CIRRUS LOGIC, INC. (CRUS) [Rocket]

In millions, except per share items	Mar-25-23	Mar-26-22	Mar-27-21	Mar-28-20	Mar-30-19	Mar-31-18	Mar-25-17	Mar-26-16
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Net sales	1,897.6	1,781.5	1,369.2	1,281.1	1,185.5	1,532.2	1,538.9	1,169.3
Net sales growth	6.5%	30.1%	6.9%	8.1%	-22.6%	-0.4%	31.6%	27.6%
Cost of sales	940.6	857.8	661.9	607.0	588.0	771.5	781.1
Gross profit	957.0	923.6	707.3	674.2	597.5	760.7	757.8	554.8
Gross margin	50.4%	51.8%	51.7%	52.6%	50.4%	49.6%	49.2%	47.5%

Operating expenses
Research and development	458.4	406.3	342.8	347.6	375.1	366.4	303.7	269.2
Selling, general and administrative	153.1	151.0	127.0	131.1	126.5	131.8	127.3	117.1
Total operating expenses	707.9	557.3	470.1	500.7	496.7	498.3	440.8	760.9
Income from operations	249.0	366.3	237.2	173.5	100.8	262.5	317.1	180.2
Operating margin	13.1%	20.6%	17.3%	13.5%	8.5%	17.1%	20.6%	15.4%
Interest income	10.0	1.6	6.3	10.5	8.0	4.8	1.7	0.9
Other income	-3.4	1.7	2.8	-1.6	-0.2	-1.0	-0.1	-1.8
Income before income taxes	254.7	368.7	245.2	181.3
Provision for income taxes	78.0	42.3	27.9	21.8	3.8	103.1	53.8	52.4
Net income	176.7	326.4	217.3	159.5	90.0	162.0	261.2	123.6

Basic earnings per share (in dollars per share)	$3.18	$5.70	$3.74	$2.74	$1.50	$2.55	$4.12	$1.96
Diluted earnings per share (in dollars per share)	$3.09	$5.52	$3.62	$2.64	$1.46	$2.46	$3.92	$1.87

Basic weighted average common shares outstanding (in shares)	55.6	57.3	58.1	58.3	60.1	63.4	63.3	63.2
Diluted weighted average common shares outstanding (in shares)	57.2	59.1	60.1	60.5	61.6	66.0	66.6	66.0