$CRUS
CIRRUS LOGIC, INC.

2024 Q1 Form 10-Q Financial Statement

#000077240624000011 Filed on February 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $371.8M $619.0M
YoY Change -0.27% 4.81%
Cost Of Revenue $179.2M $301.5M
YoY Change -3.9% 2.6%
Gross Profit $192.6M $317.5M
YoY Change 3.37% 7.0%
Gross Profit Margin 51.81% 51.29%
Selling, General & Admin $36.87M $37.60M
YoY Change -2.06% 0.92%
% of Gross Profit 19.14% 11.85%
Research & Development $103.4M $112.7M
YoY Change -10.23% -4.57%
% of Gross Profit 53.67% 35.49%
Depreciation & Amortization $12.01M $12.68M
YoY Change -36.27% -31.9%
% of Gross Profit 6.23% 4.0%
Operating Expenses $140.2M $150.3M
YoY Change -8.22% -3.25%
Operating Profit $52.38M $167.2M
YoY Change 56.11% 18.25%
Interest Expense $7.360M $4.889M
YoY Change 55.93% 76.05%
% of Operating Profit 14.05% 2.92%
Other Income/Expense, Net -$78.00K -$337.0K
YoY Change -83.19% -90.93%
Pretax Income $59.66M $172.1M
YoY Change -201.83% 22.54%
Income Tax $14.82M $33.38M
% Of Pretax Income 24.83% 19.39%
Net Earnings $44.84M $138.7M
YoY Change -183.55% 34.06%
Net Earnings / Revenue 12.06% 22.41%
Basic Earnings Per Share
Diluted Earnings Per Share $0.81 $2.50
COMMON SHARES
Basic Shares Outstanding 53.93M shares 53.90M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $526.5M $516.8M
YoY Change 9.52% 11.63%
Cash & Equivalents $502.8M $483.9M
Short-Term Investments $23.78M $32.84M
Other Short-Term Assets $189.9M $61.01M
YoY Change 23.99% -31.27%
Inventory $227.2M $256.7M
Prepaid Expenses $48.05M $48.80M
Receivables $162.5M $217.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.106B $1.185B
YoY Change 8.68% 16.96%
LONG-TERM ASSETS
Property, Plant & Equipment $308.5M $167.6M
YoY Change 5.96% 7.01%
Goodwill $435.9M $435.9M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $173.4M $70.26M
YoY Change 374.88% 56.89%
Other Assets $178.0M $77.68M
YoY Change -26.94% 14.38%
Total Long-Term Assets $1.125B $1.032B
YoY Change 7.58% -10.47%
TOTAL ASSETS
Total Short-Term Assets $1.106B $1.185B
Total Long-Term Assets $1.125B $1.032B
Total Assets $2.232B $2.217B
YoY Change 8.12% 2.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.55M $56.23M
YoY Change -31.81% -52.11%
Accrued Expenses $130.8M $90.69M
YoY Change 15.27% 28.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $186.4M $178.6M
YoY Change -13.84% -21.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $228.2M $47.10M
YoY Change 20.51% -78.69%
Total Long-Term Liabilities $228.2M $237.8M
YoY Change 20.51% 7.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $186.4M $178.6M
Total Long-Term Liabilities $228.2M $237.8M
Total Liabilities $414.6M $416.4M
YoY Change 2.19% -7.39%
SHAREHOLDERS EQUITY
Retained Earnings $58.92M $66.63M
YoY Change -732.15% -17.6%
Common Stock $1.761B $1.736B
YoY Change 5.42% 5.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.817B $1.801B
YoY Change
Total Liabilities & Shareholders Equity $2.232B $2.217B
YoY Change 8.12% 2.37%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $44.84M $138.7M
YoY Change -183.55% 34.06%
Depreciation, Depletion And Amortization $12.01M $12.68M
YoY Change -36.27% -31.9%
Cash From Operating Activities $168.6M $313.6M
YoY Change 249.25% 73.34%
INVESTING ACTIVITIES
Capital Expenditures $7.695M $9.850M
YoY Change -33.86% -229.47%
Acquisitions
YoY Change
Other Investing Activities -$94.56M -$27.21M
YoY Change -3871.84% -10645.35%
Cash From Investing Activities -$102.3M -$36.96M
YoY Change 1020.23% 402.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -49.44M -70.64M
YoY Change 77.21% -24.92%
NET CHANGE
Cash From Operating Activities 168.6M 313.6M
Cash From Investing Activities -102.3M -36.96M
Cash From Financing Activities -49.44M -70.64M
Net Change In Cash 16.87M 206.0M
YoY Change 50.12% 159.18%
FREE CASH FLOW
Cash From Operating Activities $168.6M $313.6M
Capital Expenditures $7.695M $9.850M
Free Cash Flow $160.9M $303.8M
YoY Change 339.17% 61.12%

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PaymentsForPurchaseCommitmentsPrepaidWafers
195000000 usd
CY2023Q4 crus Purchase Commitments Prepaid And Long Term Prepaid Wafers
PurchaseCommitmentsPrepaidAndLongTermPrepaidWafers
158000000 usd
CY2023Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P11Y
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
17000000 usd
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
crus-20231230_def.xml Edgar Link unprocessable
0000772406-24-000011-index-headers.html Edgar Link pending
0000772406-24-000011-index.html Edgar Link pending
0000772406-24-000011.txt Edgar Link pending
0000772406-24-000011-xbrl.zip Edgar Link pending
crus-20231230.htm Edgar Link pending
crus-20231230.xsd Edgar Link pending
ex311-crus2623.htm Edgar Link pending
ex312-crus2623.htm Edgar Link pending
ex321-crus2623.htm Edgar Link pending
ex322-crus2623.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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crus-20231230_cal.xml Edgar Link unprocessable
crus-20231230_lab.xml Edgar Link unprocessable
crus-20231230_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
crus-20231230_htm.xml Edgar Link completed
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report.css Edgar Link pending
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