Stock Analysis on Net
Stock Analysis on Net
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Analog Devices Inc. (NASDAQ:ADI)

Income Statement

Beginner level

Analog Devices Inc., consolidated income statement

US$ in thousands

Microsoft Excel LibreOffice Calc
12 months ended: Oct 31, 2020 Nov 2, 2019 Nov 3, 2018 Oct 28, 2017 Oct 29, 2016 Oct 31, 2015
Revenue 5,603,056  5,991,065  6,200,942  5,107,503  3,421,409  3,435,092 
Cost of sales (1,912,578) (1,977,315) (1,967,640) (2,045,907) (1,194,236) (1,175,830)
Gross margin 3,690,478  4,013,750  4,233,302  3,061,596  2,227,173  2,259,262 
Research and development (1,050,519) (1,130,348) (1,165,410) (968,602) (653,816) (637,459)
Selling, marketing, general and administrative (659,923) (648,094) (695,937) (691,046) (461,438) (478,972)
Amortization of intangibles (429,455) (429,041) (428,902) (297,351) (70,123) (88,318)
Special charges (52,337) (95,659) (61,318) (49,463) (13,684) — 
Other operating expense —  —  —  —  —  (223,672)
Operating expenses (2,192,234) (2,303,142) (2,351,567) (2,006,462) (1,199,061) (1,428,421)
Operating income 1,498,244  1,710,608  1,881,735  1,055,134  1,028,112  830,841 
Interest expense (193,305) (229,075) (253,589) (250,840) (88,757) (27,030)
Interest income 4,305  10,229  9,383  30,333  21,221  8,625 
Other, net 2,373  (6,034) 988  (6,142) (3,655) (2,322)
Nonoperating income (expenses) (186,627) (224,880) (243,218) (226,649) (71,191) (20,727)
Income before income taxes 1,311,617  1,485,728  1,638,517  828,485  956,921  810,114 
Provision for income taxes (90,856) (122,717) (143,085) (101,226) (95,257) (113,236)
Net income 1,220,761  1,363,011  1,495,432  727,259  861,664  696,878 

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).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Analog Devices Inc.’s revenue decreased from 2018 to 2019 and from 2019 to 2020.
Operating income The net result for the period of deducting operating expenses from operating revenues. Analog Devices Inc.’s operating income decreased from 2018 to 2019 and from 2019 to 2020.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Analog Devices Inc.’s income before income taxes decreased from 2018 to 2019 and from 2019 to 2020.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Analog Devices Inc.’s net income decreased from 2018 to 2019 and from 2019 to 2020.