10-Q Filing

WOLFSPEED, INC. CIK: 895419 Q2 2024

Filing Information

Form Type	10-Q
Accession Number	`0000895419-24-000012`
Period End Date	20231231
Filing Date	20240201
Fiscal Year	2024
Fiscal Period	Q2
XBRL Instance	wolf-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 90 Cash Flow Statement 101 Stockholders Equity 41 Comprehensive Income 16

Balance Sheet 102 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$904.40M	USD	Point-in-time
Preferred stock authorized (shares)	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.76B	USD	Point-in-time
Preferred stock authorized (shares)	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.73B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.20B	USD	Point-in-time
Preferred stock issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$2.95B	USD	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$2.64B	USD	Point-in-time
Preferred stock outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$154.80M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$132.60M	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$370.20M	USD	Point-in-time
Inventories	`InventoryNet`	$284.90M	USD	Point-in-time
Common stock authorized (shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock authorized (shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$600.00K	USD	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	125.78M	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	124.79M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$800.00K	USD	Point-in-time
Common stock outstanding (shares)	`CommonStockSharesOutstanding`	125.78M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$36.80M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$78.10M	USD	Point-in-time
Common stock outstanding (shares)	`CommonStockSharesOutstanding`	124.79M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$131.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$228.90M	USD	Point-in-time
Current assets held for sale from discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Current assets held for sale from discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$42.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.61B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.45B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$2.85B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$2.17B	USD	Point-in-time
Goodwill	`Goodwill`	$359.20M	USD	Point-in-time
Goodwill	`Goodwill`	$359.20M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$23.90M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$23.90M	USD	Point-in-time
Long-term receivables	`AccountsReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent`	$2.60M	USD	Point-in-time
Long-term receivables	`AccountsReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent`	$2.50M	USD	Point-in-time
Other long-term investments	`OtherLongTermInvestments`	-	USD	Point-in-time
Other long-term investments	`OtherLongTermInvestments`	$66.10M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.20M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$541.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$303.30M	USD	Point-in-time
Long-term assets held for sale from discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$124.50M	USD	Point-in-time
Long-term assets held for sale from discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	$7.29B	USD	Point-in-time
Total assets	`Assets`	$6.59B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$524.00M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$534.50M	USD	Point-in-time
Accrued contract liabilities	`ContractWithCustomerLiabilityCurrent`	$39.00M	USD	Point-in-time
Accrued contract liabilities	`ContractWithCustomerLiabilityCurrent`	$51.10M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$9.60M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$10.00M	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$400.00K	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityCurrent`	$400.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$35.70M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$85.70M	USD	Point-in-time
Current liabilities held for sale from discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Current liabilities held for sale from discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$8.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$671.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$627.80M	USD	Point-in-time
Long-term debt	`SecuredLongTermDebt`	$1.15B	USD	Point-in-time
Long-term debt	`SecuredLongTermDebt`	$2.14B	USD	Point-in-time
Convertible notes, net	`ConvertibleLongTermNotesPayable`	$3.03B	USD	Point-in-time
Convertible notes, net	`ConvertibleLongTermNotesPayable`	$3.03B	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$3.90M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$10.80M	USD	Point-in-time
Finance lease liabilities - long-term	`FinanceLeaseLiabilityNoncurrent`	$9.20M	USD	Point-in-time
Finance lease liabilities - long-term	`FinanceLeaseLiabilityNoncurrent`	$9.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$281.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$143.50M	USD	Point-in-time
Long-term liabilities held for sale from discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$5.30M	USD	Point-in-time
Long-term liabilities held for sale from discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	-	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$4.34B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$5.47B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.01; 3,000 shares authorized at December 31, 2023 and June 25, 2023; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.01; 3,000 shares authorized at December 31, 2023 and June 25, 2023; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.00125; 400,000 shares authorized at December 31, 2023 and 200,000 shares authorized at June 25, 2023; 125,785 and 124,794 shares issued and outstanding at December 31, 2023 and June 25, 2023, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Common stock, par value $0.00125; 400,000 shares authorized at December 31, 2023 and 200,000 shares authorized at June 25, 2023; 125,785 and 124,794 shares issued and outstanding at December 31, 2023 and June 25, 2023, respectively	`CommonStockValue`	$200.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$3.71B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$3.77B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.60B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.06B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.15B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.25B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.62B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.11B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$1.78B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.44B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$6.59B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$7.29B	USD	Point-in-time

