2024 Q4 Form 10-Q Financial Statement

#000077240624000065 Filed on November 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $541.9M
YoY Change 12.64%
Cost Of Revenue $259.3M
YoY Change 10.58%
Gross Profit $282.6M
YoY Change 14.6%
Gross Profit Margin 52.15%
Selling, General & Admin $37.81M
YoY Change 10.17%
% of Gross Profit 13.38%
Research & Development $112.9M
YoY Change 8.37%
% of Gross Profit 39.96%
Depreciation & Amortization $12.62M
YoY Change 7.85%
% of Gross Profit 4.47%
Operating Expenses $150.7M
YoY Change 7.02%
Operating Profit $131.9M
YoY Change 24.68%
Interest Expense $8.818M
YoY Change 138.32%
% of Operating Profit 6.69%
Other Income/Expense, Net $19.00K
YoY Change -127.14%
Pretax Income $140.0M
YoY Change 27.97%
Income Tax $37.90M
% Of Pretax Income 27.07%
Net Earnings $102.1M
YoY Change 35.45%
Net Earnings / Revenue 18.85%
Basic Earnings Per Share $1.92
Diluted Earnings Per Share $1.83
COMMON SHARES
Basic Shares Outstanding 53.14M shares 53.41M shares
Diluted Shares Outstanding 55.80M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $478.3M
YoY Change 53.09%
Cash & Equivalents $445.8M
Short-Term Investments $32.50M
Other Short-Term Assets $29.45M
YoY Change -58.69%
Inventory $271.8M
Prepaid Expenses $49.59M
Receivables $324.1M
Other Receivables $0.00
Total Short-Term Assets $1.225B
YoY Change 11.67%
LONG-TERM ASSETS
Property, Plant & Equipment $168.3M
YoY Change -1.63%
Goodwill $435.9M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $228.3M
YoY Change 470.76%
Other Assets $53.29M
YoY Change 20.98%
Total Long-Term Assets $1.131B
YoY Change 12.27%
TOTAL ASSETS
Total Short-Term Assets $1.225B
Total Long-Term Assets $1.131B
Total Assets $2.356B
YoY Change 11.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $91.90M
YoY Change 5.22%
Accrued Expenses $110.7M
YoY Change 13.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $229.3M
YoY Change 13.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $24.00K
YoY Change -99.67%
Total Long-Term Liabilities $198.7M
YoY Change 1.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $229.3M
Total Long-Term Liabilities $198.7M
Total Liabilities $428.0M
YoY Change 8.06%
SHAREHOLDERS EQUITY
Retained Earnings $107.2M
YoY Change -8940.31%
Common Stock $1.820B
YoY Change 6.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.928B
YoY Change
Total Liabilities & Shareholders Equity $2.356B
YoY Change 11.96%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $102.1M
YoY Change 35.45%
Depreciation, Depletion And Amortization $12.62M
YoY Change 7.85%
Cash From Operating Activities $8.231M
YoY Change -136.26%
INVESTING ACTIVITIES
Capital Expenditures $2.740M
YoY Change -67.76%
Acquisitions
YoY Change
Other Investing Activities -$2.742M
YoY Change 357.0%
Cash From Investing Activities -$5.482M
YoY Change -40.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -48.34M
YoY Change 13.48%
NET CHANGE
Cash From Operating Activities 8.231M
Cash From Investing Activities -5.482M
Cash From Financing Activities -48.34M
Net Change In Cash -45.59M
YoY Change -38.8%
FREE CASH FLOW
Cash From Operating Activities $8.231M
Capital Expenditures $2.740M
Free Cash Flow $5.491M
YoY Change -117.6%

Facts In Submission

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CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
32499000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
24071000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
23778000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
224751000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
228302000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
173974000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
173374000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
257201000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
260801000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
198045000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
197152000 usd
CY2024Q3 us-gaap Line Of Credit
LineOfCredit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
52373000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.270
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.311
dei Security12b Title
Security12bTitle
Common stock, $0.001 par value
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2603000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
1928127000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
1817014000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2356139000 usd
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2231576000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1628000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
52373000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41171000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
102140000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
75407000 usd
us-gaap Net Income Loss
NetIncomeLoss
144235000 usd
us-gaap Net Income Loss
NetIncomeLoss
91007000 usd
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.92
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.70
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.59
us-gaap Share Based Compensation
ShareBasedCompensation
44046000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-913000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1608000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5800000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
1658282000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.311
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34000000.0 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.311
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54503000 shares
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2525000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1775000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55800000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56278000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.92
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.38
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.34
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
229000 shares
CY2024Q3 us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
200000 shares
us-gaap Stock Issued During Period Shares Share Based Compensation Gross
StockIssuedDuringPeriodSharesShareBasedCompensationGross
400000 shares
CY2023Q3 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
StockIssuedDuringPeriodSharesShareBasedCompensationGross
100000 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
crus Number Of Product Lines
NumberOfProductLines
2 product_line
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
dei Entity File Number
EntityFileNumber
0-17795
CY2024Q3 crus Software License Agreement Liability Current
SoftwareLicenseAgreementLiabilityCurrent
26643000 usd
CY2024Q1 crus Software License Agreement Liability Current
SoftwareLicenseAgreementLiabilityCurrent
31866000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
36073000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
