Acquired by SMART Global Holdings in December 2021
CREE - Cree, Inc.
NASDAQ
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Technology
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Semiconductors
Durham,
United States
Type: Equity
CREE price evolution
CREE
| (in millions $) | 30 Jun 2021 | 31 Mar 2021 | 31 Dec 2020 | 30 Sep 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1154.6 | $1293.3 | $968.7 | $1138.5 |
| Short term investments | $761.7 | $580.6 | $702.1 | |
| Net receivables | $234.3 | $221.9 | $82 | $108.5 |
| Inventory | $166.6 | $147.5 | $144.3 | $187.3 |
| Total current assets | $1478.7 | $1598.3 | $1479.3 | $1485.3 |
| Long term investments | $67.2 | $66.1 | $53 | |
| Property, plant & equipment | $1292.3 | $1165.1 | $1036.3 | $940.9 |
| Goodwill & intangible assets | $499.7 | $503.8 | $508.1 | $599.7 |
| Total noncurrent assets | $1968.1 | $1909.4 | $1645.6 | $1638 |
| Total investments | $67.2 | $66.1 | $53 | |
| Total assets | $3446.8 | $3507.7 | $3124.9 | $3123.3 |
| Current liabilities | ||||
| Accounts payable | $381.1 | $319.5 | $267.3 | $273.9 |
| Deferred revenue | ||||
| Short long term debt | $5.2 | $0.4 | $0.4 | $0.4 |
| Total current liabilities | $448.8 | $382.8 | $385.6 | $343.4 |
| Long term debt | $833.9 | $823.8 | $813.7 | $803.9 |
| Total noncurrent liabilities | $881.5 | $877.9 | $867.7 | $864.8 |
| Total debt | $839.1 | $824.2 | $814.1 | $804.3 |
| Total liabilities | $1330.3 | $1260.7 | $1253.3 | $1208.2 |
| Shareholders' equity | ||||
| Retained earnings | -$1563.1 | -$1415.5 | -$1306.6 | -$1223.6 |
| Other shareholder equity | $2.7 | $3.5 | $15.5 | $16 |
| Total shareholder equity | $2116.5 | $2247 | $1864.9 | $1908.7 |
| (in millions $) | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 | 31 Dec 2018 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1154.6 | $1251.7 | $1051.4 | $387.08 |
| Short term investments | $802.9 | $550.9 | $268.2 | |
| Net receivables | $234.3 | $114 | $128.9 | $153.88 |
| Inventory | $166.6 | $179.1 | $187.4 | $296.01 |
| Total current assets | $1478.7 | $1592.8 | $1412.8 | $890.09 |
| Long term investments | $55.9 | $39.5 | $57.5 | |
| Property, plant & equipment | $1292.3 | $831.1 | $625.2 | $661.32 |
| Goodwill & intangible assets | $499.7 | $709.6 | $727.9 | $1010.38 |
| Total noncurrent assets | $1968.1 | $1638.2 | $1404.1 | $1747.45 |
| Total investments | $55.9 | $39.5 | $57.5 | |
| Total assets | $3446.8 | $3231 | $2816.9 | $2637.55 |
| Current liabilities | ||||
| Accounts payable | $381.1 | $220.8 | $200.9 | $151.31 |
| Deferred revenue | ||||
| Short long term debt | $5.2 | $3.6 | ||
| Total current liabilities | $448.8 | $291.2 | $268.2 | $248.29 |
| Long term debt | $833.9 | $795.2 | $469.1 | $292 |
| Total noncurrent liabilities | $881.5 | $850.6 | $507.5 | $322.12 |
| Total debt | $839.1 | $798.8 | $469.1 | $292 |
| Total liabilities | $1330.3 | $1141.8 | $775.7 | $570.41 |
| Shareholders' equity | ||||
| Retained earnings | -$1563.1 | -$1039.2 | -$847.5 | -$482.71 |
| Other shareholder equity | $2.7 | $16 | $9.5 | $0.6 |
| Total shareholder equity | $2116.5 | $2083.1 | $2036.2 | $2067.14 |
| (in millions $) | 30 Jun 2021 | 31 Mar 2021 | 31 Dec 2020 | 30 Sep 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $145.8 | $137.3 | $127 | $216.6 |
| Cost of revenue | $102 | $93.3 | $85.7 | $162.6 |
| Gross Profit | $43.8 | $44 | $41.3 | $54 |
| Operating activities | ||||
| Research & development | $45.1 | $46 | $45.5 | $49.6 |
| Selling, general & administrative | $46.6 | $44.2 | $46.8 | $51.9 |
| Total operating expenses | $176.5 | $105.4 | $98.9 | $224 |
| Operating income | -$132.7 | -$61.4 | -$57.6 | -$170 |
| Income from continuing operations | ||||
