Cirrus Logic, Inc. (CRUS) financial statements (2022 and earlier)

Company profile

Business Address 800 WEST 6TH STREET
AUSTIN, TX 78701
State of Incorp. DE
Fiscal Year End March 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments199498314286262451229
Cash and cash equivalents195442292216236351169
Short-term investments45622702610061
Receivables32610915412110112089
Inventory, net of allowances, customer advances and progress billings149173147165206168142
Inventory149173147165206168142
Prepaid expense41382431312530
Other current assets49251222141216
Total current assets:764843650625614776506
Noncurrent Assets
Operating lease, right-of-use asset173134141
Property, plant and equipment157155158186191168163
Long-term investments and receivables72313284159172 21
Long-term investments72313284159172 21
Intangible assets, net (including goodwill)603310322354400422450
Goodwill438288287286289287288
Intangible assets, net (excluding goodwill)166223468112135163
Deferred income tax assets71010
Other noncurrent assets97672820381516
Other undisclosed noncurrent assets195  9153326
Total noncurrent assets:1,305988942728816638676
TOTAL ASSETS:2,0681,8311,5931,3531,4301,4131,182
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16917113494118129108
Accounts payable1101037848707472
Accrued liabilities16131316131515
Employee-related liabilities43554229364021
Debt  14    
Other undisclosed current liabilities70431122221520
Total current liabilities:240214159116140144128
Noncurrent Liabilities
Long-term debt and lease obligation165128129  60160
Long-term debt, excluding current maturities     60160
Operating lease, liability165128129
Liabilities, other than long-term debt786471881005526
Accounts payable and accrued liabilities7864717893  
Other liabilities   1085526
Other undisclosed noncurrent liabilities2336492838
Total noncurrent liabilities:26622820497128118194
Total liabilities:505442363212268262322
Stockholders' equity
Stockholders' equity attributable to parent1,5631,3891,2301,1401,1621,152859
Common stock 000000
Additional paid in capital1,5571,4991,4351,3641,3121,2591,203
Accumulated other comprehensive income (loss)(0)3(3)(1)(11)(1)0
Retained earnings (accumulated deficit)6(113)(202)(222)(139)(107)(344)
Total stockholders' equity:1,5631,3891,2301,1401,1621,152859
TOTAL LIABILITIES AND EQUITY:2,0681,8311,5931,3531,4301,4131,182

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues1,6591,3691,2811,1861,5321,5391,169
Revenue, net1,5321,5391,169
Cost of revenue
(Cost of Goods and Services Sold)
(815)(662)(607)(588)(771)(781)(614)
Gross profit:844707674597761758555
Operating expenses(512)(470)(501)(497)(498)(441)(375)
Operating income:332237173101262317180
Nonoperating income (expense)699842(1)
Investment income, nonoperating06108521
Other nonoperating income (expense)63(2)(0)(1)(0)(2)
Interest and debt expense(1)(1)(1)(1)(1)(4)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (14)   
Income from continuing operations before income taxes:33724518194265315176
Income tax expense(39)(28)(22)(4)(103)(54)(52)
Net income available to common stockholders, diluted:29821715990162261124

Comprehensive Income ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income:29821715990162261124
Other comprehensive income (loss)   14(15)(0)3
Comprehensive income:298217159104147261126
Other undisclosed comprehensive income (loss), net of tax, attributable to parent26(2)(4)4(1)(0)
Comprehensive income, net of tax, attributable to parent:300224157100151260126

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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