ADI FY 2013 Earnings Report — Analog Devices, Inc. Revenue & Financial Results | Market Cap Arena

Analog Devices, Inc.ADI

FY 2013 Earnings

Reported November 26, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.7B	—	-2.5%
Op. Income	$753M	—	$824M	—	-8.6%
Gross Margin	64.3%	—	64.5%	—	-0.2pp
Net Margin	25.6%	—	24.1%	—	1.5pp
EPS (Diluted)	$2.14	—	$2.13	—	0.5%
Free Cash Flow	$789M	—	$682M	—	15.7%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$941M
GROSS PROFIT	$1.7B
R&D Expenses	$513M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$0
Operating Expenses	$863M
Cost & Expenses	$1.8B
OPERATING INCOME	$753M
Interest Income	$13M
Interest Expense	$27M
Other Income/Expenses	$62M
INCOME BEFORE TAX	$815M
Income Tax Expense	$142M
Net Income from Continuing Ops	$673M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$673M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$673M
D&A	$110M
EBIT	$842M
EBITDA	$953M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$941M
GROSS PROFIT	$1.7B
R&D Expenses	$513M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$0
Operating Expenses	$863M
Cost & Expenses	$1.8B
OPERATING INCOME	$753M
Interest Income	$13M
Interest Expense	$27M
Other Income/Expenses	$62M
INCOME BEFORE TAX	$815M
Income Tax Expense	$142M
Net Income from Continuing Ops	$673M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$673M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$673M
D&A	$110M
EBIT	$842M
EBITDA	$953M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$673M
Depreciation & Amortization	$110M
Stock-Based Compensation	$57M
Deferred Income Tax	-$18M
Other Non-Cash Items	-$92M
Change in Working Capital	$181M
OPERATING CASH FLOW	$912M
Capital Expenditure	-$123M
Acquisitions (Net)	$98M
Purchases of Investments	-$8.5B
Sales/Maturities of Investments	$7.6B
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$950M
Net Debt Issuance	$41M
Common Stock Repurchased	-$61M
Common Dividends Paid	-$406M
Other Financing Activities	$19M
NET CASH FROM FINANCING	-$101M
FREE CASH FLOW	$789M
Net Change in Cash	-$137M

Balance Sheet

Item	Amount
Cash & Equivalents	$392M
Short-Term Investments	$4.3B
Net Receivables	$325M
Inventory	$283M
Other Current Assets	$136M
TOTAL CURRENT ASSETS	$5.5B
PP&E (Net)	$508M
Goodwill	$284M
Intangible Assets	$29M
Long-Term Investments	$4M
Tax Assets	$26M
Other Non-Current Assets	$58M
TOTAL NON-CURRENT ASSETS	$909M
TOTAL ASSETS	$6.4B
Account Payables	$120M
Short-Term Debt	$0
Deferred Revenue	$247M
Other Current Liabilities	$71M
TOTAL CURRENT LIABILITIES	$571M
Long-Term Debt	$872M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$193M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.6B
Common Stock	$52M
Additional Paid-In Capital	$712M
Retained Earnings	$4.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$81M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.7B
Minority Interest	$0
TOTAL EQUITY	$4.7B
TOTAL LIABILITIES & EQUITY	$6.4B
Total Debt	$872M
Net Debt	$480M