ANALOG DEVICES INC

10-K & 10-Q Filings

Analog Devices, Inc. is a global semiconductor company headquartered in Wilmington, Massachusetts, with a focus on solving complex engineering challenges by providing high-performance analog, mixed-signal, power management, RF ICs, edge processors, and other sensors. The company's business strategy includes efficient use of capital, deepening customer-centricity, and capitalizing on secular trends. Its product portfolio includes over 75,000 SKUs in the categories of Analog and Mixed Signal, Power Management & Reference, Amplifiers/RF and Microwave, Sensors & Actuators, and Digital Signal Processing and System Products (DSPs). The company sells its products globally through a direct sales force, third-party distributors, independent sales representatives, and its website. Its major end markets include Industrial (53% of fiscal 2023 revenue), Automotive (24%), Communications (13%), and Consumer (10%). The company competes in highly competitive markets and faces seasonality in sales. Its sales channels include direct sales, third-party distributors, and independent sales representatives. The company's ticker symbol is ADI, and its website is www.analog.com.

12 mos ending Nov 03, 201212 mos ending Nov 02, 201312 mos ending Nov 01, 201412 mos ending Oct 31, 201512 mos ending Oct 29, 201612 mos ending Oct 28, 201712 mos ending Nov 03, 201812 mos ending Nov 02, 201912 mos ending Oct 31, 202012 mos ending Oct 30, 202112 mos ending Oct 29, 202212 mos ending Oct 28, 20233 mos ending Jan 28, 20233 mos ending Feb 03, 2024CAGR %YoY %Revenue (+)
$2701.14
2633.69
2864.77
3435.09
3421.41
5107.50
6200.94
5991.06
5603.06
7318.29
12013.95
12305.54
3249.63
2512.70
14.78%-22.68%Cost of Revenue (-)
$960.14
941.28
1034.59
1175.83
1194.24
2045.91
1967.64
1977.32
1912.58
2793.27
4481.48
4428.32
1125.29
1038.76
14.91%-7.69%Gross Profit (+)
$1741.00
1692.41
1830.19
2259.26
2227.17
3061.60
4233.30
4013.75
3690.48
4525.01
7532.47
7877.22
2124.34
1473.94
14.71%-30.62%Selling, General & Administrative (-)
$396.52
396.23
454.68
702.64
461.44
691.05
695.94
648.09
659.92
915.42
1266.17
1273.58
326.28
290.08
11.19%-11.10%Research & Development (-)
$512.00
513.25
559.69
637.46
653.82
968.60
1165.41
1130.35
1050.52
1296.13
1700.52
1660.19
414.10
391.43
11.29%-5.47%Non-recurring Operating Expenses (-)
$8.43
29.85
37.32
13.68
49.46
61.32
95.66
52.34
84.46
274.51
160.71
16.14
30.73%Operating Expenses (-)
$916.95
939.34
1077.70
1428.42
1199.06
2006.46
2351.57
2303.14
2192.23
2832.81
4253.77
4054.11
993.52
887.98
14.47%-10.62%Costs & Expenses (Total) (-)
$1877.09
1880.61
2112.29
2604.25
2393.30
4052.37
4319.21
4280.46
4104.81
5626.09
8735.25
8482.43
2118.81
1926.74
14.70%-9.06%Operating Income/Loss (+)
$824.05
753.08
752.48
830.84
1028.11
1055.13
1881.73
1710.61
1498.24
1692.20
3278.70
3823.11
1130.82
585.96
14.97%-48.18%Non-operating Income/Expense (+)
$-10.52
62.25
-23.14
-20.73
-71.19
-226.65
-243.22
-224.88
