| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||
Net loss from continuing operations | ||||||||||
-375,100 | -279,900 | -98,100 | -21,536 | -64,692 | 123,490 | 86,925 | 44,412 | 146,500 | 152,290 | 30,325 |
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
143,600 | 153,900 | 150,500 | 159,145 | 173,323 | 164,010 | 153,301 | 142,709 | 108,605 | 90,424 | 96,564 |
Amortization of debt issuance costs and discount | ||||||||||
18,300 | 0 | 0 | - | - | - | - | - | - | - | - |
Loss on sale of business | ||||||||||
-66,200 | 0 | 0 | - | - | - | - | - | - | - | - |
Impairment charges | ||||||||||
107,300 | 0 | 0 | - | 254 | 3,200 | 0 | 0 | - | - | - |
Goodwill impairment charges | ||||||||||
90,300 | 247,500 | 0 | 0 | - | - | - | - | - | - | - |
Impairment of acquisition-related intangibles | ||||||||||
107,300 | 0 | 0 | - | - | - | - | - | - | - | - |
Impairment of inventory | ||||||||||
12,200 | 0 | 7,400 | - | - | - | - | - | - | - | - |
Stock-based compensation | ||||||||||
78,000 | 43,200 | 47,700 | 58,728 | 64,299 | 61,686 | 53,899 | 46,393 | 38,240 | 24,067 | 21,112 |
Excess tax benefit from stock-based payment arrangements | ||||||||||
- | - | - | 12 | 1,395 | 19,235 | 11,390 | 277 | 10,141 | 21,722 | 714 |
Loss on disposal or impairment of long-lived assets | ||||||||||
-3,200 | -10,700 | -2,500 | -16,913 | -47,722 | -2,690 | -3,473 | -3,481 | -1,952 | -4,141 | -6,776 |
Amortization of premium/discount on investments | ||||||||||
-2,400 | -4,800 | -5,400 | -5,314 | -6,152 | -10,158 | -9,503 | -8,330 | -15,696 | -9,502 | -1,825 |
Loss on equity investment | ||||||||||
-16,200 | 7,100 | 7,500 | -15,357 | -22,624 | 0 | 0 | - | - | - | - |
Foreign exchange (gain) loss on equity investment | ||||||||||
-1,300 | 600 | 2,600 | -2,057 | -347 | 0 | 0 | - | - | - | - |
Deferred income taxes | ||||||||||
-400 | -40,000 | 74,900 | -15,839 | -21,346 | 2,371 | 245 | - | - | -11,046 | -10,762 |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | ||||||||||
-22,300 | 4,800 | -17,000 | -21,800 | -37,853 | 32,651 | 40,430 | 9,365 | 963 | 14,555 | -7,257 |
Inventories | ||||||||||
43,300 | -11,000 | -10,500 | 23,269 | -3,528 | 87,012 | 8,406 | -26,904 | 63,450 | 33,129 | -820 |
Prepaid expenses and other assets | ||||||||||
-3,800 | 5,400 | -17,400 | -8,103 | 11,112 | -7,926 | 25,595 | 7,356 | 33,398 | 18,084 | -14,585 |
Accounts payable, trade | ||||||||||
6,400 | 14,300 | -4,800 | -12,090 | -44,796 | 66,297 | 41,800 | -10,105 | 18,442 | 15,717 | 1,348 |
Accrued salaries and wages and other liabilities | ||||||||||
28,000 | 25,900 | 200 | -11,355 | -31,507 | 16,378 | 21,909 | -2,846 | 29,897 | 52,964 | 8,783 |
Accrued contract liabilities | ||||||||||
21,600 | 0 | 0 | - | - | - | - | - | - | - | - |
Cash (used in) provided by operating activities | ||||||||||
202,300 | 173,500 | 220,500 | 203,316 | 181,254 | 319,308 | 285,234 | 242,280 | 251,380 | 250,569 | 177,919 |
Investing activities: | ||||||||||
Purchases of property and equipment | ||||||||||
142,400 | 185,700 | 86,900 | 120,018 | 206,160 | 178,557 | 77,468 | 95,015 | 237,085 | 168,624 | 55,283 |
Purchases of patent and licensing rights | ||||||||||
10,600 | 10,100 | 12,400 | 14,443 | 19,491 | 20,183 | 20,858 | 17,204 | 12,752 | 9,273 | 8,660 |
Proceeds from sale of property and equipment | ||||||||||
300 | 600 | 1,400 | 5,296 | 285 | 117 | 301 | 252 | 205 | 228 | 169 |
Purchases of short-term investments | ||||||||||
