Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Analog Devices Inc. (NASDAQ:ADI)

Adjustments to Financial Statements

Advanced level


Adjustments to Current Assets

Analog Devices Inc., adjusted current assets

US$ in thousands

Microsoft Excel LibreOffice Calc
Nov 2, 2019 Nov 3, 2018 Oct 28, 2017 Oct 29, 2016 Oct 31, 2015
As Reported
Current assets 1,985,126  2,112,126  2,351,338  4,974,863  4,079,548 
Adjustments
Add: Accounts receivable reserves and allowances 8,387  2,284  7,213  5,117  2,081 
Less: Current deferred tax assets1 —  —  —  —  129,241 
After Adjustment
Adjusted current assets 1,993,513  2,114,410  2,358,551  4,979,980  3,952,388 

Based on: 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 Current deferred tax assets. See details »


Adjustments to Total Assets

Analog Devices Inc., adjusted total assets

US$ in thousands

Microsoft Excel LibreOffice Calc
Nov 2, 2019 Nov 3, 2018 Oct 28, 2017 Oct 29, 2016 Oct 31, 2015
As Reported
Total assets 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 8,387  2,284  7,213  5,117  2,081 
Less: Current deferred tax assets2 —  —  —  —  129,241 
Less: Non-current deferred tax assets3 1,582,382  21,078  32,322  36,005  33,280 
After Adjustment
Adjusted total assets 20,198,773  20,751,908  21,242,289  8,015,468  6,957,189 

Based on: 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 right-of-use asset (before adoption of FASB Topic 842). See details »

2 Current deferred tax assets. See details »

3 Non-current deferred tax assets. See details »


Adjustments to Current Liabilities

Analog Devices Inc., adjusted current liabilities

US$ in thousands

Microsoft Excel LibreOffice Calc
Nov 2, 2019 Nov 3, 2018 Oct 28, 2017 Oct 29, 2016 Oct 31, 2015
As Reported
Current liabilities 1,508,632  1,406,138  1,596,332  782,934  1,113,830 
Adjustments
Less: Current accrued restructuring 64,418  15,153  37,348  12,374  5,877 
After Adjustment
Adjusted current liabilities 1,444,214  1,390,985  1,558,984  770,560  1,107,953 

Based on: 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

Microsoft Excel LibreOffice Calc
Nov 2, 2019 Nov 3, 2018 Oct 28, 2017 Oct 29, 2016 Oct 31, 2015
As Reported
Total liabilities 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 2,088,212  927,065  1,674,683  109,931  227,376 
Less: Accrued restructuring 64,418  15,153  37,348  12,374  5,877 
After Adjustment
Adjusted total liabilities 7,910,950  8,839,944  9,393,827  2,758,433  1,811,417 

Based on: 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

Microsoft Excel LibreOffice Calc
Nov 2, 2019 Nov 3, 2018 Oct 28, 2017 Oct 29, 2016 Oct 31, 2015
As Reported
Shareholders’ equity 11,709,188  10,988,540  10,161,540  5,165,618  5,072,959 
Adjustments
Less: Net deferred tax assets (liabilities)1 (505,830) (905,987) (1,642,361) (73,926) (64,855)
Add: Accounts receivable reserves and allowances 8,387  2,284  7,213  5,117  2,081 
Add: Accrued restructuring 64,418  15,153  37,348  12,374  5,877 
After Adjustment
Adjusted shareholders’ equity 12,287,823  11,911,964  11,848,462  5,257,035  5,145,772 

Based on: 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 Net deferred tax assets (liabilities). See details »


Adjustments to Capitalization Table

Analog Devices Inc., adjusted capitalization table

US$ in thousands

Microsoft Excel LibreOffice Calc
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 5,192,252  6,265,674  7,551,084  1,732,177  498,497 
Total reported debt 5,491,919  6,332,674  7,851,084  1,732,177  873,336 
Shareholders’ equity 11,709,188  10,988,540  10,161,540  5,165,618  5,072,959 
Total reported capital 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 
Adjusted total debt 5,872,046  6,653,597  7,977,188  1,808,255  928,787 
Adjustments to Equity
Less: Net deferred tax assets (liabilities)2 (505,830) (905,987) (1,642,361) (73,926) (64,855)
Add: Accounts receivable reserves and allowances 8,387  2,284  7,213  5,117  2,081 
Add: Accrued restructuring 64,418  15,153  37,348  12,374  5,877 
Adjusted shareholders’ equity 12,287,823  11,911,964  11,848,462  5,257,035  5,145,772 
After Adjustment
Adjusted total capital 18,159,869  18,565,561  19,825,650  7,065,290  6,074,559 

Based on: 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 Net deferred tax assets (liabilities). See details »


Adjustments to Reported Income

Analog Devices Inc., adjusted net income

US$ in thousands

Microsoft Excel LibreOffice Calc
12 months ended: Nov 2, 2019 Nov 3, 2018 Oct 28, 2017 Oct 29, 2016 Oct 31, 2015
As Reported
Net income 1,363,011  1,495,432  727,259  861,664  696,878 
Adjustments
Add: Deferred income tax expense (benefit)1 (91,253) (736,759) (825,869) 8,124  (52,214)
Add: Increase (decrease) in accounts receivable reserves and allowances 6,103  (4,929) 2,096  3,036  (838)
Add: Increase (decrease) in accrued restructuring 49,266  (22,195) 24,974  6,497  (34,626)
Add: Other comprehensive income (loss) (129,359) 2,919  12,455  (22,963) 117,675 
After Adjustment
Adjusted net income 1,197,768  734,468  (59,085) 856,358  726,875 

Based on: 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 Deferred income tax expense (benefit). See details »