← CIRRUS LOGIC, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $261.2m | $162.0m | $90.0m | $159.5m | $217.3m | $326.4m | $176.7m | $274.6m | $331.5m | $414.4m | |
| Depreciation, Depletion and Amortization | $63.4m | $81.4m | $79.8m | $68.2m | $47.1m | $62.1m | $71.2m | $48.3m | $51.0m | $52.3m | |
| Amortization of Intangible Assets | $37.4m | $53.7m | $47.8m | $28.3m | $14.5m | $29.0m | $33.7m | $9.0m | $7.6m | $7.6m | |
| Deferred Income Tax Expense (Benefit) | $10.9m | $11.6m | $1.7m | ($5.9m) | ($5.6m) | ($15.0m) | ($34.5m) | ($13.3m) | ($31k) | ($1.1m) | |
| Deferred Other Tax Expense (Benefit) | $17.7m | $15.2m | ($1.6m) | ($5.1m) | ($5.5m) | ($15.1m) | ($34.6m) | ($13.4m) | ($98k) | — | |
| Share-based Payment Arrangement, Noncash Expense | $39.6m | $48.7m | $49.7m | $53.8m | $56.8m | $66.4m | $81.6m | $89.3m | $84.1m | $81.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $14.1m | $17.8m | $13.1m | $18.3m | $18.4m | $22.7m | $18.1m | $19.0m | $37.6m | $38.1m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $10.0m | $0 | $0 | $85.8m | $0 | $0 | $0 | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | $5.6m | $563k | $0 | — | |
| Gain (Loss) on Disposition of Assets | — | — | $4.9m | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($10.4m) | ($626k) | $2.7m | ($379k) | ($371k) | ($642k) | ($656k) | ($76k) | ($382k) | $0 | |
| Income Tax Expense (Benefit) | $53.8m | $103.1m | $3.8m | $21.8m | $27.9m | $42.3m | $78.0m | $89.4m | $113.4m | $82.3m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $898k | $898k | |
| Operating Lease, Expense | — | — | — | — | $19.2m | $19.9m | $24.4m | $23.6m | $26.2m | $26.1m | |
| Operating Lease, Lease Income | — | — | — | $1.3m | $1.4m | $1.5m | $464k | $164k | $944k | $2.0m | |
| Other Nonoperating Income (Expense) | ($79k) | ($971k) | ($217k) | ($1.6m) | $2.8m | $1.7m | ($3.4m) | ($108k) | $1.5m | ($487k) | |
| Changes in operating assets and liabilities: | |||||||||||
| Non-cash transactions: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $31.4m | ($19.2m) | $14.3m | $33.1m | ($45.3m) | $124.8m | ($89.8m) | $12.8m | $53.5m | $4.1m | |
| Increase (Decrease) in Inventories | $25.9m | $37.9m | ($40.6m) | ($17.8m) | $26.5m | ($42.5m) | $95.0m | ($6.2m) | $71.8m | ($58.2m) | |
| Increase (Decrease) in Accounts Payable | $1.8m | $143k | ($22.0m) | $27.6m | $21.1m | $10.5m | ($34.3m) | ($23.9m) | $9.1m | $17.5m | |
| Goodwill | $286.8m | $288.7m | $286.2m | $287.1m | $287.5m | $435.8m | $435.9m | $435.9m | $435.9m | $435.9m | |
| Inventory Write-down | $6.7m | $9.7m | $6.2m | $2.8m | $1.2m | $6.5m | $9.9m | — | $4.2m | $8.0m | |
| Operating Expenses | $440.8m | $498.3m | $496.7m | $500.7m | $470.1m | $557.3m | $707.9m | $572.6m | $585.7m | $593.8m | |
| Pension Expense (Reversal of Expense), Noncash | — | — | — | $0 | $0 | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $16.5m | $4.4m | $1.6m | $18.6m | $7.1m | $13.2m | $10.1m | $3.3m | $15.4m | $3.9m | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | ($1.1m) | $0 | ($13.8m) | $0 | $0 | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $369.8m | $318.7m | $206.7m | $295.8m | $348.9m | $124.8m | $339.6m | $421.7m | $444.4m | $650.6m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $41.8m | $55.2m | $31.6m | $15.7m | $18.3m | $26.1m | $35.1m | $37.6m | $22.8m | $14.0m | |
| Property, plant and equipment acquisitions funded by liabilities | $41.8m | $55.2m | $31.6m | $15.7m | $18.3m | $26.1m | $35.1m | $37.6m | $22.8m | $14.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $0 | — | — | — | $276.9m | $0 | $0 | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($69.9m) | ($184.7m) | ($54.7m) | ($100.2m) | ($77.7m) | ($18.4m) | ($33.3m) | ($163.0m) | ($124.3m) | ($75.1m) | |
| Cash flows from financing activities: | |||||||||||
| Payments for Repurchase of Common Stock | $15.4m | $175.8m | $160.0m | $120.0m | $110.0m | $167.5m | $191.4m | $186.0m | $261.0m | $280.0m | |
| Proceeds from (Payments for) Other Financing Activities | ($1.2m) | ($392k) | $0 | $0 | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($117.5m) | ($249.6m) | ($171.5m) | ($119.6m) | ($121.2m) | ($178.7m) | ($230.3m) | ($201.7m) | ($283.2m) | ($314.2m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $182.4m | ($115.6m) | ($19.4m) | $75.9m | $150.0m | ($72.3m) | $76.0m | $57.0m | $36.9m | $261.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $292.1m | $442.2m | $369.8m | $445.8m | $502.8m | $539.6m | $800.9m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $612k | $457k | $610k | $572k | $537k | $658k | $404k | $532k | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | $43.4m | $51.7m | $49.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.