WOLF FY 2012 Earnings Report — Wolfspeed, Inc. Revenue & Financial Results | Market Cap Arena

Wolfspeed, Inc.WOLF

FY 2012 Earnings

Reported August 21, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.2B	—	$988M	—	17.9%
Op. Income	$43M	—	$171M	—	-75.0%
Gross Margin	32.9%	—	43.0%	—	-10.1pp
Net Margin	3.8%	—	14.8%	—	-11.0pp
EPS (Diluted)	$1.17	—	$3.99	—	-70.7%
Free Cash Flow	$147M	—	$14M	—	930.2%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$781M
GROSS PROFIT	$383M
R&D Expenses	$143M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$197M
Other Expenses	$0
Operating Expenses	$340M
Cost & Expenses	$1.1B
OPERATING INCOME	$43M
Interest Income	$7M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$48M
Income Tax Expense	$3M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	$143M
EBIT	$43M
EBITDA	$185M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$781M
GROSS PROFIT	$383M
R&D Expenses	$143M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$197M
Other Expenses	$0
Operating Expenses	$340M
Cost & Expenses	$1.1B
OPERATING INCOME	$43M
Interest Income	$7M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$48M
Income Tax Expense	$3M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	$143M
EBIT	$43M
EBITDA	$185M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$44M
Depreciation & Amortization	$143M
Stock-Based Compensation	$0
Deferred Income Tax	-$6M
Other Non-Cash Items	$58M
Change in Working Capital	$4M
OPERATING CASH FLOW	$242M
Capital Expenditure	-$95M
Acquisitions (Net)	-$454M
Purchases of Investments	-$345M
Sales/Maturities of Investments	$464M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$448M
Net Debt Issuance	$0
Common Stock Repurchased	-$12M
Common Dividends Paid	$0
Other Financing Activities	$277.0K
NET CASH FROM FINANCING	-$7M
FREE CASH FLOW	$147M
Net Change in Cash	-$212M

Balance Sheet

Item	Amount
Cash & Equivalents	$179M
Short-Term Investments	$566M
Net Receivables	$152M
Inventory	$189M
Other Current Assets	$79M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$582M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.7B
Account Payables	$79M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$37M
TOTAL CURRENT LIABILITIES	$149M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$16M
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$38M
TOTAL LIABILITIES	$188M
Common Stock	$144.0K
Additional Paid-In Capital	$1.9B
Retained Earnings	$687M
Treasury Stock	$0
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$0
Net Debt	-$179M