Cirrus Logic, Inc. (CRUS) financial statements (2021 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)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments371314286262451229201
Cash and cash equivalents32729221623635116976
Short-term investments4322702610061124
Receivables24515412110112089113
Inventory, net of allowances, customer advances and progress billings14314716520616814284
Inventory14314716520616814284
Prepaid expense39243131253027
Other current assets712221412169
Other undisclosed current assets      19
Total current assets:804650625614776506452
Noncurrent Assets
Operating lease, right-of-use asset136141
Property, plant and equipment154158186191168163144
Long-term investments and receivables326284159172 2160
Long-term investments326284159172 2160
Intangible assets, net (including goodwill)312322354400422450439
Goodwill288287286289287288263
Intangible assets, net (excluding goodwill)243468112135163176
Deferred income tax assets710
Other noncurrent assets86282038151628
Other undisclosed noncurrent assets  915332626
Total noncurrent assets:1,022942728816638676697
TOTAL ASSETS:1,8261,5931,3531,4301,4131,1821,149
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14413494118129108136
Accounts payable917848707472112
Accrued liabilities131316131515 
Employee-related liabilities39422936402124
Debt 14     
Deferred revenue and credits   6
Other undisclosed current liabilities41112222152034
Total current liabilities:185159116140144128177
Noncurrent Liabilities
Long-term debt and lease obligation130129  60160180
Long-term debt, excluding current maturities    60160180
Operating lease, liability130129
Liabilities, other than long-term debt717188100552612
Accounts payable and accrued liabilities71717893   
Deferred tax liabilities, net    3
Other liabilities  10855269
Other undisclosed noncurrent liabilities4049283823
Total noncurrent liabilities:24020497128118194215
Total liabilities:425363212268262322392
Stockholders' equity
Stockholders' equity attributable to parent1,4001,2301,1401,1621,152859757
Common stock 000000
Additional paid in capital1,4841,4351,3641,3121,2591,2031,159
Accumulated other comprehensive income (loss)5(3)(1)(11)(1)0(2)
Accumulated deficit(88)(202)(222)(139)(107)(344)(401)
Total stockholders' equity:1,4001,2301,1401,1621,152859757
TOTAL LIABILITIES AND EQUITY:1,8261,5931,3531,4301,4131,1821,149

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues1,4121,2811,1861,5321,5391,169917
Revenue, net1,5321,5391,169917
Cost of revenue
(Cost of Goods and Services Sold)
(651)(607)(588)(771)(781)(614)(498)
Other undisclosed gross profit      7
Gross profit:760674597761758555426
Operating expenses(468)(501)(497)(498)(441)(375)(317)
Operating income:292173101262317180109
Nonoperating income (expense)99842(1)(12)
Investment income, nonoperating101085211
Other nonoperating expense(1)(2)(0)(1)(0)(2)(12)
Interest and debt expense(1)(1)(1)(1)(4)(3)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes14 (14)    
Income from continuing operations before income taxes:3141819426531517692
Income tax expense(46)(22)(4)(103)(54)(52)(36)
Net income available to common stockholders, diluted:2681599016226112455

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income:2681599016226112455
Other comprehensive income (loss)  14(15)(0)3 
Other undisclosed comprehensive loss(14)      
Comprehensive income:25415910414726112655
Other undisclosed comprehensive income (loss), net of tax, attributable to parent11(2)(4)4(1)(0)(1)
Comprehensive income, net of tax, attributable to parent:26515710015126012654

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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