Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Analog Devices Inc., consolidated cash flow 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
Net income 3,314,579 2,748,561 1,390,422 1,220,761 1,363,011 1,495,432
Depreciation 334,704 283,338 231,275 233,775 240,677 228,525
Amortization of intangibles 1,958,399 2,014,161 843,359 577,148 570,574 570,538
Cost of goods sold for inventory acquired 271,396 331,083
Stock-based compensation expense 299,823 323,487 243,611 149,518 150,300 151,165
Non-cash contribution to charitable foundation 40,000
Loss on extinguishment of debt 215,150
Non-cash impairment charge 91,953
Deferred income taxes (452,946) (326,755) (406,922) (113,948) (91,253) (736,759)
Other 8,665 (47,074) (4,854) (252,189) 55,074 36,569
Accounts receivable 330,728 (343,908) (114,504) (101,626) 5,890 45,979
Inventories (242,299) (470,725) (65,114) 1,760 (42,771) (34,636)
Prepaid expenses and other current assets 4,543 (79,439) (53,326) (3,666) (11,797) (1,588)
Prepaid income tax 14,855 (5,791)
Accounts payable and accrued liabilities (499,316) 171,772 208,444 103,104 (6,371) (5,069)
Income taxes payable, current (263,716) (91,852) (6,797) 29,441 74,993 (3,903)
Other assets (25,819) (14,441) (21,690) 7
Other liabilities 50,289 (69,927) (49,277) 124,409 (55,234) 696,108
Change in operating assets and liabilities (645,590) (883,665) (108,055) 153,422 (35,283) 696,891
Adjustments to reconcile net income to net cash provided by operations 1,503,055 1,726,841 1,344,647 787,726 890,089 946,929
Net cash provided by operating activities 4,817,634 4,475,402 2,735,069 2,008,487 2,253,100 2,442,361
Additions to property, plant and equipment, net (1,261,463) (699,308) (343,676) (165,692) (275,372) (254,876)
Cash received from acquisition of Maxim, net of cash paid 2,450,550
Other (4,922) 41,940 36,651 (14,831) (17,814) (59,122)
Net cash (used for) provided by investing activities (1,266,385) (657,368) 2,143,525 (180,523) (293,186) (313,998)
Proceeds from debt 296,130 3,939,640 395,646 1,250,000 743,778
Early termination of debt (65,688) (519,116) (3,591,982) (1,250,000)
Debt repayments (750,000) (850,000) (2,275,000)
Payments on revolver (400,000) (400,000) (350,000) (75,000)
Proceeds from revolver 400,000 400,000 350,000 75,000
Proceeds from commercial paper notes 5,287,124
Payments of commercial paper notes (4,739,900)
Payment on derivative instrument (153,161)
Prepayment for stock repurchases (500,000)
Dividend payments to shareholders (1,679,106) (1,544,552) (1,109,344) (886,155) (777,481) (703,307)
Repurchase of common stock (2,963,955) (2,577,015) (2,605,144) (244,487) (613,005) (225,977)
Proceeds from employee stock plans 118,608 33,887 63,105 68,403 116,523 99,027
Other (20,843) 19,946 (2,778) (4,015) (2,831) 3,437
Net cash used for financing activities (4,063,760) (4,290,720) (3,959,664) (1,420,608) (2,126,794) (2,358,042)
Effect of exchange rate changes on cash (34,706) 3,174 182 (1,389) (1,568)
Net increase (decrease) in cash and cash equivalents (512,511) (507,392) 922,104 407,538 (168,269) (231,247)
Cash and cash equivalents at beginning of year 1,470,572 1,977,964 1,055,860 648,322 816,591 1,047,838
Cash and cash equivalents at end of year 958,061 1,470,572 1,977,964 1,055,860 648,322 816,591

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).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Analog Devices Inc. net cash provided by operating activities increased from 2021 to 2022 and from 2022 to 2023.
Net cash (used for) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Analog Devices Inc. net cash (used for) provided by investing activities decreased from 2021 to 2022 and from 2022 to 2023.
Net cash used for financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Analog Devices Inc. net cash used for financing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.