$CRUS
CIRRUS LOGIC, INC. Stock $crus

$crus Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000077240617000010 Filed on August 02, 2017

Income Statement

Concept	2017 Q2	2016 Q2
Revenue	$320.7M	$259.4M
YoY Change	23.63%	-8.2%
Cost Of Revenue	$159.0M	$132.7M
YoY Change	19.79%	-11.62%
Gross Profit	$161.7M	$126.7M
YoY Change	27.65%	-4.39%
Gross Profit Margin	50.42%	48.83%
Selling, General & Admin	$30.86M	$30.54M
YoY Change	1.04%	4.95%
% of Gross Profit	19.08%	24.11%
Research & Development	$83.56M	$73.93M
YoY Change	13.02%	12.36%
% of Gross Profit	51.67%	58.36%
Depreciation & Amortization	$19.60M	$17.91M
YoY Change	9.4%	33.67%
% of Gross Profit	12.12%	14.14%
Operating Expenses	$114.4M	$104.5M
YoY Change	9.52%	10.09%
Operating Profit	$47.30M	$22.21M
YoY Change	112.96%	-40.93%
Interest Expense	$600.0K	-$700.0K
YoY Change	-185.71%	16.67%
% of Operating Profit	1.27%	-3.15%
Other Income/Expense, Net	-$19.00K	$147.0K
YoY Change	-112.93%	47.0%
Pretax Income	$47.88M	$21.67M
YoY Change	120.94%	-56.22%
Income Tax	$4.963M	$3.600M
% Of Pretax Income	10.37%	16.61%
Net Earnings	$42.91M	$18.07M
YoY Change	137.46%	-45.9%
Net Earnings / Revenue	13.38%	6.97%
Basic Earnings Per Share	$0.67	$0.29
Diluted Earnings Per Share	$0.64	$0.27
COMMON SHARES
Basic Shares Outstanding	64.10M shares	62.45M shares
Diluted Shares Outstanding	67.16M shares	65.72M shares

Balance Sheet

Concept	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$175.3M	$234.7M
YoY Change	-25.31%	5.34%
Cash & Equivalents	$163.9M	$143.6M
Short-Term Investments	$11.38M	$91.10M
Other Short-Term Assets	$10.86M	$44.10M
YoY Change	-75.38%	15.45%
Inventory	$202.4M	$154.0M
Prepaid Expenses	$27.48M
Receivables	$162.4M	$140.9M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$578.5M	$573.7M
YoY Change	0.84%	12.93%
LONG-TERM ASSETS
Property, Plant & Equipment	$170.8M	$160.9M
YoY Change	6.17%	5.86%
Goodwill	$287.0M
YoY Change
Intangibles
YoY Change
Long-Term Investments	$134.9M	$3.900M
YoY Change	3358.97%	-92.29%
Other Assets	$20.34M	$42.10M
YoY Change	-51.69%	-16.14%
Total Long-Term Assets	$788.1M	$651.4M
YoY Change	20.99%	-5.0%
TOTAL ASSETS
Total Short-Term Assets	$578.5M	$573.7M
Total Long-Term Assets	$788.1M	$651.4M
Total Assets	$1.367B	$1.225B
YoY Change	11.55%	2.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$86.00M	$105.1M
YoY Change	-18.18%	-28.21%
Accrued Expenses	$46.20M	$38.30M
YoY Change	20.63%	18.58%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$145.9M	$158.1M
YoY Change	-7.73%	-22.16%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$160.4M
YoY Change	-100.0%	0.0%
Other Long-Term Liabilities	$54.77M	$34.90M
YoY Change	56.94%	15.18%
Total Long-Term Liabilities	$60.07M	$195.3M
YoY Change	-69.24%	2.41%
TOTAL LIABILITIES
Total Short-Term Liabilities	$145.9M	$158.1M
Total Long-Term Liabilities	$60.07M	$195.3M
Total Liabilities	$205.9M	$353.4M
YoY Change	-41.72%	-10.28%
SHAREHOLDERS EQUITY
Retained Earnings	-$112.3M
YoY Change
Common Stock	$1.273B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.161B	$871.7M
YoY Change
Total Liabilities & Shareholders Equity	$1.367B	$1.225B
YoY Change	11.55%	2.63%

Cashflow Statement

Concept	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	$42.91M	$18.07M
YoY Change	137.46%	-45.9%
Depreciation, Depletion And Amortization	$19.60M	$17.91M
YoY Change	9.4%	33.67%
Cash From Operating Activities	-$3.816M	$12.80M
YoY Change	-129.81%	-70.37%
INVESTING ACTIVITIES
Capital Expenditures	$10.75M	$7.145M
YoY Change	50.44%	-157.62%
Acquisitions
YoY Change
Other Investing Activities	-$46.40M	-$13.80M
YoY Change	236.23%	-205.34%
Cash From Investing Activities	-$77.91M	-$24.29M
YoY Change	220.78%	-3569.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$45.55M	$15.44M
YoY Change	195.01%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$105.5M	-13.70M
YoY Change	670.23%	-23.03%
NET CHANGE
Cash From Operating Activities	-$3.816M	12.80M
Cash From Investing Activities	-$77.91M	-$24.29M
Cash From Financing Activities	-$105.5M	-13.70M
Net Change In Cash	-$187.2M	-$24.29M
YoY Change	670.95%	-193.06%
FREE CASH FLOW
Cash From Operating Activities	-$3.816M	$12.80M
Capital Expenditures	$10.75M	$7.145M
Free Cash Flow	-$14.57M	$5.655M
YoY Change	-357.56%	-89.83%

