ADI FY 2021 Earnings Report — Analog Devices, Inc. Revenue & Financial Results | Market Cap Arena

Analog Devices, Inc.ADI

FY 2021 Earnings

Reported December 3, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$7.3B	—	$5.6B	—	30.6%
Op. Income	$1.7B	—	$1.5B	—	12.9%
Gross Margin	66.4%	—	65.9%	—	0.5pp
Net Margin	19.0%	—	21.8%	—	-2.8pp
EPS (Diluted)	$3.46	—	$3.28	—	5.5%
Free Cash Flow	$2.4B	—	$1.8B	—	29.8%

Revenue Flow

Item	Amount
REVENUE	$7.3B
Cost of Revenue	$2.5B
GROSS PROFIT	$4.9B
R&D Expenses	$1.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$919M
Other Expenses	$949M
Operating Expenses	$3.2B
Cost & Expenses	$5.6B
OPERATING INCOME	$1.7B
Interest Income	$1M
Interest Expense	$185M
Other Income/Expenses	-$363M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	-$62M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$1.1B
EBIT	$1.5B
EBITDA	$2.6B
EPS	$4
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$7.3B
Cost of Revenue	$2.5B
GROSS PROFIT	$4.9B
R&D Expenses	$1.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$919M
Other Expenses	$949M
Operating Expenses	$3.2B
Cost & Expenses	$5.6B
OPERATING INCOME	$1.7B
Interest Income	$1M
Interest Expense	$185M
Other Income/Expenses	-$363M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	-$62M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$1.1B
EBIT	$1.5B
EBITDA	$2.6B
EPS	$4
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$244M
Deferred Income Tax	-$407M
Other Non-Cash Items	$541M
Change in Working Capital	-$108M
OPERATING CASH FLOW	$2.7B
Capital Expenditure	-$344M
Acquisitions (Net)	$2.5B
Purchases of Investments	$0
Sales/Maturities of Investments	$30M
Other Investing Activities	$7M
NET CASH FROM INVESTING	$2.1B
Net Debt Issuance	$348M
Common Stock Repurchased	-$3.1B
Common Dividends Paid	-$1.1B
Other Financing Activities	$407M
NET CASH FROM FINANCING	-$4.0B
FREE CASH FLOW	$2.4B
Net Change in Cash	$922M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$1.2B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.4B
PP&E (Net)	$2.0B
Goodwill	$26.9B
Intangible Assets	$15.3B
Long-Term Investments	$128M
Tax Assets	$2.3B
Other Non-Current Assets	$384M
TOTAL NON-CURRENT ASSETS	$46.9B
TOTAL ASSETS	$52.3B
Account Payables	$443M
Short-Term Debt	$517M
Deferred Revenue	$0
Other Current Liabilities	$382M
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$6.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.9B
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$11.6B
TOTAL LIABILITIES	$14.3B
Common Stock	$88M
Additional Paid-In Capital	$30.6B
Retained Earnings	$7.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$187M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$38.0B
Minority Interest	$0
TOTAL EQUITY	$38.0B
TOTAL LIABILITIES & EQUITY	$52.3B
Total Debt	$6.8B
Net Debt	$4.8B