|
Analog Devices, Fourth Quarter, Fiscal 2016 |
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|
Schedule E
|
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| Three Months Ended | Twelve Months Ended | |||||||||||||||||||
| 4Q 16 | 3Q 16 | 4Q 15 | FY 16 | FY 15 | ||||||||||||||||
|
Oct. 29,
2016 |
July 30,
2016 |
Oct. 31,
2015 |
Oct. 29,
2016 |
Oct. 31,
2015 |
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| GAAP Gross Margin | $ | 666,687 | $ | 572,290 | $ | 641,796 | $ | 2,227,173 | $ | 2,259,262 | ||||||||||
| Gross Margin Percentage | 66.4 | % | 65.8 | % | 65.6 | % | 65.1 | % | 65.8 | % | ||||||||||
| Acquisition-Related Expenses | 2,040 | 1,888 | 1,399 | 6,849 | 7,199 | |||||||||||||||
| Stock-Based Compensation Expense | — | — | — | — | 113 | |||||||||||||||
| Non-GAAP Gross Margin | $ | 668,727 | $ | 574,178 | $ | 643,195 | $ | 2,234,022 | $ | 2,266,574 | ||||||||||
| Gross Margin Percentage | 66.6 | % | 66.0 | % | 65.7 | % | 65.3 | % | 66.0 | % | ||||||||||
| GAAP Operating Expenses | $ | 309,706 | $ | 303,583 | $ | 533,166 | $ | 1,199,061 | $ | 1,428,421 | ||||||||||
| Percent of Revenue | 30.9 | % | 34.9 | % | 54.5 | % | 35.0 | % | 41.6 | % | ||||||||||
| Other Operating Expense | — | — | (223,672 | ) | — | (223,672 | ) | |||||||||||||
| Acquisition-Related Expenses | (17,999 | ) | (17,582 | ) | (17,682 | ) | (70,555 | ) | (89,738 | ) | ||||||||||
| Acquisition-Related Transaction Costs | (5,210 | ) | (8,310 | ) | — | (13,519 | ) | (10,016 | ) | |||||||||||
| Restructuring-Related Expense | — | — | — | (13,684 | ) | — | ||||||||||||||
| Stock-Based Compensation Expense | — | — | — | — | (4,164 | ) | ||||||||||||||
| Non-GAAP Operating Expenses | $ | 286,497 | $ | 277,691 | $ | 291,812 | $ | 1,101,303 | $ | 1,100,831 | ||||||||||
| Percent of Revenue | 28.5 | % | 31.9 | % | 29.8 | % | 32.2 | % | 32.0 | % | ||||||||||
| GAAP Operating Income/Margin | $ | 356,981 | $ | 268,707 | $ | 108,630 | $ | 1,028,112 | $ | 830,841 | ||||||||||
| Percent of Revenue | 35.6 | % | 30.9 | % | 11.1 | % | 30.0 | % | 24.2 | % | ||||||||||
| Other Operating Expense |
— |
— | 223,672 |
— |
223,672 | |||||||||||||||
| Acquisition-Related Expenses | 20,039 | 19,470 | 19,081 | 77,404 | 96,937 | |||||||||||||||
| Acquisition-Related Transaction Costs | 5,210 | 8,310 | — | 13,519 | 10,016 | |||||||||||||||
| Restructuring-Related Expense | — | — | — | 13,684 | — | |||||||||||||||
| Stock-Based Compensation Expense | — | — | — | — | 4,277 | |||||||||||||||
| Non-GAAP Operating Income/Margin | $ | 382,230 | $ | 296,487 | $ | 351,383 | $ | 1,132,719 | $ | 1,165,743 | ||||||||||
| Percent of Revenue | 38.1 | % | 34.1 | % | 35.9 | % | 33.1 | % | 33.9 | % | ||||||||||
| GAAP Other Expense | $ | 33,547 | $ | 12,307 | $ | 3,953 | $ | 71,191 | $ | 20,727 | ||||||||||
| Percent of Revenue | 3.3 | % | 1.4 | % | 0.4 | % | 2.1 | % | 0.6 | % | ||||||||||
| Loss on Extinguishment of Debt | — | — | — | (3,290 | ) | — | ||||||||||||||
| Amortization of Deferred Financing Costs | (13,665 | ) | — | — | (13,665 | ) | — | |||||||||||||
| Non-GAAP Other Expense | $ | 19,882 | $ | 12,307 | $ | 3,953 | $ | 54,236 | $ | 20,727 | ||||||||||
|
Percent of Revenue |
2.0 |
% |
1.4 |
% |
0.4 |
% |
1.6 |
% |
0.6 |
% |
||||||||||
|
GAAP Diluted EPS |
$ |
0.95 |
$ |
0.74 |
$ |
0.30 |
$ |
2.76 |
$ |
2.20 |
||||||||||
| Impact of Loss on Extinguishment of Debt | — | — | — | 0.01 | — | |||||||||||||||
| Other Operating Expense | — | — | 0.71 | — | 0.71 | |||||||||||||||
| Acquisition-Related Expenses | 0.06 | 0.06 | 0.06 | 0.25 | 0.31 | |||||||||||||||
| Acquisition-Related Transaction Costs | 0.02 | 0.03 | — | 0.04 | 0.03 | |||||||||||||||
| Amortization of Deferred Financing Costs | 0.04 | — | — | 0.04 | — | |||||||||||||||
| Restructuring-Related Expense | — | — | — | 0.04 | — | |||||||||||||||
| Stock-Based Compensation Expense | — | — | — | — | 0.01 | |||||||||||||||
| Income Tax Effect of Above Items | (0.02 |
) |
|
(0.01 |
) |
— | (0.06 | ) | (0.02 | ) | ||||||||||
| Acquisition-Related Tax Impact | — | — | — | — | (0.01 | ) | ||||||||||||||
| Impact of Reversal of Prior Period Tax Liabilities | — | — |
(0.04 |
) |
— | (0.04 | ) | |||||||||||||
| Impact of the Reinstatement of the R&D Tax Credit | — | — | — | (0.02 | ) | (0.02 | ) | |||||||||||||
| Non-GAAP Diluted EPS (1) | $ | 1.05 | $ | 0.82 | $ | 1.03 | $ | 3.07 | $ | 3.17 | ||||||||||
Analog Devices Reports Fourth Quarter and Fiscal Year 2016 Results
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