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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Oct 30, 2021 10-K (Filed: Dec 3, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,390,422 | 1,220,761 | 1,363,011 |
| Adjustments to reconcile net income to net cash provided by operations: | |||
| Depreciation | 231,275 | 233,775 | 240,677 |
| Amortization of intangibles | 843,359 | 577,148 | 570,574 |
| Cost of goods sold for inventory acquired | 331,083 | 0 | 0 |
| Stock-based compensation expense | 243,611 | 149,518 | 150,300 |
| Gain on sale of property, plant and equipment | (13,557) | 0 | 0 |
| Non-cash contribution to charitable foundation | 0 | 40,000 | 0 |
| Loss on extinguishment of debt | 215,150 | 0 | 0 |
| Non-cash portion of special charges | 2,538 | 0 | 14,167 |
| Other | (15,524) | 5,418 | 40,907 |
| Deferred income taxes | (406,922) | (113,948) | (91,253) |
| Change in operating assets and liabilities: | |||
| Accounts receivable | (114,504) | (101,626) | 5,890 |
| Inventories | (65,114) | 1,760 | (42,771) |
| Prepaid expenses and other current assets | (53,326) | (3,666) | (11,797) |
| Deferred compensation plan investments | (17,639) | (3,853) | (7,301) |
| Prepaid income tax | (5,791) | 0 | 0 |
| Accounts payable and accrued liabilities | 208,444 | 103,104 | (6,371) |
| Deferred compensation plan liability | 17,638 | 3,853 | 7,308 |
| Income taxes payable, current | (6,797) | 29,441 | 74,993 |
| Other liabilities | (49,277) | (133,198) | (55,234) |
| Total adjustments | 1,344,647 | 787,726 | 890,089 |
| Net cash provided by operating activities | 2,735,069 | 2,008,487 | 2,253,100 |
| Cash flows from investing: | |||
| Proceeds from other investments | 30,125 | 0 | 0 |
| Additions to property, plant and equipment, net | (343,676) | (165,692) | (275,372) |
| Cash received from acquisition of Maxim, net of cash paid | 2,450,550 | 0 | 0 |
| Proceeds from sale of property, plant and equipment | 35,714 | 0 | 0 |
| Payments for acquisitions, net of cash acquired | (24,950) | (14,196) | (11,170) |
| Change in other assets | (4,238) | (635) | (6,644) |
| Net cash provided by (used for) investing activities | 2,143,525 | (180,523) | (293,186) |
| Cash flows from financing activities: | |||
| Proceeds from debt | 3,939,640 | 395,646 | 1,250,000 |
| Early termination of debt | (3,591,982) | 0 | (1,250,000) |
| Debt repayments | 0 | (750,000) | (850,000) |
| Payments on revolver | (400,000) | (350,000) | (75,000) |
| Proceeds from revolver | 400,000 | 350,000 | 75,000 |
| Payment on derivative instruments | (153,161) | 0 | 0 |
| Prepayment for stock repurchases | (500,000) | 0 | 0 |
| Dividend payments to shareholders | (1,109,344) | (886,155) | (777,481) |
| Repurchase of common stock | (2,605,144) | (244,487) | (613,005) |
| Proceeds from employee stock plans | 63,105 | 68,403 | 116,523 |
| Other financing activities | (2,778) | (4,015) | (2,831) |
| Net cash used for financing activities | (3,959,664) | (1,420,608) | (2,126,794) |
| Effect of exchange rate changes on cash | 3,174 | 182 | (1,389) |
| Net increase (decrease) in cash and cash equivalents | 922,104 | 407,538 | (168,269) |
| Cash and cash equivalents at beginning of year | 1,055,860 | 648,322 | |
| Cash and cash equivalents at end of year | 1,977,964 | 1,055,860 | 648,322 |
| External Links | |
| ANALOG DEVICES INC (ADI) Fiscal Year 2021 | |
| 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 |