Adjustments to Financial Statements
Advanced level
Adjustments to Current Assets
Analog Devices Inc., adjusted current assets
US$ in thousands
|
|
Oct 31, 2020 |
Nov 2, 2019 |
Nov 3, 2018 |
Oct 28, 2017 |
Oct 29, 2016 |
Oct 31, 2015 |
|
As Reported |
|
|
Current assets |
2,517,688 | 1,985,126 | 2,112,126 | 2,351,338 | 4,974,863 | 4,079,548 |
|
Adjustments |
|
|
Add: Accounts receivable reserves and allowances |
4,350 | 8,387 | 2,284 | 7,213 | 5,117 | 2,081 |
|
|
Less: Current deferred tax assets1 |
— | — | — | — | — | 129,241 |
|
After Adjustment |
|
|
Adjusted current assets |
2,522,038 |
1,993,513 |
2,114,410 |
2,358,551 |
4,979,980 |
3,952,388 |
Based on:
10-K (filing date: 2020-11-24),
10-K (filing date: 2019-11-26),
10-K (filing date: 2018-11-27),
10-K (filing date: 2017-11-22),
10-K (filing date: 2016-11-22),
10-K (filing date: 2015-11-24).
Adjustments to Total Assets
Analog Devices Inc., adjusted total assets
US$ in thousands
|
|
Oct 31, 2020 |
Nov 2, 2019 |
Nov 3, 2018 |
Oct 28, 2017 |
Oct 29, 2016 |
Oct 31, 2015 |
|
As Reported |
|
|
Total assets |
21,468,603 | 21,392,641 | 20,449,779 | 21,141,294 | 7,970,278 | 7,062,178 |
|
Adjustments |
|
|
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 |
— | 380,127 | 320,923 | 126,104 | 76,078 | 55,451 |
|
|
Add: Accounts receivable reserves and allowances |
4,350 | 8,387 | 2,284 | 7,213 | 5,117 | 2,081 |
|
|
Less: Current deferred tax assets2 |
— | — | — | — | — | 129,241 |
|
|
Less: Non-current deferred tax assets3 |
1,503,064 | 1,582,382 | 21,078 | 32,322 | 36,005 | 33,280 |
|
After Adjustment |
|
|
Adjusted total assets |
19,969,889 |
20,198,773 |
20,751,908 |
21,242,289 |
8,015,468 |
6,957,189 |
Based on:
10-K (filing date: 2020-11-24),
10-K (filing date: 2019-11-26),
10-K (filing date: 2018-11-27),
10-K (filing date: 2017-11-22),
10-K (filing date: 2016-11-22),
10-K (filing date: 2015-11-24).
Adjustments to Current Liabilities
Analog Devices Inc., adjusted current liabilities
US$ in thousands
|
|
Oct 31, 2020 |
Nov 2, 2019 |
Nov 3, 2018 |
Oct 28, 2017 |
Oct 29, 2016 |
Oct 31, 2015 |
|
As Reported |
|
|
Current liabilities |
1,364,986 | 1,508,632 | 1,406,138 | 1,596,332 | 782,934 | 1,113,830 |
|
Adjustments |
|
|
Less: Current accrued special charges |
69,439 | 64,418 | 15,153 | 37,348 | 12,374 | 5,877 |
|
After Adjustment |
|
|
Adjusted current liabilities |
1,295,547 |
1,444,214 |
1,390,985 |
1,558,984 |
770,560 |
1,107,953 |
Based on:
10-K (filing date: 2020-11-24),
10-K (filing date: 2019-11-26),
10-K (filing date: 2018-11-27),
10-K (filing date: 2017-11-22),
10-K (filing date: 2016-11-22),
10-K (filing date: 2015-11-24).
Adjustments to Total Liabilities
Analog Devices Inc., adjusted total liabilities
US$ in thousands
|
|
Oct 31, 2020 |
Nov 2, 2019 |
Nov 3, 2018 |
Oct 28, 2017 |
Oct 29, 2016 |
Oct 31, 2015 |
|
As Reported |
|
|
Total liabilities |
9,470,658 | 9,683,453 | 9,461,239 | 10,979,754 | 2,804,660 | 1,989,219 |
|
Adjustments |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | 380,127 | 320,923 | 126,104 | 76,078 | 55,451 |
|
|
Less: Non-current deferred tax liabilities2 |
1,919,595 | 2,088,212 | 927,065 | 1,674,683 | 109,931 | 227,376 |
|
|
Less: Accrued special charges |
69,439 | 64,418 | 15,153 | 37,348 | 12,374 | 5,877 |
|
After Adjustment |
|
|
Adjusted total liabilities |
7,481,624 |
7,910,950 |
8,839,944 |
9,393,827 |
2,758,433 |
1,811,417 |
Based on:
10-K (filing date: 2020-11-24),
10-K (filing date: 2019-11-26),
10-K (filing date: 2018-11-27),
10-K (filing date: 2017-11-22),
10-K (filing date: 2016-11-22),
10-K (filing date: 2015-11-24).
