
Cirrus Logic Inc
NASDAQ:CRUS

Income Statement
Earnings Waterfall
Cirrus Logic Inc
Revenue
|
1.8B
USD
|
Cost of Revenue
|
-881.5m
USD
|
Gross Profit
|
961.9m
USD
|
Operating Expenses
|
-585.1m
USD
|
Operating Income
|
376.8m
USD
|
Other Expenses
|
-71.7m
USD
|
Net Income
|
305.1m
USD
|
Income Statement
Cirrus Logic Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Interest Expense |
5
|
6
|
6
|
4
|
4
|
3
|
3
|
4
|
4
|
4
|
3
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
Revenue |
811
N/A
|
917
+13%
|
1 047
+14%
|
1 143
+9%
|
1 193
+4%
|
1 169
-2%
|
1 146
-2%
|
1 268
+11%
|
1 443
+14%
|
1 539
+7%
|
1 600
+4%
|
1 597
0%
|
1 557
-3%
|
1 532
-2%
|
1 466
-4%
|
1 407
-4%
|
1 248
-11%
|
1 186
-5%
|
1 169
-1%
|
1 192
+2%
|
1 242
+4%
|
1 281
+3%
|
1 286
+0%
|
1 244
-3%
|
1 355
+9%
|
1 369
+1%
|
1 404
+3%
|
1 523
+8%
|
1 585
+4%
|
1 782
+12%
|
1 898
+7%
|
1 973
+4%
|
2 015
+2%
|
1 898
-6%
|
1 821
-4%
|
1 762
-3%
|
1 790
+2%
|
1 789
0%
|
1 846
+3%
|
1 907
+3%
|
1 843
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(431)
|
(491)
|
(564)
|
(619)
|
(634)
|
(614)
|
(597)
|
(649)
|
(734)
|
(781)
|
(807)
|
(805)
|
(785)
|
(772)
|
(742)
|
(709)
|
(623)
|
(588)
|
(574)
|
(574)
|
(590)
|
(607)
|
(606)
|
(593)
|
(650)
|
(662)
|
(684)
|
(747)
|
(772)
|
(858)
|
(911)
|
(950)
|
(985)
|
(941)
|
(907)
|
(873)
|
(880)
|
(873)
|
(900)
|
(925)
|
(882)
|
|
Gross Profit |
380
N/A
|
426
+12%
|
483
+13%
|
525
+9%
|
559
+7%
|
555
-1%
|
549
-1%
|
619
+13%
|
709
+15%
|
758
+7%
|
793
+5%
|
793
0%
|
772
-3%
|
761
-2%
|
724
-5%
|
697
-4%
|
626
-10%
|
598
-4%
|
595
0%
|
618
+4%
|
653
+6%
|
674
+3%
|
679
+1%
|
651
-4%
|
705
+8%
|
707
+0%
|
720
+2%
|
775
+8%
|
813
+5%
|
924
+14%
|
986
+7%
|
1 022
+4%
|
1 029
+1%
|
957
-7%
|
914
-5%
|
889
-3%
|
910
+2%
|
916
+1%
|
946
+3%
|
982
+4%
|
962
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(262)
|
(297)
|
(333)
|
(364)
|
(382)
|
(386)
|
(397)
|
(406)
|
(414)
|
(431)
|
(451)
|
(463)
|
(486)
|
(498)
|
(514)
|
(524)
|
(511)
|
(502)
|
(498)
|
(490)
|
(487)
|
(479)
|
(469)
|
(464)
|
(461)
|
(470)
|
(482)
|
(506)
|
(530)
|
(557)
|
(585)
|
(600)
|
(610)
|
(612)
|
(701)
|
(588)
|
(583)
|
(571)
|
(573)
|
(583)
|
(585)
|
|
Selling, General & Administrative |
(87)
|
(100)
|
(109)
|
(118)
|
(120)
|
(117)
|
(118)
|
(120)
|
(123)
|
(127)
|
(128)
|
(126)
|
(127)
|
(132)
|
(134)
|
(137)
|
(133)
|
(127)
|
(123)
|
(123)
|
(129)
|
(131)
|
(131)
|
(130)
|
(126)
|
(127)
|
(132)
|
(139)
|
(145)
|
(151)
|
(154)
|
(156)
|
(155)
|
(153)
|
(150)
|
(145)
|
(145)
|
(144)
|
(146)
|
(149)
|
(150)
|
|
Research & Development |
(175)
|
(198)
|
(224)
|
(247)
|
(262)
|
(269)
|
(277)
|
(286)
|
(292)
|
(304)
|
(313)
|
(328)
|
(349)
|
(366)
|
(381)
|
(387)
|
(379)
|
(375)
|
(366)
|
(358)
|
(358)
|
(348)
|
(338)
|
(334)
|
(335)
|
(343)
|
(350)
|
(367)
|
(385)
|
(406)
|
(430)
|
(444)
|
(455)
|
(458)
|
(455)
|
(444)
|
(438)
|
(426)
|
(426)
|
(434)
|
(435)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
(10)
|
(10)
|
0
|
0
|
0
|
0
|
0
|
(9)
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(96)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
118
N/A
|
128
+9%
|
150
