ADI FY 2016 Earnings Report — Analog Devices, Inc. Revenue & Financial Results | Market Cap Arena

Analog Devices, Inc.ADI

FY 2016 Earnings

Reported November 22, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$3.4B	—	$3.4B	—	-0.4%
Op. Income	$1.0B	—	$831M	—	23.7%
Gross Margin	65.1%	—	65.8%	—	-0.7pp
Net Margin	25.2%	—	20.3%	—	4.9pp
EPS (Diluted)	$2.76	—	$2.20	—	25.5%
Free Cash Flow	$1.2B	—	$754M	—	53.0%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.2B
GROSS PROFIT	$2.2B
R&D Expenses	$654M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$461M
Other Expenses	$84M
Operating Expenses	$1.2B
Cost & Expenses	$2.4B
OPERATING INCOME	$1.0B
Interest Income	$21M
Interest Expense	$89M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$957M
Income Tax Expense	$95M
Net Income from Continuing Ops	$862M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$862M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$862M
D&A	$210M
EBIT	$1.0B
EBITDA	$1.3B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$1.2B
GROSS PROFIT	$2.2B
R&D Expenses	$654M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$461M
Other Expenses	$84M
Operating Expenses	$1.2B
Cost & Expenses	$2.4B
OPERATING INCOME	$1.0B
Interest Income	$21M
Interest Expense	$89M
Other Income/Expenses	-$71M
INCOME BEFORE TAX	$957M
Income Tax Expense	$95M
Net Income from Continuing Ops	$862M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$862M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$862M
D&A	$210M
EBIT	$1.0B
EBITDA	$1.3B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$862M
Depreciation & Amortization	$210M
Stock-Based Compensation	$63M
Deferred Income Tax	$8M
Other Non-Cash Items	$17M
Change in Working Capital	$120M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$127M
Acquisitions (Net)	-$83M
Purchases of Investments	-$7.7B
Sales/Maturities of Investments	$6.7B
Other Investing Activities	-$19M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$831M
Common Stock Repurchased	-$370M
Common Dividends Paid	-$513M
Other Financing Activities	$30M
NET CASH FROM FINANCING	-$23M
FREE CASH FLOW	$1.2B
Net Change in Cash	$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$921M
Short-Term Investments	$3.1B
Net Receivables	$478M
Inventory	$377M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.0B
PP&E (Net)	$636M
Goodwill	$1.7B
Intangible Assets	$549M
Long-Term Investments	$22M
Tax Assets	$36M
Other Non-Current Assets	$73M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$8.0B
Account Payables	$171M
Short-Term Debt	$0
Deferred Revenue	$352M
Other Current Liabilities	$112M
TOTAL CURRENT LIABILITIES	$783M
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$110M
Other Non-Current Liabilities	$180M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$2.8B
Common Stock	$51M
Additional Paid-In Capital	$402M
Retained Earnings	$4.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$74M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.2B
Minority Interest	$0
TOTAL EQUITY	$5.2B
TOTAL LIABILITIES & EQUITY	$8.0B
Total Debt	$1.7B
Net Debt	$811M