Cirrus logic, inc. (CRUS)
Income statement / TTM
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

1,281,124

1,242,274

1,191,901

1,169,294

1,185,524

1,248,256

1,406,702

1,465,934

1,532,186

1,556,877

1,597,165

1,600,247

1,538,940

1,443,075

1,267,909

1,146,046

1,169,251

1,192,435

1,143,178

1,046,636

916,568

811,044

731,321

711,778

714,338

771,552

862,802

865,905

809,786

713,544

525,779

433,607

426,843

407,645

380,902

379,898

369,571

0

0

0

Cost of sales

606,957

589,703

573,655

573,862

588,027

622,768

709,306

742,375

771,470

784,512

804,736

807,401

781,125

734,285

649,360

596,975

614,411

633,874

618,697

563,809

490,820

430,903

378,162

359,738

358,175

405,143

442,192

444,656

414,595

339,620

243,875

197,435

196,402

193,533

180,358

176,929

167,576

0

0

0

Gross profit

674,167

652,571

618,246

595,432

597,497

625,488

697,396

723,559

760,716

772,365

792,429

792,846

757,815

708,790

618,549

549,071

554,840

558,561

524,481

482,827

425,748

380,141

353,159

352,040

356,163

366,409

420,610

421,249

395,191

373,924

281,904

236,172

230,441

214,112

200,544

202,969

201,995

0

0

0

Operating expenses
Research and development

347,647

358,033

357,895

366,037

375,139

378,444

386,847

380,819

366,444

348,860

327,961

313,281

303,658

291,520

285,731

277,316

269,217

261,453

246,637

223,936

197,878

175,319

152,271

137,436

126,189

120,763

117,945

117,691

114,071

108,091

101,626

91,840

85,697

78,636

71,841

67,609

63,934

0

0

0

Selling, general and administrative

131,115

128,845

123,096

123,238

126,502

132,615

136,855

133,736

131,811

127,256

125,536

127,584

127,265

122,741

120,489

118,503

117,082

120,352

117,503

108,945

99,509

86,834

77,676

75,346

74,861

76,762

77,158

78,137

76,998

74,628

72,095

68,661

65,208

63,774

60,717

59,329

58,734

0

0

0

Acquisition related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-598

2,720

2,708

0

-

0

0

-

-

0

-

-

-

0

0

-

Patent agreement and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,670

0

0

0

-

-

-

-

-695

0

0

0

-

0

0

-

-

-

-

-

-

-

0

-

Impairment of non-marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Provision for litigation expenses and settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Gain on sale of asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Total operating expenses

500,687

481,965

476,078

484,362

496,728

511,059

523,702

514,555

498,255

485,958

463,339

450,707

440,765

414,261

406,298

396,649

374,629

370,135

355,592

339,973

316,979

281,719

246,325

212,614

201,147

197,648

198,506

199,385

194,361

186,011

173,721

160,501

150,905

141,799

131,522

122,803

118,668

0

0

0

Income from operations

173,480

170,606

142,168

111,070

100,769

114,429

173,694

209,004

262,461

286,407

329,090

342,139

317,050

294,529

212,251

152,422

180,211

188,426

168,889

142,854

108,769

98,422

106,834

139,426

155,016

168,761

222,104

221,864

200,830

187,913

108,183

75,671

79,536

72,313

69,022

80,166

83,327

0

0

0

Interest income

10,458

10,232

9,580

8,855

8,017

7,147

6,339

5,539

4,762

3,823

3,047

2,338

1,676

1,221

971

890

877

793

717

638

579

687

820

885

848

687

541

471

440

473

509

490

517

565

665

786

860

0

0

0

Interest expense

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

U.K. pension settlement

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-1,615

-1,659

-995

-805

-217

-225

-4

-742

-971

-731

-1,100

-245

-79

-961

-1,732

-1,887

-1,791

-599

-852

-12,430

-12,172

-12,591

-11,565

391

-127

-86

-72

-74

-80

-49

-89

-76

-70

-75

-35

-22

27

0

0

0

Income before income taxes

181,266

178,122

135,928

104,295

93,744

106,526

178,952

212,724

265,099

288,025

329,077

341,253

315,047

291,247

207,850

148,160

175,989

184,806

164,672

125,098

91,549

81,919

92,621

140,040

155,737

169,362

222,573

222,261

201,190

188,337

108,603

76,085

79,983

72,803

69,652

80,930

84,214

0

0

0

Provision for income taxes

21,768

22,453

18,853

5,353

3,753

10,744

79,344

97,941

103,104

103,015

55,766

55,203

53,838

51,084

48,344

39,813

52,359

53,839

52,360

46,814

36,371

35,488

27,419

42,323

47,626

47,493

74,342

71,948

64,592

27,272

-1,331

-9,647

-8,000

-94,759

-105,800

-114,149

-119,289

0

0

0

Net income

159,498

155,497

116,918

98,881

89,991

95,838

99,684

114,811

161,995

185,049

273,311

286,050

261,209

240,163

159,506

108,347

123,630

130,967

112,312

78,284

55,178

46,431

65,202

97,717

108,111

121,869

148,231

150,313

136,598

161,065

109,934

85,732

87,983

167,562

175,452

195,079

203,503

0

0

0

Change in unrealized gain (loss) on marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

48

141

-11

-8

0

0

0

-

-

-

-

Tax effect of unrealized (gain) loss on marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized loss on foreign currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

161,113

110,075

85,721

87,975

0

0

0

-

-

-

-

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