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ANALOG DEVICES INC (ADI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJul-29-23Apr-29-23Oct-29-22Jul-30-22Apr-30-22Jan-29-22Oct-30-21Jul-31-21
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Revenue  3,076.53,262.93,247.73,109.92,972.12,684.32,339.61,758.9
            Revenue growth  -1.1%9.8%38.8%76.8%78.9%72.2%53.3%20.8%
Cost of sales  1,114.91,118.41,104.91,066.71,027.51,282.31,217.7537.7
    Gross margin  1,961.62,144.52,142.82,043.11,944.51,402.01,121.81,221.2
            Gross margin  63.8%65.7%66.0%65.7%65.4%52.2%47.9%69.4%
   
Operating expenses:          
Research and development  423.8415.8421.0431.8420.9426.8399.1306.6
Selling, marketing, general and administrative  334.1324.3336.6326.9305.3297.4317.5206.1
Amortization of intangibles  250.7253.0252.9252.9253.5253.4213.6107.8
Special charges, net  23.523.129.9138.246.759.792.6-8.9
    Total operating expenses  1,032.11,016.21,040.31,149.81,026.41,037.21,022.8611.5
    Operating income:  929.51,128.41,102.5893.3918.2364.899.0609.6
            Operating margin  30.2%34.6%33.9%28.7%30.9%13.6%4.2%34.7%
   
Nonoperating expense (income):          
Interest expense  -69.3-63.3-47.7-51.2-49.5-52.0-54.6-44.7
Interest income  -8.8-12.6-4.3-1.8-0.6-0.2-0.4-0.3
Other, net  -5.9-10.211.1-4.0-10.1-10.5-14.2-7.0
Total nonoperating expense (income)  54.740.554.545.438.941.2255.237.4
    Income before income taxes  874.81,087.91,048.0847.9879.2323.6-156.2572.3
(Benefit from) provision for income taxes  -2.2110.3111.899.096.043.5-231.969.0
    Net income  877.0977.7936.2749.0783.3280.175.7503.3
   
Shares used to compute earnings per common share – basic (in shares)  500.0504.7519.2517.0522.4525.3397.5368.5
Shares used to compute earnings per common share – diluted (in shares)  503.5508.7523.2520.6526.3530.1401.3371.8
   
Basic earnings per common share (in dollars per share)  $1.75$1.94$1.82$1.45$1.50$0.53($0.06)$1.37
Diluted earnings per common share (in dollars per share)  $1.74$1.92$1.80$1.44$1.49$0.53($0.07)$1.35

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