diff --git a/compiler/cli/src/org/jetbrains/kotlin/cli/jvm/compiler/KotlinToJVMBytecodeCompiler.kt b/compiler/cli/src/org/jetbrains/kotlin/cli/jvm/compiler/KotlinToJVMBytecodeCompiler.kt
index a3b9b8f9852..568996681f0 100644
--- a/compiler/cli/src/org/jetbrains/kotlin/cli/jvm/compiler/KotlinToJVMBytecodeCompiler.kt
+++ b/compiler/cli/src/org/jetbrains/kotlin/cli/jvm/compiler/KotlinToJVMBytecodeCompiler.kt
@@ -121,7 +121,8 @@ object KotlinToJVMBytecodeCompiler {
         }
 
         val targetDescription = "in targets [" + chunk.joinToString { input -> input.getModuleName() + "-" + input.getModuleType() } + "]"
-        val result = analyze(environment, targetDescription) ?: return false
+        val result = analyze(environment, targetDescription)
+        if (result == null || !result.shouldGenerateCode) return false
 
         ProgressIndicatorAndCompilationCanceledStatus.checkCanceled()