WOLF FY 2013 Earnings Report — Wolfspeed, Inc. Revenue & Financial Results | Market Cap Arena

Wolfspeed, Inc.WOLF

FY 2013 Earnings

Reported August 27, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.2B	—	19.0%
Op. Income	$100M	—	$43M	—	133.9%
Gross Margin	35.6%	—	32.9%	—	2.7pp
Net Margin	6.3%	—	3.8%	—	2.5pp
EPS (Diluted)	$2.22	—	$1.17	—	89.7%
Free Cash Flow	$208M	—	$147M	—	41.1%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$892M
GROSS PROFIT	$494M
R&D Expenses	$156M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$237M
Other Expenses	$2M
Operating Expenses	$394M
Cost & Expenses	$1.3B
OPERATING INCOME	$100M
Interest Income	$8M
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$108M
Income Tax Expense	$21M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$153M
EBIT	$100M
EBITDA	$253M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$892M
GROSS PROFIT	$494M
R&D Expenses	$156M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$237M
Other Expenses	$2M
Operating Expenses	$394M
Cost & Expenses	$1.3B
OPERATING INCOME	$100M
Interest Income	$8M
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$108M
Income Tax Expense	$21M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$153M
EBIT	$100M
EBITDA	$253M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$153M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$55M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$285M
Capital Expenditure	-$77M
Acquisitions (Net)	$301.0K
Purchases of Investments	-$724M
Sales/Maturities of Investments	$442M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$380M
Net Debt Issuance	$0
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	$11M
NET CASH FROM FINANCING	$106M
FREE CASH FLOW	$208M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$190M
Short-Term Investments	$834M
Net Receivables	$193M
Inventory	$197M
Other Current Assets	$102M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$543M
Goodwill	$616M
Intangible Assets	$358M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$3.1B
Account Payables	$121M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$43M
TOTAL CURRENT LIABILITIES	$207M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$26M
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$38M
TOTAL LIABILITIES	$246M
Common Stock	$148.0K
Additional Paid-In Capital	$2.0B
Retained Earnings	$772M
Treasury Stock	$0
Accum. Other Comp. Income	$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$0
Net Debt	-$190M