ADI FY 2009 Earnings Report — Analog Devices, Inc. Revenue & Financial Results | Market Cap Arena

Analog Devices, Inc.ADI

FY 2009 Earnings

Reported November 24, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$2.0B	—	$2.6B	—	-22.0%
Op. Income	$285M	—	$625M	—	-54.4%
Gross Margin	55.5%	—	61.1%	—	-5.5pp
Net Margin	12.3%	—	30.4%	—	-18.1pp
EPS (Diluted)	$0.85	—	$2.67	—	-68.2%
Free Cash Flow	$376M	—	$512M	—	-26.5%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$896M
GROSS PROFIT	$1.1B
R&D Expenses	$447M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$333M
Other Expenses	$54M
Operating Expenses	$834M
Cost & Expenses	$1.7B
OPERATING INCOME	$285M
Interest Income	$16M
Interest Expense	$4M
Other Income/Expenses	$13M
INCOME BEFORE TAX	$297M
Income Tax Expense	$50M
Net Income from Continuing Ops	$247M
Net Income from Discontinued Ops	$364.0K
Other Adjustments	$0
NET INCOME	$248M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$248M
D&A	$140M
EBIT	$302M
EBITDA	$441M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$896M
GROSS PROFIT	$1.1B
R&D Expenses	$447M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$333M
Other Expenses	$54M
Operating Expenses	$834M
Cost & Expenses	$1.7B
OPERATING INCOME	$285M
Interest Income	$16M
Interest Expense	$4M
Other Income/Expenses	$13M
INCOME BEFORE TAX	$297M
Income Tax Expense	$50M
Net Income from Continuing Ops	$247M
Net Income from Discontinued Ops	$364.0K
Other Adjustments	$0
NET INCOME	$248M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$248M
D&A	$140M
EBIT	$302M
EBITDA	$441M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$248M
Depreciation & Amortization	$140M
Stock-Based Compensation	$49M
Deferred Income Tax	$12M
Other Non-Cash Items	$17M
Change in Working Capital	-$33M
OPERATING CASH FLOW	$432M
Capital Expenditure	-$56M
Acquisitions (Net)	-$10M
Purchases of Investments	-$2.8B
Sales/Maturities of Investments	$2.3B
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$535M
Net Debt Issuance	$370M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$233M
Other Financing Activities	$12M
NET CASH FROM FINANCING	$146M
FREE CASH FLOW	$376M
Net Change in Cash	$46M

Balance Sheet

Item	Amount
Cash & Equivalents	$640M
Short-Term Investments	$1.2B
Net Receivables	$301M
Inventory	$253M
Other Current Assets	$80M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$477M
Goodwill	$251M
Intangible Assets	$7M
Long-Term Investments	$1M
Tax Assets	$74M
Other Non-Current Assets	$104M
TOTAL NON-CURRENT ASSETS	$914M
TOTAL ASSETS	$3.4B
Account Payables	$107M
Short-Term Debt	$0
Deferred Revenue	$149M
Other Current Liabilities	$1M
TOTAL CURRENT LIABILITIES	$387M
Long-Term Debt	$380M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$36M
Other Non-Current Liabilities	$73M
TOTAL NON-CURRENT LIABILITIES	$489M
TOTAL LIABILITIES	$875M
Common Stock	$49M
Additional Paid-In Capital	$56M
Retained Earnings	$2.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$380M
Net Debt	-$260M