Income Statement 90 line items

Line Item	Tag	Value	Unit	Period
Revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$405.80M	USD	2 Qtrs
Revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$363.20M	USD	2 Qtrs
Revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$208.40M	USD	1 Quarter
Revenue, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$173.80M	USD	1 Quarter
Cost of revenue, net	`CostOfGoodsAndServicesSold`	$117.10M	USD	1 Quarter
Cost of revenue, net	`CostOfGoodsAndServicesSold`	$180.60M	USD	1 Quarter
Cost of revenue, net	`CostOfGoodsAndServicesSold`	$353.30M	USD	2 Qtrs
Cost of revenue, net	`CostOfGoodsAndServicesSold`	$238.80M	USD	2 Qtrs
Gross profit	`GrossProfit`	$52.50M	USD	2 Qtrs
Gross profit	`GrossProfit`	$124.40M	USD	2 Qtrs
Gross profit	`GrossProfit`	$56.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$27.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$39.40M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$45.30M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$79.70M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$89.40M	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$50.40M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$129.00M	USD	2 Qtrs
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$64.90M	USD	1 Quarter
Sales, general and administrative	`SellingGeneralAndAdministrativeExpense`	$100.40M	USD	2 Qtrs
Factory start-up costs	`FactoryOptimizationStartUpCosts`	$37.60M	USD	1 Quarter
Factory start-up costs	`FactoryOptimizationStartUpCosts`	$18.90M	USD	2 Qtrs
Factory start-up costs	`FactoryOptimizationStartUpCosts`	$10.50M	USD	1 Quarter
Factory start-up costs	`FactoryOptimizationStartUpCosts`	$76.00M	USD	2 Qtrs
Amortization of acquisition-related intangibles	`AmortizationOfAcquisitionRelatedIntangibles`	$600.00K	USD	2 Qtrs
Amortization of acquisition-related intangibles	`AmortizationOfAcquisitionRelatedIntangibles`	$600.00K	USD	1 Quarter
Amortization of acquisition-related intangibles	`AmortizationOfAcquisitionRelatedIntangibles`	$300.00K	USD	1 Quarter
Amortization of acquisition-related intangibles	`AmortizationOfAcquisitionRelatedIntangibles`	$1.10M	USD	2 Qtrs
Loss on disposal or impairment of other assets	`GainLossOnSaleOfOtherAssets`	$-200.00K	USD	2 Qtrs
Loss on disposal or impairment of other assets	`GainLossOnSaleOfOtherAssets`	$-300.00K	USD	1 Quarter
Loss on disposal or impairment of other assets	`GainLossOnSaleOfOtherAssets`	$-400.00K	USD	2 Qtrs
Loss on disposal or impairment of other assets	`GainLossOnSaleOfOtherAssets`	$-100.00K	USD	1 Quarter
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-4.60M	USD	1 Quarter
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-3.50M	USD	2 Qtrs
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-7.20M	USD	2 Qtrs
Other operating expense	`OtherOperatingIncomeExpenseNet`	$-1.60M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-136.50M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-193.00M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-73.00M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-98.10M	USD	1 Quarter
Non-operating expense (income), net	`NonoperatingIncomeExpense`	$1.00M	USD	1 Quarter
Non-operating expense (income), net	`NonoperatingIncomeExpense`	$-56.30M	USD	2 Qtrs
Non-operating expense (income), net	`NonoperatingIncomeExpense`	$-27.80M	USD	1 Quarter
Non-operating expense (income), net	`NonoperatingIncomeExpense`	$50.50M	USD	2 Qtrs
Loss before income taxes	`IncomeLossAttributableToParent`	$-125.90M	USD	1 Quarter
Loss before income taxes	`IncomeLossAttributableToParent`	$-72.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossAttributableToParent`	$-86.00M	USD	2 Qtrs
Loss before income taxes	`IncomeLossAttributableToParent`	$-249.30M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$200.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$100.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$500.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$300.00K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-249.80M	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-126.20M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-72.10M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-86.20M	USD	2 Qtrs
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-30.90M	USD	2 Qtrs
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-18.50M	USD	1 Quarter
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-18.80M	USD	1 Quarter
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-290.60M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-395.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-540.40M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-144.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-90.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-117.10M	USD	2 Qtrs
Net loss from continuing operations - diluted (USD per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-1.99	USD	2 Qtrs
Net loss from continuing operations - diluted (USD per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.69	USD	2 Qtrs
Net loss from continuing operations - diluted (USD per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-1.00	USD	1 Quarter
Net loss from continuing operations - diluted (USD per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.58	USD	1 Quarter
Net loss from continuing operations - basic (USD per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.69	USD	2 Qtrs
Net loss from continuing operations - basic (USD per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-1.99	USD	2 Qtrs
Net loss from continuing operations - basic (USD per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-1.00	USD	1 Quarter
Net loss from continuing operations - basic (USD per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.58	USD	1 Quarter
Net loss - basic (USD per share)	`EarningsPerShareBasic`	$-0.94	USD	2 Qtrs
Net loss - basic (USD per share)	`EarningsPerShareBasic`	$-4.31	USD	2 Qtrs
Net loss - basic (USD per share)	`EarningsPerShareBasic`	$-0.73	USD	1 Quarter
Net loss - basic (USD per share)	`EarningsPerShareBasic`	$-1.15	USD	1 Quarter
Net loss - diluted (USD per share)	`EarningsPerShareDiluted`	$-1.15	USD	1 Quarter
Net loss - diluted (USD per share)	`EarningsPerShareDiluted`	$-4.31	USD	2 Qtrs
Net loss - diluted (USD per share)	`EarningsPerShareDiluted`	$-0.94	USD	2 Qtrs
Net loss - diluted (USD per share)	`EarningsPerShareDiluted`	$-0.73	USD	1 Quarter
Weighted average shares - basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	125.36M	shares	2 Qtrs
Weighted average shares - basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	125.60M	shares	1 Quarter
Weighted average shares - basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	124.34M	shares	1 Quarter
Weighted average shares - basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	124.19M	shares	2 Qtrs
Weighted average shares - diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	125.60M	shares	1 Quarter
Weighted average shares - diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	124.34M	shares	1 Quarter
Weighted average shares - diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	124.19M	shares	2 Qtrs
Weighted average shares - diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	125.36M	shares	2 Qtrs

