Analog Devices, Inc. (ADI) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
ONE ANALOG WAY WILMINGTON, MA 01887 |
| State of Incorp. | MA |
| Fiscal Year End | October 31 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 7/31/2023 MRQ | 1/31/2023 MRQ | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,670 | 1,471 | 1,978 | 1,056 | 648 | 817 | |||
| Cash and cash equivalents | 1,670 | 1,471 | 1,978 | 1,056 | 648 | 817 | |||
| Receivables | 1,630 | 1,800 | 1,459 | 738 | 635 | 640 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,523 | 1,400 | 1,201 | 608 | 610 | 587 | |||
| Inventory | 1,523 | 1,400 | 1,201 | 608 | 610 | 587 | |||
| Prepaid expense | 3 | ||||||||
| Other undisclosed current assets | 338 | 267 | 741 | 116 | 92 | 66 | |||
| Total current assets: | 5,162 | 4,938 | 5,378 | 2,518 | 1,985 | 2,112 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 280 | 257 | ✕ | ||||||
| Property, plant and equipment | 2,525 | 2,401 | 1,979 | 1,121 | |||||
| Long-term investments and receivables | 122 | 128 | 87 | 30 | 29 | ||||
| Long-term investments | 122 | 128 | 87 | 30 | 29 | ||||
| Intangible assets, net (including goodwill) | 39,676 | 40,179 | 42,186 | 15,929 | 16,474 | 17,031 | |||
| Goodwill | 26,913 | 26,913 | 26,918 | 12,278 | 12,257 | 12,253 | |||
| Intangible assets, net (excluding goodwill) | 12,763 | 13,265 | 15,267 | 3,650 | 4,217 | 4,778 | |||
| Deferred costs | 47 | 40 | |||||||
| Deferred income tax assets | 2,267 | 2,265 | 2,267 | 1,503 | 1,582 | ✕ | |||
| Other noncurrent assets | 605 | 397 | 54 | 63 | |||||
| Other undisclosed noncurrent assets | 104 | 55 | 21 | ||||||
| Total noncurrent assets: | 45,073 | 45,364 | 46,944 | 18,951 | 18,188 | 17,183 | |||
| Other undisclosed assets | 1,220 | 1,154 | |||||||
| TOTAL ASSETS: | 50,235 | 50,302 | 52,322 | 21,469 | 21,393 | 20,450 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,920 | 2,931 | 2,254 | 1,365 | 1,209 | 852 | |||
| Taxes payable | ✕ | ✕ | 289 | 333 | 182 | 188 | 94 | ||
| Employee-related liabilities | ✕ | ✕ | 466 | ||||||
| Accounts payable | 535 | 582 | 443 | 227 | 225 | 261 | |||
| Accrued liabilities | 1,385 | 1,595 | 1,478 | 956 | 796 | 497 | |||
| Debt | 517 | 300 | 67 | ||||||
| Other undisclosed current liabilities | 514 | (488) | 487 | ||||||
| Total current liabilities: | 2,434 | 2,443 | 2,770 | 1,365 | 1,509 | 1,406 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6,543 | 6,549 | 6,549 | 5,434 | 5,192 | 6,266 | |||
| Long-term debt, excluding current maturities | 6,543 | 6,549 | 6,253 | 5,145 | 5,192 | 6,266 | |||
| Liabilities, other than long-term debt | 4,726 | 4,846 | 4,608 | 2,447 | 2,397 | 1,141 | |||
| Accounts payable and accrued liabilities | 712 | 708 | |||||||
| Deferred compensation liability, classified | 47 | 40 | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 927 | ||
| Deferred income tax liabilities | 3,477 | 3,623 | 3,939 | 1,920 | 2,088 | ✕ | |||
| Liability for uncertainty in income taxes | 17 | ||||||||
| Liability, pension and other postretirement and postemployment benefits | 113 | 78 | 69 | 45 | |||||
| Other liabilities | 537 | 515 | 556 | 449 | 193 | 112 | |||
