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 |
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%) |
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Related Companies:
- Texas Instruments (NYSE:TXN)
- Maxim Integrated Products (NASDAQ:MXIM)
- Advanced Micro Devices (NYSE:AMD)
- National Semiconductor (NYSE:NSM)
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