517,200 | 200,700 | 200,400 | 220,823 | 349,802 | 625,820 | 724,467 | 345,457 | 382,520 | 660,823 | 217,059 |
Proceeds from maturities of short-term investments | ||||||||||
177,400 | 224,200 | 125,900 | 312,524 | 419,802 | 493,288 | 392,878 | 186,425 | 252,603 | 121,808 | 134,561 |
Proceeds from sale of short-term investments | ||||||||||
46,400 | 177,000 | 27,200 | 42,074 | 219,795 | 88,890 | 49,307 | 277,463 | 89,474 | 19,120 | 35,815 |
Payment of contingent consideration for acquired business | ||||||||||
- | - | - | - | - | - | - | - | 13,159 | 8,773 | 4,386 |
Payment of COTCO contingent consideration | ||||||||||
- | - | - | - | - | - | - | - | - | 57,050 | 60,000 |
Purchase of acquired business, net of cash acquired | ||||||||||
- | - | - | 12,513 | 0 | 0 | - | 454,605 | 0 | 0 | - |
Purchase of acquired business, net of cash acquired | ||||||||||
0 | 429,200 | 0 | - | 80,566 | 0 | 0 | - | - | - | - |
Proceeds from sale of business, net | ||||||||||
219,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Cash used in investing activities | ||||||||||
-227,100 | -423,900 | -145,200 | -7,903 | -16,137 | -242,265 | -380,307 | -448,141 | -303,234 | -763,387 | -174,843 |
Financing activities: | ||||||||||
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | ||||||||||
- | - | - | 0 | 0 | - | - | - | - | - | - |
Proceeds from issuing Cree Venture LED stock to noncontrolling interest | ||||||||||
0 | 4,900 | 0 | 0 | - | - | - | - | - | - | - |
Payment of acquisition-related contingent consideration | ||||||||||
0 | 1,800 | 2,800 | - | - | - | - | - | - | - | - |
Proceeds from long-term debt borrowings | ||||||||||
95,000 | 670,000 | 468,000 | 653,000 | 695,000 | 0 | 0 | - | - | - | - |
Payments on long-term debt borrowings, including finance lease obligations | ||||||||||
387,000 | 523,000 | 483,000 | 693,000 | 495,000 | 0 | 0 | - | - | - | - |
Proceeds from convertible notes | ||||||||||
575,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Payments of debt issuance costs | ||||||||||
12,900 | 0 | 0 | - | - | - | - | - | - | - | - |
Net proceeds from issuance of common stock | ||||||||||
158,000 | 92,600 | 17,700 | 21,682 | 36,929 | 100,006 | 96,229 | 5,012 | 34,405 | 598,077 | 26,681 |
Tax withholding on vested equity awards | ||||||||||
21,600 | 6,200 | 4,600 | - | - | - | - | - | - | - | - |
Excess tax benefit from stock-based payment arrangements | ||||||||||
- | - | - | 12 | 1,395 | 19,235 | 11,390 | 277 | 10,141 | 21,722 | 714 |
Repurchases of common stock | ||||||||||
0 | 0 | 104,000 | 149,553 | 549,677 | 99,699 | 1,667 | 11,981 | 0 | 0 | 2,744 |
Cash provided by financing activities | ||||||||||
406,500 | 236,500 | -108,700 | -167,859 | -311,353 | 19,542 | 105,952 | -6,692 | 44,546 | 619,799 | 24,651 |
Effects of foreign exchange changes on cash and cash equivalents | ||||||||||
-100 | 200 | -100 | -1,110 | -878 | 170 | 305 | 840 | 475 | 296 | 794 |
Net change in cash and cash equivalents | ||||||||||
381,600 | -13,700 | -33,500 | 26,444 | -147,114 | 96,755 | 11,184 | -211,713 | -6,833 | 107,277 | 28,521 |
Supplemental cash flow information | ||||||||||
Cash paid for interest | ||||||||||
4,000 | 6,100 | 3,600 | 3,110 | 1,002 | 0 | 0 | - | - | - | - |
Cash paid for income taxes | ||||||||||
6,100 | 1,200 | 8,500 | 14,722 | 28,834 | 10,292 | 24,747 | 17,984 | 31,201 | 33,441 | 13,496 |
Significant non-cash transactions: | ||||||||||
Accrued property and equipment | ||||||||||
- | - | - | 3,721 | 24,243 | 15,700 | 3,945 | 3,343 | - | - | - |