Cirrus Logic, Inc. (CRUS) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments446435380498314286
Cash and cash equivalents446435370442292216
Short-term investments   11562270
Receivables150270240109154121
Inventory, net of allowances, customer advances and progress billings233152138173147165
Inventory233152138173147165
Prepaid expense363941382431
Other current assets578940251222
Other undisclosed current assets9628    
Total current assets:1,0181,013840843650625
Noncurrent Assets
Operating lease, right-of-use asset128151171134141
Property, plant and equipment163157157155158186
Long-term investments and receivables   64313284159
Long-term investments   64313284159
Intangible assets, net (including goodwill)475569594310322354
Goodwill436436436288287286
Intangible assets, net (excluding goodwill)39133158223468
Deferred income tax assets369111010
Other noncurrent assets746892672820
Other undisclosed noncurrent assets171199195  9
Total noncurrent assets:1,0461,1521,283988942728
TOTAL ASSETS:2,0642,1662,1231,8311,5931,353
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15617419717113494
Employee-related liabilities65554229
Accounts payable811171151037848
Accrued liabilities745617131316
Debt     14 
Other undisclosed current liabilities615567431122
Total current liabilities:216229265214159116
Noncurrent Liabilities
Long-term debt and lease obligation:   163128129 
Liabilities, other than long-term debt18921673647188
Accounts payable and accrued liabilities597273647178
Other liabilities8    10
Operating lease, liability123143163128129
Other undisclosed noncurrent liabilities  6223649
Total noncurrent liabilities:18922125922820497
Total liabilities:406450524442363212
Equity
Equity, attributable to parent1,6581,7161,6001,3891,2301,140
Common stock 0 0000
Additional paid in capital1,6701,6391,5781,4991,4351,364
Accumulated other comprehensive income (loss)(3)(4)(2)3(3)(1)
Retained earnings (accumulated deficit)(9)8123(113)(202)(222)
Total equity:1,6581,7161,6001,3891,2301,140
TOTAL LIABILITIES AND EQUITY:2,0642,1662,1231,8311,5931,353

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

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues1,8982,2311,7811,3691,2811,186
Cost of revenue
(Cost of Goods and Services Sold)
(941)(1,095)(858)(662)(607)(588)
Gross profit:9571,135924707674597
Operating expenses(708)(669)(557)(470)(501)(497)
Operating income:249466366237173101
Nonoperating income (expense)7(0)3998
Investment income, nonoperating10226108
Other nonoperating income (expense)(3)(2)23(2)(0)
Interest and debt expense(1)(1)(1)(1)(1)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (14)
Income from continuing operations before income taxes:25546536924518194
Income tax expense(78)(100)(42)(28)(22)(4)
Income from continuing operations:17736532621715990
Income before gain (loss) on sale of properties:26132621715990
Net income available to common stockholders, diluted:17736532621715990

Comprehensive Income ($ in millions)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income:17736532621715990
Other comprehensive income      14
Comprehensive income:177365326217159104
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(15)(5)6(2)(4)
Comprehensive income, net of tax, attributable to parent:176350321224157100

Statements Sources

The financial statements are based on the Company's filings with 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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