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
Q2
9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
12/31/2019
Q2
9/30/2019
Q1
6/30/2019
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9691,1391,2528539529941,051
Cash and cash equivalents388436449323383433501
Short-term investments581702803530569561551
Receivables90115121167138138129
Inventory, net of allowances, customer advances and progress billings144187179170165183187
Inventory144187179170165183187
Prepaid expense26282628252323
Disposal group, including discontinued operation237      
Assets held-for-sale, not part of disposal group2110002
Other current assets11151412131620
Total current assets:1,4791,4851,5931,2301,2931,3531,413
Noncurrent Assets
Finance lease, right-of-use asset11      
Operating lease, right-of-use asset11      
Property, plant and equipment 941831738692657625
Long-term investments and receivables66535632514340
Long-term investments66535632514340
Intangible assets, net (including goodwill)508600710714718722728
Goodwill359424530530530530530
Intangible assets, net (excluding goodwill)149175180184188192198
Deferred income tax assets1767656
Other noncurrent assets3437351823176
Other undisclosed noncurrent assets1,014      
Total noncurrent assets:1,6461,6381,6381,5081,4901,4441,404
TOTAL ASSETS:3,1253,1233,2312,7382,7832,7972,817
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:267274221185177175201
Accounts payable8512410791918591
Accrued liabilities124706131343034
Employee-related liabilities54724759465471
Taxes payable3331213
Other undisclosed accounts payable and accrued liabilities1533352
Deferred revenue18363845444346
Debt0041   
Disposal group, including discontinued operation71      
Other liabilities26302520252419
Other undisclosed current liabilities3331213
Total current liabilities:386343291251249243268
Noncurrent Liabilities
Long-term debt and lease obligation814804795489481475469
Long-term debt, excluding current maturities804794784486481475469
Finance lease, liability1010112   
Liabilities, other than long-term debt54615553575438
Deferred income tax liabilities4322 22
Other liabilities50585451575236
Total noncurrent liabilities:868865851542538528508
Total liabilities:1,2531,2081,142793786771776
Stockholders' equity
Stockholders' equity attributable to parent1,8651,9092,0831,9401,9912,0212,036
Common stock0000000
Additional paid in capital3,1563,1163,1062,9312,9202,8962,874
Accumulated other comprehensive income1616168101010
Accumulated deficit(1,307)(1,224)(1,039)(1,000)(938)(885)(848)
Stockholders' equity attributable to noncontrolling interest7666555
Total stockholders' equity:1,8721,9152,0891,9451,9972,0262,041
TOTAL LIABILITIES AND EQUITY:3,1253,1233,2312,7382,7832,7972,817

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

12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
12/31/2019
Q2
9/30/2019
Q1
6/30/2019
Q4
Revenues127217206216240243251
Cost of revenue
(Cost of Goods and Services Sold)
(86)(163)(155)(154)(178)(169)(163)
Gross profit:41545161627489
Operating expenses(92)(207)(98)(96)(100)(101)(66)
Other operating expense, net(3)(13)(14)(11)(14)(7) 
Other undisclosed operating loss(4)(3)(3)(4)(4)(5)(48)
Operating loss:(58)(170)(64)(50)(56)(39)(26)
Nonoperating income (expense)3(14)27(15)52(6)
Investment income, nonoperating2333 (2)(2)
Foreign currency transaction gain (loss), before tax2 1(0)1(0)(0)
Interest and debt expense(12)(13)34(8)   
Loss from continuing operations before equity method investments, income taxes:(66)(197)(4)(72)(51)(37)(31)
Income from equity method investments  14    
Other undisclosed income (loss) from continuing operations before income taxes1213(48)8   
Loss from continuing operations before income taxes:(55)(184)(38)(64)(51)(37)(31)
Income tax expense (benefit)0(0)(1)3(1)(1)(3)
Other undisclosed loss from continuing operations  (1)(0)(0)  
Loss from continuing operations:(54)(184)(40)(62)(53)(38)(35)
Loss from discontinued operations(28)      
Other undisclosed loss before gain (loss) on sale of properties      (317)
Loss before gain (loss) on sale of properties:(83)(184)(40)(62)(53)(38)(352)
Other undisclosed net income  100 218
Net loss:(83)(184)(39)(61)(53)(38)(134)
Net loss attributable to noncontrolling interest (0)(1)(0)(0)  
Other undisclosed net income (loss) attributable to parent(0)     0
Net loss available to common stockholders, diluted:(83)(184)(40)(62)(53)(38)(134)

Comprehensive Income ($ in millions)

12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
3/31/2020
Q3
12/31/2019
Q2
9/30/2019
Q1
6/30/2019
Q4
Net loss:(83)(184)(39)(61)(53)(38)(134)
Other undisclosed comprehensive income (loss)(1) 8(2)(0)17
Comprehensive loss:(83)(184)(31)(63)(53)(37)(127)
Comprehensive loss, net of tax, attributable to noncontrolling interest (0)(1)(0)(0)  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)     0
Comprehensive loss, net of tax, attributable to parent:(84)(184)(31)(64)(53)(37)(127)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: