2022 Q4 Form 10-Q Financial Statement

#000077240622000037 Filed on November 01, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $590.6M $540.6M
YoY Change 7.7% 16.03%
Cost Of Revenue $293.9M $269.3M
YoY Change 13.54% 16.86%
Gross Profit $296.7M $271.3M
YoY Change 2.48% 15.22%
Gross Profit Margin 50.24% 50.18%
Selling, General & Admin $37.26M $39.60M
YoY Change -2.58% 3.84%
% of Gross Profit 12.56% 14.6%
Research & Development $118.1M $115.5M
YoY Change 10.24% 13.08%
% of Gross Profit 39.79% 42.56%
Depreciation & Amortization $18.62M $17.22M
YoY Change 6.75% 8.9%
% of Gross Profit 6.28% 6.35%
Operating Expenses $155.3M $155.1M
YoY Change 6.86% 10.57%
Operating Profit $141.4M $116.2M
YoY Change -1.94% 22.08%
Interest Expense $2.777M $1.285M
YoY Change -3660.26% 3571.43%
% of Operating Profit 1.96% 1.11%
Other Income/Expense, Net -$3.716M $295.0K
YoY Change 4171.26% -84.13%
Pretax Income $140.4M $117.8M
YoY Change -2.48% 21.33%
Income Tax $37.00M $30.60M
% Of Pretax Income 26.35% 25.98%
Net Earnings $103.5M $87.19M
YoY Change -18.93% 2.46%
Net Earnings / Revenue 17.52% 16.13%
Basic Earnings Per Share $1.87 $1.56
Diluted Earnings Per Share $1.83 $1.52
COMMON SHARES
Basic Shares Outstanding 55.06M shares 55.94M shares
Diluted Shares Outstanding 56.58M shares 57.42M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $462.9M $378.9M
YoY Change 132.81% -4.05%
Cash & Equivalents $434.5M $355.0M
Short-Term Investments $28.37M $23.87M
Other Short-Term Assets $88.77M $66.18M
YoY Change 82.58% 44.57%
Inventory $152.4M $164.6M
Prepaid Expenses $38.88M $42.36M
Receivables $270.5M $304.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.013B $956.6M
YoY Change 32.74% 0.79%
LONG-TERM ASSETS
Property, Plant & Equipment $156.6M $158.7M
YoY Change -0.37% -0.48%
Goodwill $435.9M $435.9M
YoY Change -0.42% -0.42%
Intangibles
YoY Change
Long-Term Investments $44.78M $49.01M
YoY Change -37.9% -27.63%
Other Assets $67.91M $71.18M
YoY Change -29.75% -30.82%
Total Long-Term Assets $1.152B $1.208B
YoY Change -11.67% -5.45%
TOTAL ASSETS
Total Short-Term Assets $1.013B $956.6M
Total Long-Term Assets $1.152B $1.208B
Total Assets $2.166B $2.164B
YoY Change 4.73% -2.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $117.4M $118.0M
YoY Change 6.49% -69.49%
Accrued Expenses $70.41M $95.46M
YoY Change -4.22% 8.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $228.5M $282.4M
YoY Change -4.58% -43.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $221.0M $227.1M
YoY Change -16.86% -11.88%
Total Long-Term Liabilities $221.0M $227.1M
YoY Change -16.86% -11.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $228.5M $282.4M
Total Long-Term Liabilities $221.0M $227.1M
Total Liabilities $449.6M $509.5M
YoY Change -11.04% -32.8%
SHAREHOLDERS EQUITY
Retained Earnings $80.87M $40.93M
YoY Change 1160.36% -162.32%
Common Stock $1.639B $1.618B
YoY Change 5.29% 5.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.716B $1.655B
YoY Change
Total Liabilities & Shareholders Equity $2.166B $2.164B
YoY Change 4.73% -2.79%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $103.5M $87.19M
YoY Change -18.93% 2.46%
Depreciation, Depletion And Amortization $18.62M $17.22M
YoY Change 6.75% 8.9%
Cash From Operating Activities $180.9M $35.99M
YoY Change -233.19% 23.36%
INVESTING ACTIVITIES
Capital Expenditures -$7.608M -$10.25M
YoY Change 104.3% 72.89%
Acquisitions
YoY Change
Other Investing Activities $258.0K $1.111M
YoY Change -113.95% -94.04%
Cash From Investing Activities -$7.350M -$9.136M
YoY Change 31.89% -171.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -94.10M -51.14M
YoY Change 87.47% 26.99%
NET CHANGE
Cash From Operating Activities 180.9M 35.99M
Cash From Investing Activities -7.350M -9.136M
Cash From Financing Activities -94.10M -51.14M
Net Change In Cash 79.50M -24.29M
YoY Change -141.49% -1605.08%
FREE CASH FLOW
Cash From Operating Activities $180.9M $35.99M
Capital Expenditures -$7.608M -$10.25M
Free Cash Flow $188.6M $46.24M
YoY Change -242.7% 31.73%

Facts In Submission

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CY2022Q3 us-gaap Income Tax Expense Benefit
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1692000 shares
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2087000 shares
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crus Payments For Long Term Purchase Commitment Capacity Reservation Fee
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us-gaap Stock Issued During Period Shares Share Based Compensation Gross
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CY2022Q3 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
100000 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
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100000 shares
CY2021Q3 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
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us-gaap Number Of Reportable Segments
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crus Number Of Product Lines
NumberOfProductLines
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