ADI FY 2020 Earnings Report — Analog Devices, Inc. Revenue & Financial Results | Market Cap Arena

Analog Devices, Inc.ADI

FY 2020 Earnings

Reported November 24, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$5.6B	—	$6.0B	—	-6.5%
Op. Income	$1.5B	—	$1.7B	—	-12.4%
Gross Margin	65.9%	—	67.0%	—	-1.1pp
Net Margin	21.8%	—	22.8%	—	-1.0pp
EPS (Diluted)	$3.28	—	$3.66	—	-10.4%
Free Cash Flow	$1.8B	—	$2.0B	—	-6.8%

Revenue Flow

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$1.9B
GROSS PROFIT	$3.7B
R&D Expenses	$1.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$661M
Other Expenses	$481M
Operating Expenses	$2.2B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.5B
Interest Income	$4M
Interest Expense	$193M
Other Income/Expenses	-$187M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$91M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$811M
EBIT	$1.5B
EBITDA	$2.3B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$1.9B
GROSS PROFIT	$3.7B
R&D Expenses	$1.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$661M
Other Expenses	$481M
Operating Expenses	$2.2B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.5B
Interest Income	$4M
Interest Expense	$193M
Other Income/Expenses	-$187M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$91M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$811M
EBIT	$1.5B
EBITDA	$2.3B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$811M
Stock-Based Compensation	$150M
Deferred Income Tax	-$114M
Other Non-Cash Items	-$212M
Change in Working Capital	$153M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$166M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$15M
NET CASH FROM INVESTING	-$181M
Net Debt Issuance	-$354M
Common Stock Repurchased	-$244M
Common Dividends Paid	-$886M
Other Financing Activities	$64M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$1.8B
Net Change in Cash	$408M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$0
Net Receivables	$738M
Inventory	$608M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$1.1B
Goodwill	$12.3B
Intangible Assets	$3.7B
Long-Term Investments	$87M
Tax Assets	$1.5B
Other Non-Current Assets	$312M
TOTAL NON-CURRENT ASSETS	$19.0B
TOTAL ASSETS	$21.5B
Account Payables	$227M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$418M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$5.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.9B
Other Non-Current Liabilities	$1.0B
TOTAL NON-CURRENT LIABILITIES	$8.1B
TOTAL LIABILITIES	$9.5B
Common Stock	$62M
Additional Paid-In Capital	$4.9B
Retained Earnings	$7.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$249M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.0B
Minority Interest	$0
TOTAL EQUITY	$12.0B
TOTAL LIABILITIES & EQUITY	$21.5B
Total Debt	$5.2B
Net Debt	$4.1B