ANALOG DEVICES INC
For the period ended Nov 2, 2024. Filed Nov 26, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Nov 26, 2024
ADI$393.30-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| (thousands) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income | $1,635,273 | $3,314,579 | $2,748,561 |
| Adjustments to reconcile net income to net cash provided by operations: | |||
| Depreciation | 362,771 | 334,704 | 283,338 |
| Amortization of intangibles | 1,741,545 | 1,958,399 | 2,014,161 |
| Cost of goods sold for inventory acquired | — | — | 271,396 |
| Stock-based compensation expense | 262,710 | 299,823 | 323,487 |
| Non-cash impairment charge | — | — | 91,953 |
| Deferred income taxes | (367,563) | (452,946) | (326,755) |
| Other | 23,050 | 8,665 | (47,074) |
| Change in operating assets and liabilities: | |||
| Accounts receivable | 133,402 | 330,728 | (343,908) |
| Inventories | 191,170 | (242,299) | (470,725) |
| Prepaid expenses and other current assets | (53,004) | 4,543 | (64,584) |
| Accounts payable and accrued liabilities | (133,758) | (499,316) | 171,772 |
| Income taxes payable, current | 91,648 | (263,716) | (91,852) |
| Other assets | (34,521) | (25,819) | 397 |
| Other liabilities | (194) | 50,289 | (84,765) |
| Total adjustments | 2,217,256 | 1,503,055 | 1,726,841 |
| Net cash provided by operating activities | 3,852,529 | 4,817,634 | 4,475,402 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (438,901) | — | — |
| Maturities of short-term investments | 69,279 | — | — |
| Additions to property, plant and equipment, net | (730,463) | (1,261,463) | (699,308) |
| Other | (4,773) | (4,922) | 41,940 |
| Net cash used for investing activities | (1,104,858) | (1,266,385) | (657,368) |
| Cash flows from financing activities: | |||
| Proceeds from debt | 1,087,856 | — | 296,130 |
| Early termination of debt | — | (65,688) | (519,116) |
| Debt repayments | (499,966) | — | — |
| Payments on revolver | — | — | (400,000) |
| Proceeds from revolver | — | — | 400,000 |
| Proceeds from commercial paper notes | 10,184,439 | 5,287,124 | — |
| Payments of commercial paper notes | (10,183,925) | (4,739,900) | — |
| Dividend payments to shareholders | (1,795,459) | (1,679,106) | (1,544,552) |
| Repurchase of common stock | (615,590) | (2,963,955) | (2,577,015) |
| Proceeds from employee stock plans | 121,215 | 118,608 | 33,887 |
| Other | (12,960) | (20,843) | 19,946 |
| Net cash used for financing activities | (1,714,390) | (4,063,760) | (4,290,720) |
| Effect of exchange rate changes on cash | — | — | (34,706) |
| Net increase (decrease) in cash and cash equivalents | 1,033,281 | (512,511) | (507,392) |
| Cash and cash equivalents at beginning of year | 958,061 | 1,470,572 | 1,977,964 |
| Cash and cash equivalents at end of year | $1,991,342 | $958,061 | $1,470,572 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.