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<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 10-Q/A
AMENDMENT NO. 1
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended January 31, 1998
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Transition period from_______________ to ________________
Commission File No. 1-7819
Analog Devices, Inc.
(Exact name of registrant as specified in its charter)
Massachusetts 04-2348234
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
One Technology Way, Norwood, MA 02062-9106
(Address of principal executive offices) (Zip Code)
(781) 329-4700
(Registrant's telephone number, including area code)
----------------------
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. YES X NO
The number of shares outstanding of each of the issuer's classes of Common
Stock as of February 27, 1998 was 162,687,271 shares of Common Stock.
<PAGE> 2
EXPLANATORY NOTE
This Amendment No. 1 on Quarterly Report on Form 10-Q/A of Analog Devices, Inc.
amends and restates Item 6. of the Registrant's Quarterly Report on Form 10-Q
for the quarter ended January 31, 1998 (File No. 1-7819).
Item 6. Exhibits and reports on Form 8-K
(a) See Exhibit Index
(b) There were no reports on Form 8-K filed for the three months ended
January 31, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Analog Devices, Inc.
---------------------------------
(Registrant)
Date: June 11, 1998 By: /s/ Jerald G. Fishman
-----------------------------
Jerald G. Fishman
President and
Chief Executive Officer
(Principal Executive Officer)
Date: June 11, 1998 By: /s/ Joseph E. McDonough
-----------------------------
Joseph E. McDonough
Vice President-Finance
and Chief Financial Officer
(Principal Financial and
Accounting Officer)
2
<PAGE> 3
EXHIBIT INDEX
Analog Devices, Inc.
Item
27 Financial Data Schedule for the quarter ended January 31, 1998.
27.1 Restated Financial Data Schedule for the year ended October 28, 1995.
27.2 Restated Financial Data Schedule for the three months ended
February 3, 1996.
27.3 Restated Financial Data Schedule for the six months ended May 4, 1996.
27.4 Restated Financial Data Schedule for the nine months ended
August 3, 1996.
27.5 Restated Financial Data Schedule for the year ended November 2, 1996.
27.6 Restated Financial Data Schedule for the three months ended
February 1, 1997.
27.7 Restated Financial Data Schedule for the six months ended May 3, 1997.
27.8 Restated Financial Data Schedule for the nine months ended
August 2, 1997.
27.9 Restated Financial Data Schedule for the year ended November 1, 1997.
3
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-02-1997
<PERIOD-END> JAN-31-1998
<EXCHANGE-RATE> 1
<CASH> 217,198
<SECURITIES> 76,546
<RECEIVABLES> 245,738<F1>
<ALLOWANCES> 0
<INVENTORY> 241,508
<CURRENT-ASSETS> 860,575
<PP&E> 1,290,443
<DEPRECIATION> 595,922
<TOTAL-ASSETS> 1,820,126
<CURRENT-LIABILITIES> 284,177
<BONDS> 310,000
0
0
<COMMON> 27,053
<OTHER-SE> 1,106,698
<TOTAL-LIABILITY-AND-EQUITY> 1,820,126
<SALES> 330,721
<TOTAL-REVENUES> 330,721
<CGS> 162,660
<TOTAL-COSTS> 162,660
<OTHER-EXPENSES> 110,621
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 2,429
<INCOME-PRETAX> 58,207
<INCOME-TAX> 13,923
<INCOME-CONTINUING> 44,284
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 44,284
<EPS-PRIMARY> .28
<EPS-DILUTED> .26
<FN>
<F1> Asset value Represents Net Amount
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF ANALOG DEVICES, INC. FOR THE YEAR ENDED OCTOBER 28, 1995
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-28-1995
<PERIOD-START> OCT-30-1994
<PERIOD-END> OCT-28-1995