| EBIT | -$142.5 | -$111.9 | -$83.2 | -$184.3 |
| Income tax expense | $5.1 | -$3 | -$0.2 | $0.1 |
| Interest expense | ||||
| Net income | ||||
| Net income | -$147.6 | -$108.9 | -$83 | -$184.4 |
| Income (for common shares) | -$147.6 | -$108.9 | -$83 | -$184.4 |
| (in millions $) | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 | 31 Dec 2018 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $525.6 | $903.9 | $1080 | $1493.68 |
| Cost of revenue | $361 | $655.6 | $689 | $1086.04 |
| Gross Profit | $164.6 | $248.3 | $391 | $407.64 |
| Operating activities | ||||
| Research & development | $177.8 | $184.2 | $157.9 | $164.32 |
| Selling, general & administrative | $181.6 | $211.4 | $200.7 | $283.49 |
| Total operating expenses | $478.5 | $457.7 | $406.9 | $736.73 |
| Operating income | -$313.9 | -$209.4 | -$15.9 | -$329.09 |
| Income from continuing operations | ||||
| EBIT | -$522.8 | -$191.5 | -$362.4 | -$317.49 |
| Income tax expense | $1.1 | $0.2 | $12.7 | -$37.52 |
| Interest expense | ||||
| Net income | ||||
| Net income | -$523.9 | -$191.7 | -$375.1 | -$279.97 |
| Income (for common shares) | -$523.9 | -$191.7 | -$375.1 | -$279.97 |
| (in millions $) | 30 Jun 2021 | 31 Mar 2021 | 31 Dec 2020 | 30 Sep 2020 |
|---|---|---|---|---|
| Net income | -$147.6 | -$108.9 | -$83 | -$184.4 |
| Operating activities | ||||
| Depreciation | $32.3 | $32.4 | $22.3 | $33.9 |
| Business acquisitions & disposals | $7.1 | $36.6 | ||
| Stock-based compensation | $12.9 | $12.9 | $11.7 | $15.7 |
| Total cash flows from operations | -$50 | -$49.6 | -$26.3 | $0.4 |
| Investing activities | ||||
| Capital expenditures | -$163.7 | -$136.4 | -$144 | -$113.4 |
| Investments | $49.8 | -$185.2 | $107.5 | $99.3 |
| Total cash flows from investing | -$109.1 | -$289.7 | -$33.8 | -$16 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $9.6 | $490.9 | $22.7 | $16.5 |
| Net borrowings | -$0.1 | -$0.1 | -$0.1 | -$0.1 |
| Total cash flows from financing | $6.5 | $483.1 | $11.4 | $3.1 |
| Effect of exchange rate | $0.2 | -$0.3 | $0.4 | $0.1 |
| Change in cash and equivalents | -$152.6 | $143.5 | -$48.3 | -$12.4 |
| (in millions $) | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 | 31 Dec 2018 |
|---|---|---|---|---|
| Net income | -$523.9 | -$191.7 | -$375.1 | -$279.97 |
| Operating activities | ||||
| Depreciation | $120.9 | $123.9 | $143.6 | $153.94 |
| Business acquisitions & disposals | $43.7 | $219 | -$429.16 | |
| Stock-based compensation | $53.2 | $53.3 | $78 | $43.2 |
| Total cash flows from operations | -$125.5 | -$29 | $202.3 | $167.36 |
| Investing activities | ||||
| Capital expenditures | -$557.5 | -$234.5 | -$142.1 | -$185.07 |
| Investments | $71.4 | -$245.2 | -$293.4 | $200.46 |
| Total cash flows from investing | -$448.6 | -$486.9 | -$227.1 | -$423.89 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $539.7 | $76.4 | $158 | $92.62 |
| Net borrowings | -$0.4 | $416.3 | $270.1 | $147 |
| Total cash flows from financing | $504.1 | $464.3 | $406.5 | $242.67 |
| Effect of exchange rate | $0.2 | -$0.1 | -$0.1 | $0.18 |
| Change in cash and equivalents | -$69.8 | -$51.7 | $381.6 | -$13.67 |
News
Fundamentals
| Market cap | N/A |
|---|---|
| Enterprise value | N/A |
| Shares outstanding | 115.89M |
| Revenue | $626.70M |
|---|---|
| EBITDA | -$401.00M |
| EBIT | -$521.90M |
| Net Income | -$523.90M |
| Revenue Q/Q | -29.12% |
| Revenue Y/Y | -30.67% |
| P/E ratio | 0.00 |
|---|---|
| EV/Sales | N/A |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | N/A |
| P/B ratio | 0.00 |
| Book/Share | 18.24 |
| Cash/Share | 9.96 |
| EPS | -$4.52 |
|---|---|
| ROA | -15.87% |
| ROE | -25.75% |
| Debt/Equity | 0.63 |
|---|---|
| Net debt/EBITDA | -0.44 |
| Current ratio | 3.29 |
| Quick ratio | 2.92 |