Analog devices, inc. (ADI)
Income statement / TTM
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'09Jul'08
Revenue

5,543

5,753

5,991

6,083

6,162

6,198

6,224

6,229

6,105

5,689

5,107

4,569

4,005

3,636

3,421

3,396

3,390

3,432

3,435

3,270

3,135

3,008

2,864

2,728

2,675

2,639

2,633

2,650

2,659

2,675

2,701

2,722

2,797

2,912

2,993

3,047

3,009

2,887

2,761

2,563

2,334

2,141

2,014

2,102

0

0

0

Cost of sales

1,909

1,931

1,977

1,966

1,982

1,980

1,974

2,018

2,188

2,205

2,045

1,847

1,477

1,238

1,194

1,194

1,191

1,199

1,175

1,167

1,124

1,083

1,034

939

927

928

941

959

955

953

960

964

977

999

1,006

1,004

996

973

962

958

943

923

896

903

0

0

0

Gross margin

3,634

3,822

4,013

4,117

4,179

4,218

4,250

4,210

3,916

3,484

3,061

2,722

2,527

2,398

2,227

2,202

2,199

2,232

2,259

2,103

2,010

1,924

1,830

1,789

1,747

1,711

1,692

1,690

1,703

1,721

1,741

1,758

1,819

1,913

1,986

2,042

2,012

1,913

1,799

1,605

1,391

1,218

1,118

1,198

0

0

0

Operating expenses:
Research and development

1,066

1,100

1,130

1,148

1,160

1,163

1,165

1,143

1,127

1,073

968

867

755

680

653

651

649

643

637

621

600

582

559

535

524

516

513

512

513

512

512

505

504

507

505

509

508

500

492

474

454

441

446

472

0

0

0

Selling, marketing, general and administrative

658

680

648

668

677

686

695

705

718

737

691

624

563

484

461

463

461

466

478

478

491

476

454

431

396

396

396

395

397

395

396

398

400

405

406

409

409

402

390

371

349

333

333

354

0

0

0

Amortization of intangibles

428

428

429

429

429

429

428

419

424

386

297

216

122

70

70

69

75

81

88

96

73

49

26

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Special charges

78

85

95

32

32

25

61

59

58

57

49

49

49

63

13

13

13

0

0

34

34

34

37

18

18

18

29

14

19

19

8

10

4

4

2

0

0

0

16

16

16

28

53

53

0

0

0

Other operating expense

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

0

0

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

2,232

2,294

2,303

2,279

2,299

2,304

2,350

2,328

2,328

2,253

2,006

1,758

1,490

1,299

1,199

1,422

1,422

1,414

1,428

1,231

1,201

1,143

1,077

986

939

932

939

922

931

927

916

914

909

917

914

919

918

902

899

862

820

803

833

880

0

0

0

Operating income

1,402

1,528

1,710

1,837

1,880

1,913

1,899

1,882

1,587

1,230

1,055

963

1,037

1,099

1,028

779

776

817

830

872

809

780

752

802

808

779

753

768

772

794

824

844

910

995

1,072

1,122

1,094

1,010

900

742

570

414

284

317

0

0

0

Nonoperating expense (income):
Interest expense

209

219

229

237

239

244

253

258

269

276

250

226

171

118

88

56

45

33

27

33

34

34

34

28

27

27

27

26

25

26

26

26

25

22

19

15

12

10

10

10

9

0

0

0

-

-

0

Interest income

7

9

10

11

10

9

9

8

11

22

30

35

35

28

21

16

13

9

8

8

9

10

12

13

13

12

12

13

13

14

14

13

11

10

9

9

10

9

9

9

8

10

15

22

0

0

0

Other, net

-2

-6

-6

-4

-3

0

-0

-5

-6

-6

-6

-2

-1

-0

-3

-1

-3

-2

-2

-2

-2

-2

-0

85

77

76

76

-9

-0

1

1

1

0

-0

-0

2

2

2

2

-0

-0

0

1

0

0

0

0

Nonoperating expense (income)

-203

-216

-224

-230

-232

-233

-244

-254

-264

-260

-226

-193

-137

-91

-71

-41

-35

-26

-20

-28

-27

-26

-23

70

62

61

62

-23

-12

-10

-10

-12

-13

-13

-10

-3

0

1

1

-1

-0

3

12

21

0

0

0

Income before income taxes

1,198

1,311

1,485

1,607

1,648

1,679

1,655

1,627

1,323

970

828

770

899

1,008

956

738

741

791

810

844

782

754

729

873

870

841

815

745

759

783

813

832

897

982

1,061

1,118

1,094

1,012

901

740

569

417

297

338

0

0

0

Provision for income taxes

87

100

122

117

111

111

148

177

213

167

101

94

62

93

95

76

93

108

113

134

108

98

100

150

153

146

141

94

115

140

162

176

191

198

200

216

213

204

190

148

111

75

50

67

0

0

0

Income from continuing operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

860

902

881

807

711

591

457

342

247

270

0

0

0

Discontinued operations, net of tax:
Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

5

0

0

0

Gain on sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

6

6

6

0

0

0

0

-

-

-

-

0

Total income from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net income

1,111

1,211

1,363

0

0

0

-

-

-

-

805

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

247

280

0

0

0

Shares used to compute earnings per common share – basic (in shares)

368

368

369

369

369

368

371

371

370

369

368

367

341

308

307

307

308

311

312

313

312

311

312

314

313

312

311

309

307

303

300

298

298

297

298

299

299

299

298

298

297

295

291

291

291

291

290

Shares used to compute earnings per common share – diluted (in shares)

371

372

372

373

373

372

375

375

374

374

372

371

345

313

311

310

312

314

316

318

317

315

316

318

318

318

317

315

313

310

307

305

305

305

305

308

309

308

306

306

305

304

294

293

292

291

295

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Research and development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Selling, marketing, general and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cost of sales
Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and development
Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, marketing, general and administrative
Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-