-186.63
-363.49
-179.95
-215.11
-57.35
-72.55
-26.50%Interest Expense (-)
$26.42
27.10
34.78
27.03
88.76
250.84
253.59
229.07
193.31
184.82
200.41
264.64
60.45
77.14
23.30%27.60%Earnings before Tax (+)
$813.53
815.32
729.35
810.11
956.92
828.49
1638.52
1485.73
1311.62
1328.71
3098.75
3608.00
1073.47
513.42
14.50%-52.17%Tax Expense (-)
$162.30
141.84
100.03
113.24
95.26
101.23
143.09
122.72
90.86
-61.71
350.19
293.42
112.00
50.69
5.53%-54.74%Income/Loss (Continuing Operations) (+)
$651.24
673.49
629.32
696.88
861.66
727.26
1495.43
1363.01
1220.76
1390.42
2748.56
3314.58
961.47
462.73
15.94%-51.87%Income/Loss (Discontinued Operations) (+)
$
Net Income/Loss (+)
$651.24
673.49
629.32
696.88
861.66
727.26
1495.43
1363.01
1220.76
1390.42
2748.56
3314.58
961.47
462.73
15.94%-51.87%Net Income/Loss (Common) (+)
$651.24
673.49
629.32
696.88
861.66
727.26
1495.43
1363.01
1220.76
1390.42
2748.56
3314.58
961.47
462.73
15.94%-51.87%EPS (Basic)
$2.18
2.19
2.01
2.23
2.79
2.09
4.02
3.68
3.31
3.50
5.29
6.60
1.90
0.93
10.59%-51.05%EPS (Diluted)
$2.13
2.14
1.98
2.20
2.76
2.07
3.97
3.65
3.28
3.46
5.25
6.55
1.88
0.93
10.75%-50.53%Weighted Avg Shares (Basic)
298.76
307.76
313.19
312.66
308.74
346.37
370.43
369.13
368.63
397.46
519.23
502.23
507.12
495.76
4.84%-2.24%Weighted Avg Shares (Diluted)
306.19
314.04
318.03
316.87
312.31
350.48
374.94
372.87
371.97
401.29
523.18
505.96
511.18
498.74
4.67%-2.43%Cash
$528.83
392.09
569.23
884.35
921.13
1047.84
816.59
648.32
1055.86
1977.96
1470.57
958.06
1670.46
1303.56
5.55%-21.96%Short-term Investments
$3371.55
4290.82
2297.24
2144.57
3134.66
Receivables
$339.88
325.14
396.61
466.53
477.61
688.95
639.72
635.14
737.54
1459.06
1800.46
1469.73
1629.87
1196.72
14.24%-26.58%Inventory
$313.72
283.34
367.93
412.31
376.56
550.82
586.76
609.89
608.26
1200.61
1399.91
1642.21
1522.94
1553.22
16.24%1.99%Prepaid Expenses (Current)
$51.87
44.73
51.95
42.54
64.91
63.73
69.06
91.78
116.03
740.69
267.04
314.01
338.23
362.38
17.79%7.14%Other Assets (Current)
$90.33
136.30
128.93
132.16
2.49
Assets (Current)
$4696.19
5472.43
3811.89
4079.55
4974.86
2351.34
2112.13
1985.13
2517.69
5378.32
4937.99
4384.02
5161.50
4415.88
-0.62%-14.45%Securities & Long-term Investments
$1.82
3.82
13.40
17.48
21.94
24.84
28.73
30.17
86.73
127.86
122.28
Property, Plant & Equipment (Net)
$500.87
508.17
622.42
644.11
636.12
1107.30
1154.33
1219.99
1120.56
1979.05
2401.30
3219.16
2524.66
3281.94
18.43%30.00%Accumulated Depreciation
$1727.28
1784.72
1855.93
1957.98
2040.76
2197.12
2373.50
2591.27
2765.09
2956.25
Goodwill & Intangibles
$312.61
312.66
2313.84
2220.04
2228.48
17536.88
17030.80
16474.10
15928.70
42185.64
40178.54
38225.09
39676.36
37784.19
54.80%-4.77%Other Assets
$108.87
84.67
98.14
101.00
108.88
120.93
123.80
1683.25
1814.92
2651.21
2662.23
2966.21
2872.00
2906.46
35.05%1.20%Assets (Non-current)
$924.16
909.32
3047.80
2982.63
2995.41
18789.96
18337.65
19407.51
18950.92
46943.75
45364.36
44410.46
45073.02
43972.59
