Analog devices, inc. (ADI)
CashFlow / Quarterly
May'20Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10Oct'09Jul'09Apr'09Jan'09
Cash flows from operating activities:
Net income

267,696

203,874

277,694

362,374

367,937

355,006

404,855

408,557

400,328

293,240

425,770

68,916

93,564

217,129

296,157

230,430

170,573

164,504

96,305

216,478

205,338

178,757

108,695

180,606

187,433

152,586

201,554

176,239

164,472

131,222

179,187

169,768

162,899

139,382

183,527

219,935

241,826

222,106

224,994

199,491

167,140

120,459

105,609

65,460

51,754

24,949

Adjustments to reconcile net income to net cash provided by operations:
Depreciation

59,261

59,863

61,659

61,606

59,142

58,293

58,849

56,647

56,589

56,415

56,332

55,217

48,772

34,379

34,116

33,732

33,483

33,209

32,688

33,650

32,036

31,773

30,917

28,353

27,459

27,335

27,515

27,448

27,478

27,755

27,484

27,107

26,871

28,243

28,781

29,133

29,466

29,493

29,307

28,582

28,913

29,281

29,998

30,300

33,440

38,755

Amortization of intangibles

144,051

144,069

143,554

142,521

142,233

142,292

142,278

143,218

142,954

142,050

133,445

147,238

88,770

19,947

19,547

18,916

18,440

18,347

18,302

23,898

25,193

24,700

26,186

1,610

55

55

55

55

55

55

54

56

18

0

267

347

340

392

639

609

1,779

1,801

2,150

1,679

1,591

1,957

Stock-based compensation expense

35,900

37,501

37,580

36,098

40,229

36,393

37,454

36,895

38,914

37,902

32,349

32,824

22,486

16,529

15,234

16,619

15,959

15,609

16,083

16,364

16,101

20,371

15,393

13,470

10,542

11,407

13,122

12,747

17,956

13,061

14,277

13,791

12,100

13,332

13,552

13,310

12,893

12,603

13,486

13,176

13,255

11,835

12,621

12,015

12,566

11,411

Non-cash portion of special charges

0

0

9,800

0

0

4,367

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

487

1,700

0

75

13,693

Gain on sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,500

0

0

0

859

-

-

-

0

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-3,290

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-21,408

-13,982

-35,809

-33,601

-37,495

15,652

-18,892

-5,844

-28,037

-677,603

-46,873

-676,490

-79,980

-7,055

3,052

12,250

539

-7,717

-25,650

-17,168

-6,481

-2,915

-69,406

-6,380

1,068

-2,993

-6,558

-739

-767

-9,635

-5,696

34

-7,762

3,623

8,693

4,650

-9,334

-2,305

6,367

-7,755

-14,075

5,597

11,816

1,713

13,991

-15,925

Non-cash contribution to charitable foundation

0

40,000

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash activity

-1,469

-2,332

-14,206

-8,272

-11,736

-6,693

-14,550

-11,915

-3,342

-6,762

-7,748

42,762

-11,078

-13,071

-22,199

-1,127

-500

-744

2,428

-3,827

-1,832

-3,743

-600

-1,006

-1,400

-1,417

-887

-310

20

1,362

-4,957

1,380

981

-591

2,018

-485

-863

163

242

1,071

171

178

364

770

322

207

Excess tax benefit equity based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,982

