Analog Devices, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.27B | $1.64B | $3.31B | $2.75B | $1.39B | $1.22B | $1.36B | $1.51B |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $406.8M | $362.8M | $334.7M | $283.3M | $231.3M | $233.8M | $240.7M | $228.5M |
| Amortization | $1.59B | $1.74B | $1.96B | $2.01B | $843.4M | $577.1M | $570.6M | $570.5M |
| Stock-Based Compensation | $321.6M | $262.7M | $299.8M | $323.5M | $243.6M | $149.5M | $150.3M | $151.2M |
| Net Cash from Operating Activities | $4.81B | $3.85B | $4.82B | $4.48B | $2.74B | $2.01B | $2.25B | $2.44B |
| Investing Activities | ||||||||
| Capital Expenditures | $533.6M | $730.5M | $1.26B | $699.3M | $343.7M | $165.7M | $275.4M | $254.9M |
| Business Acquisitions | $45.7M | $0 | $0 | $0 | $-2.45B | $0 | $11.2M | $52.8M |
| Net Cash from Investing Activities | $-1.32B | $-1.10B | $-1.27B | $-657.4M | $2.14B | $-180.5M | $-293.2M | $-314.0M |
| Financing Activities | ||||||||
| Dividends Paid | $1.92B | $1.80B | $1.68B | $1.54B | $1.11B | $886.2M | $777.5M | $703.3M |
| Stock Repurchases | $2.16B | $615.6M | $2.96B | $2.58B | $2.61B | $244.5M | $613.0M | $226.0M |
| Net Cash from Financing Activities | $-2.98B | $-1.71B | $-4.06B | $-4.29B | $-3.96B | $-1.42B | $-2.13B | $-2.36B |
| Net Change in Cash | $508.1M | $1.03B | $-512.5M | $-507.4M | $922.1M | $407.5M | $-168.3M | $-231.2M |
| Free Cash Flow | $4.28B | $3.12B | $3.56B | $3.78B | $2.39B | $1.84B | $1.98B | $2.19B |