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About Analog Devices
Analog Devices designs and manufactures semiconductor products and solutions. We enable our customers to interpret the world around us by intelligently bridging the physical and digital with unmatched technologies that sense, measure and connect. Visit http://www.analog.com
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| Analog Devices, Third Quarter, Fiscal 2015 | |||||||||
|
Schedule A |
|||||||||
| Revenue and Earnings Summary (Unaudited) | |||||||||
| (In thousands, except per-share amounts) | |||||||||
| Three Months Ended | |||||||||
| 3Q 15 | 2Q 15 | 3Q 14 | |||||||
|
Aug. 1,
2015 |
May 2,
2015 |
Aug. 2,
2014 |
|||||||
| Revenue | $ | 863,365 | $ | 821,019 | $ | 727,752 | |||
| Year-to-year change | 19% | 18% | 8% | ||||||
| Quarter-to-quarter change | 5% | 6% | 5% | ||||||
| Cost of sales (1) | 294,328 | 276,197 | 251,462 | ||||||
| Gross margin | 569,037 | 544,822 | 476,290 | ||||||
| Gross margin percentage | 65.9% | 66.4% | 65.4% | ||||||
| Year-to-year change (basis points) | 50 | 30 | 90 | ||||||
| Quarter-to-quarter change (basis points) | -50 | 120 | -70 | ||||||
| Operating expenses: | |||||||||
| R&D (1) | 160,784 | 154,233 | 140,095 | ||||||
| Selling, marketing and G&A (1) | 120,030 | 117,371 | 132,989 | ||||||
| Amortization of intangibles | 22,954 | 24,210 | 660 | ||||||
| Total operating expenses | 303,768 | 295,814 | 273,744 | ||||||
| Total operating expenses percentage | 35.2% | 36.0% | 37.6% | ||||||
| Year-to-year change (basis points) | -240 | 170 | 400 | ||||||
| Quarter-to-quarter change (basis points) | -80 | -230 | 330 | ||||||
| Operating income | 265,269 | 249,008 | 202,546 | ||||||
| Operating income percentage | 30.7% | 30.3% | 27.8% | ||||||
| Year-to-year change (basis points) | 290 | -140 | -310 | ||||||
| Quarter-to-quarter change (basis points) | 40 | 340 | -390 | ||||||
| Other expense | 5,791 | 3,819 | 5,158 | ||||||
| Income before income tax | 259,478 | 245,189 | 197,388 | ||||||
| Provision for income taxes | 43,000 | 39,851 | 16,782 | ||||||
| Tax rate percentage | 16.6% | 16.3% | 8.5% | ||||||
| Net income | $ | 216,478 | $ | 205,338 | $ | 180,606 | |||
| Shares used for EPS - basic | 313,877 | 312,660 | 314,190 | ||||||
| Shares used for EPS - diluted | 318,187 | 317,047 | 318,876 | ||||||
| Earnings per share - basic | $ | 0.69 | $ | 0.66 | $ | 0.57 | |||
| Earnings per share - diluted | $ | 0.68 | $ | 0.65 | $ | 0.57 | |||
| Dividends paid per share | $ | 0.40 | $ | 0.40 | $ | 0.37 | |||
| (1) Includes stock-based compensation expense as follows: | |||||||||
| Cost of sales | $ | 2,196 | $ | 2,207 | $ | 1,724 | |||
| R&D | $ | 6,839 | $ | 6,416 | $ | 5,415 | |||
| Selling, marketing and G&A | $ | 7,329 | $ | 7,478 | $ | 6,331 | |||
