ADI FY 2014 Earnings Report — Analog Devices, Inc. Revenue & Financial Results | Market Cap Arena

Analog Devices, Inc.ADI

FY 2014 Earnings

Reported December 10, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.9B	—	$2.6B	—	8.8%
Op. Income	$752M	—	$753M	—	-0.1%
Gross Margin	63.9%	—	64.3%	—	-0.4pp
Net Margin	22.0%	—	25.6%	—	-3.6pp
EPS (Diluted)	$1.98	—	$2.14	—	-7.5%
Free Cash Flow	$694M	—	$789M	—	-12.1%

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.8B
R&D Expenses	$560M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$421M
Other Expenses	$97M
Operating Expenses	$1.1B
Cost & Expenses	$2.1B
OPERATING INCOME	$752M
Interest Income	$12M
Interest Expense	$35M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$729M
Income Tax Expense	$100M
Net Income from Continuing Ops	$629M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$629M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$629M
D&A	$142M
EBIT	$764M
EBITDA	$906M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.8B
R&D Expenses	$560M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$421M
Other Expenses	$97M
Operating Expenses	$1.1B
Cost & Expenses	$2.1B
OPERATING INCOME	$752M
Interest Income	$12M
Interest Expense	$35M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$729M
Income Tax Expense	$100M
Net Income from Continuing Ops	$629M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$629M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$629M
D&A	$142M
EBIT	$764M
EBITDA	$906M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$629M
Depreciation & Amortization	$142M
Stock-Based Compensation	$51M
Deferred Income Tax	-$78M
Other Non-Cash Items	-$18M
Change in Working Capital	$145M
OPERATING CASH FLOW	$872M
Capital Expenditure	-$178M
Acquisitions (Net)	-$1.9B
Purchases of Investments	-$7.5B
Sales/Maturities of Investments	$9.5B
Other Investing Activities	-$12M
NET CASH FROM INVESTING	-$115M
Net Debt Issuance	$0
Common Stock Repurchased	-$356M
Common Dividends Paid	-$454M
Other Financing Activities	$34M
NET CASH FROM FINANCING	-$577M
FREE CASH FLOW	$694M
Net Change in Cash	$177M

Balance Sheet

Item	Amount
Cash & Equivalents	$569M
Short-Term Investments	$2.3B
Net Receivables	$397M
Inventory	$368M
Other Current Assets	$129M
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$622M
Goodwill	$1.6B
Intangible Assets	$671M
Long-Term Investments	$13M
Tax Assets	$27M
Other Non-Current Assets	$71M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$6.9B
Account Payables	$139M
Short-Term Debt	$0
Deferred Revenue	$278M
Other Current Liabilities	$101M
TOTAL CURRENT LIABILITIES	$709M
Long-Term Debt	$873M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$236M
Other Non-Current Liabilities	$284M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.1B
Common Stock	$52M
Additional Paid-In Capital	$643M
Retained Earnings	$4.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$169M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.8B
Minority Interest	$0
TOTAL EQUITY	$4.8B
TOTAL LIABILITIES & EQUITY	$6.9B
Total Debt	$873M
Net Debt	$304M