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CRUS - Cirrus Logic, Inc.

NASDAQ -> Technology -> Semiconductors
Austin, United States
Type: Equity

CRUS price evolution
CRUS
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 25 Apr 2023
Current assets
Cash $483.93 $277.81 $352.35 $445.78
Short term investments $32.84 $34.64 $35.77 $34.98
Net receivables $217.27 $271.89 $186.03 $150.47
Inventory $256.68 $328.93 $300.96 $233.45
Total current assets $1185.38 $1096.87 $1048.67 $1017.86
Long term investments $70.26 $40.04 $38.03 $36.51
Property, plant & equipment $308.57 $315.15 $292.78 $291.12
Goodwill & intangible assets $467.61 $469.74 $472.38 $474.81
Total noncurrent assets $1031.73 $1007.58 $1007.92 $1046.11
Total investments $103.1 $74.68 $73.79 $71.49
Total assets $2217.11 $2104.45 $2056.59 $2063.97
Current liabilities
Accounts payable $56.23 $87.34 $75.94 $81.46
Deferred revenue
Short long term debt $19.91 $19.86 $19.9 $18.44
Total current liabilities $178.59 $201.19 $202.85 $216.34
Long term debt $138.41 $136.04 $125.07 $122.63
Total noncurrent liabilities $237.76 $194.91 $196.94 $189.34
Total debt $158.32 $155.9 $144.97 $141.07
Total liabilities $416.35 $396.1 $399.8 $405.68
Shareholders' equity
Retained earnings $66.63 -$1.21 -$33.62 -$9.32
Other shareholder equity -$1.7 -$3.14 -$3 -$2.54
Total shareholder equity $1800.76 $1708.36 $1656.79 $1658.28
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Current assets
Cash $445.78 $369.81 $442.16 $292.12
Short term investments $34.98 $10.6 $55.7 $22.01
Net receivables $150.47 $240.26 $108.71 $154
Inventory $233.45 $138.44 $173.26 $146.72
Total current assets $1017.86 $840.01 $842.52 $650.2
Long term investments $36.51 $63.75 $312.76 $283.57
Property, plant & equipment $291.12 $328.08 $288.49 $299.52
Goodwill & intangible assets $474.81 $593.94 $309.55 $321.52
Total noncurrent assets $1046.11 $1283.38 $988.1 $942.48
Total investments $71.49 $74.35 $368.46 $305.58
Total assets $2063.97 $2123.4 $1830.61 $1592.68
Current liabilities
Accounts payable $81.46 $115.42 $102.74 $78.41
Deferred revenue
Short long term debt $18.44 $14.68 $14.57 $13.58
Total current liabilities $216.34 $264.78 $213.61 $158.64
Long term debt $122.63 $163.16 $127.88 $129.31
Total noncurrent liabilities $189.34 $258.8 $228 $204.26
Total debt $141.07 $177.84 $142.46 $142.89
Total liabilities $405.68 $523.58 $441.61 $362.9
Shareholders' equity
Retained earnings -$9.32 $23.43 -$112.69 -$201.68
Other shareholder equity -$2.54 -$2.04 $2.88 -$3.47
Total shareholder equity $1658.28 $1599.82 $1389.01 $1229.78
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 25 Apr 2023
Revenue
Total revenue $618.98 $481.06 $317.02 $372.82
Cost of revenue $301.52 $234.47 $157.63
Gross Profit $317.46 $246.6 $159.39 $186.35
Operating activities
Research & development $112.67 $104.2 $106.22
Selling, general & administrative $37.6 $34.32 $35.38
Total operating expenses $150.25 $140.85 $141.59 $152.8
Operating income $167.21 $105.75 $17.79
Income from continuing operations
EBIT $172.34 $109.65 $22.99
Income tax expense $33.38 $34 $7.17 -$4.92
Interest expense $0.23 $0.24 $0.22 $4.72
Net income
Net income $138.72 $75.41 $15.6 -$53.67
Income (for common shares) $138.72 $75.41 $15.6
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $1897.62 $1781.46 $1369.23 $1281.12
Cost of revenue $940.64 $857.82 $661.93 $606.96
Gross Profit $956.98 $923.64 $707.3 $674.17
Operating activities
Research & development $458.41 $406.31 $342.76 $347.65
Selling, general & administrative $153.14 $151 $127.01 $131.12
Total operating expenses $707.95 $557.3 $470.12 $502.3
Operating income $249.03 $366.34 $237.18 $171.87
Income from continuing operations
EBIT $255.64 $369.61 $246.3 $182.32
Income tax expense $78.04 $42.31 $27.9 $21.77
Interest expense $0.9 $0.95 $1.06 $1.06
Net income
Net income $176.7 $326.36 $217.34 $159.5
Income (for common shares) $176.7 $326.36 $217.34 $159.5
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 25 Apr 2023
Net income $138.72 $75.41 $15.6
Operating activities
Depreciation $12.73 $11.61 $11.94
Business acquisitions & disposals
Stock-based compensation $23.07 $21.33 $22.71
Total cash flows from operations $313.69 -$22.73 -$39.81
Investing activities
Capital expenditures -$9.81 -$8.47 -$12.31
Investments -$27.16 -$0.63 -$2.32
Total cash flows from investing -$36.97 -$9.15 -$14.63 -$33.33
Financing activities
Dividends paid
Sale and purchase of stock -$70.59 -$42.66 -$38.99
Net borrowings
Total cash flows from financing -$70.59 -$42.66 -$38.99 -$230.27
Effect of exchange rate
Change in cash and equivalents $206.13 -$74.54 -$93.44 $75.97
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $176.7 $326.36 $217.34 $159.5
Operating activities
Depreciation $71.2 $62.06 $47.08 $68.24
Business acquisitions & disposals -$276.88
Stock-based compensation $81.64 $66.39 $56.76 $53.76
Total cash flows from operations $339.57 $124.75 $348.94 $295.81
Investing activities
Capital expenditures -$35.09 -$26.14 -$18.25 -$15.66
Investments $3.38 $288.52 -$57.2 -$78.64
Total cash flows from investing -$33.33 -$18.37 -$77.67 -$100.22
Financing activities
Dividends paid
Sale and purchase of stock -$199.32 -$177.01 -$121.22 -$119.65
Net borrowings -$1.72
Total cash flows from financing -$230.27 -$178.73 -$121.22 -$119.65
Effect of exchange rate
Change in cash and equivalents $75.97 -$72.35 $150.04 $75.95
Fundamentals
Market cap $4.99B
Enterprise value $4.67B
Shares outstanding 53.93M
Revenue $1.79B
EBITDA N/A
EBIT N/A
Net Income $176.06M
Revenue Q/Q 4.81%
Revenue Y/Y N/A
P/E ratio 28.35
EV/Sales 2.61
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 2.79
P/B ratio 2.77
Book/Share 33.42
Cash/Share 8.97
EPS $3.26
ROA 8.34%
ROE 10.32%
Debt/Equity 0.24
Net debt/EBITDA N/A
Current ratio 6.64
Quick ratio 5.20