<EXCHANGE-RATE> 1
<CASH> 69,303
<SECURITIES> 81,810
<RECEIVABLES> 185,766
<ALLOWANCES> 12,738
<INVENTORY> 143,962
<CURRENT-ASSETS> 517,719
<PP&E> 856,267
<DEPRECIATION> 424,305
<TOTAL-ASSETS> 993,349
<CURRENT-LIABILITIES> 246,089
<BONDS> 80,000
0
0
<COMMON> 19,098
<OTHER-SE> 636,868
<TOTAL-LIABILITY-AND-EQUITY> 993,349
<SALES> 941,546
<TOTAL-REVENUES> 941,546
<CGS> 464,571
<TOTAL-COSTS> 464,571
<OTHER-EXPENSES> 319,208
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 4,201
<INCOME-PRETAX> 159,435
<INCOME-TAX> 40,165
<INCOME-CONTINUING> 119,270
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 119,270
<EPS-PRIMARY> 0.79
<EPS-DILUTED> 0.75
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> NOV-02-1996
<PERIOD-START> OCT-29-1995
<PERIOD-END> FEB-03-1996
<EXCHANGE-RATE> 1
<CASH> 195,549
<SECURITIES> 174,355
<RECEIVABLES> 183,890<F1>
<ALLOWANCES> 0
<INVENTORY> 157,768
<CURRENT-ASSETS> 766,188
<PP&E> 915,453
<DEPRECIATION> 438,930
<TOTAL-ASSETS> 1,302,867
<CURRENT-LIABILITIES> 250,950
<BONDS> 310,000
0
0
<COMMON> 19,165
<OTHER-SE> 681,988
<TOTAL-LIABILITY-AND-EQUITY> 1,302,867
<SALES> 280,769
<TOTAL-REVENUES> 280,769
<CGS> 138,219
<TOTAL-COSTS> 138,219
<OTHER-EXPENSES> 89,660
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1,828
<INCOME-PRETAX> 54,178
<INCOME-TAX> 14,086
<INCOME-CONTINUING> 40,092
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 40,092
<EPS-PRIMARY> .27
<EPS-DILUTED> .25
<FN>
<F1> Asset value Represents Net Amount
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-02-1996
<PERIOD-START> OCT-29-1995
<PERIOD-END> MAY-04-1996
<EXCHANGE-RATE> 1
<CASH> 224,903
<SECURITIES> 112,573
<RECEIVABLES> 203,837<F1>
<ALLOWANCES> 0
<INVENTORY> 191,475
<CURRENT-ASSETS> 787,969
<PP&E> 967,633
<DEPRECIATION> 452,225
<TOTAL-ASSETS> 1,362,712
<CURRENT-LIABILITIES> 256,614
<BONDS> 310,000
0
0
<COMMON> 19,264
<OTHER-SE> 727,879
<TOTAL-LIABILITY-AND-EQUITY> 1,362,712
<SALES> 584,097
<TOTAL-REVENUES> 584,097
<CGS> 288,581
<TOTAL-COSTS> 288,581
<OTHER-EXPENSES> 184,525
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 4,868
<INCOME-PRETAX> 113,629
<INCOME-TAX> 29,544
<INCOME-CONTINUING> 84,085
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 84,085
<EPS-PRIMARY> 0.55
<EPS-DILUTED> 0.51
<FN>
<F1> Asset value Represents Net Amount
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> NOV-02-1996
<PERIOD-START> OCT-29-1995
<PERIOD-END> AUG-03-1996
<EXCHANGE-RATE> 1
<CASH> 198,929
<SECURITIES> 82,438
<RECEIVABLES> 210,287<F1>
<ALLOWANCES> 0
<INVENTORY> 215,008
<CURRENT-ASSETS> 768,545
<PP&E> 1,017,764
<DEPRECIATION> 465,078
<TOTAL-ASSETS> 1,432,958
<CURRENT-LIABILITIES> 271,626
<BONDS> 310,000
0
0
<COMMON> 19,377
<OTHER-SE> 783,745
<TOTAL-LIABILITY-AND-EQUITY> 1,432,958
<SALES> 889,139
<TOTAL-REVENUES> 889,139
<CGS> 440,912
<TOTAL-COSTS> 440,912
<OTHER-EXPENSES> 278,656
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 8,134
<INCOME-PRETAX> 172,812
<INCOME-TAX> 44,931
<INCOME-CONTINUING> 127,881
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 127,881
<EPS-PRIMARY> 0.84
<EPS-DILUTED> 0.77
<FN>
<F1> Asset value Represents Net Amount
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-02-1996
<PERIOD-START> OCT-29-1995
<PERIOD-END> NOV-02-1996
<EXCHANGE-RATE> 1
<CASH> 210,109
<SECURITIES> 89,810
<RECEIVABLES> 249,219
<ALLOWANCES> 14,785
<INVENTORY> 218,877
<CURRENT-ASSETS> 812,837
<PP&E> 1,067,268
<DEPRECIATION> 483,946
<TOTAL-ASSETS> 1,508,272
<CURRENT-LIABILITIES> 262,823
<BONDS> 310,000
0
0
<COMMON> 26,458
<OTHER-SE> 836,377
<TOTAL-LIABILITY-AND-EQUITY> 1,508,272
<SALES> 1,193,786
<TOTAL-REVENUES> 1,193,786
