Analog Devices, Inc. ADI Income Statement

Analog devices, inc. (ADI)

Income statement / Quarterly

May'20	Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10	Oct'09	Jul'09	Apr'09	Jan'09	Jul'08
Revenue
1,317,060	1,303,565	1,443,219	1,480,143	1,526,602	1,541,101	1,536,128	1,558,189	1,563,502	1,566,870	1,541,170	1,433,902	1,147,982	984,449	1,003,623	869,591	778,766	769,429	978,722	863,365	821,019	771,986	814,247	727,752	694,536	628,238	678,133	674,172	659,250	622,134	694,964	683,026	675,094	648,058	716,134	757,902	790,780	728,504	769,990	720,290	668,240	602,983	571,600	491,991	474,748	476,569	658,986
Cost of sales
470,386	455,423	501,028	482,332	492,510	501,445	490,585	497,557	491,038	495,113	535,145	667,278	507,539	335,945	336,936	297,301	267,863	292,136	336,926	294,328	276,197	268,379	328,210	251,462	235,793	219,120	233,263	239,110	237,055	231,850	251,682	235,152	234,639	238,668	255,620	248,262	256,566	246,331	253,761	240,088	233,725	234,507	249,746	225,762	213,196	207,567	257,192
Gross margin
846,674	848,142	942,191	997,811	1,034,092	1,039,656	1,045,543	1,060,632	1,072,464	1,071,757	1,006,025	766,624	640,443	648,504	666,687	572,290	510,903	477,293	641,796	569,037	544,822	503,607	486,037	476,290	458,743	409,118	444,870	435,062	422,195	390,284	443,282	447,874	440,455	409,390	460,514	509,640	534,214	482,173	516,229	480,202	434,515	368,476	321,854	266,229	261,552	269,002	401,794
Operating expenses:
Research and development
252,413	257,073	277,018	280,102	285,846	287,382	295,609	291,551	289,381	288,506	273,746	275,670	235,232	183,954	172,926	163,227	160,235	157,428	170,736	160,784	154,233	151,706	154,797	140,095	136,203	128,591	130,979	128,892	128,055	125,109	130,394	129,694	127,537	124,378	123,889	128,476	130,460	122,745	128,140	126,987	122,780	114,398	110,126	107,578	109,448	119,828	135,837
Selling, marketing, general and administrative
141,775	199,280	154,799	162,825	163,128	167,342	175,296	171,388	172,047	176,809	185,721	183,980	190,686	130,659	118,881	122,909	112,186	107,462	121,400	120,030	117,371	120,171	121,424	132,989	102,085	98,178	98,197	97,773	102,703	97,560	97,609	99,873	99,992	99,045	99,094	102,323	105,268	100,022	102,349	102,070	97,660	88,481	83,356	79,706	82,276	87,846	104,767
Amortization of intangibles
107,146	107,225	107,225	107,231	107,261	107,324	107,345	107,409	107,129	107,019	98,348	112,153	68,690	18,160	17,899	17,447	17,419	17,358	17,358	22,954	24,210	23,796	25,250	660	55	55	55	55	55	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Special charges
1,320	11,136	64,788	927	8,162	21,782	1,842	1,069	1,089	57,318	0	0	0	49,463	0	0	13,684	0	0	0	0	0	34,637	0	0	2,685	15,777	0	0	14,071	0	5,836	0	2,595	2,239	0	0	0	0	0	0	16,483	0	0	11,919	41,737	0
Other operating expense
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	0	0	0	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
502,654	574,714	603,830	551,085	564,397	583,830	580,092	571,417	569,646	629,652	557,815	571,803	494,608	382,236	309,706	303,583	303,524	282,248	533,166	303,768	295,814	295,673	336,108	273,744	238,343	229,509	245,008	226,720	230,813	236,795	228,003	235,403	227,529	226,018	225,222	230,799	235,728	222,767	230,489	229,057	220,440	219,362	193,482	187,284	203,643	249,411	240,604
Operating income
344,020	273,428	338,361	446,726	469,695	455,826	465,451	489,215	502,818	442,105	448,210	194,821	145,835	266,268	356,981	268,707	207,379	195,045	108,630	265,269	249,008	207,934	149,929	202,546	220,400	179,609	199,862	208,342	191,382	153,489	215,279	212,471	212,926	183,372	235,292	278,841	298,486	259,406	285,740	251,145	214,075	149,114	128,372	78,945	57,909	19,591	161,190
Nonoperating expense (income):
Interest expense
49,985	48,813	50,775	59,871	59,701	58,728	59,102	61,665	64,792	68,030	63,517	73,073	71,636	42,614	38,764	18,476	18,455	13,062	6,739	6,755	6,880	6,656	13,161	8,178	6,874	6,571	6,659	7,672	6,357	6,414	6,391	6,459	6,890	6,682	6,079	6,159	4,078	2,830	2,709	2,614	2,568	2,538	2,726	1,368	-	-	0
Interest income
1,334	1,940	1,988	2,625	2,928	2,688	2,791	2,588	1,912	2,092	2,388	5,524	12,421	10,000	7,114	5,665	5,243	3,199	2,343	2,229	2,009	2,044	2,046	3,442	3,401	3,284	3,351	3,125	3,044	3,233	3,627	3,506	3,967	3,348	2,183	2,395	2,197	2,285	2,426	3,206	2,025	2,180	1,740	2,558	3,527	7,796	8,205
Other, net
-308	-338	-1,747	78	-4,525	160	196	368	187	-820	-5,417	-474	94	-345	-1,897	504	743	-3,005	443	-1,265	1,052	-2,552	-116	-422	441	-431	85,958	-8,754	-408	-199	9	-49	1,451	48	-396	-206	151	-41	2,600	-416	488	-489	-160	-108	797	571	-664