42.20%-2.44%Assets (Total)
$5620.35
6381.75
6859.69
7062.18
7970.28
21141.29
20449.78
21392.64
21468.60
52322.07
50302.35
48794.48
50234.52
48388.46
21.71%-3.67%Accounts Payable
$272.04
323.08
430.62
438.90
431.40
822.36
851.72
1208.97
1364.99
2253.65
2442.66
2154.69
2433.68
1879.60
20.70%-22.77%Debt (Current)
$14.50
374.84
300.00
67.00
299.67
516.66
1046.28
1043.77
47.55%Other Liabilities (Current)
$238.54
247.43
278.44
300.09
351.54
473.97
487.42
Liabilities (Current)
$525.08
570.51
709.06
1113.83
782.93
1596.33
1406.14
1508.63
1364.99
2770.31
2442.66
3200.97
2433.68
2923.37
17.86%20.12%Debt (Non-current)
$807.10
872.24
872.79
498.50
1732.18
7551.08
6265.67
5192.25
5145.10
6253.21
6548.63
5902.46
6543.25
5946.67
19.83%-9.12%Other Liabilities
$122.81
199.42
519.95
376.89
289.55
1832.34
1789.43
2982.57
2960.57
5306.00
4845.75
4125.93
4726.11
3970.35
37.64%-15.99%Liabilities (Non-current)
$929.91
1071.66
1392.74
875.39
2021.73
9383.42
8055.10
8174.82
8105.67
11559.22
11394.37
10028.39
11269.36
9917.02
24.13%-12.00%Liabilities (Total)
$1454.99
1642.17
2101.79
1989.22
2804.66
10979.75
9461.24
9683.45
9470.66
14329.53
13837.03
13229.36
13703.03
12840.39
22.22%-6.30%Retained Earnings
$3788.87
4056.40
4231.50
4437.31
4785.80
4910.94
5703.06
6899.25
7236.24
7517.32
8721.33
10356.80
9297.35
10393.45
9.57%11.79%AOCI
$-64.39
-80.55
-168.53
-50.85
-73.81
-61.36
-58.44
-187.80
-249.46
-186.56
-198.15
-188.30
-169.73
-181.28
-6.81%Shareholder's Equity
$4165.36
4739.58
4757.90
5072.96
5165.62
10161.54
10988.54
11709.19
11997.94
37992.54
36465.32
35565.12
36531.49
35548.07
21.53%-2.69%Liabilities & Equity
$5620.35
6381.75
6859.69
7062.18
7970.28
21141.29
20449.78
21392.64
21468.60
52322.07
50302.35
48794.48
50234.52
48388.46
21.71%-3.67%Net Income/Loss
$651.24
673.49
629.32
696.88
861.66
727.26
1495.43
1363.01
1220.76
1390.42
2748.56
3314.58
961.47
462.73
15.94%-51.87%Depreciation & Amortization
$109.83
110.42
141.97
222.24
209.79
584.06
799.06
811.25
810.92
1074.63
2297.50
2293.10
587.50
525.25
31.82%-10.60%Increase/Decrease in Working Capital
$-26.20
-180.85
-145.02
9.95
-120.49
-216.88
-696.89
35.28
104.19
86.37
883.67
645.59
81.09
-178.50
-320.14%Share-based Compensation
$53.50
56.89
50.81
68.92
63.42
104.19
151.16
150.30
149.52
243.61
323.49
299.82
75.04
69.81
16.96%-6.96%Adjustments to Reconcile Net Income
$163.31
238.86
242.28
210.92
419.23
385.33
946.93
890.09
787.73
1344.65
1726.84
1503.06
444.83
676.11
22.36%51.99%Net Cash (Operating)
$814.54
912.35
871.60
907.80
1280.89
1112.59
2442.36
2253.10
2008.49
2735.07
4475.40
4817.63
1406.31
1138.83
17.54%-19.02%Capital Expenditure
$156.33
25.55
2123.80
161.03
210.57
9836.67
307.72
286.54
179.89
332.91
699.31
1261.46
176.16
222.98
20.90%26.58%Net Cash (Investing)
$-1339.69
-949.93
-114.75
-17.13
-1218.27
-6618.01
-314.00
-293.19
-180.52
2143.53
-657.37
-1266.38
-176.06
-219.10
-24.45%Increase/Decrease in Debt
$-56.50
101.09
1995.40
857.17
6106.16
-1531.22
-850.00
-354.35
347.66
