Below are the financial statements of Analog Devices, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 9,427.16a | 12,305.54a | 12,013.95a |
| Cost of sales | -4,045.81a | -4,428.32a | -4,481.48a |
| Gross margin | 5,381.34a | 7,877.22a | 7,532.47a |
| Operating expenses | — | — | — |
| Research and development | -1,487.86a | -1,660.19a | -1,700.52a |
| Selling, marketing, general and administrative | -1,068.64a | -1,273.58a | -1,266.18a |
| Amortization of intangibles | -754.78a | -959.62a | -1,012.57a |
| Special charges, net | -37.26a | -160.71a | -274.51a |
| Total operating expenses | -3,348.55a | -4,054.11a | -4,253.77a |
| Operating income | 2,032.8a | 3,823.11a | 3,278.7a |
| Nonoperating expense (income) | — | — | — |
| Interest expense | -322.23a | -264.64a | -200.41a |
| Interest income | -78.82a | -41.29a | -6.91a |
| Other, net | 12.05a | -8.25a | -13.55a |
| Total nonoperating expense (income) | 255.46a | 215.11a | 179.95a |
| Earnings | — | — | — |
| Income before income taxes | 1,777.34a | 3,608a | 3,098.75a |
| Provision for income taxes | -142.07a | -293.42a | -350.19a |
| Net income | 1,635.27a | 3,314.58a | 2,748.56a |
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