30730000 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
229276000 usd
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
186393000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
129806000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
134576000 usd
CY2024Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
42683000 usd
CY2024Q1 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
52013000 usd
CY2024Q3 crus Software License Agreements Liability Noncurrent
SoftwareLicenseAgreementsLiabilityNoncurrent
26223000 usd
CY2024Q1 crus Software License Agreements Liability Noncurrent
SoftwareLicenseAgreementsLiabilityNoncurrent
41073000 usd
CY2024Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
507000 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1305000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
541857000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
481063000 usd
dei Document Type
DocumentType
10-Q
us-gaap Investment Income Net
InvestmentIncomeNet
8791000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
244000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
243000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
462000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
462000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
19000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
90985000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2080000 usd
CY2023Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
40920000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
19291000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1708355000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
1847630000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
102140000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3832000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
717000 usd
CY2024Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
50291000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
22447000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
1928127000 usd
us-gaap Net Income Loss
NetIncomeLoss
91007000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
189000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-792000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2562000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
79775000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
42006000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1708355000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
1817014000 usd
us-gaap Net Income Loss
NetIncomeLoss
144235000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3549000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
91492000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
43832000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
1928127000 usd
us-gaap Investment Income Net
InvestmentIncomeNet
16798000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
244000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
243000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
462000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
462000 usd
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.34
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-8601000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
121606000 usd
crus Increase Decrease In Advances On Inventory Purchases
IncreaseDecreaseInAdvancesOnInventoryPurchases
-21058000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2080000 usd
CY2023Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
40920000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
19291000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1708355000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
1847630000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
102140000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3832000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
717000 usd
CY2024Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
50291000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
22447000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
1928127000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
189000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-792000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2562000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
79775000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
42006000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1708355000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
1817014000 usd
us-gaap Net Income Loss
NetIncomeLoss
144235000 usd
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3549000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
359000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
10630000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
91492000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
43832000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
1928127000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
257201000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3648000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
8700000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
198045000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1000000.0 usd
CY2024Q1 crus Available For Sale Securities Amortized Cost On Gross Unrealized Losses
AvailableForSaleSecuritiesAmortizedCostOnGrossUnrealizedLosses
172100000 usd
CY2024Q3 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
0 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
260801000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
439465000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
197152000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
257201000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3648000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
48000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
260801000 usd
CY2024Q3 crus Available For Sale Securities Amortized Cost On Gross Unrealized Losses
AvailableForSaleSecuritiesAmortizedCostOnGrossUnrealizedLosses
10800000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
8700000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
25000000.0 usd
CY2024Q3 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
0 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
260801000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
439465000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
197152000 usd
CY2024Q3 us-gaap Number Of Foreign Currency Derivatives Held
NumberOfForeignCurrencyDerivativesHeld
1 derivativecontract
CY2024Q3 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
17400000 usd
CY2024Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
324098000 usd
CY2024Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
162478000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
324098000 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
162478000 usd
CY2024Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
