On the Record · Maxim Integrated Products
Maxim Integrated Products acquisitions, on the record
The businesses Maxim Integrated Products bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
semiconductor wafer fabrication facility in San Antonio, Texas, sold to TowerJazz Texas, Inc. (formerly known as TJ Texas, Inc.)Word for word“For example, in connection with the sale of our semiconductor wafer fabrication facility in San Antonio, Texas to TowerJazz Texas, Inc. (formerly known as TJ Texas, Inc.) ("TowerJazz"), an indirect 10 wholly-owned subsidiary of Tower Semiconductor Ltd.” 10-K for 2019 | divestiture | — | — |
micro-electromechanical systems (MEMS) business lineWord for word“In fiscal year 2018 the percentage of pre-tax income from our foreign operations increased, which was primarily due a fiscal year 2017 gain from the sale of the Company's micro-electromechanical systems (MEMS) business line that increased domestic pre-tax income.” 10-K for 2019 | divestiture | fiscal year 2017 | — |
sale of business (unnamed)Word for word“Proceeds from sale of business — — 42,199 Payment in connection with business acquisition, net of cash acquired (2,949 ) (57,773 ) — Purchases of available-for-sale securities (214,587 ) (1,447,354 ) (450,135 ) Purchases of privately-held companies' securities (3,176 ) (5,520 ) (2,825 ) Other investing activities (600 ) — — Net cash provided by (used in) investing activities 856,911 (710,066 ) (325,396 ) Cash flows from financing activities Contingent consideration paid (9,052 ) — — Repayment of notes payable (500,000 ) — (250,000 ) Issuance of debt — — 500,000 Debt issuance cost — — (3,688 ) Net issuance of restricted stock units (29,689 ) (30,310 ) (25,183 ) Proceeds from stock options exercised 24,400 28,009 63,003 Issuance of common stock under employee stock purchase program 40,175 36,321 34,269 Repurchase of common stock (539,151 ) (407,968 ) (251,799 ) Dividends paid (505,576 ) (438,087 ) (373,971 ) Net cash used in financing activities (1,518,893 ) (812,035 ) (307,369 ) Net increase (decrease) in cash and cash equivalents 213,858 (702,637 ) 140,892 Cash and cash equivalents: Beginning of year 1,543,484 2,246,121 2,105,229 End of year $ 1,757,342 $ 1,543,484 $ 2,246,121 Supplemental disclosures of cash flow information: Cash paid, net, for income taxes $ 98,104 $ 189,100 $ 76,243 Cash paid for interest $ 40,376 $ 46,625 $ 29,375 Noncash financing and investing activities: Accounts payable related to property, plant and equipment purchases $ 12,090 $ 8,833 $ 3,853 See accompanying Notes to Consolidated Financial Statements.” 10-K for 2019 | divestiture | — | — |
privately-held corporation specializing in the development of high performance USB and video extension technologyWord for word“On January 26, 2018, the Company acquired a privately-held corporation specializing in the development of high performance USB and video extension technology.” 10-K for 2019 | acquisition | On January 26, 2018 | — |
Analog Devices, Inc.Word for word“The ADI Merger has been approved by both the Company’s Board of Directors and the Board of Directors of Analog Devices.” 10-K for 2020 | merger | — | — |
privately-held corporation specializing in motor and motion control technologyWord for word“The aggregate purchase price of $ 87.0 million included cash consideration of $ 72.8 million and contingent consideration with an estimated fair value of $ 14.2 million .” 10-K for 2020 | acquisition | — | $ 87.0 million |
semiconductor wafer fabrication facility in San Antonio, TexasWord for word“For example, in connection with the sale of our semiconductor wafer fabrication facility in San Antonio, Texas to TowerJazz Texas, Inc. (formerly known as TJ Texas, Inc.) ("TowerJazz"), an indirect wholly-owned subsidiary of Tower Semiconductor Ltd.” 10-K for 2020 | divestiture | — | — |
a privately-held corporation specializing in motor and motion control technologyWord for word“On May 11, 2020, the Company acquired a privately-held corporation specializing in motor and motion control technology.” 10-K for 2021 | acquisition | May 11, 2020 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2017-06-24 | $0 | $42.2 million | — |
| 2018-06-30 | — | — | $41.9 million |
| 2019-06-29 | $2.9 million | $0 | — |
| 2020-06-27 | $69.3 million | $378,000 | — |
| 2021-06-26 | $0 | $281,000 | — |
Deal filings since 2016
- 2021-08-26 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-07-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-06-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-02-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Maxim Integrated Products’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2021-08-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.