← WOLFSPEED, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($21.5m) |
($98.1m)
-355.60%
|
($280.0m)
-185.34%
|
($375.1m)
-33.98%
|
($191.7m)
+48.89%
|
($523.9m)
-173.29%
|
($200.9m)
+61.65%
|
($329.9m)
-64.21%
|
— | ($1.6b) | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | ($279.9m) | ($375.1m) | ($190.6m) | ($522.5m) | ($200.9m) | ($329.9m) | ($864.2m) | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $45k | $0 | $1.1m | $1.4m | $0 | $0 | — | — | — | |
| Depreciation, Depletion and Amortization | $159.1m | $150.5m | $153.9m | $143.6m | $123.9m | $120.9m | $129.8m | $164.0m | $181.0m | $252.1m | $252.1m | |
| Depreciation | $118.8m | $110.7m | $110.6m | $97.0m | $100.3m | $100.5m | $100.4m | $148.1m | $175.5m | $243.8m | $175.5m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | $18.3m | $26.3m | $32.8m | $20.1m | $7.5m | $28.4m | $103.6m | — | |
| Amortization of Intangible Assets | $40.4m | $39.8m | $43.3m | $25.4m | — | — | — | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | ($15.8m) | $74.9m | ($41.5m) | ($100k) | ($900k) | $700k | $600k | $500k | $0 | ($10.3m) | ($10.3m) | |
| Share-based Payment Arrangement, Noncash Expense | $58.7m | — | — | $78.0m | $53.3m | $53.2m | $60.9m | $81.9m | $84.9m | $73.3m | $73.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $21.6m | $16.9m | $36.2m | $29.1m | $19.2m | $18.0m | $3.9m | — | |
| Share-based Payment Arrangement, Expense | $58.7m | $47.7m | $43.2m | $49.6m | $54.9m | $53.2m | $60.9m | $81.9m | $84.9m | $73.3m | $73.3m | |
| Goodwill, Impairment Loss | — | — | $247.5m | $90.3m | — | — | — | — | — | $359.2m | $364.0m | |
| Impairment of Intangible Assets, Finite-lived | $6.7m | $1.2m | $1.0m | $1.0m | — | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | — | $4.8m | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | — | — | — | $402.2m | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | — | $0 | ($18.5m) | ($22.6m) | — | |
| Income (Loss) from Equity Method Investments | ($15.4m) | $7.5m | $7.1m | ($16.2m) | $14.2m | $8.3m | $0 | — | — | — | — | |
| Nonoperating Income (Expense) | ($13.0m) | $14.0m | $11.6m | ($29.3m) | $19.0m | ($26.3m) | ($38.3m) | $52.1m | ($127.2m) | $25.5m | — | |
| Other Nonoperating Income (Expense) | $457k | $200k | $506k | $300k | $500k | ($200k) | ($500k) | ($200k) | ($1.4m) | ($800k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($21.8m) | ($17.0m) | $4.8m | ($22.3m) | ($14.9m) | $23.5m | $54.3m | $4.6m | ($7.4m) | $31.4m | ($31.4m) | |
| Increase (Decrease) in Inventories | $23.3m | ($17.9m) | ($11.0m) | $43.3m | ($9.9m) | $44.6m | $68.8m | $97.5m | $152.3m | ($1.3m) | $1.3m | |
| Inventory Write-down | $3.6m | $7.3m | — | — | — | — | — | — | — | — | — | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | — | — | — | — | ($45.8m) | ($48.7m) | ($48.7m) | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | ($1.6m) | $300k | ($2.0m) | ($1.2m) | — | — | |
| Other Operating Income (Expense), Net | — | — | — | ($28.0m) | ($46.2m) | ($29.1m) | ($83.9m) | ($26.3m) | ($18.3m) | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $203.3m |
$215.9m
+6.19%
|
$167.4m
-22.48%
|
$202.3m
+20.88%
|
($29.0m)
-114.34%
|
($125.5m)
-332.76%
|
($154.2m)
-22.87%
|
($142.6m)
+7.52%
|
($725.6m)
-408.84%
|
($711.7m)
+1.92%
|
($711.7m)
0.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $120.0m | $86.9m | $185.7m | $142.4m | $237.1m | $570.5m | $644.9m | $955.8m | $2.3b | $1.3b | ($1.3b) | |
| Property, plant and equipment acquisitions funded by liabilities | $120.0m | $86.9m | $185.7m | $142.4m | $237.1m | $570.5m | $644.9m | $955.8m | $2.3b | $1.3b | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($16.9m) | ($2.5m) | ($10.7m) | ($3.2m) | ($4.7m) | ($5.0m) | ($1.0m) | ($3.8m) | ($1.2m) | $85.9m | $129.1m | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($10.3m) | ($1.3m) | ($7.9m) | ($1.5m) | ($3.3m) | ($4.3m) | ($1.0m) | ($3.7m) | ($800k) | $20.0m | $129.1m | |
| Cash, Cash Equivalents, and Short-term Investments | $605.3m | $610.9m | $387.1m | $1.1b | $1.3b | $1.2b | $1.2b | $3.0b | $2.2b | $955.4m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | $2.0m | $400k | $300k | $0 | — | — | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $312.5m | $125.9m | $224.2m | — | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | ($15.4m) | $7.5m | $7.1m | ($16.2m) | $2.0m | $400k | $300k | $0 | $0 | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $12.5m | $0 | $429.2m | — | $0 | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($7.9m) | ($145.2m) | ($423.9m) | ($227.1m) | ($486.9m) | ($448.6m) | ($391.0m) | ($1.1b) | ($1.9b) | ($268.1m) | ($268.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | $387.0m | — | — | — | — | — | — | ($500k) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | $11.0m | $0 | ($24.8m) | $0 | $0 | — | — | |
| Proceeds from Issuance of Long-term Debt | $653.0m | $468.0m | $670.0m | $95.0m | $0 | $30.0m | $20.0m | — | — | $240.0m | $240.0m | |
| Payments for Repurchase of Common Stock | $149.6m | $104.0m | $0 | $0 | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | $17.7m | $92.6m | $158.0m | $76.4m | $539.7m | $22.4m | $23.8m | $23.4m | $203.9m | $203.9m | |
| Net Cash Provided by (Used in) Financing Activities | ($167.9m) |
($104.1m)
+38.00%
|
$242.7m
+333.16%
|
$406.5m
+67.51%
|
$464.3m
+14.22%
|
$504.1m
+8.57%
|
$615.9m
+22.18%
|
$2.6b
+321.68%
|
$2.0b
-24.61%
|
$400.1m
-79.57%
|
$400.1m
0.00%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.1m) | ($129k) | $185k | $381.6m | ($51.7m) | ($69.8m) | $70.5m | $1.3b | ($711.1m) | ($578.7m) | $467.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $500.5m | $448.8m | $379.0m | $449.5m | $1.8b | $1.0b | $467.2m | $467.2m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($129k) | $185k | ($100k) | ($100k) | $200k | ($200k) | $0 | ($200k) | $1.0m | $1.0m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $3.1m | $3.6m | $6.1m | $4.0m | — | — | — | $0 | $213.5m | $130.3m | — | |
| Income Taxes Paid, Net | $14.7m | $8.5m | $1.2m | $6.1m | $7.1m | $11.0m | $4.4m | $2.9m | $9.8m | $800k | — | |
| Non-cash transactions: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | $14.2m | $8.3m | $0 | $0 | $18.5m | $22.6m | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | — | $0 | ($18.5m) | $22.6m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($4.5m) | $2.5m | $2.2m | ($1.3m) | $1.9m | $1.3m | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | ($2.1m) | $2.6m | $550k | ($1.3m) | $2.2m | $2.2m | $0 | $0 | — | — | — | |
| Gain (Loss) on Disposition of Assets | $1.1m | — | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | ($66.2m) | — | ($800k) | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | $7.9m | $0 | $0 | $50.3m | ($7.7m) | $0 | — | |
| Goodwill | $618.8m | $618.8m | $620.3m | $530.0m | $530.0m | $359.2m | $359.2m | $359.2m | $359.2m | $0 | $364.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | ($16.4m) | ($57.9m) | ($190.6m) | ($341.3m) | ($295.1m) | ($329.9m) | ($573.6m) | ($1.6b) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | ($16.4m) | ($57.9m) | ($191.7m) | ($341.3m) | ($295.1m) | ($329.9m) | ($573.6m) | ($1.6b) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | ($317.2m) | $0 | ($181.2m) | $94.2m | $0 | ($290.6m) | $0 | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | ($182.6m) | $94.2m | $0 | ($290.6m) | $0 | — | |
| Income Tax Expense (Benefit) | ($2.0m) | $93.5m | ($37.5m) | $12.7m | $200k | $1.1m | $9.0m | $1.4m | $1.1m | ($9.7m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $246.3m | $315.2m | — | |
| Investment Income, Interest | — | — | — | — | $16.4m | $10.1m | $11.8m | $58.2m | $135.0m | $67.6m | — | |
| Operating Expenses | $497.5m | $453.2m | $736.7m | — | — | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | — | $6.4m | $5.5m | $8.1m | $11.0m | $13.9m | $16.7m | — | |
| Payments of Financing Costs | — | — | — | — | — | — | — | $82.1m | $46.0m | $47.9m | — | |
| Proceeds from Noncontrolling Interests | — | — | $4.9m | $0 | $0 | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $21.7m | $17.7m | $92.6m | — | — | — | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | — | — | — | — | — | $134.9m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $1.1b | $903.9m | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.