Analog Devices Reports Fourth Quarter and Fiscal Year 2016 Results

Important Additional Information Will Be Filed With The SEC
In connection with the proposed transaction, Analog Devices and Linear Technology have filed and will file relevant information with the SEC, including a registration statement of Analog Devices on Form S-4 (the “registration statement”) that includes a prospectus of Analog Devices and a proxy statement of Linear Technology (the “proxy statement/prospectus”). INVESTORS AND SECURITY HOLDERS OF LINEAR TECHNOLOGY ARE URGED TO CAREFULLY READ THE ENTIRE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT ANALOG DEVICES, LINEAR TECHNOLOGY AND THE PROPOSED TRANSACTION. A definitive proxy statement/prospectus has been sent to Linear Technology’s shareholders. The registration statement, proxy statement/prospectus and other documents filed by Analog Devices with the SEC may be obtained free of charge at Analog Devices’ website at www.analog.com or at the SEC’s website at www.sec.gov. These documents may also be obtained free of charge from Analog Devices by requesting them by mail at Analog Devices, Inc., One Technology Way, P.O. Box 9106, Norwood, MA 02062-9106, Attention: Investor Relations, or by telephone at (781) 461-3282. The documents filed by Linear Technology with the SEC may be obtained free of charge at Linear Technology’s website at www.linear.com or at the SEC’s website at www.sec.gov. These documents may also be obtained free of charge from Linear Technology by requesting them by mail at Linear Technology Corporation, 1630 McCarthy Blvd., Milpitas, CA, 95035-7417, Attention: Investor Relations, or by telephone at (408) 432-2407.

Non-Solicitation
This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Analog Devices and the Analog Devices logo are registered trademarks or trademarks of Analog Devices, Inc. All other trademarks mentioned in this document are the property of their respective owners.

       

Analog Devices, Fourth Quarter, Fiscal 2016

 

Schedule A

Revenue and Earnings Summary (Unaudited)

(In thousands, except per-share amounts)

   
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
Revenue $ 1,003,623 $ 869,591 $ 978,722 $ 3,421,409 $ 3,435,092
Year-to-year change 3 % 1 % 20 % % 20 %
Quarter-to-quarter change 15 % 12 % 13 %
Cost of sales (1)     336,936       297,301       336,926   1,194,236       1,175,830  
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 %
Year-to-year change (basis points) 80 (10 ) 590 (70 ) 190
Quarter-to-quarter change (basis points)     60       20       (30 )        
Operating expenses:
R&D (1) 172,926 163,227 170,736 653,816 637,459
Selling, marketing and G&A (1) 118,881 122,909 121,400 461,438 478,972
Amortization of intangibles 17,899 17,447 17,358 70,123 88,318
Special charges 13,684
Other operating expense                 223,672         223,672  
Total operating expenses 309,706 303,583 533,166 1,199,061 1,428,421
Total operating expenses percentage 30.9 % 34.9 % 54.5 % 35.0 % 41.6 %
Year-to-year change (basis points) (2,360 ) (30 ) 1,320 (660 ) 400
Quarter-to-quarter change (basis points)     (400 )     (410 )     1,930          
Operating income 356,981 268,707 108,630 1,028,112 830,841
Operating income percentage 35.6 % 30.9 % 11.1 % 30.0 % 24.2 %
Year-to-year change (basis points) 2,450 20 (730 ) 580 (210 )
Quarter-to-quarter change (basis points)     470       430       (1,960 )        
Other expense     33,547       12,307       3,953   71,191       20,727  
Income before income tax 323,434 256,400 104,677 956,921 810,114
Provision for income taxes 27,277 25,970 8,372 95,257 113,236
Tax rate percentage     8.4 %     10.1 %     8.0 % 10.0 %     14.0 %
Net income     $ 296,157       $ 230,430       $ 96,305   $ 861,664       $ 696,878  
 
Shares used for EPS - basic 307,854 307,135 312,829 308,736 312,660
Shares used for EPS - diluted 311,633 310,558 316,571 312,308 316,872
 
Earnings per share - basic $ 0.96 $ 0.75 $ 0.31 $ 2.79 $ 2.23
Earnings per share - diluted $ 0.95 $ 0.74 $ 0.30 $ 2.76 $ 2.20
 
Dividends paid per share     $ 0.42       $ 0.42       $ 0.40   $ 1.66       $ 1.57  
 
(1) Includes stock-based compensation expense as follows:
Cost of sales $ 1,886 $ 1,844 $ 2,188 $ 7,808 $ 8,983
R&D $ 7,007 $ 6,682 $ 6,487 $ 27,039 $ 26,617
Selling, marketing and G&A $ 6,341 $ 8,093 $ 7,408 $ 28,574 $ 33,319
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Jobs
Senior and (less) Senior Design Verification Engineers for EDA Careers at San Jose and Austin, California
Senior Account Managers… FORMAL VERIFICATION...VALLEY for EDA Careers at San Jose, California
Senior Software Engineer for EDA Careers at San Jose, California
Upcoming Events
Linley Spring Processor Conference at Virtual Event CA - Apr 6 - 9, 2020
Embedded Vision Summit 2020 at Santa Clara Convention Center Santa Clara CA - May 18 - 21, 2020
Sensors Expo & Conference at McEnery Convention Center 150 W. San Carlos Street SAN JOSE CA - Jun 22 - 24, 2020
Nanotech 2020 Conference and Expo at National Harbor MD - Jun 29 - 1, 2020



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise