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Analog Devices, Second Quarter, Fiscal 2016 |
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Schedule E |
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Reconciliation from GAAP to Non-GAAP Revenue and Earnings Measures (In thousands, except per-share amounts) |
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(Unaudited) |
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See "Non-GAAP Financial Information" in this press release for a description of the items excluded from our non-GAAP measures. |
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| Three Months Ended | |||||||||||||||||||||
| 2Q 16 | 1Q 16 | 2Q 15 | |||||||||||||||||||
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April 30,
2016 |
Jan. 30,
2016 |
May 2,
2015 |
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| GAAP Gross Margin | $ | 510,903 | $ | 477,293 | $ | 544,822 | |||||||||||||||
| Gross Margin Percentage | 65.6 | % | 62.0 | % | 66.4 | % | |||||||||||||||
| Acquisition-Related Expenses | 1,476 | 1,445 | 1,520 | ||||||||||||||||||
| Non-GAAP Gross Margin | $ | 512,379 | $ | 478,738 | $ | 546,342 | |||||||||||||||
| Gross Margin Percentage | 65.8 | % | 62.2 | % | 66.5 | % | |||||||||||||||
| GAAP Operating Expenses | $ | 303,524 | $ | 282,248 | $ | 295,814 | |||||||||||||||
| Percent of Revenue | 39.0 | % | 36.7 | % | 36.0 | % | |||||||||||||||
| Acquisition-Related Expenses | (17,517 | ) | (17,457 | ) | (24,435 | ) | |||||||||||||||
| Acquisition-Related Transaction Costs | — | — | (1,820 | ) | |||||||||||||||||
| Restructuring-Related Expense | (13,684 | ) | — | — | |||||||||||||||||
| Non-GAAP Operating Expenses | $ | 272,323 | $ | 264,791 | $ | 269,559 | |||||||||||||||
| Percent of Revenue | 35.0 | % | 34.4 | % | 32.8 | % | |||||||||||||||
| GAAP Operating Income/Margin | $ | 207,379 | $ | 195,045 | $ | 249,008 | |||||||||||||||
| Percent of Revenue | 26.6 | % | 25.3 | % | 30.3 | % | |||||||||||||||
| Acquisition-Related Expenses | 18,993 | 18,902 | 25,955 | ||||||||||||||||||
| Acquisition-Related Transaction Costs | — | — | 1,820 | ||||||||||||||||||
| Restructuring-Related Expense | 13,684 | — | — | ||||||||||||||||||
| Non-GAAP Operating Income/Margin | $ | 240,056 | $ | 213,947 | $ | 276,783 | |||||||||||||||
| Percent of Revenue | 30.8 | % | 27.8 | % | 33.7 | % | |||||||||||||||
| GAAP Other Expense (Income) | $ | 12,469 | $ | 12,868 | $ | 3,819 | |||||||||||||||
| Percent of Revenue | 1.6 | % | 1.7 | % | 0.5 | % | |||||||||||||||
| Loss on Extinguishment of Debt | — | (3,289 | ) | — | |||||||||||||||||
| Non-GAAP Other Expense | $ | 12,469 | $ | 9,579 | $ | 3,819 | |||||||||||||||
| Percent of Revenue | 1.6 | % | 1.2 | % | 0.5 | % | |||||||||||||||
| GAAP Diluted EPS | $ | 0.55 | $ | 0.52 | $ | 0.65 | |||||||||||||||
| Acquisition-Related Expenses | 0.06 | 0.06 | 0.08 | ||||||||||||||||||
| Acquisition-Related Transaction Costs | — | — | 0.01 | ||||||||||||||||||
| Acquisition-Related Tax Impact | — | — | (0.01 | ) | |||||||||||||||||
| Restructuring-Related Expense | 0.04 | — | — | ||||||||||||||||||
| Loss on Extinguishment of Debt | — | 0.01 | — | ||||||||||||||||||
| Impact of the Reinstatement of the R&D Tax Credit | — | (0.02 | ) | — | |||||||||||||||||
| Non-GAAP Diluted EPS (1) | $ | 0.64 | $ | 0.56 | $ | 0.73 | |||||||||||||||
Analog Devices Reports Second Quarter 2016 Results
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