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| Analog Devices, Fourth Quarter, Fiscal 2015 | |||||||||||||||||||||||
|
Schedule A |
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| Revenue and Earnings Summary (Unaudited) | |||||||||||||||||||||||
| (In thousands, except per-share amounts) | |||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||
| 4Q 15 | 3Q 15 | 4Q 14 | FY 15 | FY 14 | |||||||||||||||||||
|
Oct. 31,
2015 |
Aug. 1,
2015 |
Nov.1,
|
Oct. 31,
2015 |
Nov. 1,
2014 |
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| Revenue | $ | 978,722 | $ | 863,365 | $ | 814,247 | $ | 3,435,092 | $ | 2,864,773 | |||||||||||||
| Year-to-year change | 20 | % | 19 | % | 20 | % | 20 | % | 9 | % | |||||||||||||
| Quarter-to-quarter change | 13 | % | 5 | % | 12 | % | |||||||||||||||||
| Cost of sales (1) | 336,926 | 294,328 | 328,210 | 1,175,830 | 1,034,585 | ||||||||||||||||||
| Gross margin | 641,796 | 569,037 | 486,037 | 2,259,262 | 1,830,188 | ||||||||||||||||||
| Gross margin percentage | 65.6 | % | 65.9 | % | 59.7 | % | 65.8 | % | 63.9 | % | |||||||||||||
| Year-to-year change (basis points) | 590 | 50 | -590 | 190 | -40 | ||||||||||||||||||
| Quarter-to-quarter change (basis points) | -30 | -50 | -570 | ||||||||||||||||||||
| Operating expenses: | |||||||||||||||||||||||
| R&D (1) | 170,736 | 160,784 | 154,797 | 637,459 | 559,686 | ||||||||||||||||||
| Selling, marketing and G&A (1) | 121,400 | 120,030 | 121,424 | 478,972 | 454,676 | ||||||||||||||||||
| Amortization of intangibles | 17,358 | 22,954 | 25,250 | 88,318 | 26,020 | ||||||||||||||||||
| Special charges | - | - | 34,637 | - | 37,322 | ||||||||||||||||||
| Other operating expense | 223,672 | - | - | 223,672 | - | ||||||||||||||||||
| Total operating expenses | 533,166 | 303,768 | 336,108 | 1,428,421 | 1,077,704 | ||||||||||||||||||
| Total operating expenses percentage | 54.5 | % | 35.2 | % | 41.3 | % | 41.6 | % | 37.6 | % | |||||||||||||
| Year-to-year change (basis points) | 1320 | -240 | 520 | 400 | 190 | ||||||||||||||||||
| Quarter-to-quarter change (basis points) | 1930 | -80 | 370 | ||||||||||||||||||||
| Operating income | 108,630 | 265,269 | 149,929 | 830,841 | 752,484 | ||||||||||||||||||
| Operating income percentage | 11.1 | % | 30.7 | % | 18.4 | % | 24.2 | % | 26.3 | % | |||||||||||||
| Year-to-year change (basis points) | -730 | 290 | -1,110 | -210 | -230 | ||||||||||||||||||
| Quarter-to-quarter change (basis points) | -1960 | 40 | -940 | ||||||||||||||||||||
| Other expense | 3,953 | 5,791 | 11,231 | 20,727 | 23,139 | ||||||||||||||||||
| Income before income tax | 104,677 | 259,478 | 138,698 | 810,114 | 729,345 | ||||||||||||||||||
| Provision for income taxes | 8,372 | 43,000 | 30,003 | 113,236 | 100,025 | ||||||||||||||||||
| Tax rate percentage | 8.0 | % | 16.6 | % | 21.6 | % | 14.0 | % | 13.7 | % | |||||||||||||
| Net income | $ | 96,305 | $ | 216,478 | $ | 108,695 | $ | 696,878 | $ | 629,320 | |||||||||||||
| Shares used for EPS - basic | 312,829 | 313,877 | 312,815 | 312,660 | 313,195 | ||||||||||||||||||
| Shares used for EPS - diluted | 316,571 | 318,187 | 316,868 | 316,872 | 318,027 | ||||||||||||||||||
| Earnings per share - basic | $ | 0.31 | $ | 0.69 | $ | 0.35 | $ | 2.23 | $ | 2.01 | |||||||||||||
| Earnings per share - diluted | $ | 0.30 | $ | 0.68 | $ | 0.34 | $ | 2.20 | $ | 1.98 | |||||||||||||
| Dividends paid per share | $ | 0.40 | $ | 0.40 | $ | 0.37 | $ | 1.57 | $ | 1.45 | |||||||||||||
| (1) Includes stock-based compensation expense as follows: | |||||||||||||||||||||||
| Cost of sales | $ | 2,188 | $ | 2,196 | $ | 2,371 | $ | 8,983 | $ | 7,069 | |||||||||||||
| R&D | $ | 6,487 | $ | 6,839 | $ | 6,155 | $ | 26,617 | $ | 20,707 | |||||||||||||
| Selling, marketing and G&A | $ | 7,408 | $ | 7,329 | $ | 6,867 | $ | 33,319 | $ | 23,036 | |||||||||||||
