Analog Devices (ADI) FY2016 results: revenue $3.4 billion, down 0.4% on the year
Analog Devices Inc. (ADI) reported revenue of $3.4 billion for fiscal 2016, the year ended 29 October 2016, down 0.4% on the year before. Net income was $862 million, up 23.6%, and diluted earnings per share $2.76. The figures are the company's own, from the 10-K it filed with the SEC on 27 November 2018.
Revenue
$3.4 billion
-0.4% on the year
FY2009FY2016
Operating margin
30.0%
24.2% a year earlier
FY2009FY2016
Net income
$862 million
+23.6% on the year
FY2009FY2016
Diluted EPS
$2.76
+25.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,421
3,435
2,865
-0.4%
Cost of revenue
1,194
1,176
1,035
+1.6%
Gross profit
2,227
2,259
1,830
-1.4%
Gross margin
65.1%
65.8%
63.9%
Research and development
654
637
560
+2.6%
Selling, general and administrative
461
479
455
-3.7%
Operating income
1,028
831
752
+23.7%
Operating margin
30.0%
24.2%
26.3%
Interest expense
88.8
27.0
34.8
+228.4%
Pre-tax income
957
810
729
+18.1%
Income tax
95.3
113
100
-15.9%
Effective tax rate
10.0%
14.0%
13.7%
Net income
862
697
629
+23.6%
Net margin
25.2%
20.3%
22.0%
Diluted EPS
$2.76
$2.20
$1.98
+25.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,291
908
872
+42.3%
Capital expenditure
127
154
178
-17.3%
Free cash flow
1,164
754
694
+54.4%
Free cash flow margin
34.0%
21.9%
24.2%
Cash from investing
-1,218
-17.1
-115
Cash from financing
-33.4
-572
-577
Depreciation and amortisation
210
222
142
-5.6%
Share-based compensation
63.4
68.9
50.8
-8.0%
Buybacks
370
227
356
+63.1%
Dividends paid
513
491
454
+4.5%
Dividend per share
$1.66
$1.57
$1.45
+5.7%
Diluted shares, weighted
312m
317m
318m
-1.4%
Shares outstanding at period end
308m
312m
311m
-1.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
5,166
5,073
4,758
+1.8%
Debt
1,732
870
873
+99.1%
Other liabilities
1,072
1,119
1,229
-4.2%
Total liabilities and equity
7,970
7,062
6,860
+12.9%
Fixed assets
636
644
622
-1.2%
Goodwill
1,679
1,637
1,642
+2.6%
Intangible assets
549
584
671
-5.9%
Investments
3,157
2,162
2,311
+46.0%
Cash and equivalents
921
884
569
+4.2%
Receivables
478
467
397
+2.4%
Inventory
377
412
368
-8.7%
Other assets
174
273
279
-36.3%
Total assets
7,970
7,062
6,860
+12.9%
10-K for the year ended 29 October 2016, filed 27 November 2018: the filing.