Nonoperating expense (income)
-48,959	-47,211	-50,534	-57,168	-61,298	-55,880	-56,115	-58,709	-62,693	-66,758	-66,546	-68,023	-59,121	-32,959	-33,547	-12,307	-12,469	-12,868	-3,953	-5,791	-3,819	-7,164	-11,231	-5,158	-3,032	-3,718	82,650	-13,301	-3,721	-3,380	-2,755	-3,002	-1,472	-3,286	-4,292	-3,970	-1,730	-586	2,317	176	-55	-847	-1,146	1,082	4,324	8,367	7,541
Income before income taxes
295,061	226,217	287,827	389,558	408,397	399,946	409,336	430,506	440,125	375,347	381,664	126,798	86,714	233,309	323,434	256,400	194,910	182,177	104,677	259,478	245,189	200,770	138,698	197,388	217,368	175,891	282,512	195,041	187,661	150,109	212,524	209,469	211,454	180,086	231,000	274,871	296,756	258,820	288,057	251,321	214,020	148,267	127,226	80,027	62,233	27,958	168,731
Provision for income taxes
27,365	22,343	10,133	27,184	40,460	44,940	4,481	21,949	39,797	82,107	34,014	57,882	-6,850	16,180	27,277	25,970	24,337	17,673	8,372	43,000	39,851	22,013	30,003	16,782	29,935	23,305	80,958	18,802	23,189	18,887	33,337	39,701	48,555	40,704	47,473	54,936	54,930	43,214	63,063	51,830	46,880	28,667	21,617	14,567	10,479	3,373	39,536
Income from continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	183,527	219,935	241,826	215,606	224,994	199,491	167,140	119,600	105,609	65,460	51,754	24,585	129,195
Discontinued operations, net of tax:
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	364	5,611
Gain on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	6,500	0	0	0	859	-	-	-	-	3,802
Total income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,413
Net income
267,696	203,874	277,694	362,374	367,937	355,006	-	-	-	-	425,770	68,916	93,564	217,129	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	105,609	65,460	51,754	24,949	138,608
Shares used to compute earnings per common share – basic (in shares)
368,217	368,241	369,051	369,533	369,246	368,703	371,074	371,315	370,384	369,093	368,043	367,315	341,316	308,786	307,853	307,135	308,790	311,166	312,829	313,877	312,660	311,274	312,815	314,190	313,488	312,286	311,009	309,117	307,444	303,484	300,679	298,445	298,130	297,788	298,910	299,616	299,923	299,218	298,228	298,027	297,825	295,469	291,739	291,387	291,227	291,187	290,376
Shares used to compute earnings per common share – diluted (in shares)
371,305	372,264	372,584	373,077	373,342	372,506	375,116	375,815	374,778	374,189	372,053	371,159	345,654	313,076	311,631	310,558	312,250	314,793	316,571	318,187	317,047	315,684	316,868	318,876	318,347	318,017	317,216	315,307	313,368	310,275	307,954	305,359	305,921	305,531	305,734	308,744	309,619	308,848	306,711	306,168	305,836	304,730	294,016	293,084	292,446	291,248	295,001
Basic earnings per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.61	0.73	0.81	0.72	0.75	0.67	0.56	0.40	0.36	0.22	0.18	0.08	0.44
Basic earnings per common share (in dollars per share)
0.73	0.55	-	0.98	0.99	0.96	-	-	-	-	-	0.18	0.27	0.70	-	-	-	-	0.31	0.69	0.66	0.57	0.35	0.57	0.60	0.49	0.65	0.57	0.53	0.43	0.60	0.57	0.55	0.47	0.61	0.73	0.81	0.74	0.75	0.67	0.56	0.41	0.36	0.22	0.18	0.09	0.48
Diluted earnings per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.60	0.71	0.78	0.70	0.73	0.65	0.55	0.39	0.36	0.22	0.18	0.08	0.44
Diluted earnings per common share (in dollars per share)
0.72	0.55	-	0.97	0.98	0.95	-	-	-	-	-	0.18	0.27	0.69	-	-	-	-	0.30	0.68	0.65	0.57	0.34	0.57	0.59	0.48	0.64	0.56	0.52	0.42	0.58	0.56	0.53	0.46	0.60	0.71	0.78	0.72	0.73	0.65	0.55	0.40	0.36	0.22	0.18	0.09	0.47
Dividends declared and paid per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.45	0.45	0.45	0.42	0.00	0.42	0.42	0.40	0.40	0.40	0.40	0.37	0.37	0.37	0.37	0.34	0.34	0.34	0.34	0.30	0.30	0.30	0.30	0.25	0.25	0.25	0.22	0.22	0.22	0.22	0.20	0.20	0.20	0.20	0.20	0.20	0.20
Cost of sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,943
Research and development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,178
Selling, marketing, general and administrative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,452
Cost of sales
Stock-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	4,375	2,566	1,944	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Research and development
Stock-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	15,781	11,910	7,021	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, marketing, general and administrative
Stock-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	12,668	8,010	7,564	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-