| Operating lease, liability | 296 | 288 | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 402 | 225 | 586 | 649 | |||||
| Total noncurrent liabilities: | 11,269 | 11,394 | 11,559 | 8,106 | 8,175 | 8,055 | |||
| Total liabilities: | 13,703 | 13,837 | 14,330 | 9,471 | 9,683 | 9,461 | |||
| Equity | |||||||||
| Equity, attributable to parent | 36,531 | 36,465 | 37,993 | 11,998 | 11,709 | 10,989 | |||
| Common stock | 84 | 85 | 88 | 62 | 61 | 62 | |||
| Additional paid in capital | 27,320 | 27,857 | 30,574 | 4,950 | 4,936 | 5,282 | |||
| Accumulated other comprehensive loss | (170) | (198) | (187) | (249) | (188) | (58) | |||
| Retained earnings | 9,297 | 8,721 | 7,517 | 7,236 | 6,899 | 5,703 | |||
| Total equity: | 36,531 | 36,465 | 37,993 | 11,998 | 11,709 | 10,989 | |||
| TOTAL LIABILITIES AND EQUITY: | 50,235 | 50,302 | 52,322 | 21,469 | 21,393 | 20,450 | |||
Income Statement (P&L) ($ in millions)
| 7/31/2023 TTM | 1/31/2023 TTM | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 12,579 | 12,014 | 7,318 | 5,603 | 5,991 | 6,201 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (4,324) | (4,481) | (2,793) | (1,913) | (1,977) | (1,968) | ||
| Gross profit: | 8,255 | 7,532 | 4,525 | 3,690 | 4,014 | 4,233 | ||
| Operating expenses | (4,210) | (4,254) | (2,833) | (2,192) | (2,303) | (2,352) | ||
| Operating income: | 4,045 | 3,279 | 1,692 | 1,498 | 1,711 | 1,882 | ||
| Nonoperating expense | (196) | (180) | (363) | (187) | (225) | (243) | ||
| Investment income, nonoperating | 18 | 7 | 1 | 4 | 10 | 9 | ||
| Interest and debt expense | (209) | (200) | (215) | (193) | (229) | (254) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 193 | 229 | 254 | |||||
| Income from continuing operations before equity method investments, income taxes: | 3,640 | 2,898 | 1,114 | 1,312 | 1,486 | 1,639 | ||
| Other undisclosed income from continuing operations before income taxes | 209 | 200 | 215 | |||||
| Income from continuing operations before income taxes: | 3,849 | 3,099 | 1,329 | 1,312 | 1,486 | 1,639 | ||
| Income tax expense (benefit) | (419) | (350) | 62 | (91) | (123) | (143) | ||
| Income from continuing operations: | 3,430 | 2,749 | 1,390 | 1,221 | 1,363 | 1,495 | ||
| Income before gain (loss) on sale of properties: | 2,468 | 2,749 | 1,390 | 1,221 | 1,363 | 1,495 | ||
| Net income attributable to parent: | 3,430 | 2,749 | 1,390 | 1,221 | 1,363 | 1,495 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (3) | (6) | ||||||
| Net income available to common stockholders, diluted: | 3,430 | 2,749 | 1,390 | 1,221 | 1,360 | 1,490 | ||
Comprehensive Income ($ in millions)
| 7/31/2023 TTM | 1/31/2023 TTM | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 3,430 | 2,749 | 1,390 | 1,221 | 1,363 | 1,495 | ||
| Other comprehensive income (loss) | 38 | 12 | 0 | (24) | 3 | |||
| Other undisclosed comprehensive income | 38 | |||||||
| Comprehensive income: | 3,468 | 2,787 | 1,403 | 1,221 | 1,339 | 1,498 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (19) | (50) | 51 | (59) | (105) | |||
| Comprehensive income, net of tax, attributable to parent: | 3,449 | 2,737 | 1,453 | 1,161 | 1,234 | 1,498 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.