$CRUS
CIRRUS LOGIC, INC. Stock $crus

$crus Overview Financials Valuation SEC Filings Company Website

2018 Q2 Form 10-Q Financial Statement

#000077240618000012 Filed on August 01, 2018

Income Statement

Concept	2018 Q2	2017 Q2
Revenue	$254.5M	$320.7M
YoY Change	-20.66%	23.63%
Cost Of Revenue	$129.9M	$159.0M
YoY Change	-18.3%	19.79%
Gross Profit	$124.6M	$161.7M
YoY Change	-22.98%	27.65%
Gross Profit Margin	48.95%	50.42%
Selling, General & Admin	$32.78M	$30.86M
YoY Change	6.24%	1.04%
% of Gross Profit	26.32%	19.08%
Research & Development	$97.93M	$83.56M
YoY Change	17.2%	13.02%
% of Gross Profit	78.62%	51.67%
Depreciation & Amortization	$22.64M	$19.60M
YoY Change	15.53%	9.4%
% of Gross Profit	18.18%	12.12%
Operating Expenses	$130.7M	$114.4M
YoY Change	14.25%	9.52%
Operating Profit	-$6.157M	$47.30M
YoY Change	-113.02%	112.96%
Interest Expense	$1.400M	$600.0K
YoY Change	133.33%	-185.71%
% of Operating Profit		1.27%
Other Income/Expense, Net	$210.0K	-$19.00K
YoY Change	-1205.26%	-112.93%
Pretax Income	-$4.500M	$47.88M
YoY Change	-109.4%	120.94%
Income Tax	-$200.0K	$4.963M
% Of Pretax Income		10.37%
Net Earnings	-$4.272M	$42.91M
YoY Change	-109.96%	137.46%
Net Earnings / Revenue	-1.68%	13.38%
Basic Earnings Per Share	-$0.07	$0.67
Diluted Earnings Per Share	-$0.07	$0.64
COMMON SHARES
Basic Shares Outstanding	61.46M shares	64.10M shares
Diluted Shares Outstanding	61.46M shares	67.16M shares

Balance Sheet

Concept	2018 Q2	2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$226.3M	$175.3M
YoY Change	29.11%	-25.31%
Cash & Equivalents	$186.5M	$163.9M
Short-Term Investments	$39.88M	$11.38M
Other Short-Term Assets	$14.27M	$10.86M
YoY Change	31.41%	-75.38%
Inventory	$205.4M	$202.4M
Prepaid Expenses	$30.50M	$27.48M
Receivables	$106.3M	$162.4M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$575.1M	$578.5M
YoY Change	-0.59%	0.84%
LONG-TERM ASSETS
Property, Plant & Equipment	$195.8M	$170.8M
YoY Change	14.62%	6.17%
Goodwill	$287.0M	$287.0M
YoY Change	0.0%
Intangibles
YoY Change
Long-Term Investments	$159.3M	$134.9M
YoY Change	18.09%	3358.97%
Other Assets	$34.15M	$20.34M
YoY Change	67.93%	-51.69%
Total Long-Term Assets	$791.7M	$788.1M
YoY Change	0.45%	20.99%
TOTAL ASSETS
Total Short-Term Assets	$575.1M	$578.5M
Total Long-Term Assets	$791.7M	$788.1M
Total Assets	$1.367B	$1.367B
YoY Change	0.01%	11.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$53.66M	$86.00M
YoY Change	-37.61%	-18.18%
Accrued Expenses	$42.20M	$46.20M
YoY Change	-8.66%	20.63%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$118.6M	$145.9M
YoY Change	-18.67%	-7.73%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change		-100.0%
Other Long-Term Liabilities	$7.801M	$54.77M
YoY Change	-85.76%	56.94%
Total Long-Term Liabilities	$121.1M	$60.07M
YoY Change	101.54%	-69.24%
TOTAL LIABILITIES
Total Short-Term Liabilities	$118.6M	$145.9M
Total Long-Term Liabilities	$121.1M	$60.07M
Total Liabilities	$239.7M	$205.9M
YoY Change	16.39%	-41.72%
SHAREHOLDERS EQUITY
Retained Earnings	-$184.7M	-$112.3M
YoY Change	64.51%
Common Stock	$1.325B	$1.273B
YoY Change	4.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.127B	$1.161B
YoY Change
Total Liabilities & Shareholders Equity	$1.367B	$1.367B
YoY Change	0.01%	11.55%