-222.99
5221.44
2779.49
Increase/Decrease in Equity
$30.68
245.75
-156.23
-104.32
-335.15
81.14
-126.95
-496.48
-176.08
-2542.04
-2543.13
-2845.35
-613.32
-130.53
78.72%Dividends Paid
$344.70
405.95
454.23
491.06
513.18
602.12
703.31
777.48
886.15
1109.34
1544.55
1679.11
385.45
426.08
15.48%10.54%Net Cash (Financing)
$-349.63
-100.56
-576.61
-571.60
-22.92
5628.58
-2358.04
-2126.79
-1420.61
-3959.66
-4290.72
-4063.76
-1030.36
-574.23
44.27%Effect of Exchange Rate
$-1.49
1.39
-3.10
-3.95
-2.93
3.55
-1.57
-1.39
0.18
3.17
-34.71
Increase/Decrease in Cash
$-876.27
-136.74
177.14
315.12
36.78
126.71
-231.25
-168.27
407.54
922.10
-507.39
-512.51
199.89
345.50
72.84%Cash (Beginning)
$1405.10
528.83
392.09
569.23
884.35
921.13
1047.84
816.59
648.32
1055.86
1977.96
1470.57
1470.57
958.06
0.41%-34.85%Cash (Ending)
$528.83
392.09
569.23
884.35
921.13
1047.84
816.59
648.32
1055.86
1977.96
1470.57
958.06
1670.46
1303.56
5.55%-21.96%NOPAT
$659.65
622.07
649.29
714.71
925.77
926.22
1717.41
1569.32
1394.46
1770.79
2908.18
3512.19
1012.84
528.11
16.42%-47.86%Gross Margin %
64.45%
64.26%
63.89%
65.77%
65.10%
59.94%
68.27%
67.00%
65.87%
61.83%
62.70%
64.01%
65.37%
58.66%
Operating Margin %
30.51%
28.59%
26.27%
24.19%
30.05%
20.66%
30.35%
28.55%
26.74%
23.12%
27.29%
31.07%
34.80%
23.32%
NOPAT Margin %
24.42%
23.62%
22.66%
20.81%
27.06%
18.13%
27.70%
26.19%
24.89%
24.20%
24.21%
28.54%
31.17%
21.02%
Net Margin %
24.11%
25.57%
21.97%
20.29%
25.18%
14.24%
24.12%
22.75%
21.79%
19.00%
22.88%
26.94%
29.59%
18.42%
Tax Rate %
19.95%
17.40%
13.71%
13.98%
9.95%
12.22%
8.73%
8.26%
6.93%
-4.64%
11.30%
8.13%
10.43%
9.87%
ROA
11.74%
9.75%
9.47%
10.12%
11.62%
4.38%
8.40%
7.34%
6.50%
3.38%
5.78%
7.20%
2.02%
1.09%
ROE
15.84%
13.12%
13.65%
14.09%
17.92%
9.11%
15.63%
13.40%
11.62%
4.66%
7.98%
9.88%
2.77%
1.49%
ROIC
47.19%
48.20%
18.71%
20.19%
26.31%
4.77%
9.04%
8.52%
7.88%
3.85%
6.49%
8.04%
2.32%
1.24%
Asset Turnover
0.48
0.41
0.42
0.49
0.43
0.24
0.30
0.28
0.26
0.14
0.24
0.25
0.06
0.05
Inventory Turnover
3.06
3.32
2.81
2.85
3.17
3.71
3.35
3.24
3.14
2.33
3.20
2.70
0.74
0.67
Equity Multiplier
1.35
1.35
1.44
1.39
1.54
2.08
1.86
1.83
1.79
1.38
1.38
1.37
1.38
1.36
Current Ratio
8.94
9.59
5.38
3.67
6.36
1.47
1.50
1.32
1.84
1.94
2.02
1.37
2.12
1.51
Quick Ratio
8.08
8.78
4.60
3.14
5.79
1.09
1.04
0.85
1.31
1.24
1.34
0.76
1.36
0.86
Debt/Equity Ratio
0.20
0.18
0.18
0.17
0.34
0.77
0.58
0.47
0.43
0.18
0.18
0.20
0.18
0.20
Working Capital/Sales
0.22
0.18
0.19
0.20
0.19
0.15
0.13
0.12
0.12
0.26
0.19
0.18
0.43
0.59
R&D/Sales
0.19
0.19
0.20
0.19
0.19
0.19
0.19
0.19
0.19
0.18
0.14
0.13
0.13
0.16
Dividend Payout Ratio %
52.25%
65.26%
69.96%
68.71%
55.43%
65.01%
40.95%
49.54%
63.55%
62.65%
53.11%
47.81%
38.06%
80.68%
Total Payout
$370.52
59.12
-1384.94
595.38
-8.85
-5585.19
2361.48
2123.96
1416.59
3303.72
4310.67
-696.98
998.77
-2222.89
-322.56%Payout Ratio %
56.17%
9.50%
-213.30%
83.30%
-0.96%
-603.01%
137.50%
135.34%
101.59%
186.57%
148.23%
-19.84%
98.61%
-420.91%