CRUS FY 2016 Earnings Report — Cirrus Logic, Inc. Revenue & Financial Results | Market Cap Arena

Cirrus Logic, Inc.CRUS

FY 2016 Earnings

Reported May 25, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.2B	—	$917M	—	27.6%
Op. Income	$180M	—	$109M	—	65.7%
Gross Margin	47.5%	—	46.5%	—	1.0pp
Net Margin	10.6%	—	6.0%	—	4.6pp
EPS (Diluted)	$1.87	—	$0.85	—	120.0%
Free Cash Flow	$103M	—	$127M	—	-18.8%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$614M
GROSS PROFIT	$555M
R&D Expenses	$269M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$117M
Other Expenses	-$2M
Operating Expenses	$386M
Cost & Expenses	$1.0B
OPERATING INCOME	$180M
Interest Income	$877.0K
Interest Expense	$3M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$176M
Income Tax Expense	$52M
Net Income from Continuing Ops	$124M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$124M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$124M
D&A	$58M
EBIT	$181M
EBITDA	$239M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$614M
GROSS PROFIT	$555M
R&D Expenses	$269M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$117M
Other Expenses	-$2M
Operating Expenses	$386M
Cost & Expenses	$1.0B
OPERATING INCOME	$180M
Interest Income	$877.0K
Interest Expense	$3M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$176M
Income Tax Expense	$52M
Net Income from Continuing Ops	$124M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$124M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$124M
D&A	$58M
EBIT	$181M
EBITDA	$239M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$124M
Depreciation & Amortization	$58M
Stock-Based Compensation	$34M
Deferred Income Tax	$23M
Other Non-Cash Items	$19M
Change in Working Capital	-$109M
OPERATING CASH FLOW	$149M
Capital Expenditure	-$46M
Acquisitions (Net)	-$37M
Purchases of Investments	-$23M
Sales/Maturities of Investments	$126M
Other Investing Activities	-$5M
NET CASH FROM INVESTING	$20M
Net Debt Issuance	-$20M
Common Stock Repurchased	-$67M
Common Dividends Paid	$0
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$77M
FREE CASH FLOW	$103M
Net Change in Cash	$92M

Balance Sheet

Item	Amount
Cash & Equivalents	$169M
Short-Term Investments	$61M
Net Receivables	$89M
Inventory	$142M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$506M
PP&E (Net)	$163M
Goodwill	$288M
Intangible Assets	$163M
Long-Term Investments	$21M
Tax Assets	$26M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$676M
TOTAL ASSETS	$1.2B
Account Payables	$72M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$25M
TOTAL CURRENT LIABILITIES	$128M
Long-Term Debt	$160M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$34M
TOTAL NON-CURRENT LIABILITIES	$194M
TOTAL LIABILITIES	$322M
Common Stock	$63.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	-$344M
Treasury Stock	$0
Accum. Other Comp. Income	$332.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$859M
Minority Interest	$0
TOTAL EQUITY	$859M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$160M
Net Debt	-$8M