Cashflow Statement

Concept	2018 Q2	2017 Q2
OPERATING ACTIVITIES
Net Income	-$4.272M	$42.91M
YoY Change	-109.96%	137.46%
Depreciation, Depletion And Amortization	$22.64M	$19.60M
YoY Change	15.53%	9.4%
Cash From Operating Activities	$4.689M	-$3.816M
YoY Change	-222.88%	-129.81%
INVESTING ACTIVITIES
Capital Expenditures	$10.83M	$10.75M
YoY Change	0.73%	50.44%
Acquisitions
YoY Change
Other Investing Activities	-$300.0K	-$46.40M
YoY Change	-99.35%	236.23%
Cash From Investing Activities	-$12.84M	-$77.91M
YoY Change	-83.52%	220.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$40.00M	$45.55M
YoY Change	-12.18%	195.01%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$41.00M	-$105.5M
YoY Change	-61.15%	670.23%
NET CHANGE
Cash From Operating Activities	$4.689M	-$3.816M
Cash From Investing Activities	-$12.84M	-$77.91M
Cash From Financing Activities	-$41.00M	-$105.5M
Net Change In Cash	-$49.15M	-$187.2M
YoY Change	-73.75%	670.95%
FREE CASH FLOW
Cash From Operating Activities	$4.689M	-$3.816M
Capital Expenditures	$10.83M	$10.75M
Free Cash Flow	-$6.138M	-$14.57M
YoY Change	-57.86%	-357.56%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2018Q2	crus	Number Of Product Lines NumberOfProductLines	2	product_line
CY2018Q1	crus	Software License Agreement SoftwareLicenseAgreement	21981000	USD
CY2018Q2	crus	Available For Sale Securities Amortized Cost On Gross Unrealized Losses AvailableForSaleSecuritiesAmortizedCostOnGrossUnrealizedLosses	193500000	USD
CY2018Q2	crus	Averagecostpersharerepurchased Averagecostpersharerepurchased	38.87
CY2018Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2018Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2018Q2	crus	Gross Unrealized Loss To Position Value Percent GrossUnrealizedLossToPositionValuePercent	0.03
CY2018Q1	crus	Available For Sale Securities Amortized Cost On Gross Unrealized Losses AvailableForSaleSecuritiesAmortizedCostOnGrossUnrealizedLosses	198200000	USD
CY2018Q2	crus	Software License Agreement SoftwareLicenseAgreement	22775000	USD
CY2018Q1	crus	Software License Agreement Long Term SoftwareLicenseAgreementLongTerm	27765000	USD
CY2018Q2	crus	Software License Agreement Long Term SoftwareLicenseAgreementLongTerm	18650000	USD
CY2018Q2	crus	Standard Product Warranty Term StandardProductWarrantyTerm	P1Y
CY2018Q2	dei	Amendment Flag AmendmentFlag	false
CY2018Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-30
CY2018Q2	dei	Document Period End Date DocumentPeriodEndDate	2018-06-30
CY2018Q2	dei	Document Type DocumentType	10-Q
CY2018Q2	dei	Entity Central Index Key EntityCentralIndexKey	0000772406
CY2018Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	61021170	shares
CY2018Q2	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2018Q2	dei	Entity Registrant Name EntityRegistrantName	CIRRUS LOGIC INC
CY2018Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	69850000	USD
CY2018Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	53655000	USD
CY2018Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	101004000	USD
CY2018Q2	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	126807000	USD
CY2018Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	100801000	USD
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CY2018Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	126604000	USD
CY2018Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	106340000	USD
CY2018Q1	us-gaap	Accrued Income Taxes Noncurrent AccruedIncomeTaxesNoncurrent	92753000	USD
CY2018Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1312434000	USD
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CY2018Q2	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	8000	USD
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CY2017Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	3940000	USD
CY2018Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-107000	USD
CY2017Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-19000	USD
CY2018Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	210000	USD
CY2017Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	45550000	USD
CY2018Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	40000000	USD
CY2017Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1861000	USD
CY2018Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1057000	USD
CY2017Q2	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	148674000	USD
CY2018Q2	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	17937000	USD
CY2017Q2	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	20762000	USD
CY2018Q2	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	1728000	USD
CY2017Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10749000	USD
CY2018Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10827000	USD
CY2018Q1	us-gaap	Pension Contributions PensionContributions	11000000	USD
CY2017Q2	us-gaap	Pension Expense Reversal Of Expense Noncash PensionExpenseReversalOfExpenseNoncash	658000	USD
CY2018Q2	us-gaap	Pension Expense Reversal Of Expense Noncash PensionExpenseReversalOfExpenseNoncash	0	USD
CY2018Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	31235000	USD
CY2018Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	30502000	USD
CY2017Q2	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	102275000	USD
CY2018Q2	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	17655000	USD
CY2017Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	1889000	USD
CY2018Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	60000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	191154000	USD
CY2018Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	195804000	USD
CY2017Q2	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	60000000	USD
CY2018Q2	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	0	USD
CY2017Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	83557000	USD
CY2018Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	97932000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-139345000	USD
CY2018Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-184673000	USD
CY2017Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	320735000	USD
CY2018Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	254483000	USD
CY2017Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	30859000	USD
CY2018Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	32784000	USD
CY2017Q2	us-gaap	Share Based Compensation ShareBasedCompensation	11403000	USD
CY2018Q2	us-gaap	Share Based Compensation ShareBasedCompensation	12794000	USD
CY2017Q2	us-gaap	Stock Issued During Period Shares Share Based Compensation Gross StockIssuedDuringPeriodSharesShareBasedCompensationGross	200000	shares
CY2018Q2	us-gaap	Stock Issued During Period Shares Share Based Compensation Gross StockIssuedDuringPeriodSharesShareBasedCompensationGross	100000	shares
CY2018Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	200000000	USD
CY2018Q2	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	160000000	USD
CY2018Q2	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	1000000	shares
	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	40000000	USD
CY2018Q2	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	40000000	USD
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	1161728000	USD
CY2018Q2	us-gaap	Stockholders Equity StockholdersEquity	1127096000	USD
CY2018Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	55800000	USD
CY2018Q2	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	700000	USD
CY2017Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	3063000	shares
CY2018Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	67160000	shares
CY2018Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	61462000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	64097000	shares
CY2018Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	61462000	shares

