Cree, Inc. (CREE) financial statements (2020 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)

12/31/2019
Q2
9/30/2019
Q1
6/30/2019
Q4
3/31/2019
Q3
12/31/2018
Q2
9/30/2018
Q1
6/30/2018
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9529941,051789724666387
Cash and cash equivalents383433501456356336119
Short-term investments569561551333368329268
Receivables138138129151193210156
Inventory, net of allowances, customer advances and progress billings165183187173313306296
Inventory165183187173313306296
Prepaid expense25232319252728
Disposal group, including discontinued operation   341  2
Assets held-for-sale, not part of disposal group002    
Other current assets13162026212120
Total current assets:1,2931,3531,4131,4991,2761,230890
Noncurrent Assets
Property, plant and equipment692657625608676668661
Long-term investments and receivables51434044485058
Long-term investments51434044485058
Intangible assets, net (including goodwill)7187227287339951,0021,010
Goodwill530530530530620620620
Intangible assets, net (excluding goodwill)188192198203374381390
Deferred income tax assets656 
Other noncurrent assets231766111212
Deferred tax assets, net10866
Total noncurrent assets:1,4901,4441,4041,4001,7381,7381,747
TOTAL ASSETS:2,7832,7972,8172,8993,0152,9682,638
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:177175201175203204205
Accounts payable918591111143147151
Accrued liabilities343034    
Employee-related liabilities46547163605753
Taxes payable213    
Other undisclosed accounts payable and accrued liabilities352    
Deferred revenue444346 
Disposal group, including discontinued operation   90   
Contract with customer, liability475451 
Other liabilities25241920353844
Other undisclosed current liabilities213220 
Total current liabilities:249243268334295294248
Noncurrent Liabilities
Long-term debt and lease obligation481475469463458453292
Long-term debt, excluding current maturities481475469463458453292
Liabilities, other than long-term debt57543835382325
Deferred tax liabilities, net6223
Deferred income tax liabilities 22 
Other liabilities57523629362022
Total noncurrent liabilities:538528508499496475317
Total liabilities:786771776833791769565
Stockholders' equity
Stockholders' equity attributable to parent1,9912,0212,0362,0612,2192,1942,067
Common stock0000000
Additional paid in capital2,9202,8962,8742,7722,7042,6772,549
Accumulated other comprehensive income1010103111
Accumulated deficit(938)(885)(848)(714)(486)(483)(483)
Stockholders' equity attributable to noncontrolling interest5555555
Total stockholders' equity:1,9972,0262,0412,0662,2242,1992,072
TOTAL LIABILITIES AND EQUITY:2,7832,7972,8172,8993,0152,9682,638

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

12/31/2019
Q2
9/30/2019
Q1
6/30/2019
Q4
3/31/2019
Q3
12/31/2018
Q2
9/30/2018
Q1
6/30/2018
Q4
Revenues240243251274413408409
Revenue, net409
Cost of revenue
(Cost of Goods and Services Sold)
(178)(169)(163)(174)(278)(280)(294)
Gross profit:627489100135128116
Operating expenses(100)(101)(66)(112)(128)(128)(136)
Other operating expense, net(14)(7)     
Other undisclosed operating loss(4)(5)(48)    
Operating income (loss):(56)(39)(26)(11)71(21)
Nonoperating income (expense)52(6)(8)(5)(10)(4)
Investment income, nonoperating (2)(2)(4)(4)(2)(2)
Foreign currency transaction gain (loss), before tax1(0)(0)(1)0(1)(3)
Interest and debt expense   (7)(7)(2) 
Other undisclosed income from continuing operations before equity method investments, income taxes   772 
Income (loss) from continuing operations before income taxes:(51)(37)(31)(20)2(9)(25)
Income tax expense(1)(1)(3)(3)(4)(2)(8)
Other undisclosed loss from continuing operations(0)      
Loss from continuing operations:(53)(38)(35)(22)(2)(11)(33)
Other undisclosed loss before gain (loss) on sale of properties  (317)    
Loss before gain (loss) on sale of properties:(53)(38)(352)(22)(2)(11)(33)
Other undisclosed net income (loss)0 218(205)   
Net loss:(53)(38)(134)(228)(2)(11)(33)
Net income (loss) attributable to noncontrolling interest(0)  (0)000
Other undisclosed net income attributable to parent  0    
Net loss available to common stockholders, diluted:(53)(38)(134)(228)(2)(11)(33)

Comprehensive Income ($ in millions)

12/31/2019
Q2
9/30/2019
Q1
6/30/2019
Q4
3/31/2019
Q3
12/31/2018
Q2
9/30/2018
Q1
6/30/2018
Q4
Net loss:(53)(38)(134)(228)(2)(11)(33)
Other undisclosed comprehensive income (loss)(0)17200(5)
Comprehensive loss:(53)(37)(127)(226)(2)(11)(39)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)  (0)000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  0   (4)
Comprehensive loss, net of tax, attributable to parent:(53)(37)(127)(226)(2)(11)(43)

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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