Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

Income Statement

Analog Devices Inc., consolidated income statement

US$ in thousands

Microsoft Excel
12 months ended: Oct 28, 2023 Oct 29, 2022 Oct 30, 2021 Oct 31, 2020 Nov 2, 2019 Nov 3, 2018
Revenue 12,305,539 12,013,953 7,318,286 5,603,056 5,991,065 6,200,942
Cost of sales (4,428,321) (4,481,479) (2,793,274) (1,912,578) (1,977,315) (1,967,640)
Gross margin 7,877,218 7,532,474 4,525,012 3,690,478 4,013,750 4,233,302
Research and development (1,660,194) (1,700,518) (1,296,126) (1,050,519) (1,130,348) (1,165,410)
Selling, marketing, general and administrative (1,273,584) (1,266,175) (915,418) (659,923) (648,094) (695,937)
Amortization of intangibles (959,618) (1,012,572) (536,811) (429,455) (429,041) (428,902)
Special charges, net (160,710) (274,509) (84,456) (52,337) (95,659) (61,318)
Operating expenses (4,054,106) (4,253,774) (2,832,811) (2,192,234) (2,303,142) (2,351,567)
Operating income 3,823,112 3,278,700 1,692,201 1,498,244 1,710,608 1,881,735
Interest expense (264,641) (200,408) (184,825) (193,305) (229,075) (253,589)
Loss on extinguishment of debt (215,150)
Interest income 41,287 6,906 1,220 4,305 10,229 9,383
Other, net 8,245 13,551 35,268 2,373 (6,034) 988
Nonoperating income (expenses) (215,109) (179,951) (363,487) (186,627) (224,880) (243,218)
Income before income taxes 3,608,003 3,098,749 1,328,714 1,311,617 1,485,728 1,638,517
(Provision for) benefit from income taxes (293,424) (350,188) 61,708 (90,856) (122,717) (143,085)
Net income 3,314,579 2,748,561 1,390,422 1,220,761 1,363,011 1,495,432

Based on: 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03).

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. revenue increased from 2021 to 2022 and from 2022 to 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. Analog Devices Inc. operating income increased from 2021 to 2022 and from 2022 to 2023.
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. income before income taxes increased from 2021 to 2022 and from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Analog Devices Inc. net income increased from 2021 to 2022 and from 2022 to 2023.