ADI FY 2018 Earnings Report — Analog Devices, Inc. Revenue & Financial Results | Market Cap Arena

Analog Devices, Inc.ADI

FY 2018 Earnings

Reported November 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$6.2B	—	$5.2B	—	18.6%
Op. Income	$1.9B	—	$1.2B	—	63.4%
Gross Margin	68.3%	—	67.2%	—	1.1pp
Net Margin	24.2%	—	15.4%	—	8.9pp
EPS (Diluted)	$3.99	—	$2.29	—	74.2%
Free Cash Flow	$2.2B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$2.0B
GROSS PROFIT	$4.3B
R&D Expenses	$1.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$697M
Other Expenses	$489M
Operating Expenses	$2.4B
Cost & Expenses	$4.3B
OPERATING INCOME	$1.9B
Interest Income	$9M
Interest Expense	$254M
Other Income/Expenses	-$244M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$148M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$799M
EBIT	$1.9B
EBITDA	$2.7B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$2.0B
GROSS PROFIT	$4.3B
R&D Expenses	$1.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$697M
Other Expenses	$489M
Operating Expenses	$2.4B
Cost & Expenses	$4.3B
OPERATING INCOME	$1.9B
Interest Income	$9M
Interest Expense	$254M
Other Income/Expenses	-$244M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$148M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$799M
EBIT	$1.9B
EBITDA	$2.7B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$799M
Stock-Based Compensation	$151M
Deferred Income Tax	-$737M
Other Non-Cash Items	$37M
Change in Working Capital	$697M
OPERATING CASH FLOW	$2.4B
Capital Expenditure	-$255M
Acquisitions (Net)	-$53M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$314M
Net Debt Issuance	-$1.5B
Common Stock Repurchased	-$226M
Common Dividends Paid	-$703M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$2.4B
FREE CASH FLOW	$2.2B
Net Change in Cash	-$231M

Balance Sheet

Item	Amount
Cash & Equivalents	$817M
Short-Term Investments	$0
Net Receivables	$640M
Inventory	$587M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$1.2B
Goodwill	$12.3B
Intangible Assets	$4.8B
Long-Term Investments	$29M
Tax Assets	$21M
Other Non-Current Assets	$103M
TOTAL NON-CURRENT ASSETS	$18.3B
TOTAL ASSETS	$20.4B
Account Payables	$261M
Short-Term Debt	$67M
Deferred Revenue	$487M
Other Current Liabilities	-$232M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$6.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$990M
Other Non-Current Liabilities	$862M
TOTAL NON-CURRENT LIABILITIES	$8.1B
TOTAL LIABILITIES	$9.2B
Common Stock	$62M
Additional Paid-In Capital	$5.3B
Retained Earnings	$6.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$58M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.3B
Minority Interest	$0
TOTAL EQUITY	$11.3B
TOTAL LIABILITIES & EQUITY	$20.4B
Total Debt	$6.3B
Net Debt	$5.5B