CREE, INC. CREE Balance Sheet

Cree, inc. (CREE)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10
Assets
Current assets:
Cash and cash equivalents
323	382	433	500	456	356	336	118	101	169	152	132	117	137	127	166	115	90	83	139	204	199	196	286	268	269	187	190	178	179	163	178	191	171	139	390	410	465	412	397
Debt Securities, Available-for-sale, Current
529	568	560	550	333	367	329	268	300	480	472	478	474	454	461	439	504	526	548	573	577	629	908	875	954	915	900	833	758	706	652	565	519	515	493	695	662	645	686	668
Total cash, cash equivalents and short-term investments
852	951	993	1,051	789	723	665	387	401	649	624	610	591	591	589	605	620	617	632	713	782	829	1,104	1,162	1,223	1,184	1,088	1,023	937	885	816	744	710	687	632	1,085	1,073	1,110	1,098	1,066
Accounts receivable, net
161	137	137	128	150	192	207	86	143	153	154	148	149	121	146	165	178	183	193	186	216	218	236	225	222	213	209	192	181	144	162	152	168	156	165	118	125	135	123	117
Inventories
170	165	182	187	172	313	306	151	309	273	277	284	291	281	291	303	297	280	289	280	299	332	310	284	251	234	217	197	195	185	179	188	196	187	203	176	169	145	125	112
Income taxes receivable
6	1	0	0	0	1	2	2	7	2	7	8	7	3	9	6	12	8	9	0	1	-	-	-	-	-	-	-	-	-	-	-	1	1	1	6	9	3	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	38	39	29	30	29	29	25	25	26	26	22	21	21	21	18	18	18	17	19	19	18	18
Prepaid expenses
27	24	22	23	19	25	26	24	22	22	23	23	23	22	23	26	20	23	26	29	-	-	-	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
12	12	15	19	25	20	20	12	17	19	15	23	32	45	41	44	57	55	55	54	-	-	-	49	-	-	-	-	-	-	-	-	-	-	-	-	43	38	40	-
Current assets related to discontinued operations
-	-	-	-	340	-	-	223	-	-	-	-	4	434	421	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current assets held for sale
0	0	0	1	-	0	0	2	6	6	2	2	-	-	-	4	5	5	6	4	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69	76	74	-	59	75	108	76	62	61	60	56	56	52	58	51	-	-	-	40
Total current assets
1,230	1,292	1,353	1,412	1,498	1,276	1,229	890	909	1,128	1,106	1,100	1,099	1,499	1,522	1,156	1,193	1,175	1,251	1,308	1,398	1,487	1,756	1,773	1,782	1,733	1,650	1,515	1,399	1,298	1,240	1,164	1,151	1,104	1,080	1,456	1,440	1,453	1,406	1,355
Property and equipment, net
737	692	656	625	607	675	668	589	641	612	594	581	574	360	373	599	612	623	635	635	654	652	635	605	575	569	550	542	550	555	566	582	594	605	606	555	533	495	459	419
Goodwill
530	530	530	530	530	620	620	530	617	618	618	618	618	518	518	618	618	618	618	616	616	616	616	616	616	616	616	616	616	616	616	616	616	617	613	326	326	326	313	313
Intangible assets, net
183	187	191	197	203	374	381	215	400	259	267	274	281	246	252	302	309	323	330	310	322	327	332	336	343	348	352	357	362	366	371	376	380	385	390	102	103	103	104	106
Other long-term investments
31	50	42	39	44	48	50	57	60	72	47	50	42	34	39	40	41	41	34	57	76	79	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets
6	6	5	5	-	-	-	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
18	23	17	5	5	11	11	11	12	12	12	12	8	8	8	9	9	10	19	11	11	11	12	11	45	49	23	19	8	7	7	8	7	5	5	4	4	4	4	5
Deferred income taxes
-	-	-	-	9	7	5	-	10	10	11	11	12	41	38	38	28	27	-	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Long-term assets related to discontinued operations
-	-	-	-	0	-	-	337	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
2,737	2,782	2,796	2,816	2,899	3,014	2,967	2,637	2,652	2,714	2,657	2,649	2,637	2,707	2,752	2,766	2,814	2,820	2,891	2,948	3,079	3,175	3,352	3,344	3,363	3,316	3,193	3,052	2,937	2,844	2,802	2,747	2,751	2,719	2,697	2,446	2,408	2,383	2,288	2,199
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable and accrued expenses
184	176	174	200	111	143	147	148	156	158	146	133	124	109	114	132	129	139	158	163	124	158	198	202	159	166	148	121	112	94	87	78	90	81	74	76	74	80	78	63
Accrued salaries and wages
