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 investments | 969 | 1,252 | 1,051 | 387 | 611 | 605 | 713 | ||
| Cash and cash equivalents | 388 | 449 | 501 | 119 | 133 | 166 | 140 | ||
| Short-term investments | 581 | 803 | 551 | 268 | 478 | 439 | 573 | ||
| Receivables | 90 | 121 | 129 | 156 | 156 | 172 | 186 | ||
| Inventory, net of allowances, customer advances and progress billings | 144 | 179 | 187 | 296 | 284 | 304 | 281 | ||
| Inventory | 144 | 179 | 187 | 296 | 284 | 304 | 281 | ||
| Prepaid expense | 26 | 26 | 23 | 28 | 23 | 27 | 30 | ||
| Disposal group, including discontinued operation | 237 | 2 | 2 | 4 | 4 | ||||
| Assets held-for-sale, not part of disposal group | 2 | 1 | 2 | ✕ | |||||
| Other current assets | 11 | 14 | 20 | 20 | 23 | 45 | 55 | ||
| Other undisclosed current assets | 39 | ||||||||
| Total current assets: | 1,479 | 1,593 | 1,413 | 890 | 1,101 | 1,157 | 1,308 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 11 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 11 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 831 | 625 | 661 | 581 | 600 | 635 | |||
| Long-term investments and receivables | 66 | 56 | 40 | 58 | 50 | 40 | 58 | ||
| Long-term investments | 66 | 56 | 40 | 58 | 50 | 40 | 58 | ||
| Intangible assets, net (including goodwill) | 508 | 710 | 728 | 1,010 | 893 | 922 | 933 | ||
| Goodwill | 359 | 530 | 530 | 620 | 619 | 619 | 616 | ||
| Intangible assets, net (excluding goodwill) | 149 | 180 | 198 | 390 | 274 | 303 | 317 | ||
| Deferred income tax assets | 1 | 6 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 34 | 35 | 6 | 12 | 13 | 9 | 20 | ||
| Deferred tax assets, net | ✕ | ✕ | 6 | 12 | 39 | ||||
| Other undisclosed noncurrent assets | 1,014 | 6 | |||||||
| Total noncurrent assets: | 1,646 | 1,638 | 1,404 | 1,747 | 1,549 | 1,609 | 1,646 | ||
| TOTAL ASSETS: | 3,125 | 3,231 | 2,817 | 2,638 | 2,650 | 2,766 | 2,954 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 267 | 221 | 201 | 205 | 175 | 177 | 253 | ||
| Accounts payable | 85 | 107 | 91 | 151 | 133 | 132 | 163 | ||
| Accrued liabilities | 124 | 61 | 34 | 30 | |||||
| Employee-related liabilities | 54 | 47 | 71 | 53 | 42 | 45 | 45 | ||
| Taxes payable | 3 | 3 | 3 | 14 | |||||
| Other undisclosed accounts payable and accrued liabilities | 1 | 3 | 2 | ||||||
| Deferred revenue | 18 | 38 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 0 | 4 | |||||||
| Disposal group, including discontinued operation | 71 | ||||||||
| Contract with customer, liability | ✕ | ✕ | 46 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 26 | 25 | 19 | 44 | 37 | 46 | 44 | ||
| Other undisclosed current liabilities | 3 | 3 | 3 | (42) | |||||
| Total current liabilities: | 386 | 291 | 268 | 248 | 212 | 223 | 255 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 814 | 795 | 469 | 292 | 145 | 160 | 200 | ||
| Long-term debt, excluding current maturities | 804 | 784 | 469 | 292 | 145 | 160 | 200 | ||
| Finance lease, liability | 10 | 11 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 54 | 55 | 36 | 25 | 70 | 15 | 34 | ||
| Accounts payable and accrued liabilities | 1 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | 3 | 50 | 1 | 12 | |||
| Deferred income tax liabilities | 4 | 2 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 50 | 54 | 36 | 22 | 20 | 14 | 21 | ||
| Other undisclosed noncurrent liabilities | 2 | (1) | |||||||
| Total noncurrent liabilities: | 868 | 851 | 508 | 317 | 215 | 175 | 233 | ||
| Total liabilities: | 1,253 | 1,142 | 776 | 565 | 427 | 398 | 488 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,865 | 2,083 | 2,036 | 2,067 | 2,223 | 2,368 | 2,466 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 3,156 | 3,106 | 2,874 | 2,549 | 2,420 | 2,360 | 2,286 | ||
| Accumulated other comprehensive income | 16 | 16 | 10 | 1 | 6 | 9 | 6 | ||
| Retained earnings (accumulated deficit) | (1,307) | (1,039) | (848) | (483) | (203) | (1) | 175 | ||
| Stockholders' equity attributable to noncontrolling interest | 7 | 6 | 5 | 5 | |||||
| Total stockholders' equity: | 1,872 | 2,089 | 2,041 | 2,072 | 2,223 | 2,368 | 2,466 | ||
| TOTAL LIABILITIES AND EQUITY: | 3,125 | 3,231 | 2,817 | 2,638 | 2,650 | 2,766 | 2,954 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 765 | 904 | 1,080 | 1,494 | 1,473 | 1,617 | 1,633 | |
| Revenue, net | ✕ | ✕ | ✕ | 1,494 | 1,473 | 1,617 | 1,633 | |
| 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: | 208 | 248 | 391 | 408 | 435 | 487 | 475 | |
| 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) | 1 | 19 | (29) | 12 | 14 | (13) | (10) | |
| Investment income, nonoperating | 11 | 16 | (12) | 2 | 4 | 4 | 9 | |
| Foreign currency transaction gain (loss), before tax | 3 | 2 | (1) | 2 | 2 | (5) | (1) | |
| Interest and debt expense | 1 | 11 | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (339) | (179) | (45) | (317) | (5) | (24) | (83) | |
| Income (loss) from equity method investments | 14 | 14 | (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) | 2 | 19 | |
| 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 income | 1 | 1 | ||||||
| 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) | 6 | 7 | 9 | (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) | 5 | 16 | ||||
| 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.