Analyze the Consolidated Statements of Cash Flows for Applied Materials for 2013, 2012, and 2011. Write a summary that includes important points that an analyst would use in assessing the ability of Applied Materials to generate cash flows and the appropriateness of the use of cash flows. Case 4.2 Applied Materials
Drive/Documentos/FINA%204300/Case%20Study%204%20-%20Cash%20Flow.pdf - + r Fit to page [D Page view A Rea Applied Materials (AMAT /NASDAQ) Annual Consolidated Statement of Cash Flows Amounts Rounded to: Millions Results for the Years Ending Oct 27, 2013 Oct 28, 2012 Oct 30, 2011 256 $ 109 $ 1,926 246 410 162 422 182 589 146 341 (91) 222 136 Cash flows from operating activities: Income (loss) from continuing operations Adjustments to reconcile to net cash provided by operating activities: Depreciation and amortization Stock-based compensation Restructuring and impairment charges Increase (decrease) in provision for deferred Income taxes (Gain) loss on sales of investments, acquisitions, and securities (Gain) loss on sales of property, plant, and equipment Other non-cash items, net Changes in assets and liabilities: (Increase) decrease in receivables (Increase) decrease in inventories (Increase) decrease in other current assets Increase (decrease) in accounts payable, accrued liabilities, and income taxes payable Increase (decrease) in deferred liabilities Other assets and liabilities, net Net cash provided by (used in ) operating activities (30) (404) (141) (63) 493 679 46 (469) (412) (10) 1,851 292 (163) (61) (310) 267 (20) 2.429 39 36 623 (197) (162) Cash flows from investing activities: Purchases of property, plant, and equipment Sales of property, plant, and equipment Purchases of marketable securities and short-term investments Sales of marketable securities and short-term investments Acquisitions, net of cash acquired Other investing activities, net Net cash provided by (used in) Investing activities (209) 130 (1,137) 1,923 (607) 1,013 (1) (1.327) 1,019 (4,190) 215 (4,660) TOT 1.730 (1) 182 (245) (456) 97 (1,416) (434) (468) (397) Cash flows from financing activities: Short-term borrowings, net Proceeds from long-term borrowings Payment of long-term borrowings Proceeds from sales of common stock Repurchase of common stock/treasury stock Dividends to shareholders Other financing activities, nel Net cash provided by (used in) financing activities Net cash provided by used for) discontinued operations Effect of exchange rate changes on cash, net Net increase (decrease) in cash and equivalents for period Cash and equivalents, beginning of period Cash and equivalents, end of period (519) (1,754) 960 4,102 319 1,392 1,711 $ (5) (4,568) 5.000 1,392 $ 5.960 Supplemental disclosures of cash flow information: Cash paid during the year for: interest Income taxes (refunded) DIL Ellen s A ia Home PrtScn Presence Homem End end to F10 Drive/Documentos/FINA%204300/Case%20Study%204%20-%20Cash%20Flow.pdf - + r Fit to page [D Page view A Rea Applied Materials (AMAT /NASDAQ) Annual Consolidated Statement of Cash Flows Amounts Rounded to: Millions Results for the Years Ending Oct 27, 2013 Oct 28, 2012 Oct 30, 2011 256 $ 109 $ 1,926 246 410 162 422 182 589 146 341 (91) 222 136 Cash flows from operating activities: Income (loss) from continuing operations Adjustments to reconcile to net cash provided by operating activities: Depreciation and amortization Stock-based compensation Restructuring and impairment charges Increase (decrease) in provision for deferred Income taxes (Gain) loss on sales of investments, acquisitions, and securities (Gain) loss on sales of property, plant, and equipment Other non-cash items, net Changes in assets and liabilities: (Increase) decrease in receivables (Increase) decrease in inventories (Increase) decrease in other current assets Increase (decrease) in accounts payable, accrued liabilities, and income taxes payable Increase (decrease) in deferred liabilities Other assets and liabilities, net Net cash provided by (used in ) operating activities (30) (404) (141) (63) 493 679 46 (469) (412) (10) 1,851 292 (163) (61) (310) 267 (20) 2.429 39 36 623 (197) (162) Cash flows from investing activities: Purchases of property, plant, and equipment Sales of property, plant, and equipment Purchases of marketable securities and short-term investments Sales of marketable securities and short-term investments Acquisitions, net of cash acquired Other investing activities, net Net cash provided by (used in) Investing activities (209) 130 (1,137) 1,923 (607) 1,013 (1) (1.327) 1,019 (4,190) 215 (4,660) TOT 1.730 (1) 182 (245) (456) 97 (1,416) (434) (468) (397) Cash flows from financing activities: Short-term borrowings, net Proceeds from long-term borrowings Payment of long-term borrowings Proceeds from sales of common stock Repurchase of common stock/treasury stock Dividends to shareholders Other financing activities, nel Net cash provided by (used in) financing activities Net cash provided by used for) discontinued operations Effect of exchange rate changes on cash, net Net increase (decrease) in cash and equivalents for period Cash and equivalents, beginning of period Cash and equivalents, end of period (519) (1,754) 960 4,102 319 1,392 1,711 $ (5) (4,568) 5.000 1,392 $ 5.960 Supplemental disclosures of cash flow information: Cash paid during the year for: interest Income taxes (refunded) DIL Ellen s A ia Home PrtScn Presence Homem End end to F10
