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: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Oct 29, 2022 10-K (Filed: Nov 22, 2022) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | |
| Cash flows from operating activities: | |||
| Net income | $ 2,748,561 | 1,390,422 | 1,220,761 |
| Adjustments to reconcile net income to net cash provided by operations: | |||
| Depreciation | 283,338 | 231,275 | 233,775 |
| Amortization of intangibles | 2,014,161 | 843,359 | 577,148 |
| Cost of goods sold for inventory acquired | 271,396 | 331,083 | 0 |
| Stock-based compensation expense | 323,487 | 243,611 | 149,518 |
| Non-cash contribution to charitable foundation | 0 | 0 | 40,000 |
| Loss on extinguishment of debt | 0 | 215,150 | 0 |
| Non-cash impairment charge | 91,953 | 0 | 0 |
| Non-cash operating lease costs | (44,087) | 19,232 | (257,607) |
| Other | (2,987) | (24,086) | 5,418 |
| Deferred income taxes | (326,755) | (406,922) | (113,948) |
| Change in operating assets and liabilities: | |||
| Accounts receivable | (343,908) | (114,504) | (101,626) |
| Inventories | (470,725) | (65,114) | 1,760 |
| Prepaid expenses and other current assets | (79,439) | (53,326) | (3,666) |
| Prepaid income tax | 14,855 | (5,791) | 0 |
| Accounts payable and accrued liabilities | 171,772 | 208,444 | 103,104 |
| Income taxes payable, current | (91,852) | (6,797) | 29,441 |
| Other assets | (14,441) | (21,690) | 0 |
| Other liabilities | (69,927) | (49,277) | 124,409 |
| Total adjustments | 1,726,841 | 1,344,647 | 787,726 |
| Net cash provided by operating activities | 4,475,402 | 2,735,069 | 2,008,487 |
| Cash flows from investing activities: | |||
| Additions to property, plant and equipment, net | (699,308) | (343,676) | (165,692) |
| Cash received from acquisition of Maxim, net of cash paid | 0 | 2,450,550 | 0 |
| Other | 41,940 | 36,651 | (14,831) |
| Net cash (used for) provided by investing activities | (657,368) | 2,143,525 | (180,523) |
| Cash flows from financing activities: | |||
| Proceeds from debt | 296,130 | 3,939,640 | 395,646 |
| Early termination of debt | (519,116) | (3,591,982) | 0 |
| Debt repayments | 0 | 0 | (750,000) |
| Payments on revolver | (400,000) | (400,000) | (350,000) |
| Proceeds from revolver | 400,000 | 400,000 | 350,000 |
| Payment on derivative instrument | 0 | (153,161) | 0 |
| Prepayment for stock repurchases | 0 | (500,000) | 0 |
| Dividend payments to shareholders | (1,544,552) | (1,109,344) | (886,155) |
| Repurchase of common stock | (2,577,015) | (2,605,144) | (244,487) |
| Proceeds from employee stock plans | 33,887 | 63,105 | 68,403 |
| Other | 19,946 | (2,778) | (4,015) |
| Net cash used for financing activities | (4,290,720) | (3,959,664) | (1,420,608) |
| Effect of exchange rate changes on cash | (34,706) | 3,174 | 182 |
| Net (decrease) increase in cash and cash equivalents | (507,392) | 922,104 | 407,538 |
| Cash and cash equivalents at beginning of year | 1,977,964 | 1,055,860 | |
| Cash and cash equivalents at end of year | 1,470,572 | 1,977,964 | 1,055,860 |
| External Links | |
| ANALOG DEVICES INC (ADI) Fiscal Year 2022 | |
| 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 |