183001000 usd
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
130842000 usd
CY2024Q3 us-gaap Number Of Foreign Currency Derivatives Held
NumberOfForeignCurrencyDerivativesHeld
1 derivativecontract
CY2024Q3 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
17400000 usd
CY2024Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
324098000 usd
CY2024Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
162478000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
324098000 usd
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
162478000 usd
CY2024Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
183001000 usd
CY2024Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
130842000 usd
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
88764000 usd
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
96406000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
271765000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
227248000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
541857000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
481063000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
915883000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
798079000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
541857000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
481063000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
915883000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
798079000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
2300000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
109408000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
196608000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
132178000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37865000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41171000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.266
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37900000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.27
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
52400000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41200000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.266
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.311
CY2024Q3 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
10600000 usd
us-gaap Income Tax Examination Estimate Of Possible Loss
IncomeTaxExaminationEstimateOfPossibleLoss
168300000 usd
crus Income Tax Examination Estimate Of Possible Loss Penalties Expense
IncomeTaxExaminationEstimateOfPossibleLossPenaltiesExpense
63700000 usd
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
88764000 usd
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
96406000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
227248000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
481063000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
915883000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
798079000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
541857000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
481063000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
915883000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
798079000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
2300000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
140005000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
109408000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
196608000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
132178000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34001000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.266
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37900000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.27
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
52400000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.266
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.311
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32100000 usd
CY2024Q3 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
10600000 usd
us-gaap Income Tax Examination Estimate Of Possible Loss
IncomeTaxExaminationEstimateOfPossibleLoss
168300000 usd
crus Income Tax Examination Estimate Of Possible Loss Penalties Expense
IncomeTaxExaminationEstimateOfPossibleLossPenaltiesExpense
63700000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
75407000 usd
us-gaap Net Income Loss
NetIncomeLoss
144235000 usd
us-gaap Net Income Loss
NetIncomeLoss
91007000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53354000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54683000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2399000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1770000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55753000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56453000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.70
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.61
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
364000 shares
CY2021Q3 crus Payments For Purchase Commitment Capacity Reservation Fee
PaymentsForPurchaseCommitmentCapacityReservationFee
60000000 usd
CY2024Q3 crus Unamortized Capacity Reservation Fees
UnamortizedCapacityReservationFees
24000000 usd
CY2021Q3 crus Payments For Purchase Commitments Prepaid Wafers
PaymentsForPurchaseCommitmentsPrepaidWafers
195000000 usd
CY2024Q3 crus Purchase Commitments Prepaid And Long Term Prepaid Wafers
PurchaseCommitmentsPrepaidAndLongTermPrepaidWafers
110000000 usd
CY2024Q3 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
1800000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
102140000 usd
us-gaap Net Income Loss
NetIncomeLoss
144235000 usd
us-gaap Net Income Loss
NetIncomeLoss
91007000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53275000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53354000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54683000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2399000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1770000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55753000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56453000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.70
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.61
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
393000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
364000 shares
CY2021Q3 crus Payments For Purchase Commitment Capacity Reservation Fee
PaymentsForPurchaseCommitmentCapacityReservationFee
60000000 usd
CY2024Q3 crus Unamortized Capacity Reservation Fees
UnamortizedCapacityReservationFees
24000000 usd
CY2021Q3 crus Payments For Purchase Commitments Prepaid Wafers
PaymentsForPurchaseCommitmentsPrepaidWafers
195000000 usd
CY2024Q3 crus Purchase Commitments Prepaid And Long Term Prepaid Wafers
PurchaseCommitmentsPrepaidAndLongTermPrepaidWafers
110000000 usd
CY2024Q3 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
1800000 usd

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