Cash Flow Statement 101 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-395.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-540.40M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-144.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-90.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-117.10M	USD	2 Qtrs
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-30.90M	USD	2 Qtrs
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-18.50M	USD	1 Quarter
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-18.80M	USD	1 Quarter
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-290.60M	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-249.80M	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-126.20M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-72.10M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-86.20M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$88.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$68.00M	USD	2 Qtrs
Amortization of debt issuance costs and discount, net of non-cash capitalized interest	`AmortizationOfFinancingCostsAndDiscounts`	$14.70M	USD	2 Qtrs
Amortization of debt issuance costs and discount, net of non-cash capitalized interest	`AmortizationOfFinancingCostsAndDiscounts`	$2.90M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$42.10M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$38.90M	USD	2 Qtrs
Gain on equity investment	`EquitySecuritiesFvNiGainLoss`	$5.40M	USD	1 Quarter
Gain on equity investment	`EquitySecuritiesFvNiGainLoss`	-	USD	1 Quarter
Gain on equity investment	`EquitySecuritiesFvNiGainLoss`	-	USD	2 Qtrs
Gain on equity investment	`EquitySecuritiesFvNiGainLoss`	$5.40M	USD	2 Qtrs
Loss on disposal or impairment of long-lived assets, including loss on disposal portion of factory start-up costs	`GainLossOnDispositionOfAssets`	$-2.00M	USD	2 Qtrs
Loss on disposal or impairment of long-lived assets, including loss on disposal portion of factory start-up costs	`GainLossOnDispositionOfAssets`	$-400.00K	USD	2 Qtrs
Amortization of (premium) discount on investments, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$13.80M	USD	2 Qtrs
Amortization of (premium) discount on investments, net	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-2.20M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$300.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$100.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$19.10M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-22.20M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$82.60M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$41.50M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.60M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$74.40M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-58.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.60M	USD	2 Qtrs
Accrued salaries and wages and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-32.70M	USD	2 Qtrs
Accrued salaries and wages and other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$5.20M	USD	2 Qtrs
Accrued contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-2.70M	USD	2 Qtrs
Accrued contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$15.00M	USD	2 Qtrs
Net cash used in operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-295.60M	USD	2 Qtrs
Net cash used in operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-69.90M	USD	2 Qtrs
Net cash used in operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-54.30M	USD	2 Qtrs
Net cash used in operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-9.80M	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-79.70M	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-349.90M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$234.10M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.05B	USD	2 Qtrs
Purchases of patent and licensing rights	`PaymentsToAcquireIntangibleAssets`	$2.30M	USD	2 Qtrs
Purchases of patent and licensing rights	`PaymentsToAcquireIntangibleAssets`	$3.20M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.70M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$400.00K	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$814.10M	USD	2 Qtrs
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$1.31B	USD	2 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$115.50M	USD	2 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$734.70M	USD	2 Qtrs
Proceeds from sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$25.80M	USD	2 Qtrs
Proceeds from sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$43.10M	USD	2 Qtrs
Reimbursement of property and equipment purchases from long-term incentive agreement	`ProceedsFromGrants`	$70.70M	USD	2 Qtrs
Reimbursement of property and equipment purchases from long-term incentive agreement	`ProceedsFromGrants`	$79.40M	USD	2 Qtrs
Reimbursement of property and equipment purchases from long-term incentive agreement	`ProceedsFromGrants`	$384.00M	USD	14 Qtrs
Proceeds from sale of business	`ProceedsFromDivestitureOfBusinesses`	$101.80M	USD	2 Qtrs
Proceeds from sale of business	`ProceedsFromDivestitureOfBusinesses`	$75.60M	USD	2 Qtrs
Net cash used in investing activities of continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.45B	USD	2 Qtrs
Net cash used in investing activities of continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-717.70M	USD	2 Qtrs
Net cash used in investing activities of discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-3.10M	USD	2 Qtrs
Net cash used in investing activities of discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-4.30M	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-722.00M	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.45B	USD	2 Qtrs
Proceeds from long-term debt borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	2 Qtrs
Proceeds from long-term debt borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$1.00B	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$1.75B	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$46.00M	USD	2 Qtrs
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$31.40M	USD	2 Qtrs
Cash paid for capped call transactions	`PaymentsForDerivativeInstrumentFinancingActivities`	$273.90M	USD	2 Qtrs
Cash paid for capped call transactions	`PaymentsForDerivativeInstrumentFinancingActivities`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$11.20M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.90M	USD	2 Qtrs
Tax withholding on vested equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$17.30M	USD	2 Qtrs
Tax withholding on vested equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$16.70M	USD	2 Qtrs
Payments on long-term debt borrowings, including finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$300.00K	USD	2 Qtrs
Payments on long-term debt borrowings, including finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$200.00K	USD	2 Qtrs
Commitment fees on long-term incentive agreement	`PaymentOfCommitmentFee`	$1.00M	USD	2 Qtrs
Commitment fees on long-term incentive agreement	`PaymentOfCommitmentFee`	$1.00M	USD	2 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.44B	USD	2 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$947.00M	USD	2 Qtrs
Effects of foreign exchange changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	2 Qtrs
Effects of foreign exchange changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-852.60M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$635.60M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$449.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$904.40M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.76B	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$449.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$904.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.76B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09B	USD	Point-in-time

