CRUS FY 2018 Earnings Report — Cirrus Logic, Inc. Revenue & Financial Results | Market Cap Arena

Cirrus Logic, Inc.CRUS

FY 2018 Earnings

Reported May 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.5B	—	-0.4%
Op. Income	$262M	—	$317M	—	-17.2%
Gross Margin	49.6%	—	49.2%	—	0.4pp
Net Margin	10.6%	—	17.0%	—	-6.4pp
EPS (Diluted)	$2.46	—	$3.92	—	-37.2%
Free Cash Flow	$234M	—	$318M	—	-26.5%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$771M
GROSS PROFIT	$761M
R&D Expenses	$366M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$132M
Other Expenses	$0
Operating Expenses	$498M
Cost & Expenses	$1.3B
OPERATING INCOME	$262M
Interest Income	$5M
Interest Expense	$1M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$265M
Income Tax Expense	$103M
Net Income from Continuing Ops	$162M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$162M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$162M
D&A	$81M
EBIT	$266M
EBITDA	$348M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$771M
GROSS PROFIT	$761M
R&D Expenses	$366M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$132M
Other Expenses	$0
Operating Expenses	$498M
Cost & Expenses	$1.3B
OPERATING INCOME	$262M
Interest Income	$5M
Interest Expense	$1M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$265M
Income Tax Expense	$103M
Net Income from Continuing Ops	$162M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$162M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$162M
D&A	$81M
EBIT	$266M
EBITDA	$348M
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$162M
Depreciation & Amortization	$81M
Stock-Based Compensation	$49M
Deferred Income Tax	$12M
Other Non-Cash Items	-$14M
Change in Working Capital	$29M
OPERATING CASH FLOW	$319M
Capital Expenditure	-$85M
Acquisitions (Net)	$29M
Purchases of Investments	-$238M
Sales/Maturities of Investments	$138M
Other Investing Activities	-$29M
NET CASH FROM INVESTING	-$185M
Net Debt Issuance	-$60M
Common Stock Repurchased	-$194M
Common Dividends Paid	$0
Other Financing Activities	-$392.0K
NET CASH FROM FINANCING	-$250M
FREE CASH FLOW	$234M
Net Change in Cash	-$116M

Balance Sheet

Item	Amount
Cash & Equivalents	$236M
Short-Term Investments	$26M
Net Receivables	$101M
Inventory	$206M
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$614M
PP&E (Net)	$191M
Goodwill	$289M
Intangible Assets	$112M
Long-Term Investments	$172M
Tax Assets	$15M
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$816M
TOTAL ASSETS	$1.4B
Account Payables	$70M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$35M
TOTAL CURRENT LIABILITIES	$140M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$128M
TOTAL NON-CURRENT LIABILITIES	$128M
TOTAL LIABILITIES	$268M
Common Stock	$62.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	-$139M
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$0
Net Debt	-$236M