← CIRRUS LOGIC, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $261.2m |
$162.0m
-37.98%
|
$90.0m
-44.45%
|
$159.5m
+77.24%
|
$217.3m
+36.27%
|
$326.4m
+50.16%
|
$176.7m
-45.86%
|
$274.6m
+55.39%
|
$331.5m
+20.74%
|
$414.4m
+25.01%
|
— | |
| Depreciation, Depletion and Amortization | $63.4m | $81.4m | $79.8m | $68.2m | $47.1m | $62.1m | $71.2m | $48.3m | $51.0m | $52.3m | $52.3m | |
| Amortization of Intangible Assets | $37.4m | $53.7m | $47.8m | $28.3m | $14.5m | $29.0m | $33.7m | $9.0m | $7.6m | $7.6m | — | |
| Deferred Income Tax Expense (Benefit) | $10.9m | $11.6m | $1.7m | ($5.9m) | ($5.6m) | ($15.0m) | ($34.5m) | ($13.3m) | ($31k) | ($1.1m) | $215k | |
| Deferred Other Tax Expense (Benefit) | $17.7m | $15.2m | ($1.6m) | ($5.1m) | ($5.5m) | ($15.1m) | ($34.6m) | ($13.4m) | ($98k) | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $39.6m | $48.7m | $49.7m | $53.8m | $56.8m | $66.4m | $81.6m | $89.3m | $84.1m | $81.8m | $81.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $14.1m | $17.8m | $13.1m | $18.3m | $18.4m | $22.7m | $18.1m | $19.0m | $37.6m | $38.1m | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $10.0m | $0 | $0 | $85.8m | $0 | $0 | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | $5.6m | $563k | $0 | — | — | |
| Other Nonoperating Income (Expense) | ($79k) | ($971k) | ($217k) | ($1.6m) | $2.8m | $1.7m | ($3.4m) | ($108k) | $1.5m | ($487k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $31.4m | ($19.2m) | $14.3m | $33.1m | ($45.3m) | $124.8m | ($89.8m) | $12.8m | $53.5m | $4.1m | ($39.9m) | |
| Increase (Decrease) in Inventories | $25.9m | $37.9m | ($40.6m) | ($17.8m) | $26.5m | ($42.5m) | $95.0m | ($6.2m) | $71.8m | ($58.2m) | $16.2m | |
| Inventory Write-down | $6.7m | $9.7m | $6.2m | $2.8m | $1.2m | $6.5m | $9.9m | — | $4.2m | $8.0m | — | |
| Increase (Decrease) in Accounts Payable | $1.8m | $143k | ($22.0m) | $27.6m | $21.1m | $10.5m | ($34.3m) | ($23.9m) | $9.1m | $17.5m | $18.3m | |
| Net Cash Provided by (Used in) Operating Activities | $369.8m |
$318.7m
-13.80%
|
$206.7m
-35.15%
|
$295.8m
+43.12%
|
$348.9m
+17.96%
|
$124.8m
-64.25%
|
$339.6m
+172.19%
|
$421.7m
+24.18%
|
$444.4m
+5.38%
|
$650.6m
+46.41%
|
$598.6m
-7.99%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $41.8m | $55.2m | $31.6m | $15.7m | $18.3m | $26.1m | $35.1m | $37.6m | $22.8m | $14.0m | ($27.6m) | |
| Property, plant and equipment acquisitions funded by liabilities | $41.8m | $55.2m | $31.6m | $15.7m | $18.3m | $26.1m | $35.1m | $37.6m | $22.8m | $14.0m | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($10.4m) | ($626k) | $2.7m | ($379k) | ($371k) | ($642k) | ($656k) | ($76k) | ($382k) | $0 | $382k | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $0 | — | — | — | $276.9m | $0 | $0 | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($69.9m) | ($184.7m) | ($54.7m) | ($100.2m) | ($77.7m) | ($18.4m) | ($33.3m) | ($163.0m) | ($124.3m) | ($75.1m) | ($88.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $15.4m | $175.8m | $160.0m | $120.0m | $110.0m | $167.5m | $191.4m | $186.0m | $261.0m | $280.0m | — | |
| Proceeds from (Payments for) Other Financing Activities | ($1.2m) | ($392k) | $0 | $0 | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($117.5m) |
($249.6m)
-112.37%
|
($171.5m)
+31.29%
|
($119.6m)
+30.22%
|
($121.2m)
-1.32%
|
($178.7m)
-47.44%
|
($230.3m)
-28.83%
|
($201.7m)
+12.41%
|
($283.2m)
-40.43%
|
($314.2m)
-10.92%
|
($248.5m)
+20.90%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $182.4m | ($115.6m) | ($19.4m) | $75.9m | $150.0m | ($72.3m) | $76.0m | $57.0m | $36.9m | $261.3m | $810.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $292.1m | $442.2m | $369.8m | $445.8m | $502.8m | $539.6m | $800.9m | $810.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $612k | $457k | $610k | $572k | $537k | $658k | $404k | $532k | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | $43.4m | $51.7m | $49.6m | — | |
| Non-cash transactions: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | ($1.1m) | $0 | ($13.8m) | $0 | $0 | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | $4.9m | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Goodwill | $286.8m | $288.7m | $286.2m | $287.1m | $287.5m | $435.8m | $435.9m | $435.9m | $435.9m | $435.9m | $0 | |
| Income Tax Expense (Benefit) | $53.8m | $103.1m | $3.8m | $21.8m | $27.9m | $42.3m | $78.0m | $89.4m | $113.4m | $82.3m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $898k | $898k | — | |
| Operating Expenses | $440.8m | $498.3m | $496.7m | $500.7m | $470.1m | $557.3m | $707.9m | $572.6m | $585.7m | $593.8m | — | |
| Operating Lease, Expense | — | — | — | — | $19.2m | $19.9m | $24.4m | $23.6m | $26.2m | $26.1m | — | |
| Operating Lease, Lease Income | — | — | — | $1.3m | $1.4m | $1.5m | $464k | $164k | $944k | $2.0m | — | |
| Pension Expense (Reversal of Expense), Noncash | — | — | — | $0 | $0 | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $16.5m | $4.4m | $1.6m | $18.6m | $7.1m | $13.2m | $10.1m | $3.3m | $15.4m | $3.9m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.