Cree, Inc. (CREE) financial statements (2021 and earlier)

Company profile

Business Address 4600 SILICON DR
DURHAM, NC 27703
State of Incorp. NC
Fiscal Year End June 30
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9691,2521,051387611605713
Cash and cash equivalents388449501119133166140
Short-term investments581803551268478439573
Receivables90121129156156172186
Inventory, net of allowances, customer advances and progress billings144179187296284304281
Inventory144179187296284304281
Prepaid expense26262328232730
Disposal group, including discontinued operation237  2244
Assets held-for-sale, not part of disposal group212   
Other current assets11142020234555
Other undisclosed current assets      39
Total current assets:1,4791,5931,4138901,1011,1571,308
Noncurrent Assets
Finance lease, right-of-use asset11 
Operating lease, right-of-use asset11 
Property, plant and equipment 831625661581600635
Long-term investments and receivables66564058504058
Long-term investments66564058504058
Intangible assets, net (including goodwill)5087107281,010893922933
Goodwill359530530620619619616
Intangible assets, net (excluding goodwill)149180198390274303317
Deferred income tax assets16
Other noncurrent assets343561213920
Deferred tax assets, net 61239 
Other undisclosed noncurrent assets1,014 6    
Total noncurrent assets:1,6461,6381,4041,7471,5491,6091,646
TOTAL ASSETS:3,1253,2312,8172,6382,6502,7662,954
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:267221201205175177253
Accounts payable8510791151133132163
Accrued liabilities1246134   30
Employee-related liabilities54477153424545
Taxes payable333   14
Other undisclosed accounts payable and accrued liabilities132    
Deferred revenue1838
Debt04     
Disposal group, including discontinued operation71      
Contract with customer, liability46
Other liabilities26251944374644
Other undisclosed current liabilities333   (42)
Total current liabilities:386291268248212223255
Noncurrent Liabilities
Long-term debt and lease obligation814795469292145160200
Long-term debt, excluding current maturities804784469292145160200
Finance lease, liability1011
Liabilities, other than long-term debt54553625701534
Accounts payable and accrued liabilities      1
Deferred tax liabilities, net 350112
Deferred income tax liabilities42
Other liabilities50543622201421
Other undisclosed noncurrent liabilities  2   (1)
Total noncurrent liabilities:868851508317215175233
Total liabilities:1,2531,142776565427398488
Stockholders' equity
Stockholders' equity attributable to parent1,8652,0832,0362,0672,2232,3682,466
Common stock0000000
Additional paid in capital3,1563,1062,8742,5492,4202,3602,286
Accumulated other comprehensive income1616101696
Retained earnings (accumulated deficit)(1,307)(1,039)(848)(483)(203)(1)175
Stockholders' equity attributable to noncontrolling interest7655   
Total stockholders' equity:1,8722,0892,0412,0722,2232,3682,466
TOTAL LIABILITIES AND EQUITY:3,1253,2312,8172,6382,6502,7662,954

Income statement (P&L) ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues7659041,0801,4941,4731,6171,633
Revenue, net1,4941,4731,6171,633
Cost of revenue
(Cost of Goods and Services Sold)
(557)(656)(689)(1,086)(1,038)(1,130)(1,173)
Other undisclosed gross profit      15
Gross profit:208248391408435487475
Operating expenses(494)(396)(359)(737)(453)(498)(547)
Other operating expense, net(41)(46)(28)    
Other undisclosed operating loss(14)(16)(20)    
Operating loss:(342)(209)(16)(329)(19)(10)(73)
Nonoperating income (expense)119(29)1214(13)(10)
Investment income, nonoperating1116(12)2449
Foreign currency transaction gain (loss), before tax32(1)22(5)(1)
Interest and debt expense111     
Loss from continuing operations before equity method investments, income taxes:(339)(179)(45)(317)(5)(24)(83)
Income (loss) from equity method investments1414(16)   (23)
Other undisclosed income (loss) from continuing operations before income taxes(15)(25)16    
Loss from continuing operations before income taxes:(340)(190)(45)(317)(5)(24)(106)
Income tax expense (benefit)2(0)(13)38(93)219
Other undisclosed loss from continuing operations(1)(1)     
Loss from continuing operations:(340)(192)(58)(280)(98)(22)(87)
Loss from discontinued operations(28) (317)    
Loss before gain (loss) on sale of properties:(368)(192)(375)(280)(98)(22)(87)
Other undisclosed net income11     
Net loss:(367)(191)(375)(280)(98)(22)(87)
Net loss attributable to noncontrolling interest(1)(1) (0)   
Other undisclosed net income (loss) attributable to parent(0)     23
Net loss available to common stockholders, diluted:(369)(192)(375)(280)(98)(22)(64)

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net loss:(367)(191)(375)(280)(98)(22)(87)
Other comprehensive income (loss)     (2)1
Other undisclosed comprehensive income (loss)679(5)   
Comprehensive loss:(361)(184)(366)(285)(98)(23)(85)
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1) (0)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)   (3)516
Comprehensive loss, net of tax, attributable to parent:(363)(185)(366)(285)(101)(19)(70)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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