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period (in shares)	`CommonStockSharesIssued`	125.78M	shares	Point-in-time
Balance at beginning of period (in shares)	`CommonStockSharesIssued`	124.79M	shares	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.15B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.25B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.62B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.11B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$1.78B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.44B	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-395.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-540.40M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-144.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-90.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-117.10M	USD	2 Qtrs
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$12.90M	USD	2 Qtrs
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.90M	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-7.00M	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-3.30M	USD	2 Qtrs
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$3.70M	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$11.00M	USD	1 Quarter
Tax withholding on vested equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$16.90M	USD	1 Quarter
Tax withholding on vested equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.00M	USD	1 Quarter
Tax withholding on vested equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$400.00K	USD	1 Quarter
Tax withholding on vested equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.20M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$29.80M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$32.10M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$21.40M	USD	1 Quarter
Exercise of stock options and issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$500.00K	USD	1 Quarter
Exercise of stock options and issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$500.00K	USD	1 Quarter
Exercise of stock options and issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$10.40M	USD	1 Quarter
Exercise of stock options and issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$10.70M	USD	1 Quarter
Capped call transactions related to the issuance of convertible notes due December 1, 2029	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebtSubsequentAdjustments`	$273.90M	USD	1 Quarter
Balance at end of period (in shares)	`CommonStockSharesIssued`	125.78M	shares	Point-in-time
Balance at end of period (in shares)	`CommonStockSharesIssued`	124.79M	shares	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.15B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.25B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.62B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.11B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$1.78B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.44B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-395.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-540.40M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-144.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-90.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-117.10M	USD	2 Qtrs
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$12.90M	USD	2 Qtrs
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.90M	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-7.00M	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-3.30M	USD	2 Qtrs
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$3.70M	USD	1 Quarter
Net unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$11.00M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-120.40M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-87.20M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-527.50M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-133.70M	USD	1 Quarter

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