Analog Devices Q2 FY24 Equity Changes Detailed

TL;DR

ADI equity accounts shifted in Q2 FY24, check the filing for specifics.

AI Summary

Analog Devices Inc. reported its second quarter results for the fiscal year 2024, ending May 4, 2024. The company's financial statements show changes in its equity accounts, including common stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income, as of February 3, 2024, and May 4, 2024. Specific dollar amounts for these changes are detailed within the filing.

Why It Matters

This filing provides insight into the company's capital structure and how it has evolved over the quarter, which can impact investor perception and financial ratios.

Risk Assessment

Risk Level: low — This filing is a routine quarterly report and does not indicate any immediate or significant new risks.

Key Numbers

• N/A — Revenue (Specific revenue figures are not the primary focus of this particular filing excerpt.)
• N/A — Net Income (Specific net income figures are not the primary focus of this particular filing excerpt.)
• N/A — Earnings Per Share (Specific EPS figures are not the primary focus of this particular filing excerpt.)

Key Players & Entities

• ANALOG DEVICES INC (company) — Filer
• 0000006281 (company) — Central Index Key
• 20240504 (date) — Period of Report
• 20240522 (date) — Filed as of Date

FAQ

Key Financial Figures

• $0.16 — hange on which registered Common Stock $0.16 2/3 par value per share ADI Nasdaq Glob

Filing Documents

• adi-20240504.htm (10-Q) — 1112KB
• a2q24exhibit311.htm (EX-31.1) — 11KB
• a2q24exhibit312.htm (EX-31.2) — 10KB
• a2q24exhibit321.htm (EX-32.1) — 5KB
• a2q24exhibit322.htm (EX-32.2) — 5KB
• 0000006281-24-000132.txt ( ) — 5616KB
• adi-20240504.xsd (EX-101.SCH) — 28KB
• adi-20240504_cal.xml (EX-101.CAL) — 59KB
• adi-20240504_def.xml (EX-101.DEF) — 129KB
• adi-20240504_lab.xml (EX-101.LAB) — 441KB
• adi-20240504_pre.xml (EX-101.PRE) — 301KB
• adi-20240504_htm.xml (XML) — 942KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Financial Statements

ITEM 1. Financial Statements ANALOG DEVICES, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (in thousands, except per share amounts) Three Months Ended Six Months Ended May 4, 2024 April 29, 2023 May 4, 2024 April 29, 2023 Revenue $ 2,159,039 $ 3,262,930 $ 4,671,743 $ 6,512,560 Cost of sales 979,004 1,118,384 2,017,767 2,243,673 Gross margin 1,180,035 2,144,546 2,653,976 4,268,887 Operating expenses: Research and development 354,862 415,754 746,289 829,849 Selling, marketing, general and administrative 244,129 324,251 534,207 650,535 Amortization of intangibles 188,944 253,021 379,276 506,163 Special charges, net 5,977 23,136 22,117 23,136 Total operating expenses 793,912 1,016,162 1,681,889 2,009,683 Operating income: 386,123 1,128,384 972,087 2,259,204 Nonoperating expense (income): Interest expense 77,103 63,252 154,244 123,705 Interest income ( 15,269 ) ( 12,575 ) ( 24,438 ) ( 23,404 ) Other, net ( 314 ) ( 10,216 ) 4,260 ( 2,493 ) Total nonoperating expense (income) 61,520 40,461 134,066 97,808 Income before income taxes 324,603 1,087,923 838,021 2,161,396 Provision for income taxes 22,361 110,267 73,052 222,266 Net income $ 302,242 $ 977,656 $ 764,969 $ 1,939,130 Shares used to compute earnings per common share – basic 496,130 504,715 495,947 505,918 Shares used to compute earnings per common share – diluted 498,533 508,725 498,637 509,955 Basic earnings per common share $ 0.61 $ 1.94 $ 1.54 $ 3.83 Diluted earnings per common share $ 0.61 $ 1.92 $ 1.53 $ 3.80 See accompanying notes. 1 ANALOG DEVICES, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (in thousands) Three Months Ended Six Months Ended May 4, 2024 April 29, 2023 May 4, 2024 April 29, 2023 Net income $ 302,242 $ 977,656 $ 764,969 $ 1,939,130 Foreign currency translation adjustments 264 ( 864 ) 649 1,635 Change in fair value of derivative instruments designated as cash flow hedges, net 1,306 ( 2,109 ) 9,326 23,358

View Full Filing

View this 10-Q filing on SEC EDGAR