Stock Analysis on Net
Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Analog Devices Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

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Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015 Jan 31, 2015
Accounts payable 215,894  194,211  211,670  225,270  220,230  208,243  222,552  260,919  215,688  213,267  223,107  236,629  228,127  190,245  156,653  171,439  160,416  165,790  138,302  174,247  152,683  156,300  123,456 
Deferred income on shipments to distributors, net —  —  —  —  —  —  —  487,417  547,279  565,668  529,532  473,972  449,663  377,792  356,666  351,538  327,444  317,290  298,272  300,087  307,265  295,428  278,228 
Income taxes payable 149,376  151,691  118,406  187,879  173,917  124,356  39,132  93,722  127,920  105,085  48,599  86,905  22,301  60,563  5,346  4,100  2,396  5,627  8,122  15,062  35,154  32,626  17,683 
Debt, current 449,324  448,945  748,460  299,667  411,434  374,165  —  67,000  22,500  56,000  50,000  300,000  —  4,321,169  —  —  —  —  —  374,839  374,752  374,664  — 
Accrued liabilities 873,182  787,155  692,006  795,816  678,099  658,271  588,271  497,080  425,496  492,843  385,310  498,826  400,986  499,513  292,961  255,857  188,437  195,893  149,409  249,595  187,916  209,201  213,542 
Current liabilities 1,687,776  1,582,002  1,770,542  1,508,632  1,483,680  1,365,035  849,955  1,406,138  1,338,883  1,432,863  1,236,548  1,596,332  1,101,077  5,449,282  811,626  782,934  678,693  684,600  594,105  1,113,830  1,057,770  1,068,219  632,909 
Long-term debt, excluding current 5,143,653  5,142,223  4,745,302  5,192,252  5,278,643  5,612,365  6,234,517  6,265,674  6,532,746  6,926,441  7,384,856  7,551,084  8,199,230  8,572,364  3,805,400  1,732,177  1,731,758  1,731,336  1,730,948  498,497  498,448  498,399  872,926 
Deferred income taxes 1,961,009  2,000,644  2,055,100  2,088,212  2,171,029  2,228,822  2,288,615  927,065  932,813  943,117  981,866  1,674,683  1,730,253  2,431,410  103,244  109,931  133,412  125,196  128,572  227,376  243,263  246,866  241,367 
Income taxes payable 591,509  597,166  656,103  654,420  649,228  647,714  706,656  710,179  732,189  737,494  742,390  49,583  —  —  —  —  —  —  —  —  —  —  — 
Other non-current liabilities 438,061  438,045  460,263  239,937  193,833  180,131  163,098  152,183  155,768  151,184  159,876  108,072  161,535  203,032  176,670  179,618  157,857  155,459  149,594  149,516  270,059  270,783  267,744 
Non-current liabilities 8,134,232  8,178,078  7,916,768  8,174,821  8,292,733  8,669,032  9,392,886  8,055,101  8,353,516  8,758,236  9,268,988  9,383,422  10,091,018  11,206,806  4,085,314  2,021,726  2,023,027  2,011,991  2,009,114  875,389  1,011,770  1,016,048  1,382,037 
Total liabilities 9,822,008  9,760,080  9,687,310  9,683,453  9,776,413  10,034,067  10,242,841  9,461,239  9,692,399  10,191,099  10,505,536  10,979,754  11,192,095  16,656,088  4,896,940  2,804,660  2,701,720  2,696,591  2,603,219  1,989,219  2,069,540  2,084,267  2,014,946 
Preferred stock, $1.00 par value, none outstanding —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Common stock, $0.16 2/3 par value 61,529  61,405  61,371  61,385  61,569  61,628  61,387  61,694  61,946  61,817  61,635  61,441  61,279  61,170  51,535  51,363  51,247  51,226  51,671  52,011  52,280  52,258  51,939 
Capital in excess of par value 4,909,651  4,861,013  4,923,947  4,936,349  5,060,586  5,117,202  5,111,058  5,282,222  5,410,222  5,362,608  5,318,109  5,250,519  5,190,217  5,144,636  457,944  402,270  362,357  348,391  525,837  634,484  719,050  707,180  651,523 
Retained earnings 7,079,309  6,945,442  6,906,346  6,899,253  6,821,755  6,659,449  6,491,013  5,703,064  5,449,515  5,213,941  5,012,392  4,910,939  4,730,146  4,827,495  4,873,245  4,785,799  4,619,285  4,517,809  4,477,161  4,437,315  4,466,592  4,375,625  4,295,169 
Accumulated other comprehensive loss (272,929) (277,002) (202,147) (187,799) (153,673) (96,021) (78,021) (58,440) (65,466) (53,011) (44,357) (61,359) (58,742) (66,706) (76,293) (73,814) (49,556) (43,725) (59,807) (50,851) (172,761) (170,855) (192,421)
Shareholders’ equity 11,777,560  11,590,858  11,689,517  11,709,188  11,790,237  11,742,258  11,585,437  10,988,540  10,856,217  10,585,355  10,347,779  10,161,540  9,922,900  9,966,595  5,306,431  5,165,618  4,983,333  4,873,701  4,994,862  5,072,959  5,065,161  4,964,208  4,806,210 
Total liabilities and shareholders’ equity 21,599,568  21,350,938  21,376,827  21,392,641  21,566,650  21,776,325  21,828,278  20,449,779  20,548,616  20,776,454  20,853,315  21,141,294  21,114,995  26,622,683  10,203,371  7,970,278  7,685,053  7,570,292  7,598,081  7,062,178  7,134,701  7,048,475  6,821,156 

Based on: 10-Q (filing date: 2020-08-19), 10-Q (filing date: 2020-05-20), 10-Q (filing date: 2020-02-19), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-08-21), 10-Q (filing date: 2019-05-22), 10-Q (filing date: 2019-02-20), 10-K (filing date: 2018-11-27), 10-Q (filing date: 2018-08-22), 10-Q (filing date: 2018-05-30), 10-Q (filing date: 2018-02-28), 10-K (filing date: 2017-11-22), 10-Q (filing date: 2017-08-30), 10-Q (filing date: 2017-05-31), 10-Q (filing date: 2017-02-15), 10-K (filing date: 2016-11-22), 10-Q (filing date: 2016-08-17), 10-Q (filing date: 2016-05-18), 10-Q (filing date: 2016-02-17), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-08-18), 10-Q (filing date: 2015-05-19), 10-Q (filing date: 2015-02-17).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Analog Devices Inc.’s current liabilities decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Analog Devices Inc.’s non-current liabilities increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Analog Devices Inc.’s total liabilities increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Analog Devices Inc.’s shareholders’ equity decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.