Facts In Submission

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CY2017Q1	crus	Software License Agreement SoftwareLicenseAgreement	14990000	USD
CY2017Q2	crus	Software License Agreement SoftwareLicenseAgreement	13676000	USD
CY2017Q1	crus	Software License Agreement Long Term SoftwareLicenseAgreementLongTerm	3146000	USD
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CY2017Q2	dei	Amendment Flag AmendmentFlag	false
CY2017Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-31
CY2017Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2017Q2	dei	Document Period End Date DocumentPeriodEndDate	2017-06-24
CY2017Q2	dei	Document Type DocumentType	10-Q
CY2017Q2	dei	Entity Central Index Key EntityCentralIndexKey	0000772406
CY2017Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	63802273	shares
CY2017Q2	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q2	dei	Entity Registrant Name EntityRegistrantName	CIRRUS LOGIC INC
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CY2017Q2	us-gaap	Other Assets Current OtherAssetsCurrent	10858000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax	-27000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax	0	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax	67000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax	34000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax	0	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax	792000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	1000	USD
CY2017Q2	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	150000	USD
CY2017Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	54557000	USD
CY2017Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	54773000	USD
CY2016Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-97000	USD
CY2017Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	3940000	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	147000	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-19000	USD
CY2016Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	15440000	USD
CY2017Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	45550000	USD
CY2016Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	644000	USD
CY2017Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1861000	USD
CY2016Q2	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	44743000	USD
CY2017Q2	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	148674000	USD
CY2016Q2	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	3387000	USD
CY2017Q2	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	20762000	USD
CY2016Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7145000	USD
CY2017Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10749000	USD
CY2017Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	24987000	USD
CY2017Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	27484000	USD
CY2016Q2	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	30987000	USD
CY2017Q2	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	102275000	USD
CY2016Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2414000	USD
CY2017Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	1889000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	170829000	USD
CY2016Q2	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	0	USD
CY2017Q2	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	60000000	USD
CY2016Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	73934000	USD
CY2017Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	83557000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-107014000	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-112258000	USD
CY2016Q2	us-gaap	Sales Revenue Net SalesRevenueNet	259428000	USD
CY2017Q2	us-gaap	Sales Revenue Net SalesRevenueNet	320735000	USD
CY2016Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	30540000	USD
CY2017Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	30859000	USD
CY2016Q2	us-gaap	Share Based Compensation ShareBasedCompensation	9310000	USD
CY2017Q2	us-gaap	Share Based Compensation ShareBasedCompensation	11403000	USD
CY2016Q2	us-gaap	Stock Issued During Period Shares Share Based Compensation Gross StockIssuedDuringPeriodSharesShareBasedCompensationGross	300000	shares
CY2017Q2	us-gaap	Stock Issued During Period Shares Share Based Compensation Gross StockIssuedDuringPeriodSharesShareBasedCompensationGross	200000	shares
CY2017Q2	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	200000000	USD
CY2017Q2	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	130200000	USD
CY2017Q2	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	700000	shares
	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	69800000	USD
CY2017Q2	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	45600000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	1151692000	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	1160705000	USD
CY2017Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	30800000	USD
CY2017Q2	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	2200000	USD
CY2017Q2	us-gaap	Unrecognized Tax Benefits Period Increase Decrease UnrecognizedTaxBenefitsPeriodIncreaseDecrease	-100000	USD
CY2017Q2	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	2300000	USD
CY2016Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	3273000	shares
CY2017Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	3063000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	65723000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	67160000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	62450000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	64097000	shares

Files In Submission

Name	View Source	Status
0000772406-17-000010-index-headers.html	Edgar Link	pending
0000772406-17-000010-index.html	Edgar Link	pending
0000772406-17-000010.txt	Edgar Link	pending
0000772406-17-000010-xbrl.zip	Edgar Link	pending
a10q-crus06242017.htm	Edgar Link	pending
crus-20170624.xml	Edgar Link	completed
crus-20170624.xsd	Edgar Link	pending
crus-20170624_cal.xml	Edgar Link	unprocessable
crus-20170624_def.xml	Edgar Link	unprocessable
crus-20170624_lab.xml	Edgar Link	unprocessable
crus-20170624_pre.xml	Edgar Link	unprocessable
ex311-crus06242017.htm	Edgar Link	pending
ex312-crus06242017.htm	Edgar Link	pending
ex321-crus06242017.htm	Edgar Link	pending
ex322-crus06242017.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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CIRRUS LOGIC, INC. Stock $crus

2017 Q2 Form 10-Q Financial Statement

#000077240617000010 Filed on August 02, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CRUS CIRRUS LOGIC, INC. Stock $crus

2017 Q2 Form 10-Q Financial Statement

#000077240617000010 Filed on August 02, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CRUS
CIRRUS LOGIC, INC. Stock $crus