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Analog Devices cash flow statement

In fiscal 2025, Analog Devices's operations generated $4.81bn of cash; it spent $534m on capital projects, leaving free cash flow of $4.28bn. It returned $1.92bn in dividends and $2.16bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Oct 20092010Oct 20102011Oct 20112012Nov 20122013Nov 20132014Nov 20142015Oct 20152016Oct 20162017Oct 20172018Nov 20182019Nov 20192020Oct 20202021Oct 20212022Oct 20222023Oct 20232024Nov 20242025Nov 2025LTMAug 2026
Cash from operations4329919018159128729081,2911,1542,4422,2532,0082,7354,4754,8183,8534,8125,545
Depreciation and amortisation132116117110110114130135195229241234231283335363407421
Stock-based pay4952525457516963104151150150244323300263322350
Capital spending561121231321231781541272042552751663446991,261730534608
Free cash flow3768807786827896947541,1649502,1871,9781,8432,3913,7763,5563,1224,2794,937
Free cash flow after stock pay3278287256297326436851,1018462,0361,8271,6932,1483,4533,2562,8593,9574,587
Dividends paid2332502823454064544915136027037778861,1091,5451,6791,7951,9242,043
Share buybacks44033016161356227370472266132442,6052,5772,9646162,1653,127

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Analog Devices's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Analog Devices.