Files In Submission

Name	View Source	Status
0000772406-18-000012-index-headers.html	Edgar Link	pending
0000772406-18-000012-index.html	Edgar Link	pending
0000772406-18-000012.txt	Edgar Link	pending
0000772406-18-000012-xbrl.zip	Edgar Link	pending
a10q-crus6302018.htm	Edgar Link	pending
crus-20180630.xml	Edgar Link	completed
crus-20180630.xsd	Edgar Link	pending
crus-20180630_cal.xml	Edgar Link	unprocessable
crus-20180630_def.xml	Edgar Link	unprocessable
crus-20180630_lab.xml	Edgar Link	unprocessable
crus-20180630_pre.xml	Edgar Link	unprocessable
ex311-crus6302018.htm	Edgar Link	pending
ex312-crus6302018.htm	Edgar Link	pending
ex321-crus6302018.htm	Edgar Link	pending
ex322-crus6302018.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
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
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R48.htm	Edgar Link	pending
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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$CRUS
CIRRUS LOGIC, INC. Stock $crus

2018 Q2 Form 10-Q Financial Statement

#000077240618000012 Filed on August 01, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CRUS CIRRUS LOGIC, INC. Stock $crus

2018 Q2 Form 10-Q Financial Statement

#000077240618000012 Filed on August 01, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CRUS
CIRRUS LOGIC, INC. Stock $crus