Analog Devices, Inc. (ADI) financial statements (2022 and earlier)

Company profile

Business Address ONE ANALOG WAY
WILMINGTON, MA 01887
State of Incorp. MA
Fiscal Year End October 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7901,9781,0566488171,0484,056
Cash and cash equivalents1,7901,9781,0566488171,048921
Short-term investments      3,135
Receivables1,6371,459738635640689478
Inventory, net of allowances, customer advances and progress billings9731,201608610587551377
Inventory9731,201608610587551377
Prepaid expense    346
Other undisclosed current assets23774111692666059
Total current assets:4,6375,3782,5181,9852,1122,3514,975
Noncurrent Assets
Operating lease, right-of-use asset 280257 
Property, plant and equipment2,0371,9791,121    
Long-term investments and receivables 1288730292522
Long-term investments 1288730292522
Intangible assets, net (including goodwill)41,70342,18615,92916,47417,03117,5372,228
Goodwill26,94126,91812,27812,25712,25312,2171,679
Intangible assets, net (excluding goodwill)14,76315,2673,6504,2174,7785,319549
Deferred costs   47403326
Deferred income tax assets2,3172,2671,5031,582
Other noncurrent assets521  54635647
Other undisclosed noncurrent assets 10455 213236
Total noncurrent assets:46,57946,94418,95118,18817,18317,6832,359
Other undisclosed assets   1,2201,1541,107636
TOTAL ASSETS:51,21652,32221,46921,39320,45021,1417,970
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2222,2541,3651,209852822431
Accounts payable436443227225261237171
Accrued liabilities1,3851,478956796497499256
Taxes payable40033318218894874
Debt 517 30067300 
Other undisclosed current liabilities    487474352
Total current liabilities:2,2222,7701,3651,5091,4061,596783
Noncurrent Liabilities
Long-term debt and lease obligation6,2546,5495,4345,1926,2667,5511,732
Long-term debt, excluding current maturities6,2546,2535,1455,1926,2667,5511,732
Operating lease, liability 296288 
Liabilities, other than long-term debt4,4814,6082,4472,3971,1411,832290
Deferred compensation liability, classified   47403326
Deferred tax liabilities, net9271,675110
Deferred income tax liabilities3,9523,9391,9202,088
Liability for uncertainty in income taxes    17  
Liability, pension and other postretirement and postemployment benefits 113786945  
Other liabilities528556449193112125153
Other undisclosed noncurrent liabilities832402225586649  
Total noncurrent liabilities:11,56611,5598,1068,1758,0559,3832,022
Total liabilities:13,78814,3309,4719,6839,46110,9802,805
Stockholders' equity
Stockholders' equity attributable to parent37,42737,99311,99811,70910,98910,1625,166
Common stock87886261626151
Additional paid in capital30,09430,5744,9504,9365,2825,251402
Accumulated other comprehensive loss(189)(187)(249)(188)(58)(61)(74)
Retained earnings7,4357,5177,2366,8995,7034,9114,786
Total stockholders' equity:37,42737,99311,99811,70910,98910,1625,166
TOTAL LIABILITIES AND EQUITY:51,21652,32221,46921,39320,45021,1417,970

Income statement (P&L) ($ in millions)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Revenues8,4447,3185,6035,9916,2015,1083,421
Revenue, net5,1083,421
Cost of revenue(3,562)(2,793)(1,913)(1,977)(1,968)(2,046)(1,194)
Cost of goods and services sold(1,282)(2,793)(1,913)(1,977)(1,968)(2,046)(1,194)
Gross profit:4,8824,5253,6904,0144,2333,0622,227
Operating expenses(3,289)(2,833)(2,192)(2,303)(2,352)(2,006)(1,199)
Operating income:1,5931,6921,4981,7111,8821,0551,028
Nonoperating expense(377)(363)(187)(225)(243)(227)(71)
Investment income, nonoperating1141093021
Interest and debt expense(225)(215)(193)(229)(254)(251)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(42) 1932292542513
Income from continuing operations before equity method investments, income taxes:9491,1141,3121,4861,639828957
Other undisclosed income from continuing operations before income taxes267215     
Income from continuing operations before income taxes:1,2161,3291,3121,4861,639828957
Income tax expense (benefit)6662(91)(123)(143)(101)(95)
Net income attributable to parent:1,2821,3901,2211,3631,495727862
Undistributed earnings (loss) allocated to participating securities, basic   (3)(6)(2)
Net income available to common stockholders, diluted:1,2821,3901,2211,3601,490725862

Comprehensive Income ($ in millions)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Net income:1,2821,3901,2211,3631,495727862
Other comprehensive income (loss) 120(24)32(23)
Other undisclosed comprehensive income12      
Comprehensive income:1,2941,4031,2211,3391,498729839
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1851(59)(105) 11 
Comprehensive income, net of tax, attributable to parent:1,3121,4531,1611,2341,498740839

Statements sources

The financial statements are based on the company's filings with the 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.

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