3,212

986

2,895

6,373

11,142

4,635

882

9,322

4,423

7,604

1,098

6,265

2,833

5,975

2,678

5,054

2,602

1,896

7,640

1,282

32,407

3,607

164

28

72

53

15

0

5

0

Changes in operating assets and liabilities

57,928

124,009

-

24,723

-87,100

246,929

-

30,650

-104,404

-529,922

-

140,509

-233,512

-28,594

-

56,089

-83,921

7,295

-

73,537

-81,193

83,180

-

-4,099

-14,890

24,730

-

-25

-45,845

-2,848

-

66,835

-36,657

-31,545

-

9,598

46,683

35,594

-

10,340

-81,209

-45,047

-

-25,732

37,738

15,137

Total adjustments

161,345

145,774

380,210

190,173

302,945

16,761

309,586

212,181

318,166

95,448

226,687

-428,917

445,751

105,465

201,280

23,573

149,630

55,201

101,670

-19,339

138,693

-10,104

153,568

32,836

50,991

4,887

80,611

43,786

87,714

26,747

56,860

-32,062

63,070

75,438

46,633

37,045

-45,188

-5,355

49,282

25,315

111,180

93,314

57,069

68,104

24,242

34,961

Net cash provided by operating activities

429,041

349,648

657,904

552,547

670,882

371,767

714,441

620,738

718,494

388,688

652,457

-360,001

539,315

322,594

497,437

254,003

320,203

219,705

197,975

197,139

344,031

168,653

262,263

213,442

238,424

157,473

282,165

220,025

252,186

157,969

236,047

137,706

225,969

214,820

230,160

256,980

196,638

216,751

274,276

224,806

278,320

213,773

162,678

133,564

75,996

59,910

Cash flows from investing activities:
Purchases of short-term available-for-sale investments

-

-

-

-

-

-

-

-

-

-

0

37

378,540

326,908

1,841,330

2,284,166

1,939,750

1,632,014

1,808,202

1,403,600

1,661,176

1,211,021

1,946,144

1,028,781

2,275,241

2,234,996

2,559,600

2,123,826

2,203,316

1,653,593

1,882,319

1,854,249

2,235,601

2,192,874

1,156,671

1,473,867

994,618

664,148

1,038,519

766,263

933,934

739,309

897,666

1,066,845

583,677

263,906

Maturities of short-term available-for-sale investments

-

-

-

-

-

-

-

-

-

-

1

270,918

1,247,493

1,844,380

1,364,419

2,078,716

1,522,688

1,409,538

2,045,945

1,083,474

1,154,412

701,149

1,507,940

1,815,862

1,965,756

2,029,319

2,199,444

1,493,806

1,726,488

1,551,147

1,713,973

1,534,235

1,635,795

1,659,792

1,101,973

853,624

828,800

651,887

786,021

629,665

760,120

625,921

738,313

583,701

488,043

464,197

Sales of short-term available-for-sale investments

-

-

-

-

-

-

-

-

-

-

0

219,799

69,787

287,601

42,645

139,805

102,316

47,950

159,546

215,998

291,900

583,750

487,259

1,298,044

189,267

212,819

59,903

216,312

91,351

283,164

99,843

76,330

109,734

151,841

23,476

0

19,966

239,419

149,777

0

59,964

24,977

-

-

-

-

Additions to property, plant and equipment

60,161

54,839

51,075

58,095

75,209

90,993

86,004

51,750

53,900

63,222

65,215

63,617

46,929

28,337

41,224

37,528

25,517

23,128

45,807

35,164

49,229

23,760

43,417

42,315

44,058

48,123

48,558

30,068

26,179

18,269

37,511

39,239

30,137

25,289

26,331

36,977

34,141

25,547

37,763

39,125

17,490

17,179

16,389

5,425

12,046

22,235

Net proceeds related to sale of businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-10,000

0

0

0

-63,036

313

0

1,340

0

Payments for acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-54,895

-70

9,686,497

1,036

80,967

0

2,203

0

0

6,947

0

118

2,183

1,943,704

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in other assets

1,391

-107

1,512

547

-637

5,222

3,015

2,239

-249

1,278

2,717

1,062

6,117

5,946

472

8,591

2,746

6,711

-1,102

1,180

4,468

3,729

2,633

340

5,740

3,342

1,591

1,540

478

2,048

447

-408

1,650

-327

-88

-836

4,044

3,475

-608

-2,827

-1,248

407

-89

1,481

2,206

2,063

Net cash used for investing activities

-61,552

-54,732

-63,757

-58,642

-74,572

-96,215

-89,019

-54,489

-105,990

-64,500

-13,036

426,071

-8,800,803

1,769,754

-556,929

-111,764

-345,212

-204,365

352,584

-147,419

-268,561

46,271

822

98,766

-170,016

-44,323

-250,402

-447,791

-412,134

160,401

-106,461

-282,515

-544,511

-406,203

-57,465

-670,372

-184,037

208,136

-139,876

-172,896

-130,092

-42,961

-101,086

-498,410

-111,226

175,993

Cash flows from financing activities:
Payments of derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

33,430

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from debt

-

-

-

-

-

-

-

-

-

-

0

0

9,083,858

2,072,306

0

0

0

1,235,331

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

370,507

145,000

-

-

-

-

-

-

-

-

Proceeds from revolver

350,000

0

0

0

0

75,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on revolver

350,000

0

0

0

0

75,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Early termination of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-378,156

