10-Q Filing

WOLFSPEED, INC. CIK: 895419 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000895419-11-000048`
Period End Date	20110930
Filing Date	20111020
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	cree-20110925.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 36 Cash Flow Statement 58

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$390.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$412.58M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$397.43M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$493.06M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$695.20M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total cash, cash equivalents, and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$632.23M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total cash, cash equivalents, and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$1.09B	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$118.47M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$165.69M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.66M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$6.80M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	109.61M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	115.94M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	109.61M	shares	Point-in-time
Inventories	`InventoryNet`	$203.62M	USD	Point-in-time
Inventories	`InventoryNet`	$176.48M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	115.94M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$18.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$17.86M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$51.49M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$58.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.46B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.08B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$555.93M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$606.86M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$390.50M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$102.86M	USD	Point-in-time
Goodwill	`Goodwill`	$326.18M	USD	Point-in-time
Goodwill	`Goodwill`	$613.84M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.86M	USD	Point-in-time
Total assets	`Assets`	$2.45B	USD	Point-in-time
Total assets	`Assets`	$2.70B	USD	Point-in-time
Accounts payable, trade	`AccountsPayableTradeCurrent`	$74.12M	USD	Point-in-time
Accounts payable, trade	`AccountsPayableTradeCurrent`	$76.59M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$25.70M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$18.49M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$12.58M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$15.49M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$39.98M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$29.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$152.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$140.32M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.90M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$22.94M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$25.02M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$44.84M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$46.92M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.01; 3,000 shares authorized at September 25, 2011 and June 26, 2011; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.01; 3,000 shares authorized at September 25, 2011 and June 26, 2011; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.00125; 200,000 shares authorized at September 25, 2011 and June 26, 2011; 115,939 and 109,607 shares issued and outstanding at September 25, 2011 and June 26, 2011, respectively	`CommonStockValue`	$136.00K	USD	Point-in-time
Common stock, par value $0.00125; 200,000 shares authorized at September 25, 2011 and June 26, 2011; 115,939 and 109,607 shares issued and outstanding at September 25, 2011 and June 26, 2011, respectively	`CommonStockValue`	$144.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$1.59B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$1.82B	USD	Point-in-time
Accumulated other comprehensive income, net of taxes	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$13.09M	USD	Point-in-time
Accumulated other comprehensive income, net of taxes	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$12.52M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$667.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$654.81M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.50B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.26B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.45B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.70B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`SalesRevenueGoodsNet`	$268.98M	USD	1 Quarter
Revenue, net	`SalesRevenueGoodsNet`	$268.44M	USD	1 Quarter
Cost of revenue, net	`CostOfGoodsSold`	$137.91M	USD	1 Quarter
Cost of revenue, net	`CostOfGoodsSold`	$170.95M	USD	1 Quarter
Gross profit	`GrossProfit`	$130.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$98.03M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$24.73M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$34.40M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$29.20M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$45.54M	USD	1 Quarter
Amortization of acquisition related intangibles	`AmortizationOfAcquisitionCosts`	$2.71M	USD	1 Quarter
Amortization of acquisition related intangibles	`AmortizationOfAcquisitionCosts`	$3.92M	USD	1 Quarter
Loss on disposal or impairment of long-lived assets	`GainLossOnDispositionOfProperty`	$-775.00K	USD	1 Quarter
Loss on disposal or impairment of long-lived assets	`GainLossOnDispositionOfProperty`	$-472.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$84.64M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$57.11M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$73.42M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$13.39M	USD	1 Quarter
Other non-operating income (loss), net	`OtherNonoperatingIncomeExpense`	$-62.00K	USD	1 Quarter
Other non-operating income (loss), net	`OtherNonoperatingIncomeExpense`	$974.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeNet`	$2.02M	USD	1 Quarter
Interest income, net	`InvestmentIncomeNet`	$1.97M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$75.37M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.33M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$17.34M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.04M	USD	1 Quarter
Basic net income per share	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic net income per share	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Diluted net income per share	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted net income per share	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	111.87M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.70M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	109.62M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	112.54M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$58.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.13M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$11.44M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$8.00M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.97M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$261.00K	USD	1 Quarter
Loss on disposal or impairment of long-lived assets	`GainLossOnDispositionOfProperty`	$-775.00K	USD	1 Quarter
Loss on disposal or impairment of long-lived assets	`GainLossOnDispositionOfProperty`	$-472.00K	USD	1 Quarter
Amortization of premium/discount on investments	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-3.76M	USD	1 Quarter
Amortization of premium/discount on investments	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$-1.92M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$21.73M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.38M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-12.43M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$13.53M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-434.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.81M	USD	1 Quarter
Accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$-13.71M	USD	1 Quarter
Accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$15.19M	USD	1 Quarter
Accrued salaries and wages and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-4.01M	USD	1 Quarter
Accrued salaries and wages and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-110.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$88.52M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.65M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$61.65M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.96M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$117.11M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$80.87M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$42.59M	USD	1 Quarter
Proceeds from maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$67.57M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00K	USD	1 Quarter
Proceeds from sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$236.52M	USD	1 Quarter
Proceeds from sale of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$30.06M	USD	1 Quarter
Purchase of Ruud Lighting, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$456.01M	USD	1 Quarter
Purchase of Ruud Lighting, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Purchases of patent and licensing rights	`PaymentsToAcquireIntangibleAssets`	$4.16M	USD	1 Quarter
Purchases of patent and licensing rights	`PaymentsToAcquireIntangibleAssets`	$2.07M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-295.89M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-83.20M	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$6.69M	USD	1 Quarter
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.09M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$261.00K	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.97M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.66M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.35M	USD	1 Quarter
Effects of foreign exchange changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$172.00K	USD	1 Quarter
Effects of foreign exchange changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$468.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-251.43M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.15M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$139.17M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$390.60M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$412.58M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$397.43M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$139.17M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$390.60M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$412.58M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$397.43M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.