ADI FY 2011 Earnings Report — Analog Devices, Inc. Revenue & Financial Results | Market Cap Arena

Analog Devices, Inc.ADI

FY 2011 Earnings

Reported November 22, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$3.0B	—	$2.8B	—	8.4%
Op. Income	$1.1B	—	$900M	—	19.1%
Gross Margin	66.4%	—	65.2%	—	1.2pp
Net Margin	29.0%	—	25.8%	—	3.2pp
EPS (Diluted)	$2.81	—	$2.33	—	20.6%
Free Cash Flow	$778M	—	$880M	—	-11.6%

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$1.0B
GROSS PROFIT	$2.0B
R&D Expenses	$506M
Selling & Marketing	$407M
General & Administrative	$0
SG&A Expenses	$407M
Other Expenses	$2M
Operating Expenses	$915M
Cost & Expenses	$1.9B
OPERATING INCOME	$1.1B
Interest Income	$9M
Interest Expense	$19M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$201M
Net Income from Continuing Ops	$861M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$867M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$867M
D&A	$118M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$1.0B
GROSS PROFIT	$2.0B
R&D Expenses	$506M
Selling & Marketing	$407M
General & Administrative	$0
SG&A Expenses	$407M
Other Expenses	$2M
Operating Expenses	$915M
Cost & Expenses	$1.9B
OPERATING INCOME	$1.1B
Interest Income	$9M
Interest Expense	$19M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$201M
Net Income from Continuing Ops	$861M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$867M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$867M
D&A	$118M
EBIT	$1.1B
EBITDA	$1.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$867M
Depreciation & Amortization	$118M
Stock-Based Compensation	$52M
Deferred Income Tax	$2M
Other Non-Cash Items	-$51M
Change in Working Capital	-$89M
OPERATING CASH FLOW	$901M
Capital Expenditure	-$123M
Acquisitions (Net)	-$4M
Purchases of Investments	-$4.3B
Sales/Maturities of Investments	$3.7B
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$704M
Net Debt Issuance	$487M
Common Stock Repurchased	-$330M
Common Dividends Paid	-$282M
Other Financing Activities	$264M
NET CASH FROM FINANCING	$139M
FREE CASH FLOW	$778M
Net Change in Cash	$335M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$2.2B
Net Receivables	$348M
Inventory	$295M
Other Current Assets	$82M
TOTAL CURRENT ASSETS	$4.4B
PP&E (Net)	$479M
Goodwill	$275M
Intangible Assets	$12M
Long-Term Investments	$3M
Tax Assets	$38M
Other Non-Current Assets	$85M
TOTAL NON-CURRENT ASSETS	$891M
TOTAL ASSETS	$5.3B
Account Payables	$113M
Short-Term Debt	$15M
Deferred Revenue	$233M
Other Current Liabilities	$62M
TOTAL CURRENT LIABILITIES	$525M
Long-Term Debt	$872M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$84M
TOTAL NON-CURRENT LIABILITIES	$957M
TOTAL LIABILITIES	$1.5B
Common Stock	$50M
Additional Paid-In Capital	$290M
Retained Earnings	$3.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$26M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$0
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$5.3B
Total Debt	$886M
Net Debt	-$519M