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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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
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APPLIED MATERIALS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-6920 94-1655526
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(State or other jurisdiction (Commission File Number) (IRS employer
of Incorporation) identification
number)
3050 Bowers Avenue, Santa Clara, California 95054-3299
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (408) 727-5555
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Inapplicable
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(Former name or former address, if changed since last report)
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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
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99.1 Financial Statements attached to Press
Release, dated August 13, 1996, of
Applied Materials, Inc.
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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
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Gerald F. Taylor
Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit Number Exhibit
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99.1 Financial Statements attached to Press Release, dated
August 13, 1996, of Applied Materials, Inc.
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August 13, 1996
Page 3
APPLIED MATERIALS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
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July 28, July 30, July 28, July 30,
(In thousands, except per share data) 1996 1995 1996 1995
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<S> <C> <C> <C> <C>
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
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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
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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
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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
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Income from consolidated companies 169,066 139,212 526,513 298,655
Equity in net income/loss of joint venture -- -- -- --
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Net income $ 169,066 $ 139,212 $ 526,513 $ 298,655
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Earnings per share $ 0.92 $ 0.78 $ 2.86 $ 1.71
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Average common shares and
equivalents 183,359 177,754 183,780 174,798
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</TABLE>
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August 13, 1996
Page 4
APPLIED MATERIALS, INC.
CONSOLIDATED CONDENSED BALANCE SHEETS*
<TABLE>
<CAPTION>
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July 28, Oct. 29,
(In thousands) 1996 1995
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<S> <C> <C>
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
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Total current assets 2,578,333 2,311,613
Property, plant and equipment, net 881,318 630,746
Other assets 25,602 23,020
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Total assets $3,485,253 $2,965,379
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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
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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
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Total liabilities 1,192,549 1,181,876
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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
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Total stockholders' equity 2,292,704 1,783,503
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Total liabilities and
stockholders' equity $3,485,253 $2,965,379
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</TABLE>
* Amounts as of July 28, 1996 are unaudited. Amounts as of October
29, 1995 were obtained from the October 29, 1995 audited
financial statements.
