Early termination of debt

  
  
ANALOG DEVICES, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(in thousands)

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|    | Three Months Ended |
|   | January 29, 2022 |  | January 30, 2021 |
| Cash flows from operating activities: |  |  |  |
| Net income | $ | 280,077  |  |  | $ | 388,519  |  |
| Adjustments to reconcile net income to net cash provided by operations: |  |  |  |
| Depreciation | 65,165  |  |  | 56,309  |  |
| Amortization of intangibles | 504,645  |  |  | 145,044  |  |
|  |  |  |  |
| Stock-based compensation expense | 86,939  |  |  | 36,638  |  |
|  |  |  |  |
|  |  |  |  |
| Cost of goods sold for inventory acquired | 271,396  |  |  | —  |  |
| Deferred income taxes | (34,651) |  |  | (27,275) |  |
|  |  |  |  |
| Other | (1,748) |  |  | (14,553) |  |
| Changes in operating assets and liabilities | (315,410) |  |  | (156,741) |  |
| Total adjustments | 576,336  |  |  | 39,422  |  |
| Net cash provided by operating activities | 856,413  |  |  | 427,941  |  |
| Cash flows from investing activities: |  |  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| Additions to property, plant and equipment | (111,133) |  |  | (67,388) |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| Other | 7,824  |  |  | (7,683) |  |
| Net cash used for investing activities | (103,309) |  |  | (75,071) |  |
| Cash flows from financing activities: |  |  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| Early termination of debt | (519,116) |  |  | —  |  |
| Dividend payments to shareholders | (362,645) |  |  | (229,179) |  |
| Repurchase of common stock | (76,019) |  |  | (157,057) |  |
| Proceeds from employee stock plans | 8,471  |  |  | 19,920  |  |
|  |  |  |  |
| Other | 12,041  |  |  | 2,493  |  |
| Net cash used for financing activities | (937,268) |  |  | (363,823) |  |
| Effect of exchange rate changes on cash | (3,401) |  |  | 3,156  |  |
| Net decrease in cash and cash equivalents | (187,565) |  |  | (7,797) |  |
| Cash and cash equivalents at beginning of period | 1,977,964  |  |  | 1,055,860  |  |
| Cash and cash equivalents at end of period | $ | 1,790,399  |  |  | $ | 1,048,063  |  |

  
See accompanying notes.5