-	-	-	-	63	59	56	-	50	46	39	41	41	41	36	44	45	52	48	45	41	48	43	50	44	46	41	41	40	39	37	29	34	25	25	18	23	19	25	26
Accrued contract liabilities
45	44	43	45	47	53	51	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable
1	2	1	3	1	2	0	0	-	-	-	-	-	-	-	-	0	0	0	2	0	0	11	14	16	10	10	1	4	8	9	3	1	2	12	15	-	-	12	14
Finance lease liabilities
0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
19	25	23	18	20	35	38	19	35	40	43	36	40	42	41	46	42	43	45	44	33	37	39	38	44	51	57	43	41	32	40	36	33	39	39	29	25	21	15	15
Current liabilities related to discontinued operations
-	-	-	-	90	-	-	80	-	-	-	-	-	21	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent payment due related to LLF acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	-	-
Total current liabilities
251	248	242	268	334	294	293	248	243	245	229	212	207	214	210	222	218	235	251	254	200	244	292	306	263	275	258	207	198	175	174	149	159	149	152	140	123	134	131	120
Long-term liabilities:
Long-term debt
-	-	-	-	0	0	0	292	316	124	141	145	153	170	187	160	225	205	207	200	150	150	45	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible notes, net
486	480	474	469	463	458	452	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities
2	0	1	2	-	-	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance lease liabilities - long-term
2	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	5	2	2	-	0	37	52	49	46	0	0	0	1	1	21	10	14	14	15	12	27	27	25	25	15	15	15	15	21	21	21	21	39	39	39	39
Other long-term liabilities
50	57	52	36	29	36	20	0	26	24	18	20	19	22	11	14	16	18	21	21	24	26	29	35	40	45	27	12	14	16	19	22	24	26	25	22	23	20	16	11
Long-term liabilities related to discontinued operations
-	-	-	-	0	-	-	21	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total long-term liabilities
541	537	528	507	498	496	475	317	342	185	212	215	219	193	199	175	242	224	250	231	188	190	89	47	67	72	53	38	30	32	35	38	46	48	46	44	63	59	55	51
Commitments and contingencies
-	-	-	-	-	-	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0
Shareholders’ equity:
Preferred stock, par value $0.01; 3,000 shares authorized at March 29, 2020 and June 30, 2019; none issued and outstanding
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0
Common stock, par value $0.00125; 200,000 shares authorized at March 29, 2020 and June 30, 2019; 108,153 and 106,570 shares issued and outstanding at March 29, 2020 and June 30, 2019, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in-capital
2,931	2,919	2,895	2,874	2,772	2,703	2,676	2,549	2,509	2,483	2,426	2,419	2,403	2,388	2,369	2,359	2,336	2,321	2,300	2,285	2,261	2,239	2,214	2,190	2,162	2,128	2,067	2,025	1,951	1,900	1,876	1,861	1,843	1,831	1,817	1,593	1,575	1,561	1,521	1,507
Accumulated other comprehensive income
7	9	10	9	2	0	0	0	1	3	7	5	3	3	8	8	7	5	6	5	7	8	9	11	10	10	9	8	11	11	11	11	11	10	12	13	11	11	13	12
Accumulated deficit
-999	-938	-885	-847	-713	-485	-483	-482	-449	-208	-222	-202	-196	-92	-35	-0	10	33	81	170	422	491	745	788	858	830	802	772	745	723	703	687	689	679	667	654	634	616	566	508
Total shareholders’ equity
1,939	1,991	2,020	2,036	2,060	2,218	2,193	2,067	2,061	2,278	2,211	2,222	2,210	2,300	2,342	2,367	2,353	2,360	2,388	2,461	2,690	2,739	2,969	2,990	3,031	2,968	2,880	2,806	2,708	2,635	2,591	2,560	2,544	2,522	2,498	2,261	2,222	2,188	2,100	2,028
Non-controlling interest
5	5	5	5	4	4	4	5	4	4	4	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total equity
1,945	1,996	2,025	2,041	-	-	-	2,072	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and shareholders’ equity
2,737	2,782	2,796	2,816	2,899	3,014	2,967	2,637	2,652	2,714	2,657	2,649	2,637	2,707	2,752	2,766	2,814	2,820	2,891	2,948	3,079	3,175	3,352	3,344	3,363	3,316	3,193	3,052	2,937	2,844	2,802	2,747	2,751	2,719	2,697	2,446	2,408	2,383	2,288	2,199