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)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments355286262451229201295
Cash and cash equivalents3422162363511697632
Short-term investments13702610061124263
Receivables1761211011208911363
Inventory, net of allowances, customer advances and progress billings1381652061681428470
Inventory1381652061681428470
Prepaid expense283131253027 
Other current assets1722141216925
Other undisclosed current assets     1922
Total current assets:715625614776506452475
Noncurrent Assets
Operating lease, right-of-use asset141
Property, plant and equipment174186191168163144104
Long-term investments and receivables250159172 216089
Long-term investments250159172 216089
Intangible assets, net (including goodwill), including:33335440042245043928
Goodwill28628628928728826316
Intangible assets, net (excluding goodwill)476811213516317612
Other undisclosed intangible assets, net (including goodwill)      (0)
Deferred income tax assets9
Other noncurrent assets2520381516283
Other undisclosed noncurrent assets 91533262625
Total noncurrent assets:933728816638676697249
TOTAL ASSETS:1,6481,3531,4301,4131,1821,149725
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1499411812910813665
Accounts payable994870747211252
Accrued liabilities1616131515  
Employee-related liabilities34293640212413
Debt14      
Deferred revenue and credits   66
Other undisclosed current liabilities15222215203412
Total current liabilities:17811614014412817783
Noncurrent Liabilities
Long-term debt and lease obligation134  60160180 
Long-term debt, excluding current maturities   60160180 
Operating lease, liability134
Liabilities, other than long-term debt7288100552612 
Accounts payable and accrued liabilities727893    
Deferred tax liabilities, net    3 
Other liabilities 10855269 
Other undisclosed noncurrent liabilities392838235
Total noncurrent liabilities:209971281181942155
Total liabilities:38821226826232239287
Stockholders' equity
Stockholders' equity attributable to parent1,2601,1401,1621,152859757637
Common stock 000000
Additional paid in capital1,4181,3641,3121,2591,2031,1591,079
Accumulated other comprehensive income (loss)0(1)(11)(1)0(2)(1)
Accumulated deficit(158)(222)(139)(107)(344)(401)(441)
Total stockholders' equity:1,2601,1401,1621,152859757637
TOTAL LIABILITIES AND EQUITY:1,6481,3531,4301,4131,1821,149725

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues1,2421,1861,5321,5391,169917714
Revenue, net1,5321,5391,169917714
Cost of revenue
(Cost of Goods and Services Sold)
(590)(588)(771)(781)(614)(498)(358)
Other undisclosed gross profit     7 
Gross profit:653597761758555426356
Operating expenses(482)(497)(498)(441)(375)(317)(201)
Operating income:171101262317180109155
Nonoperating income (expense)9842(1)(12)1
Investment income, nonoperating10852111
Other nonoperating expense(2)(0)(1)(0)(2)(12)(0)
Interest and debt expense(1)(1)(1)(4)(3)(6) 
Other undisclosed loss from continuing operations before equity method investments, income taxes (14)     
Income from continuing operations before income taxes:1789426531517692156
Income tax expense(23)(4)(103)(54)(52)(36)(48)
Net income available to common stockholders, diluted:1559016226112455108

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income:1559016226112455108
Other comprehensive income (loss) 14(15)(0)3  
Comprehensive income:15510414726112655108
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(4)4(1)(0)(1)0
Comprehensive income, net of tax, attributable to parent:15810015126012654108

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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