On Nov. 14, semiconductor firm Analog Devices (NYSE:ADI) released fourth-quarter earnings for the period ended Oct. 28.

  • Revenues increased 3.6% to $644.3 million, driven by strong sales of digital cameras, home entertainment systems, and new video-game consoles.
  • Net profit rose 102.5% to $138.4 million, helped by an income tax benefit.
  • Analog Devices' cash from operations, however, dropped 17%.
  • During the fourth quarter, the company repurchased about 11.9 million common shares for $357 million.
  • Management is expecting revenues of $670 million to $705 million for the first quarter of fiscal 2007 and EPS of $0.36 to $0.42.
  • The stock carries a three-star rating in Motley Fool CAPS. Rate it yourself!

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$644.3

$622.1

3.6%

Net Profit

$138.4

$68.3

102.5%

EPS

$0.39

$0.18

116.7%

Diluted Shares

357.2

380.6

(6.2%)



Get back to basics with a look at the income statement.

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin

58.1%

58.3%

(0.2)

Operating Margin

18.5%

19.7%

(1.2)

Net Margin

21.5%

11.0%

10.5

*Expressed in percentage points

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$2,128.3

$2,705.9

(21.3%)

Accounts Rec.

$329.3

$320.5

2.7%

Inventory

$378.7

$325.6

16.3%


Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable

No data

No data

No data

Long-Term Debt

No data

No data

No data



Learn the ways of the balance sheet.

Cash Flow Highlights

Q4 2006

Q4 2005

Change

Cash From Ops.

$166.7

$200.3

(16.8%)

Capital Expenditures

$41.8

$21.0

98.7%

Free Cash Flow

$125.0

$179.3

(30.3%)



Find out why Fools always follow the money.

Related Companies:

  • Texas Instruments (NYSE:TXN)
  • Maxim Integrated Products (NASDAQ:MXIM)
  • Advanced Micro Devices (NYSE:AMD)
  • National Semiconductor (NYSE:NSM)

Related Foolishness:

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