ADI FY 2015 Earnings Report — Analog Devices, Inc. Revenue & Financial Results | Market Cap Arena

Analog Devices, Inc.ADI

FY 2015 Earnings

Reported November 24, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$3.4B	—	$2.9B	—	19.9%
Op. Income	$831M	—	$752M	—	10.4%
Gross Margin	65.8%	—	63.9%	—	1.9pp
Net Margin	20.3%	—	22.0%	—	-1.7pp
EPS (Diluted)	$2.20	—	$1.98	—	11.1%
Free Cash Flow	$754M	—	$694M	—	8.7%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.2B
GROSS PROFIT	$2.3B
R&D Expenses	$637M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$479M
Other Expenses	$312M
Operating Expenses	$1.4B
Cost & Expenses	$2.6B
OPERATING INCOME	$831M
Interest Income	$9M
Interest Expense	$27M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$810M
Income Tax Expense	$113M
Net Income from Continuing Ops	$697M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$697M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$697M
D&A	$222M
EBIT	$837M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.2B
GROSS PROFIT	$2.3B
R&D Expenses	$637M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$479M
Other Expenses	$312M
Operating Expenses	$1.4B
Cost & Expenses	$2.6B
OPERATING INCOME	$831M
Interest Income	$9M
Interest Expense	$27M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$810M
Income Tax Expense	$113M
Net Income from Continuing Ops	$697M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$697M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$697M
D&A	$222M
EBIT	$837M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$697M
Depreciation & Amortization	$222M
Stock-Based Compensation	$69M
Deferred Income Tax	-$52M
Other Non-Cash Items	-$18M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$908M
Capital Expenditure	-$154M
Acquisitions (Net)	-$7M
Purchases of Investments	-$6.1B
Sales/Maturities of Investments	$6.2B
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$17M
Net Debt Issuance	$0
Common Stock Repurchased	-$227M
Common Dividends Paid	-$491M
Other Financing Activities	$146M
NET CASH FROM FINANCING	-$572M
FREE CASH FLOW	$754M
Net Change in Cash	$315M

Balance Sheet

Item	Amount
Cash & Equivalents	$884M
Short-Term Investments	$2.1B
Net Receivables	$467M
Inventory	$412M
Other Current Assets	$129M
TOTAL CURRENT ASSETS	$4.1B
PP&E (Net)	$644M
Goodwill	$1.6B
Intangible Assets	$584M
Long-Term Investments	$17M
Tax Assets	$33M
Other Non-Current Assets	$68M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$7.1B
Account Payables	$174M
Short-Term Debt	$375M
Deferred Revenue	$300M
Other Current Liabilities	$158M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$498M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$227M
Other Non-Current Liabilities	$150M
TOTAL NON-CURRENT LIABILITIES	$872M
TOTAL LIABILITIES	$2.0B
Common Stock	$52M
Additional Paid-In Capital	$634M
Retained Earnings	$4.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$51M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.1B
Minority Interest	$0
TOTAL EQUITY	$5.1B
TOTAL LIABILITIES & EQUITY	$7.1B
Total Debt	$870M
Net Debt	-$14M