ADI FY 2017 Earnings Report — Analog Devices, Inc. Revenue & Financial Results | Market Cap Arena

Analog Devices, Inc.ADI

FY 2017 Earnings

Reported November 22, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$5.2B	—	$3.4B	—	53.3%
Op. Income	$1.2B	—	$1.0B	—	13.1%
Gross Margin	67.2%	—	65.1%	—	2.1pp
Net Margin	15.4%	—	25.2%	—	-9.8pp
EPS (Diluted)	$2.29	—	$2.76	—	-17.0%
Free Cash Flow	$908M	—	$1.2B	—	-21.2%

Revenue Flow

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$1.7B
GROSS PROFIT	$3.5B
R&D Expenses	$968M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$644M
Other Expenses	$752M
Operating Expenses	$2.4B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.2B
Interest Income	$30M
Interest Expense	$251M
Other Income/Expenses	-$228M
INCOME BEFORE TAX	$935M
Income Tax Expense	$129M
Net Income from Continuing Ops	$805M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$805M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$803M
D&A	$584M
EBIT	$1.2B
EBITDA	$1.8B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$1.7B
GROSS PROFIT	$3.5B
R&D Expenses	$968M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$644M
Other Expenses	$752M
Operating Expenses	$2.4B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.2B
Interest Income	$30M
Interest Expense	$251M
Other Income/Expenses	-$228M
INCOME BEFORE TAX	$935M
Income Tax Expense	$129M
Net Income from Continuing Ops	$805M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$805M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$803M
D&A	$584M
EBIT	$1.2B
EBITDA	$1.8B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$727M
Depreciation & Amortization	$584M
Stock-Based Compensation	$104M
Deferred Income Tax	-$826M
Other Non-Cash Items	$306M
Change in Working Capital	$217M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$204M
Acquisitions (Net)	-$9.6B
Purchases of Investments	-$705M
Sales/Maturities of Investments	$3.9B
Other Investing Activities	-$16M
NET CASH FROM INVESTING	-$6.6B
Net Debt Issuance	$6.1B
Common Stock Repurchased	-$47M
Common Dividends Paid	-$602M
Other Financing Activities	$171M
NET CASH FROM FINANCING	$5.6B
FREE CASH FLOW	$908M
Net Change in Cash	$127M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$0
Net Receivables	$689M
Inventory	$551M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$1.1B
Goodwill	$12.2B
Intangible Assets	$5.3B
Long-Term Investments	$25M
Tax Assets	$32M
Other Non-Current Assets	$89M
TOTAL NON-CURRENT ASSETS	$18.8B
TOTAL ASSETS	$21.1B
Account Payables	$237M
Short-Term Debt	$300M
Deferred Revenue	$474M
Other Current Liabilities	$271M
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$7.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.7B
Other Non-Current Liabilities	$158M
TOTAL NON-CURRENT LIABILITIES	$9.4B
TOTAL LIABILITIES	$11.0B
Common Stock	$61M
Additional Paid-In Capital	$5.3B
Retained Earnings	$4.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$61M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.2B
Minority Interest	$0
TOTAL EQUITY	$10.2B
TOTAL LIABILITIES & EQUITY	$21.1B
Total Debt	$7.9B
Net Debt	$6.8B