$4.8 B

CREE Mkt cap, 22-Jan-2019
Cree Net income (Q1, 2019)-11.1 M
Cree EBIT (Q1, 2019)525 K
Cree Cash, 23-Sep-2018336.3 M

Cree Revenue

Cree revenue was $1.49 b in FY, 2018 which is a 1.4% year over year increase from the previous period.

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Cree Revenue Breakdown

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Cree revenue breakdown by business segment: 22.0% from Wolfspeed, 39.9% from LED Products and 38.1% from Lighting Products

Cree revenue breakdown by geographic segment: 14.0% from Europe, 26.0% from China, 46.0% from United States and 14.0% from Other

Cree Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018

Revenue

1.6b1.5b1.5b

Revenue growth, %

(1%)(9%)1%

Cost of goods sold

1.1b1.0b1.1b

Gross profit

487.1m434.6m407.6m

Gross profit Margin, %

30%30%27%

R&D expense

168.8m158.5m164.3m

General and administrative expense

283.1m277.2m283.5m

Operating expense total

497.5m435.7m736.7m

EBIT

(10.5m)453.2m(329.1m)

EBIT margin, %

(1%)31%(22%)

Pre tax profit

(23.5m)(4.7m)(317.4m)

Income tax expense

(2.0m)93.5m(37.5m)

Net Income

(21.5m)(98.1m)(279.9m)

Quarterly

USDQ2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

347.0m341.5m360.4m728.3m1.1b

R&D expense

28.1m41.5m41.9m81.6m121.9m46.0m

General and administrative expense

131.0m201.3m72.7m

Operating expense total

102.2m106.0m114.4m233.3m600.5m127.6m

EBIT

8.7m(19.9m)(14.1m)(40.4m)(308.5m)525.0k

EBIT margin, %

3%(6%)(4%)(6%)(28%)

Pre tax profit

3.9m(10.0m)(15.2m)(14.7m)(292.5m)(9.0m)

Income tax expense

5.0m89.0m4.7m(8.6m)(45.8m)2.2m

Net Income

6.2m(99.0m)(19.9m)(6.1m)(246.7m)(11.1m)

Cree Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018

Cash

166.2m132.6m118.9m

Accounts Receivable

165.6m148.4m153.9m

Prepaid Expenses

26.8m23.3m28.3m

Inventories

303.5m284.4m296.0m

Current Assets

1.2b1.1b890.1m

PP&E

599.7m581.3m661.3m

Goodwill

618.8m618.8m620.3m

Total Assets

2.8b2.6b2.6b

Accounts Payable

132.3m133.2m151.3m

Current Liabilities

223.0m212.0m248.3m

Long-term debt

160.0m145.0m292.0m

Non-Current Liabilities

175.2m215.0m317.2m

Total Debt

160.0m145.0m292.0m

Total Liabilities

398.2m427.1m565.5m

Common Stock

125.0k121.0k127.0k

Additional Paid-in Capital

2.4b2.4b2.5b

Retained Earnings

(613.0k)(202.7m)(482.7m)

Total Equity

2.4b2.2b2.1b

Debt to Equity Ratio

0.1 x0.1 x0.1 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

1.2 x1.2 x1.3 x

Quarterly

USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

127.8m137.1m117.1m152.1m169.7m101.2m336.3m

Accounts Receivable

146.1m121.8m149.5m154.9m153.0m143.3m207.6m

Inventories

291.5m281.7m291.1m277.9m273.2m309.9m306.4m

Current Assets

1.5b1.5b1.1b1.1b1.1b909.5m1.2b

PP&E

373.2m360.2m574.3m594.7m612.1m641.4m668.3m

Goodwill

518.1m518.1m618.8m618.8m618.8m617.7m620.3m

Total Assets

2.8b2.7b2.6b2.7b2.7b2.7b3.0b

Current Liabilities

210.9m214.6m207.4m229.4m245.7m243.3m293.6m

Long-term debt

187.0m170.0m153.0m141.0m124.0m316.0m

Non-Current Liabilities

199.6m193.0m219.5m212.6m185.6m342.5m475.3m

Total Debt

187.0m170.0m153.0m141.0m124.0m316.0m

Additional Paid-in Capital

2.4b2.4b2.4b2.4b2.5b2.5b2.7b

Retained Earnings

(35.7m)(92.3m)(196.9m)(222.6m)(208.9m)(449.5m)(483.5m)

Total Equity

2.3b2.3b2.2b2.2b2.3b2.1b2.2b

Debt to Equity Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x0.2 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0 x0.1 x

Financial Leverage

1.2 x1.2 x1.2 x1.2 x1.2 x1.3 x1.4 x

Cree Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018

Net Income

(21.5m)(98.1m)(279.9m)

Depreciation and Amortization

159.1m150.5m153.9m

Accounts Receivable

21.8m17.0m(4.8m)

Inventories

(23.3m)17.9m11.0m

Accounts Payable

(12.1m)(4.8m)14.3m

Cash From Operating Activities

203.3m215.9m167.4m

Purchases of PP&E

(120.0m)(86.9m)(185.7m)

Cash From Investing Activities

(7.9m)(145.2m)(423.9m)

Long-term Borrowings

(693.0m)(483.0m)(523.0m)

Cash From Financing Activities

(167.9m)(104.1m)242.7m

Net Change in Cash

26.4m(33.6m)(13.7m)

Interest Paid

3.1m3.6m6.1m

Income Taxes Paid

14.7m8.5m1.2m

Quarterly

USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

566.0k6.8m(92.2m)

Depreciation and Amortization

35.9m62.6m113.5m37.4m74.6m113.2m39.8m

Accounts Receivable

(9.2m)13.6m16.1m(6.0m)(4.2m)5.7m(53.6m)

Inventories

(10.8m)1.3m12.1m7.0m11.3m(4.6m)(10.1m)

Cash From Operating Activities

18.1m119.7m163.2m54.1m105.8m125.4m34.0m

Purchases of PP&E

(19.3m)(35.2m)(56.9m)(36.4m)(85.2m)(128.4m)(36.6m)

Cash From Investing Activities

(48.2m)(67.7m)(108.2m)(34.3m)(97.7m)(393.8m)(102.3m)

Cash From Financing Activities

(8.2m)(80.4m)(103.6m)(831.0k)28.6m236.3m285.6m

Cree Ratios

USDY, 2018

Financial Leverage

1.4 x
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Cree Operating Metrics

Cree's Backlog was reported to be $567.2m in FY, 2018.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Backlog

$193.20 m$238.40 m$181.70 m$453.70 m$567.20 m

Patents (Foreign)

2.34 k2.73 k2.98 k3.08 k3.26 k

Patents (US)

1.33 k1.58 k1.82 k2.11 k2.25 k
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Cree Employee Rating

3.1429 votes
Culture & Values
3.0
Work/Life Balance
2.9
Senior Management
2.8
Salary & Benefits
3.3
Career Opportunities
3.0
Source