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CREE INC   FYE=6 (June)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date6/30/20186/30/20176/30/20166/30/20156/30/20146/30/20136/30/20126/30/20116/30/20106/30/2009
Product revenue, net1,493.681,473.001,616.631,632.511,647.641,385.981,164.66987.62867.29567.26
Contract revenue, net--------------------
Total Revenues1,493.681,473.001,616.631,632.511,647.641,385.981,164.66987.62867.29567.26
Cost of revenue: Product revenue, net1,086.041,038.431,129.551,158.591,029.89862.72755.20551.84456.18355.35
Cost of revenue: Contract revenue, net--------------------
Gross Profit407.64434.57487.07473.92617.76523.26409.46435.77411.11211.91
Impairment of goodwill--------------------
Goodwill impairment charges247.460.000.00--------------
Intangible asset amortization--------------------
Amortization of acquisition related intangibles30.7727.5028.7326.2231.9930.8226.2710.7812.1816.25
Research and development164.32158.55168.85182.80181.38155.89143.36115.0481.4171.36
In-process research and development costs--------------------
Sales, general and administrative283.49277.18283.05290.73268.46236.58197.09139.30115.6086.93
Other (expense) income--------------------
Severance charges--------------------
Loss on disposal or impairment of long-lived assets(10.69)(2.52)(16.91)(47.72)(2.69)(3.47)(3.48)(1.95)(4.14)(6.78)
Gain on termination of supply agreement--------------------
Wolfspeed transaction termination fee--12.50----------------
Total Operating Expenses736.73453.24497.55547.47484.52426.77370.20267.07213.33181.32
Operating Income / (Loss)(329.09)(18.67)(10.47)(73.55)133.2496.4939.26168.71197.7830.59
Gain on sale of investments, net--------------------
Gain on investments in securities, net--------------------
Interest income, net----------------7.408.80
Interest and other non-operating income, net----------11.06--------
Other non-operating income11.6414.01(13.04)(10.39)13.30--8.399.520.290.28
Income from continuing operations before income taxes(317.45)(4.66)(23.51)(83.94)146.53107.5647.65178.23205.4739.67
Current- Foreign5.677.337.2813.3315.3718.1313.1313.8012.966.61
Current: Federal(2.26)10.305.35(12.47)3.420.48(4.03)31.5045.0112.36
Current: State0.580.901.241.241.881.780.572.746.260.81
Income tax expense (benefit)(37.52)93.45(1.97)(19.25)23.0420.633.2431.7353.189.02
Deferred: Federal(44.07)68.20(26.09)(7.42)(0.09)2.23(4.79)(4.23)(8.18)(6.83)
Deferred: State(2.97)6.53(2.09)(1.17)(0.54)(1.80)(1.19)(0.48)(0.03)(0.72)
Deferred: Foreign5.540.1912.34(12.75)3.00(0.18)(0.45)(11.60)(2.84)(3.21)
Income from Continuing Operations------------------30.65
Income (loss) from discontinued operations, net of related income tax benefit------------------(0.33)
Net (loss) income(279.92)(98.12)(21.54)--------------
Net loss attributable to noncontrolling interest0.05------------------
Net Income (loss) Available to Common Shareholders(279.97)(98.12)(21.54)(64.69)123.4986.9344.41146.50152.2930.33
EPS (BASIC): Income from continuing operations------------------0.35
EPS (BASIC): Income / Loss from discontinued operations------------------0.01
Net Earnings Per Share (Basic)(2.81)(1.00)(0.21)(0.57)1.020.750.391.351.490.34
EPS (DILUTED): Income from continuing operations------------------0.34
EPS (DILUTED): Income / Loss from discontinued operations--------------------
Net Earnings Per Share (Diluted)(2.81)(1.00)(0.21)(0.57)1.000.740.391.331.450.34
Weighted Average Shares Outstanding (Basic)99.5398.49101.78113.02120.62116.62114.69108.52102.3788.26
Weighted Average Shares Outstanding (Diluted)99.5398.49101.78113.02122.91117.98115.23110.04104.7089.08