Cirrus logic, inc. (CRUS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10
Net sales

279,291

374,668

388,912

238,253

240,441

324,295

366,305

254,483

303,173

482,741

425,537

320,735

327,864

523,029

428,619

259,428

231,999

347,863

306,756

282,633

255,183

298,606

210,214

152,565

149,659

218,883

190,671

155,125

206,873

310,133

193,774

99,006

110,631

122,368

101,602

92,242

91,433

95,625

100,598

81,915

Cost of sales

133,056

177,163

180,979

115,759

115,802

161,115

181,186

129,924

150,543

247,653

214,255

159,019

163,585

267,877

216,920

132,743

116,745

182,952

164,535

150,179

136,208

167,775

109,647

77,190

76,291

115,034

91,223

75,627

123,259

152,083

93,687

45,566

48,284

56,338

47,247

44,533

45,415

43,163

43,818

35,180

Gross profit

146,235

197,505

207,933

122,494

124,639

163,180

185,119

124,559

152,630

235,088

211,282

161,716

164,279

255,152

211,699

126,685

115,254

164,911

142,221

132,454

118,975

130,831

100,567

75,375

73,368

103,849

99,448

79,498

83,614

158,050

100,087

53,440

62,347

66,030

54,355

47,709

46,018

52,462

56,780

46,735

Operating expenses
Research and development

81,865

88,713

88,239

88,830

92,251

88,575

96,381

97,932

95,556

96,978

90,353

83,557

77,972

76,079

75,673

73,934

65,834

70,290

67,258

65,835

58,070

55,474

44,557

39,777

35,511

32,426

29,722

28,530

30,085

29,608

29,468

24,910

24,105

23,143

19,682

18,767

17,044

16,348

15,450

15,092

Selling, general and administrative

32,464

36,113

33,018

29,520

30,194

30,364

33,160

32,784

36,307

34,604

30,041

30,859

31,752

32,884

32,089

30,540

27,228

30,632

30,103

29,119

30,498

27,783

21,545

19,683

17,823

18,625

19,215

19,198

19,724

19,021

20,194

18,059

17,354

16,488

16,760

14,606

15,920

13,431

15,372

14,011

Acquisition related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,200

14,937

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,455

-

-26

12

-154

-430

-

3,292

0

-

-

0

-

-

-

-395

401

-

Patent agreement and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-78

-752

12,500

-

-

-

-

0

0

0

-695

-

0

0

-

-

-

-

-

-

-

4,000

-

Impairment of non-marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

-

Provision for litigation expenses and settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

0

-135

Gain on sale of asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Total operating expenses

136,254

124,826

121,257

118,350

117,532

118,939

129,541

130,716

131,863

131,582

120,394

114,416

119,566

108,963

107,762

104,474

93,062

101,000

98,113

82,454

88,568

86,457

82,494

59,460

53,308

51,063

48,783

47,993

49,809

51,921

49,662

42,969

41,459

39,631

36,442

33,373

32,353

29,354

27,723

29,238

Income from operations

9,981

72,679

86,676

4,144

7,107

44,241

55,578

-6,157

20,767

103,506

90,888

47,300

44,713

146,189

103,937

22,211

22,192

63,911

44,108

50,000

30,407

44,374

18,073

15,915

20,060

52,786

50,665

31,505

33,805

106,129

50,425

10,471

20,888

26,399

17,913

14,336

13,665

23,108

29,057

17,497

Interest income

2,733

2,651

2,530

2,544

2,507

1,999

1,805

1,706

1,637

1,191

1,005

929

698

415

296

267

243

165

215

254

159

89

136

195

267

222

201

158

106

76

131

127

139

112

112

154

187

212

233

228

Interest expense

-

259

280

259

-

259

280

259

-

279

280

335

-

765

1,299

956

-

863

924

999

-

1,131

2,806

662

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

U.K. pension settlement

-

0

-

-

-

-13,768

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-106

-563

-568

-378

-150

101

-378

210

-158

322

-1,116

-19

82

-47

-261

147

-800

-818

-416

243

392

-1,071

-11,994

501

-27

-45

-38

-17

14

-31

-40

-23

45

-71

-27

-17

40

-31

-14

32

Income before income taxes

12,349

74,508

88,358

6,051

9,205

32,314

56,725

-4,500

21,987

104,740

90,497

47,875

44,913

145,792

102,673

21,669

21,113

62,395

42,983

49,498

29,930

42,261

3,409

15,949

20,300

52,963

50,828

31,646

33,925

106,174

50,516

10,575

21,072

26,440

17,998

14,473

13,892

23,289

29,276

17,757

Provision for income taxes

2,268

6,000

12,100

1,400

2,953

2,400

-1,400

-200

9,944

71,000

17,197

4,963

9,855

23,751

16,634

3,598

7,101

21,011

8,103

16,144

8,581

19,532

2,557

5,701

7,698

11,463

17,461

11,004

7,565

38,312

15,067

3,648

-29,755

9,709

6,751

5,295

-116,514

-1,332

-1,598

155

Net income

10,158

68,512

76,210

4,618

6,157

29,933

58,173

-4,272

12,004

33,779

73,300

42,912

35,058

122,041

86,039

18,071

14,012

41,384

34,880

33,354

21,349

22,729

852

10,248

12,602

41,500

33,367

20,642

26,360

67,862

35,449

6,927

50,827

16,731

11,247

9,178

130,406

24,621

30,874

17,602

Change in unrealized gain (loss) on marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40

-

-30

17

2

59

63

-135

5

-

-

-

-

Tax effect of unrealized (gain) loss on marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-67

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized loss on foreign currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,669

-

67,832

35,466

6,929

50,886

16,794

11,112

9,183

-

-

-

-

Basic earnings per share (in dollars per share)

0.17

1.18

1.31

0.08

0.11

0.50

0.96

-0.07

0.19

0.53

1.16

0.67

0.55

1.91

1.37

0.29

0.23

0.65

0.55

0.53

0.34

0.36

0.01

0.17

0.20

0.66

0.53

0.33

0.42

1.04

0.55

0.11

0.78

0.26

0.17

0.14

1.93

0.36

0.45

0.26

Diluted earnings per share (in dollars per share)

0.16

1.13

1.27

0.08

0.11

0.49

0.93

-0.07

0.20

0.52

1.10

0.64

0.52

1.83

1.30

0.27

0.21

0.63

0.53

0.50

0.33

0.35

0.01

0.16

0.21

0.63

0.50

0.31

0.40

0.99

0.51

0.10

0.74

0.25

0.17

0.13

1.81

0.34

0.42

0.25

Basic weighted average common shares outstanding (in shares)

58,529

58,188

58,011

58,540

59,019

59,511

60,472

61,462

62,647

63,453

63,431

64,097

64,242

63,837

62,787

62,450

62,840

63,328

63,346

63,274

62,854

62,885

62,241

62,032

62,270

62,854

63,217

63,363

63,871

65,055

64,924

64,470

64,254

63,957

64,426

67,099

68,202

68,074

68,513

66,639

Diluted weighted average common shares outstanding (in shares)

60,885

60,492

60,213

60,258

61,656

60,783

62,431

61,462

64,727

65,557

66,360

67,160

67,363

66,748

66,410

65,723

65,472

65,761

66,329

66,410

65,953

65,214

65,085

64,688

64,459

65,368

66,125

66,188

67,214

68,866

69,207

68,529

67,553

66,989

67,265

70,445

73,084

71,695

72,878

70,755