Analog Devices (ADI) FY2010 results: revenue $2.8 billion, up 37.1% on the year
Analog Devices Inc. (ADI) reported revenue of $2.8 billion for fiscal 2010, the year ended 30 October 2010, up 37.1% on the year before. Net income was $712 million, up 187.4%, and diluted earnings per share $2.33. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2010.
Revenue
$2.8 billion
+37.1% on the year
FY2007FY2010
Operating margin
32.6%
14.1% a year earlier
FY2007FY2010
Net income
$712 million
+187.4% on the year
FY2007FY2010
Diluted EPS
$2.33
+174.1% on the year
FY2007FY2010
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2010
FY2009
FY2008
On the year
Last 8 years
Revenue
2,762
2,015
2,583
+37.1%
Cost of revenue
962
896
1,006
+7.3%
Gross profit
1,799
1,119
1,577
+60.9%
Gross margin
65.2%
55.5%
61.1%
Research and development
492
447
533
+10.1%
Selling, general and administrative
391
333
416
+17.2%
Operating income
900
285
625
+216.0%
Operating margin
32.6%
14.1%
24.2%
Interest expense
10.4
4.1
0.0
+154.7%
Pre-tax income
902
297
666
+203.1%
Income tax
190
50.0
141
+280.6%
Effective tax rate
21.1%
16.8%
21.2%
Net income
712
248
786
+187.4%
Net margin
25.8%
12.3%
30.4%
Diluted EPS
$2.33
$0.85
$2.65
+174.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2010
FY2009
FY2008
On the year
Last 8 years
Operating cash flow
991
432
669
+129.4%
Capital expenditure
112
56.1
157
+98.9%
Free cash flow
880
376
512
+133.9%
Free cash flow margin
31.9%
18.7%
19.8%
Cash from investing
-486
-535
188
Cash from financing
-72.6
146
-680
Depreciation and amortisation
121
140
153
-13.6%
Share-based compensation
51.8
48.6
50.2
+6.5%
Buybacks
39.8
3.8
570
+959.2%
Dividends paid
250
233
223
+7.3%
Dividend per share
$0.84
$0.80
$0.76
+5.0%
Diluted shares, weighted
306m
293m
297m
+4.5%
Shares outstanding at period end
299m
292m
291m
+2.3%
Balance sheet
$ million
FY2010
FY2009
FY2008
On the year
Last 8 years
Shareholders' equity
3,200
2,529
2,420
+26.5%
Debt
401
380
0.0
+5.5%
Other liabilities
728
461
671
+58.1%
Total liabilities and equity
4,329
3,369
3,091
+28.5%
Fixed assets
473
477
567
-0.8%
Goodwill
256
251
235
+1.9%
Intangible assets
1.3
6.9
12.3
-80.4%
Investments
1,619
1,178
717
+37.5%
Cash and equivalents
1,405
1,070
594
+31.3%
Receivables
387
301
315
+28.6%
Inventory
277
253
315
+9.6%
Other assets
n/a
n/a
336
Total assets
4,329
3,369
3,091
+28.5%
10-K for the year ended 30 October 2010, filed 22 November 2010: the filing.