| Analog Devices, Second Quarter, Fiscal 2015 | ||||||||||||||||
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Schedule C |
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| Cash Flow Statement (Unaudited) | ||||||||||||||||
| (In thousands) | ||||||||||||||||
| Three Months Ended | ||||||||||||||||
| 2Q 15 | 1Q 15 | 2Q 14 | ||||||||||||||
|
May 2,
2015 |
Jan. 31,
2015 |
May 3,
2014 |
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| Cash flows from operating activities: | ||||||||||||||||
| Net Income | $ | 205,338 | $ | 178,757 | $ | 187,433 | ||||||||||
| Adjustments to reconcile net income | ||||||||||||||||
| to net cash provided by operations: | ||||||||||||||||
| Depreciation | 32,036 | 31,773 | 27,459 | |||||||||||||
| Amortization of intangibles | 25,154 | 24,739 | 55 | |||||||||||||
| Stock-based compensation expense | 16,101 | 20,371 | 10,542 | |||||||||||||
| Other non-cash activity | 1,832 | 3,743 | 1,400 | |||||||||||||
| Excess tax benefit - stock options | (11,142 | ) | (4,635 | ) | (4,423 | ) | ||||||||||
| Deferred income taxes | (6,481 | ) | (2,915 | ) | 1,068 | |||||||||||
| Changes in operating assets and liabilities | 81,193 | (83,180 | ) | 14,824 | ||||||||||||
| Total adjustments | 138,693 | (10,104 | ) | 50,925 | ||||||||||||
| Net cash provided by operating activities | 344,031 | 168,653 | 238,358 | |||||||||||||
| Percent of total revenue | 41.9 | % | 21.8 | % | 34.3 | % | ||||||||||
| Cash flows from investing activities: | ||||||||||||||||
| Purchases of short-term available-for-sale investments | (1,661,176 | ) | (1,211,021 | ) | (2,275,241 | ) | ||||||||||
| Maturities of short-term available-for-sale investments | 1,154,412 | 701,149 | 1,966,158 | |||||||||||||
| Sales of short-term available-for-sale investments | 291,900 | 583,750 | 189,267 | |||||||||||||
| Additions to property, plant and equipment | (49,229 | ) | (23,760 | ) | (44,058 | ) | ||||||||||
| Payments for acquisitions, net of cash acquired | - | (118 | ) | - | ||||||||||||
| Change in other assets | (4,468 | ) | (3,729 | ) | (6,076 | ) | ||||||||||
| Net cash (used for) provided by investing activities | (268,561 | ) | 46,271 | (169,950 | ) | |||||||||||
| Cash flows from financing activities: | ||||||||||||||||
| Dividend payments to shareholders | (124,882 | ) | (115,084 | ) | (115,795 | ) | ||||||||||
| Repurchase of common stock | (24,275 | ) | (59,636 | ) | (22,614 | ) | ||||||||||
| Proceeds from employee stock plans | 52,090 | 42,793 | 62,936 | |||||||||||||
| Excess tax benefit - stock options | 11,142 | 4,635 | 4,423 | |||||||||||||
| Change in other financing activities | (3,563 | ) | (3,988 | ) | (11,284 | ) | ||||||||||
| Net cash used for financing activities | (89,488 | ) | (131,280 | ) | (82,334 | ) | ||||||||||
| Effect of exchange rate changes on cash | 32 | (2,675 | ) | (511 | ) | |||||||||||
| Net (decrease) increase in cash and cash equivalents | (13,986 | ) | 80,969 | (14,437 | ) | |||||||||||
| Cash and cash equivalents at beginning of period | 650,202 | 569,233 | 417,227 | |||||||||||||
| Cash and cash equivalents at end of period | $ | 636,216 | $ | 650,202 | $ | 402,790 | ||||||||||
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Analog Devices Reports Second Quarter Fiscal Year 2015 Results
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