| Analog Devices, Third Quarter, Fiscal 2016 | ||||||||||||||
|
Schedule C |
||||||||||||||
| Cash Flow Statement (Unaudited) | ||||||||||||||
| (In thousands) | ||||||||||||||
| Three Months Ended | ||||||||||||||
| 3Q 16 | 2Q 16 | 3Q 15 | ||||||||||||
|
July 30,
2016 |
April 30,
2016 |
Aug 1,
2015 |
||||||||||||
| Cash flows from operating activities: | ||||||||||||||
| Net Income | $ | 230,430 | $ | 170,573 | $ | 216,478 | ||||||||
| Adjustments to reconcile net income | ||||||||||||||
| to net cash provided by operations: | ||||||||||||||
| Depreciation | 33,732 | 33,483 | 33,650 | |||||||||||
| Amortization of intangibles | 18,916 | 18,440 | 23,898 | |||||||||||
| Stock-based compensation expense | 16,619 | 15,959 | 16,364 | |||||||||||
| Other non-cash activity | 1,127 | 500 | 3,827 | |||||||||||
| Excess tax benefit - stock options | (2,982 | ) | (3,212 | ) | (6,373 | ) | ||||||||
| Deferred income taxes | 12,250 | 539 | (17,168 | ) | ||||||||||
| Changes in operating assets and liabilities | (56,089 | ) | 83,921 | (73,537 | ) | |||||||||
| Total adjustments | 23,573 | 149,630 | (19,339 | ) | ||||||||||
| Net cash provided by operating activities | 254,003 | 320,203 | 197,139 | |||||||||||
| Percent of revenue | 29.2 | % | 41.1 | % | 22.8 | % | ||||||||
| Cash flows from investing activities: | ||||||||||||||
| Purchases of short-term available-for-sale investments | (2,284,166 | ) | (1,939,750 | ) | (1,403,600 | ) | ||||||||
| Maturities of short-term available-for-sale investments | 2,078,716 | 1,522,688 | 1,083,474 | |||||||||||
| Sales of short-term available-for-sale investments | 139,805 | 102,316 | 215,998 | |||||||||||
| Additions to property, plant and equipment | (37,528 | ) | (25,517 | ) | (35,164 | ) | ||||||||
| Payments for acquisitions, net of cash acquired | — | (2,203 | ) | (6,947 | ) | |||||||||
| Change in other assets | (8,591 | ) | (2,746 | ) | (1,180 | ) | ||||||||
| Net cash used for investing activities | (111,764 | ) | (345,212 | ) | (147,419 | ) | ||||||||
| Cash flows from financing activities: | ||||||||||||||
| Payments for deferred financing fees | (22,208 | ) | — | — | ||||||||||
| Dividend payments to shareholders | (128,954 | ) | (129,925 | ) | (125,511 | ) | ||||||||
| Repurchase of common stock | (23,022 | ) | (213,650 | ) | (31,340 | ) | ||||||||
| Proceeds from employee stock plans | 16,633 | 16,480 | 19,988 | |||||||||||
| Excess tax benefit - stock options | 2,982 | 3,212 | 6,373 | |||||||||||
| Contingent consideration payment | — | — | (1,767 | ) | ||||||||||
| Change in other financing activities | (2,093 | ) | (2,786 | ) | 4,327 | |||||||||
| Net cash used for financing activities | (156,662 | ) | (326,669 | ) | (127,930 | ) | ||||||||
| Effect of exchange rate changes on cash | (1,569 | ) | 898 | (509 | ) | |||||||||
| Net decrease in cash and cash equivalents | (15,992 | ) | (350,780 | ) | (78,719 | ) | ||||||||
| Cash and cash equivalents at beginning of period | 1,119,662 | 1,470,442 | 636,216 | |||||||||||
| Cash and cash equivalents at end of period | $ | 1,103,670 | $ | 1,119,662 | $ | 557,497 | ||||||||
Analog Devices, Third Quarter, Fiscal 2016