1 Operating lease liability (before adoption of FASB Topic 842). See details »
2 Non-current deferred tax liabilities. See details »
Adjustments to Stockholders’ Equity
Analog Devices Inc., adjusted shareholders’ equity
US$ in thousands
|
|
Oct 31, 2020 |
Nov 2, 2019 |
Nov 3, 2018 |
Oct 28, 2017 |
Oct 29, 2016 |
Oct 31, 2015 |
|
As Reported |
|
|
Shareholders’ equity |
11,997,945 | 11,709,188 | 10,988,540 | 10,161,540 | 5,165,618 | 5,072,959 |
|
Adjustments |
|
|
Less: Net deferred tax assets (liabilities)1 |
(416,531) | (505,830) | (905,987) | (1,642,361) | (73,926) | (64,855) |
|
|
Add: Accounts receivable reserves and allowances |
4,350 | 8,387 | 2,284 | 7,213 | 5,117 | 2,081 |
|
|
Add: Accrued special charges |
69,439 | 64,418 | 15,153 | 37,348 | 12,374 | 5,877 |
|
After Adjustment |
|
|
Adjusted shareholders’ equity |
12,488,265 |
12,287,823 |
11,911,964 |
11,848,462 |
5,257,035 |
5,145,772 |
Based on:
10-K (filing date: 2020-11-24),
10-K (filing date: 2019-11-26),
10-K (filing date: 2018-11-27),
10-K (filing date: 2017-11-22),
10-K (filing date: 2016-11-22),
10-K (filing date: 2015-11-24).
Adjustments to Capitalization Table
Analog Devices Inc., adjusted capitalization table
US$ in thousands
|
|
Oct 31, 2020 |
Nov 2, 2019 |
Nov 3, 2018 |
Oct 28, 2017 |
Oct 29, 2016 |
Oct 31, 2015 |
|
As Reported |
|
|
Debt, current |
— | 299,667 | 67,000 | 300,000 | — | 374,839 |
|
|
Long-term debt, excluding current |
5,145,102 | 5,192,252 | 6,265,674 | 7,551,084 | 1,732,177 | 498,497 |
|
|
Total reported debt |
5,145,102 |
5,491,919 |
6,332,674 |
7,851,084 |
1,732,177 |
873,336 |
|
|
Shareholders’ equity |
11,997,945 | 11,709,188 | 10,988,540 | 10,161,540 | 5,165,618 | 5,072,959 |
|
|
Total reported capital |
17,143,047 |
17,201,107 |
17,321,214 |
18,012,624 |
6,897,795 |
5,946,295 |
|
Adjustments to Debt |
|
|
Add: Operating lease liability (before adoption of FASB Topic 842)1 |
— | 380,127 | 320,923 | 126,104 | 76,078 | 55,451 |
|
|
Add: Operating lease liabilities (in Accrued liabilities)2 |
39,923 | — | — | — | — | — |
|
|
Add: Operating lease liabilities (in Other non-current liabilities)3 |
288,492 | — | — | — | — | — |
|
|
Adjusted total debt |
5,473,517 |
5,872,046 |
6,653,597 |
7,977,188 |
1,808,255 |
928,787 |
|
Adjustments to Equity |
|
|
Less: Net deferred tax assets (liabilities)4 |
(416,531) | (505,830) | (905,987) | (1,642,361) | (73,926) | (64,855) |
|
|
Add: Accounts receivable reserves and allowances |
4,350 | 8,387 | 2,284 | 7,213 | 5,117 | 2,081 |
|
|
Add: Accrued special charges |
69,439 | 64,418 | 15,153 | 37,348 | 12,374 | 5,877 |
|
|
Adjusted shareholders’ equity |
12,488,265 |
12,287,823 |
11,911,964 |
11,848,462 |
5,257,035 |
5,145,772 |
|
After Adjustment |
|
|
Adjusted total capital |
17,961,782 |
18,159,869 |
18,565,561 |
19,825,650 |
7,065,290 |
6,074,559 |
Based on:
10-K (filing date: 2020-11-24),
10-K (filing date: 2019-11-26),
10-K (filing date: 2018-11-27),
10-K (filing date: 2017-11-22),
10-K (filing date: 2016-11-22),
10-K (filing date: 2015-11-24).
1 Operating lease liability (before adoption of FASB Topic 842). See details »
2 Operating lease liabilities (in Accrued liabilities). See details »
3 Operating lease liabilities (in Other non-current liabilities). See details »
4 Net deferred tax assets (liabilities). See details »
Adjustments to Reported Income
Analog Devices Inc., adjusted net income
US$ in thousands
|
12 months ended: |
Oct 31, 2020 |
Nov 2, 2019 |
Nov 3, 2018 |
Oct 28, 2017 |
Oct 29, 2016 |
Oct 31, 2015 |
|
As Reported |
|
|
Net income |
1,220,761 | 1,363,011 | 1,495,432 | 727,259 | 861,664 | 696,878 |
|
Adjustments |
|
|
Add: Deferred income tax expense (benefit)1 |
(113,948) | (91,253) | (736,759) | (825,869) | 8,124 | (52,214) |
|
|
Add: Increase (decrease) in accounts receivable reserves and allowances |
(4,037) | 6,103 | (4,929) | 2,096 | 3,036 | (838) |
|
|
Add: Increase (decrease) in accrued special charges |
5,021 | 49,266 | (22,195) | 24,974 | 6,497 | (34,626) |
|
|
Add: Other comprehensive income (loss) |
(59,283) | (129,359) | 2,919 | 12,455 | (22,963) | 117,675 |
|
After Adjustment |
|
|
Adjusted net income |
1,048,514 |
1,197,768 |
734,468 |
(59,085) |
856,358 |
726,875 |
Based on:
10-K (filing date: 2020-11-24),
10-K (filing date: 2019-11-26),
10-K (filing date: 2018-11-27),
10-K (filing date: 2017-11-22),
10-K (filing date: 2016-11-22),
10-K (filing date: 2015-11-24).
