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Applied Materials cash flow statement

In fiscal 2025, Applied Materials's operations generated $7.96bn of cash; it spent $2.26bn on capital projects, leaving free cash flow of $5.70bn. It returned $1.38bn in dividends and $4.89bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Oct 20092010Oct 20102011Oct 20112012Oct 20122013Oct 20132014Oct 20142015Oct 20152016Oct 20162017Oct 20172018Oct 20182019Oct 20192020Oct 20202021Oct 20212022Oct 20222023Oct 20232024Oct 20242025Oct 2025LTMJul 2026
Cash from operations3331,7232,4291,8516231,8001,1632,5663,7893,7873,2473,8045,4425,3998,7008,6777,9588,396
Depreciation and amortisation291305246422410375371389407457363376394444515392435527
Stock-based pay147126146182162177187201220258263307346413490577668701
Capital spending2491692091621972412152533456224414226687871,1061,1902,2602,773
Free cash flow841,5542,2201,6894261,5599482,3133,4443,1652,8063,3824,7744,6127,5947,4875,6985,623
Free cash flow after stock pay−631,4282,0741,5072641,3827612,1123,2242,9072,5433,0754,4284,1997,1046,9105,0304,922
Dividends paid3193493974344564854874444306057717878388739751,1921,3841,515
Share buybacks233504681,41624501,3251,8921,1725,2832,4036493,7506,1032,1893,8234,8952,028
Shares issued621299597—107888897124145174175199227243261—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Applied Materials's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Applied Materials.