10-Q Filing

ANALOG DEVICES INC CIK: 6281 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000006281-22-000020`
Period End Date	20220131
Filing Date	20220216
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	adi-20220129_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 40 Cash Flow Statement 50 Stockholders Equity 13 Comprehensive Income 16

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	471,934.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	471,934.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.79B	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.98B	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.46B	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.64B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.16	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.16	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Inventories	`InventoryNet`	$972.57M	USD	Point-in-time
Inventories	`InventoryNet`	$1.20B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	523.32M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$740.69M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	525.33M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$236.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.64B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.38B	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$2.04B	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$1.98B	USD	Point-in-time
Goodwill	`Goodwill`	$26.92B	USD	Point-in-time
Goodwill	`Goodwill`	$26.94B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$15.27B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$14.76B	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$2.27B	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$2.32B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$511.79M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$521.01M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$46.58B	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$46.94B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$52.32B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$51.22B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$443.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$436.23M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$332.69M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$400.42M	USD	Point-in-time
Debt, current	`DebtCurrent`	$516.66M	USD	Point-in-time
Debt, current	`DebtCurrent`	-	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.39B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.48B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.77B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.22B	USD	Point-in-time
Long-term debt	`UnsecuredLongTermDebt`	$6.25B	USD	Point-in-time
Long-term debt	`UnsecuredLongTermDebt`	$6.25B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.95B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.94B	USD	Point-in-time
Income taxes payable	`TaxesPayableNoncurrent`	$811.34M	USD	Point-in-time
Income taxes payable	`TaxesPayableNoncurrent`	$832.20M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$555.84M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$528.43M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$11.57B	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$11.56B	USD	Point-in-time
Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, 0.16 2/3 par value, 1,200,000,000 shares authorized, 523,315,130 shares outstanding (525,330,672 on October 30, 2021)	`CommonStockValue`	$87.22M	USD	Point-in-time
Common stock, 0.16 2/3 par value, 1,200,000,000 shares authorized, 523,315,130 shares outstanding (525,330,672 on October 30, 2021)	`CommonStockValue`	$87.55M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$30.57B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$30.09B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.52B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.43B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-188.62M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-186.56M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$37.99B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$37.43B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$52.32B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$51.22B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.56B	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.68B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$513.09M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.28B	USD	1 Quarter
Gross margin	`GrossProfit`	$1.40B	USD	1 Quarter
Gross margin	`GrossProfit`	$1.05B	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$426.78M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$288.15M	USD	1 Quarter
Selling, marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$297.37M	USD	1 Quarter
Selling, marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$185.28M	USD	1 Quarter
Amortization of intangibles	`OperatingExpensesAmortizationOfIntangibles`	$107.65M	USD	1 Quarter
Amortization of intangibles	`OperatingExpensesAmortizationOfIntangibles`	$253.37M	USD	1 Quarter
Special charges, net	`RestructuringSettlementAndImpairmentProvisions`	$438.00K	USD	1 Quarter
Special charges, net	`RestructuringSettlementAndImpairmentProvisions`	$59.73M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.04B	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$581.51M	USD	1 Quarter
Operating income:	`OperatingIncomeLoss`	$364.76M	USD	1 Quarter
Operating income:	`OperatingIncomeLoss`	$463.86M	USD	1 Quarter
Interest expense	`InterestExpense`	$42.48M	USD	1 Quarter
Interest expense	`InterestExpense`	$51.96M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$209.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$218.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$15.03M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$10.54M	USD	1 Quarter
Total nonoperating expense (income)	`NonoperatingIncomeExpense`	$-41.20M	USD	1 Quarter
Total nonoperating expense (income)	`NonoperatingIncomeExpense`	$-27.24M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$323.56M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$436.62M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$48.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$43.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$388.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$280.08M	USD	1 Quarter
Shares used to compute earnings per common share basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	369.20M	shares	1 Quarter
Shares used to compute earnings per common share basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	525.29M	shares	1 Quarter
Shares used to compute earnings per common share diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	373.11M	shares	1 Quarter
Shares used to compute earnings per common share diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	530.14M	shares	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$1.05	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$1.04	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$388.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$280.08M	USD	1 Quarter
Depreciation	`Depreciation`	$56.31M	USD	1 Quarter
Depreciation	`Depreciation`	$65.17M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$145.04M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$504.64M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$36.64M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$86.94M	USD	1 Quarter
Cost of goods sold for inventory acquired	`CostOfGoodsAndServicesSoldForInventoryAcquired`	-	USD	1 Quarter
Cost of goods sold for inventory acquired	`CostOfGoodsAndServicesSoldForInventoryAcquired`	$271.40M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-34.65M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-27.27M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$14.55M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.75M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$315.41M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$156.74M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$576.34M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$39.42M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$427.94M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$856.41M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$111.13M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$67.39M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherAssetsInvesting`	$-7.82M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherAssetsInvesting`	$7.68M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.07M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-103.31M	USD	1 Quarter
Early termination of debt	`RepaymentsOfDebt`	$519.12M	USD	1 Quarter
Early termination of debt	`RepaymentsOfDebt`	-	USD	1 Quarter
Dividend payments to shareholders	`PaymentsOfDividendsCommonStock`	$362.64M	USD	1 Quarter
Dividend payments to shareholders	`PaymentsOfDividendsCommonStock`	$229.18M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$157.06M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$76.02M	USD	1 Quarter
Proceeds from employee stock plans	`ProceedsFromStockPlans`	$19.92M	USD	1 Quarter
Proceeds from employee stock plans	`ProceedsFromStockPlans`	$8.47M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.49M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$12.04M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-363.82M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-937.27M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-3.40M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.16M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-187.56M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.80M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.98B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.79B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.05B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.98B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.79B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.05B	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Dividends (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.69	USD	1 Quarter
Dividends (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.62	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$37.99B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$37.43B	USD	Point-in-time
Net income	`NetIncomeLoss`	$388.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$280.08M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$30.96M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.05M	USD	1 Quarter
Common stock repurchased (in shares)	`StockRepurchasedDuringPeriodShares`	12.30M	shares	Annual
Common stock repurchased (in shares)	`StockRepurchasedDuringPeriodShares`	2.10M	shares	1 Quarter
Common stock repurchased (in shares)	`StockRepurchasedDuringPeriodShares`	14.40M	shares	5 Qtrs
Ending balance	`StockholdersEquity`	$37.99B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$37.43B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$388.52M	USD	1 Quarter
Changes in fair value of derivatives, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$506.00K	USD	1 Quarter
Changes in fair value of derivatives, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$6.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$280.08M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.60M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$8.28M	USD	1 Quarter
Change in actuarial loss/gain, tax	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-86.00K	USD	1 Quarter
Change in actuarial loss/gain, tax	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-96.00K	USD	1 Quarter
Change in fair value of derivative instruments designated as cash flow hedges (net of taxes of $506 and $6,661, respectively)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$24.46M	USD	1 Quarter
Change in fair value of derivative instruments designated as cash flow hedges (net of taxes of $506 and $6,661, respectively)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$1.05M	USD	1 Quarter
Changes in pension plans, net actuarial loss and foreign currency translation adjustments (net of taxes of $96 and $86, respectively)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$1.78M	USD	1 Quarter
Changes in pension plans, net actuarial loss and foreign currency translation adjustments (net of taxes of $96 and $86, respectively)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-1.50M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$30.96M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.05M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$419.48M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$278.02M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.