+17%
|
160
+7%
|
177
+10%
|
169
-5%
|
152
-10%
|
212
+39%
|
295
+39%
|
327
+11%
|
342
+5%
|
329
-4%
|
286
-13%
|
263
-8%
|
209
-20%
|
174
-17%
|
115
-34%
|
96
-16%
|
97
+1%
|
128
+32%
|
166
+29%
|
195
+18%
|
210
+8%
|
188
-11%
|
245
+30%
|
238
-3%
|
238
+0%
|
269
+13%
|
283
+5%
|
366
+29%
|
402
+10%
|
423
+5%
|
420
-1%
|
345
-18%
|
213
-38%
|
301
+41%
|
327
+9%
|
345
+6%
|
372
+8%
|
398
+7%
|
377
-5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(4)
|
(5)
|
(5)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
1
|
2
|
4
|
4
|
5
|
6
|
7
|
5
|
4
|
7
|
5
|
7
|
8
|
4
|
5
|
5
|
3
|
2
|
1
|
0
|
1
|
4
|
9
|
13
|
16
|
18
|
21
|
24
|
29
|
31
|
|
Non-Reccuring Items |
(20)
|
(20)
|
(7)
|
9
|
12
|
12
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
0
|
0
|
0
|
(14)
|
(9)
|
0
|
0
|
5
|
(22)
|
(22)
|
(22)
|
(22)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(96)
|
0
|
(99)
|
(98)
|
(2)
|
0
|
0
|
0
|
|
Total Other Income |
(13)
|
(12)
|
(13)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
2
|
3
|
0
|
3
|
1
|
0
|
3
|
3
|
3
|
4
|
4
|
2
|
3
|
1
|
(3)
|
(3)
|
(4)
|
(4)
|
(1)
|
(0)
|
1
|
1
|
2
|
|
Pre-Tax Income |
82
N/A
|
92
+12%
|
125
+37%
|
165
+32%
|
185
+12%
|
176
-5%
|
148
-16%
|
208
+40%
|
291
+40%
|
315
+8%
|
341
+8%
|
329
-4%
|
288
-12%
|
265
-8%
|
213
-20%
|
179
-16%
|
107
-40%
|
94
-12%
|
104
+11%
|
136
+30%
|
178
+31%
|
181
+2%
|
196
+8%
|
174
-11%
|
230
+32%
|
245
+7%
|
244
0%
|
275
+13%
|
289
+5%
|
369
+28%
|
404
+10%
|
425
+5%
|
421
-1%
|
255
-40%
|
222
-13%
|
214
-4%
|
246
+15%
|
364
+48%
|
398
+9%
|
428
+8%
|
410
-4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(36)
|
(36)
|
(47)
|
(52)
|
(54)
|
(52)
|
(40)
|
(48)
|
(51)
|
(54)
|
(55)
|
(56)
|
(45)
|
(43)
|
(38)
|
(19)
|
(9)
|
(4)
|
(5)
|
(19)
|
(23)
|
(22)
|
(23)
|
(17)
|
(28)
|
(28)
|
(28)
|
(33)
|
(33)
|
(42)
|
(55)
|
(74)
|
(95)
|
(78)
|
(70)
|
(73)
|
(70)
|
(89)
|
(97)
|
(101)
|
(105)
|
|
Income from Continuing Operations |
46
|
55
|
78
|
112
|
131
|
124
|
108
|
160
|
240
|
261
|
286
|
273
|
243
|
222
|
175
|
160
|
98
|
90
|
99
|
117
|
156
|
160
|
173
|
156
|
202
|
217
|
216
|
242
|
255
|
326
|
349
|
351
|
327
|
177
|
153
|
141
|
176
|
275
|
301
|
328
|
305
|
|
Net Income (Common) |
46
N/A
|
55
+19%
|
78
+42%
|
112
+43%
|
131
+17%
|
124
-6%
|
108
-12%
|
160
+47%
|
240
+51%
|
261
+9%
|
286
+9%
|
273
-4%
|
185
-32%
|
162
-12%
|
115
-29%
|
100
-13%
|
96
-4%
|
90
-6%
|
99
+10%
|
117
+18%
|
156
+33%
|
160
+3%
|
173
+9%
|
156
-10%
|
202
+29%
|
217
+7%
|
216
0%
|
242
+12%
|
255
+5%
|
326
+28%
|
349
+7%
|
351
+1%
|
327
-7%
|
177
-46%
|
153
-14%
|
141
-8%
|
176
+25%
|
275
+56%
|
301
+10%
|
328
+9%
|
305
-7%
|
|
EPS (Diluted) |
0.71
N/A
|
0.85
+20%
|
1.18
+39%
|
1.7
+44%
|
1.98
+16%
|
1.87
-6%
|
1.64
-12%
|
2.36
+44%
|
3.6
+53%
|
3.92
+9%
|
4.25
+8%
|
4.11
-3%
|
2.82
-31%
|
2.45
-13%
|
1.86
-24%
|
1.59
-15%
|
1.57
-1%
|
1.46
-7%
|
1.64
+12%
|
1.94
+18%
|
2.58
+33%
|
2.64
+2%
|
2.87
+9%
|
2.59
-10%
|
3.37
+30%
|
3.62
+7%
|
3.63
+0%
|
4.05
+12%
|
4.32
+7%
|
5.52
+28%
|
6.03
+9%
|
6.11
+1%
|
5.77
-6%
|
3.09
-46%
|
2.69
-13%
|
2.5
-7%
|
3.16
+26%
|
4.9
+55%
|
5.4
+10%
|
5.89
+9%
|
5.53
-6%
|