ANALOG DEVICES, INC. CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY Years ended October 31, 2020, November 2, 2019 and November 3, 2018 (1) Balances have been restated to reflect the adoption of Accounting Standards Update (ASU) 2014-09,  Revenue from Contracts with Customers  (ASU 2014-09). See Note 2a,  Principles of Consolidation , of the Notes to Consolidated Financial Statements. 52 Capital in Accumulated Other Common Stock Excess of Retained Comprehensive (thousands) Shares Amount Par Value Earnings (Loss) Income BALANCE, OCTOBER 28, 2017 (1) 368,636  $ 61,441  $ 5,250,519  $ 5,179,024  $ (61,359) Net Income — 2018 (1) 1,506,980  Dividends declared and paid - $1.89 per share (703,307) Issuance of stock under stock plans and other 4,012  668  98,359  Tax benefit — equity based awards 7,741  Stock-based compensation expense 151,165  Other comprehensive income 2,919  Common stock repurchased (2,488) (415) (225,562) BALANCE, NOVEMBER 3, 2018 (1) 370,160  61,694  5,282,222  5,982,697  (58,440) Effect of Accounting Standards Update 2016-16 331,026  Net Income — 2019 1,363,011  Dividends declared and paid - $2.10 per share (777,481) Issuance of stock under stock plans and other 4,271  712  115,811  Stock-based compensation expense 150,300  Other comprehensive loss (129,359) Common stock repurchased (6,129) (1,021) (611,984) BALANCE, NOVEMBER 2, 2019 368,302  61,385  4,936,349  6,899,253  (187,799) Effect of Accounting Standards Update 2018-02 2,379  (2,379) Net Income — 2020 1,220,761  Dividends declared and paid - $2.40 per share (886,155) Issuance of stock under stock plans and other 3,110  518  67,885  Issuance of stock as charitable contribution 336  56  39,944  Stock-based compensation expense 149,518  Other comprehensive loss (59,283) Common stock repurchased (2,263) (377) (244,110) BALANCE, OCTOBER 31, 2020 369,485  $ 61,582  $ 4,949,586  $ 7,236,238  $ (249,461) See accompanying Notes.