<CGS> 593,033
<TOTAL-COSTS> 593,033
<OTHER-EXPENSES> 373,614
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 11,289
<INCOME-PRETAX> 230,740
<INCOME-TAX> 58,839
<INCOME-CONTINUING> 171,901
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 171,901
<EPS-PRIMARY> 1.12
<EPS-DILUTED> 1.03
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> NOV-01-1997
<PERIOD-START> NOV-03-1996
<PERIOD-END> FEB-01-1997
<EXCHANGE-RATE> 1
<CASH> 248,142
<SECURITIES> 19,682
<RECEIVABLES> 234,160<F1>
<ALLOWANCES> 0
<INVENTORY> 212,307
<CURRENT-ASSETS> 775,187
<PP&E> 1,106,062
<DEPRECIATION> 504,150
<TOTAL-ASSETS> 1,535,725
<CURRENT-LIABILITIES> 238,259
<BONDS> 310,000
0
0
<COMMON> 26,648
<OTHER-SE> 879,396
<TOTAL-LIABILITY-AND-EQUITY> 1,535,725
<SALES> 292,063
<TOTAL-REVENUES> 292,063
<CGS> 148,621
<TOTAL-COSTS> 148,621
<OTHER-EXPENSES> 90,835
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 3,780
<INCOME-PRETAX> 52,228
<INCOME-TAX> 13,048
<INCOME-CONTINUING> 39,180
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 39,180
<EPS-PRIMARY> .25
<EPS-DILUTED> .23
<FN>
<F1> Asset Valued Represents Net Amount
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-01-1997
<PERIOD-START> NOV-03-1996
<PERIOD-END> MAY-03-1997
<EXCHANGE-RATE> 1
<CASH> 234,393
<SECURITIES> 68,198
<RECEIVABLES> 233,327<F1>
<ALLOWANCES> 0
<INVENTORY> 217,779
<CURRENT-ASSETS> 824,257
<PP&E> 1,135,112
<DEPRECIATION> 525,933
<TOTAL-ASSETS> 1,603,434
<CURRENT-LIABILITIES> 263,181
<BONDS> 310,000
0
0
<COMMON> 26,715
<OTHER-SE> 921,887
<TOTAL-LIABILITY-AND-EQUITY> 1,603,434
<SALES> 592,876
<TOTAL-REVENUES> 592,876
<CGS> 299,165
<TOTAL-COSTS> 299,165
<OTHER-EXPENSES> 185,462
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 6,753
<INCOME-PRETAX> 108,396
<INCOME-TAX> 27,099
<INCOME-CONTINUING> 81,297
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 81,297
<EPS-PRIMARY> .52
<EPS-DILUTED> .48
<FN>
<F1> Asset value Represents Net Amount
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> NOV-01-1997
<PERIOD-START> NOV-03-1996
<PERIOD-END> AUG-02-1997
<EXCHANGE-RATE> 1
<CASH> 235,699
<SECURITIES> 80,770
<RECEIVABLES> 246,680<F1>
<ALLOWANCES> 0
<INVENTORY> 221,858
<CURRENT-ASSETS> 856,209
<PP&E> 1,177,690
<DEPRECIATION> 548,600
<TOTAL-ASSETS> 1,664,734
<CURRENT-LIABILITIES> 264,274
<BONDS> 310,000
0
0
<COMMON> 26,883
<OTHER-SE> 981,287
<TOTAL-LIABILITY-AND-EQUITY> 1,664,734
<SALES> 911,015
<TOTAL-REVENUES> 911,015
<CGS> 457,981
<TOTAL-COSTS> 457,981
<OTHER-EXPENSES> 284,296
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 9,703
<INCOME-PRETAX> 169,689
<INCOME-TAX> 42,422
<INCOME-CONTINUING> 127,267
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 127,267
<EPS-PRIMARY> 0.81
<EPS-DILUTED> 0.75
<FN>
<F1> Asset value Represents Net Amount
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-01-1997
<PERIOD-START> NOV-03-1996
<PERIOD-END> NOV-01-1997
<EXCHANGE-RATE> 1
<CASH> 289,601
<SECURITIES> 51,006
<RECEIVABLES> 295,893
<ALLOWANCES> 40,007
<INVENTORY> 225,966
<CURRENT-ASSETS> 895,429
<PP&E> 1,230,675
<DEPRECIATION> 569,040
<TOTAL-ASSETS> 1,763,853
<CURRENT-LIABILITIES> 274,394
<BONDS> 310,000
0
0
<COMMON> 26,991
<OTHER-SE> 1,061,139
<TOTAL-LIABILITY-AND-EQUITY> 1,763,853
<SALES> 1,243,494
<TOTAL-REVENUES> 1,243,494
<CGS> 622,317
<TOTAL-COSTS> 622,317
<OTHER-EXPENSES> 387,761
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 12,507
<INCOME-PRETAX> 235,879
<INCOME-TAX> 57,660
<INCOME-CONTINUING> 178,219
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 178,219
<EPS-PRIMARY> $1.13
<EPS-DILUTED> $1.04
</TABLE>
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