------- ---------- Total assets $3,485,253 $2,965,379 ---------- ---------- LIABILITIES Current liabilities: AND Notes payable $ 24,611 $ 61,748 STOCKHOLDERS' Current portion of long-term debt 22,710 21,064 EQUITY Accounts payable and accrued expenses 779,406 659,572 Income taxes payable 32,687 119,347 ---------- ---------- Total current liabilities 859,414 861,731 Long-term debt 280,499 279,807 Deferred income taxes and other non-current obligations 52,636 40,338 ---------- ---------- Total liabilities 1,192,549 1,181,876 ---------- ---------- Stockholders' equity: Common stock 1,798 1,792 Additional paid-in capital 752,959 760,057 Retained earnings 1,526,492 999,979 Cumulative translation adjustments 11,455 21,675 ---------- ---------- Total stockholders' equity 2,292,704 1,783,503 ---------- ---------- Total liabilities and stockholders' equity $3,485,253 $2,965,379 - --------------------------------------------------------------------------------------