0

0

0

0

-

-

-

-

-

-

-

-

0

19,250

-3,625

-15,625

-

-

-

-

-

-

-

-

-

-

-

-

Debt repayments

300,000

0

200,000

300,000

250,000

100,000

225,000

430,000

1,200,000

420,000

350,000

4,700,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from derivative instruments

-

-

-

-

-

-

-

-

-

-

0

0

0

3,904

33,430

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of deferred financing fees

-

-

-

-

-

-

-

-

-

-

0

0

0

5,625

4,375

22,208

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term Loan Repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

60,108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend payments to shareholders

228,600

199,160

200,196

200,068

199,501

177,716

179,416

178,890

178,282

166,719

166,857

166,265

139,314

129,683

129,643

128,954

129,925

124,658

125,582

125,511

124,882

115,084

116,308

116,098

115,795

106,024

105,938

104,923

104,415

90,679

91,372

89,511

89,402

74,416

74,824

74,993

65,999

65,810

65,589

65,949

59,556

58,870

58,326

58,260

58,164

58,238

Repurchase of common stock

113,584

106,030

172,389

112,001

101,522

227,093

184,116

11,953

21,978

7,930

10,598

8,955

23,874

3,106

1,412

23,022

213,650

131,977

111,702

31,340

24,275

59,636

187,375

57,394

22,614

88,963

42,809

-3,800

4,519

17,001

20,831

17,481

44,143

78,591

83,049

66,283

67,552

113,605

-

-

-

-

0

182

3,091

489

Proceeds from employee stock plans

14,784

16,113

10,388

19,228

67,678

19,229

10,669

22,801

27,745

37,812

28,058

17,971

52,841

34,432

22,154

16,633

16,480

6,229

7,760

19,988

52,090

42,793

21,533

36,045

62,936

79,600

44,399

85,853

62,255

113,770

80,528

23,466

38,878

48,858

28,158

41,160

46,112

101,967

42,145

4,849

5,666

163,487

3,637

5,820

2,152

768

Contingent consideration payment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,803

0

1,773

1,913

0

0

3,752

0

0

0

1,991

-

-

-

-

-

-

-

-

-

-

-

-

Changes in other financing activities

-3,956

-495

5,087

-1,774

-5,575

-569

-2,883

-1,625

-866

8,811

-2,281

9

-2,237

2,221

45

-2,093

-2,786

-2,544

3,724

4,327

-3,563

-3,988

-1,178

5,406

-11,284

22,248

4,696

-10,643

4,184

-1,027

-1,125

-4,755

-7,155

5,166

914

-2,410

-1,801

4,576

-

-

-

-

-

-

-

-

Excess tax benefit equity based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,982

3,212

986

2,895

6,373

11,142

4,635

882

9,322

4,423

7,604

1,098

6,265

2,833

5,975

2,678

5,054

2,602

1,896

7,640

1,282

32,407

3,607

164

28

72

53

15

0

5

0

Net cash used for financing activities

-235,710

-289,572

-557,110

-594,615

-488,920

-486,149

-580,746

-599,125

-630,145

-548,026

-501,678

-4,857,240

8,971,274

1,974,449

-121,820

-156,662

-326,669

571,781

-222,905

-127,930

-89,488

-131,280

-2,277,844

1,870,876

-82,334

-87,308

-100,467

92,394

-39,662

-52,822

-63,747

-86,852

-84,325

-114,703

-124,786

-122,386

310,049

75,735

-58,873

-64,617

-53,818

104,670

-54,674

317,728

-59,098

-57,959

Effect of exchange rate changes on cash

-1,250

742

-879

-727

347

-130

-660

-1,066

-3,392

3,550

1,526

1,996

694

-666

-1,226

-1,569

898

-1,032

-798

-509

32

-2,675

-1,449

-433

-511

-704

725

-191

-556

1,416

845

-1,256

491

-1,572

-630

-1,162

1,790

-301

1,044

-2,236

-306

-943

96

2,954

1,494

-1,830

Net increase (decrease) in cash and cash equivalents

130,529

6,086

36,158

-101,437

107,737

-210,727

44,016

-33,942

-21,033

-220,288

139,269

-4,789,174

710,480

4,066,131

-182,538

-15,992

-350,780

586,089

326,856

-78,719

-13,986

80,969

-2,016,208

2,182,651

-14,437

25,138

-67,979

-135,563

-200,166

266,964

66,684

-232,917

-402,376

-307,658

47,279

-536,940

324,440

500,321

76,571

-14,943

94,104

274,539

7,014

-44,164

-92,834

176,114