WOLFSPEED, INC.
For the period ended Mar 30, 2025. Filed May 9, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2025 · Filed May 9, 2025
WOLF$26.23+0.4%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets as of Marchand June 30, 2024
UNAUDITED CONSOLIDATED BALANCE SHEETS
| (in millions of U.S. Dollars, except share data in thousands) | March 30, 2025 | June 30, 2024 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $730.2 | $1,045.9 |
| Short-term investments | 599.4 | 1,128.7 |
| Total cash, cash equivalents and short-term investments | 1,329.6 | 2,174.6 |
| Accounts receivable, net | 164.6 | 147.4 |
| Inventories | 459.1 | 440.7 |
| Prepaid expenses | 81.2 | 56.6 |
| Investment tax credit receivable | 586.2 | — |
| Other current assets | 249.5 | 180.3 |
| Total current assets | 2,870.2 | 2,999.6 |
| Property and equipment, net | 3,911.6 | 3,652.3 |
| Goodwill | 359.2 | 359.2 |
| Intangible assets, net | 23.8 | 23.9 |
| Long-term receivables | 3.0 | 2.3 |
| Other long-term investments | — | 79.3 |
| Deferred tax assets | 1.1 | 1.1 |
| Long-term investment tax credit receivable | 133.5 | 641.8 |
| Other assets | 271.8 | 225.1 |
| Total assets | $7,574.2 | $7,984.6 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $392.6 | $523.6 |
| Contract liabilities and distributor-related reserves | 44.6 | 62.3 |
| Income taxes payable | 1.1 | 1.0 |
| Finance lease liabilities | 0.5 | 0.5 |
| Other current liabilities | 179.7 | 77.9 |
| Total current liabilities | 618.5 | 665.3 |
| Long-term liabilities: | ||
| Long-term debt | 3,469.8 | 3,126.2 |
| Convertible notes, net | 3,042.0 | 3,034.9 |
| Deferred tax liabilities | 10.8 | 10.8 |
| Finance lease liabilities - long-term | 8.5 | 8.9 |
| Other long-term liabilities | 211.9 | 256.4 |
| Total long-term liabilities | 6,743.0 | 6,437.2 |
| Commitments and contingencies | ||
| Shareholders’ equity: | ||
| Preferred stock, par value $0.01; 3,000 shares authorized at March 30, 2025 and June 30, 2024; none issued and outstanding | — | — |
| Common stock, par value $0.00125; 400,000 shares authorized at March 30, 2025 and June 30, 2024; 155,623 and 126,409 shares issued and outstanding at March 30, 2025 and June 30, 2024, respectively | 0.2 | 0.2 |
| Additional paid-in-capital | 4,085.2 | 3,821.9 |
| Accumulated other comprehensive loss | (4.4) | (11.6) |
| Accumulated deficit | (3,868.3) | (2,928.4) |
| Total shareholders’ equity | 212.7 | 882.1 |
| Total liabilities and shareholders’ equity | $7,574.2 | $7,984.6 |
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