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Income Statement
Balance Sheet
Cash Flow Statement
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Common Size IS
Op Efficiency
Credit Analysis

WOLFSPEED, INC. (CREE)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-25-23Jun-26-22Jun-27-21Jun-28-20Jun-30-19Jun-24-18Jun-25-17Jun-26-16
   10-K10-K10-K10-K10-K10-K10-K10-K
Operating activities:          
        Net loss  -329.9-200.9-522.5-190.6-375.1-16.4-98.1-21.5
   
Adjustments to reconcile net loss to cash used in operating activities:          
    Depreciation and amortization  164.0129.8120.997.186.2111.6150.5159.1
    Amortization of debt issuance costs and discount, net of non-cash capitalized interest  7.520.132.826.218.3   
    Stock-based compensation  81.960.953.247.242.937.947.758.7
    Loss on disposal or impairment of long-lived assets, including loss on disposal portion of factory optimization and start-up costs  3.81.05.04.55.08.42.516.9
    Amortization of (premium) discount on investments, net  -4.76.16.91.72.34.75.45.3
    Realized gain on sale of investments   -0.3-0.4-1.50.10.1-7.515.4
    Gain on equity investment    -8.3     
    Foreign exchange gain on equity investment    -2.2-2.21.3-0.6-2.62.1
    Deferred income taxes  0.50.70.9-0.5-0.6-39.374.9-15.8
    Changes in operating assets and liabilities:          
        Accounts receivable, net  -4.6-54.3-23.5-3.2-10.4-16.417.021.8
        Inventories  -97.5-68.8-44.6-8.5-24.39.510.5-23.3
        Prepaid expenses and other assets  -18.5-0.4-20.0-3.0-3.6-10.317.48.1
        Accounts payable, trade  30.029.221.7-7.224.313.7-4.8-12.1
        Accrued salaries and wages and other liabilities  -1.1-10.515.3-24.940.816.70.2-11.4
            Cash used in operating activities  -142.6-154.2-125.5-29.0202.3173.5220.5203.3
   
Investing activities:          
    Purchases of property and equipment  -955.8-644.9-570.5-229.9-124.7-172.3-86.9-120.0
    Purchases of patent and licensing rights  -6.5-5.7-5.9-4.4-3.3-5.6-12.4-14.4
    Proceeds from sale of property and equipment, including insurance proceeds  1.73.12.32.60.30.61.45.3
    Purchases of short-term investments  -1,191.0-475.0-475.0-821.4-517.2-200.7-200.4-220.8
    Proceeds from maturities of short-term investments  637.2242.3428.3460.6177.4224.2125.9312.5
    Proceeds from sale of short-term investments  110.1225.251.7118.046.4177.027.242.1
    Reimbursement of property and equipment purchases from long-term incentive agreement  155.5139.010.7     
        Cash used in investing activities  -1,147.0-391.0-448.6-486.9-227.1-423.9-145.2-7.9
   
Financing activities:          
    Proceeds from convertible notes  1,750.0750.0 575.0575.0   
    Proceeds from issuance of common stock  23.822.4539.776.4158.092.617.7 
    Commitment fees on long-term incentive agreement  -1.0-1.0-0.5     
        Cash provided by financing activities  2,597.1615.9504.1464.3406.5236.5-108.7-167.9

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