Cypress Semiconductor Corporation (CY) financial statements (2020 and earlier)

Company profile

Business Address 198 CHAMPION COURT
SAN JOSE, CA 95134
State of Incorp. DE
Fiscal Year End December 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments415286152120228119104
Cash and cash equivalents41528615212022710486
Short-term investments    11518
Receivables3023242963332937681
Inventory, net of allowances, customer advances and progress billings29829227228824488101
Inventory29829227228824488101
Prepaid expense     2226
Assets held-for-sale, not part of disposal group 14 31 
Assets held-for-sale2
Other current assets87101104122872934
Other undisclosed current assets     (22)(29)
Total current assets:1,1021,017823894851312320
Noncurrent Assets
Finance lease, right-of-use asset8
Operating lease, right-of-use asset43
Property, plant and equipment 283290297425238259
Long-term investments and receivables3265123189 6136
Long-term investments3265123189 6136
Intangible assets, net (including goodwill)1,6571,8642,1552,3442,528100107
Goodwill1,3741,3741,4391,4391,7396666
Intangible assets, net (excluding goodwill)2834917159057893441
Deferred costs     44 
Deferred income tax assets349
Other noncurrent assets1151241471482009481
Other undisclosed noncurrent assets251340   (106)(36)
Total noncurrent assets:2,4542,6762,7142,9783,153431446
TOTAL ASSETS:3,5563,6933,5373,8724,004743766
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2473123313372389990
Accounts payable1512112132411434348
Employee-related liabilities54627961553539
Taxes payable    333
Interest and dividends payable414039363718 
Debt15727301533
Deferred compensation liability     4342
Restructuring reserve     1
Deferred revenue and credits   95123
Customer advances and deposits   1
Other liabilities1241381431802028177
Other undisclosed current liabilities22916317415473(49)(27)
Total current liabilities:615621675702528275306
Noncurrent Liabilities
Long-term debt and lease obligation7518749571,195674234237
Long-term debt, excluding current maturities7138749571,195674227227
Finance lease, liability7
Capital lease obligations    710
Operating lease, liability31
Liabilities, other than long-term debt128813537382128
Accounts payable and accrued liabilities5553     
Other liabilities73283537382128
Other undisclosed noncurrent liabilities(38) 5245521217
Total noncurrent liabilities:8419561,0441,277763267281
Total liabilities:1,4561,5761,7191,9791,292541587
Stockholders' equity
Stockholders' equity attributable to parent2,1002,1161,8171,8922,721208183
Common stock5555533
Treasury stock, value(2,390)(2,370)(2,335)(2,335)(2,148)(2,090)(2,090)
Additional paid in capital5,6175,6365,6605,6765,6232,6752,665
Accumulated other comprehensive income (loss)(16)2(1)(9)(0)(0)(0)
Accumulated deficit(1,116)(1,157)(1,512)(1,445)(759)(380)(395)
Stockholders' equity attributable to noncontrolling interest 111(8)(6)(4)
Total stockholders' equity:2,1002,1171,8181,8932,713202179
TOTAL LIABILITIES AND EQUITY:3,5563,6933,5373,8724,004743766

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,2052,4842,3281,9231,608725723
Revenue, net2,3281,9231,608725723
Cost of revenue(1,375)(1,552)(1,566)(1,300)(1,250)(362)(391)
Cost of goods and services sold(1,375)(1,552)(1,370)(1,238)(1,208)(362)(391)
Gross profit:830931762623358364331
Operating expenses(707)(767)(684)(1,235)(695)(385)(437)
Other undisclosed operating income     4548
Operating income (loss):12316478(612)(337)23(58)
Nonoperating income (expense)14(3)40(4)(2)2
Foreign currency transaction gain (loss), before tax(1)(0)(2)(4)113
Other nonoperating income (expense)20(1)000(0)
Interest and debt expense(59)(65)(80)(55)(16)(6)(8)
Other undisclosed income from continuing operations before equity method investments, income taxes     68
Income (loss) from continuing operations before equity method investments, income taxes:79972(667)(357)20(56)
Loss from equity method investments(6)(16)(21)(18)(7)  
Other undisclosed income (loss) from continuing operations before income taxes(29)(42)(51)1 (5) 
Income (loss) from continuing operations before income taxes:4339(70)(684)(364)15(56)
Income tax expense (benefit)(2)316(11)(3)(17)18
Income (loss) before gain (loss) on sale of properties:40355(81)(686)(381)17(48)
Other undisclosed net income (loss)(0)00(1)   
Net income (loss):40355(81)(687)(381)17(48)
Net income (loss) attributable to noncontrolling interest0(0)(0)1212
Net income (loss) available to common stockholders, diluted:40355(81)(686)(379)18(46)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):40355(81)(687)(381)17(48)
Other comprehensive income (loss)(18)37(9)(0)01
Comprehensive income (loss):23358(73)(695)(381)17(47)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(0)121(2)
Other undisclosed comprehensive income, net of tax, attributable to parent      4
Comprehensive income (loss), net of tax, attributable to parent:23358(73)(695)(379)18(45)

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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