Analog Devices, Inc. ADI Income Statement

Analog devices, inc. (ADI)

Income statement / TTM

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
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-