10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ANALOG DEVICES INC | |||
Ticker: ADI Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Oct 31, 2020 10-K (Filed: Nov 24, 2020) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2020 | Nov 2, 2019 | Nov 3, 2018 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,220,761 | 1,363,011 | 1,506,980 |
| Adjustments to reconcile net income to net cash provided by operations: | |||
| Depreciation | 233,775 | 240,677 | 228,525 |
| Amortization of intangibles | 577,148 | 570,574 | 570,538 |
| Stock-based compensation expense | 149,518 | 150,300 | 151,165 |
| Non-cash impairment included in special charges | 0 | 14,167 | 0 |
| Other non-cash activity | 5,418 | 40,907 | 36,569 |
| Non-cash contribution to charitable foundation | 40,000 | 0 | 0 |
| Deferred income taxes | (113,948) | (91,253) | (730,376) |
| Change in operating assets and liabilities: | |||
| Accounts receivable | (101,626) | 5,890 | 45,979 |
| Inventories | 1,760 | (42,771) | (34,636) |
| Prepaid expenses and other current assets | (3,666) | (11,797) | (1,588) |
| Deferred compensation plan investments | (3,853) | (7,301) | (7,484) |
| Accounts payable and accrued liabilities | 103,104 | (6,371) | (18,397) |
| Deferred compensation plan liability | 3,853 | 7,308 | 7,484 |
| Income taxes payable, current | 29,441 | 74,993 | (8,506) |
| Other liabilities | (133,198) | (55,234) | 696,108 |
| Total adjustments | 787,726 | 890,089 | 935,381 |
| Net cash provided by operating activities | 2,008,487 | 2,253,100 | 2,442,361 |
| Cash flows from investing: | |||
| Additions to property, plant and equipment, net | (165,692) | (275,372) | (254,876) |
| Payments for acquisitions, net of cash acquired | (14,196) | (11,170) | (52,839) |
| Change in other assets | (635) | (6,644) | (6,283) |
| Net cash used for investing activities | (180,523) | (293,186) | (313,998) |
| Cash flows from financing activities: | |||
| Proceeds from debt | 395,646 | 1,250,000 | 743,778 |
| Early termination of debt | 0 | (1,250,000) | 0 |
| Debt repayments | (750,000) | (850,000) | (2,275,000) |
| Payments on revolver | (350,000) | (75,000) | 0 |
| Proceeds from revolver | 350,000 | 75,000 | 0 |
| Dividend payments to shareholders | (886,155) | (777,481) | (703,307) |
| Repurchase of common stock | (244,487) | (613,005) | (225,977) |
| Proceeds from employee stock plans | 68,403 | 116,523 | 99,027 |
| Change in other financing activities | (4,015) | (2,831) | 3,437 |
| Net cash used for financing activities | (1,420,608) | (2,126,794) | (2,358,042) |
| Effect of exchange rate changes on cash | 182 | (1,389) | (1,568) [1] |
| Net (decrease) increase in cash and cash equivalents | 407,538 | (168,269) | (231,247) |
| Cash and cash equivalents at beginning of year | 648,322 | 816,591 | |
| Cash and cash equivalents at end of year | 1,055,860 | 648,322 | 816,591 |
| [1] Balances have been restated to reflect the adoption of Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). See Note 2a, Principles of Consolidation, of the Notes to Consolidated Financial Statements. | |||
| External Links | |
| ANALOG DEVICES INC (ADI) Fiscal Year 2020 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |