Analog Devices (ADI) FY2021 results: revenue $7.3 billion, up 30.6% on the year
Analog Devices Inc. (ADI) reported revenue of $7.3 billion for fiscal 2021, the year ended 30 October 2021, up 30.6% on the year before. Net income was $1.4 billion, up 13.9%, and diluted earnings per share $3.46. The figures are the company's own, from the 10-K it filed with the SEC on 3 December 2021.
Revenue
$7.3 billion
+30.6% on the year
FY2014FY2021
Operating margin
23.1%
26.7% a year earlier
FY2014FY2021
Net income
$1.4 billion
+13.9% on the year
FY2014FY2021
Diluted EPS
$3.46
+5.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,735
2,008
2,253
+36.2%
Capital expenditure
344
166
275
+107.4%
Free cash flow
2,391
1,843
1,978
+29.8%
Free cash flow margin
32.7%
32.9%
33.0%
Cash from investing
2,144
-181
-293
Cash from financing
-3,960
-1,421
-2,127
Depreciation and amortisation
1,075
811
811
+32.5%
Share-based compensation
244
150
150
+62.9%
Buybacks
2,605
244
613
+965.6%
Dividends paid
1,109
886
777
+25.2%
Dividend per share
$2.69
$2.40
$2.10
+12.1%
Diluted shares, weighted
401m
372m
373m
+7.9%
Shares outstanding at period end
525m
369m
368m
+42.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
37,993
11,998
11,709
+216.7%
Debt
6,777
5,145
5,492
+31.7%
Operating lease liabilities
296
288
n/a
+2.5%
Other liabilities
7,257
4,037
4,192
+79.8%
Total liabilities and equity
52,322
21,469
21,393
+143.7%
Fixed assets
1,979
1,121
1,220
+76.6%
Goodwill
26,918
12,278
12,257
+119.2%
Intangible assets
15,267
3,650
4,217
+318.2%
Investments
128
86.7
77.3
+47.4%
Cash and equivalents
1,978
1,056
648
+87.3%
Receivables
1,459
738
635
+97.8%
Inventory
1,201
608
610
+97.4%
Other assets
3,392
1,931
1,728
+75.7%
Total assets
52,322
21,469
21,393
+143.7%
10-K for the year ended 30 October 2021, filed 3 December 2021: the filing.