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)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9941,0513876116057131,162
Cash and cash equivalents433501119133166140287
Short-term investments561551268478439573876
Receivables138129156156172186225
Inventory, net of allowances, customer advances and progress billings183187296284304281285
Inventory183187296284304281285
Prepaid expense232328232730 
Disposal group, including discontinued operation  2244 
Assets held-for-sale, not part of disposal group02   
Other current assets162020234555 
Other undisclosed current assets     39101
Total current assets:1,3531,4138901,1011,1571,3081,774
Noncurrent Assets
Property, plant and equipment657625661581600635606
Long-term investments and receivables434058504058 
Long-term investments434058504058 
Intangible assets, net (including goodwill)7227281,010893922933953
Goodwill530530620619619616616
Intangible assets, net (excluding goodwill)192198390274303317336
Deferred income tax assets5
Other noncurrent assets176121392012
Deferred tax assets, net 61239  
Other undisclosed noncurrent assets 6     
Total noncurrent assets:1,4441,4041,7471,5491,6091,6461,570
TOTAL ASSETS:2,7972,8172,6382,6502,7662,9543,344
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:17520120517517725370
Accounts payable8591151133132163 
Accrued liabilities3034   30 
Employee-related liabilities54715342454551
Taxes payable13   1420
Other undisclosed accounts payable and accrued liabilities52     
Deferred revenue43
Contract with customer, liability46
Other liabilities24194437464439
Other undisclosed current liabilities13   (42)197
Total current liabilities:243268248212223255307
Noncurrent Liabilities
Long-term debt and lease obligation475469292145160200 
Long-term debt, excluding current maturities475469292145160200 
Liabilities, other than long-term debt54362570153448
Accounts payable and accrued liabilities     1 
Deferred tax liabilities, net 35011212
Deferred income tax liabilities2
Other liabilities52362220142135
Other undisclosed noncurrent liabilities 2   (1) 
Total noncurrent liabilities:52850831721517523348
Total liabilities:771776565427398488354
Stockholders' equity
Stockholders' equity attributable to parent2,0212,0362,0672,2232,3682,4662,990
Common stock0000000
Additional paid in capital2,8962,8742,5492,4202,3602,2862,190
Accumulated other comprehensive income1010169611
Retained earnings (accumulated deficit)(885)(848)(483)(203)(1)175789
Stockholders' equity attributable to noncontrolling interest555    
Total stockholders' equity:2,0262,0412,0722,2232,3682,4662,990
TOTAL LIABILITIES AND EQUITY:2,7972,8172,6382,6502,7662,9543,344

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

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues1,1811,0801,4941,4731,6171,6331,648
Revenue, net1,4941,4731,6171,6331,648
Cost of revenue
(Cost of Goods and Services Sold)
(783)(689)(1,086)(1,038)(1,130)(1,173)(1,034)
Other undisclosed gross profit     155
Gross profit:399391408435487475619
Operating expenses(407)(359)(737)(453)(498)(547)(485)
Other operating expense, net(7)(28)     
Other undisclosed operating loss(53)(20)     
Operating income (loss):(68)(16)(329)(19)(10)(73)134
Nonoperating income (expense)(18)(29)1214(13)(10)13
Investment income, nonoperating(12)(12)244912
Foreign currency transaction gain (loss), before tax(1)(1)22(5)(1)0
Interest and debt expense(13)      
Other undisclosed income from continuing operations before equity method investments, income taxes13      
Income (loss) from continuing operations before equity method investments, income taxes:(86)(45)(317)(5)(24)(83)148
Loss from equity method investments (16)   (23) 
Other undisclosed income from continuing operations before income taxes 16     
Income (loss) from continuing operations before income taxes:(86)(45)(317)(5)(24)(106)148
Income tax expense (benefit)(11)(13)38(93)219(23)
Income (loss) from continuing operations:(97)(58)(280)(98)(22)(87)124
Loss from discontinued operations (317)     
Other undisclosed loss before gain (loss) on sale of properties(317)      
Income (loss) before gain (loss) on sale of properties:(414)(375)(280)(98)(22)(87)124
Other undisclosed net income13      
Net income (loss):(402)(375)(280)(98)(22)(87)124
Net loss attributable to noncontrolling interest(0) (0)    
Other undisclosed net income attributable to parent0    23 
Net income (loss) available to common stockholders, diluted:(402)(375)(280)(98)(22)(64)124

Comprehensive Income ($ in millions)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(402)(375)(280)(98)(22)(87)124
Other comprehensive income (loss)    (2)1 
Other undisclosed comprehensive income (loss)99(5)    
Comprehensive income (loss):(392)(366)(285)(98)(23)(85)124
Comprehensive loss, net of tax, attributable to noncontrolling interest(0) (0)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0  (3)5163
Comprehensive income (loss), net of tax, attributable to parent:(393)(366)(285)(101)(19)(70)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.

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