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WOLF - Wolfspeed, Inc.

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Wolfspeed, Inc.

WOLF

NYSE

Wolfspeed, Inc. provides silicon carbide and gallium nitride (GaN) materials, power devices, and radio frequency (RF) devices based on wide bandgap semiconductor materials and silicon. The company's silicon carbide and GaN materials comprise silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers. It offers silicon carbide materials for customers to manufacture products for RF, power, and other applications. The company's power devices include silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for customers and distributors to use in applications, such as electric vehicles comprising charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. Its RF devices comprise GaN-based die, high-electron mobility transistors, monolithic microwave integrated circuits, and laterally diffused MOSFET power transistors for telecommunications infrastructure, military, and other commercial applications. The company's products are also used in transportation, fast charging, wireless systems, 5G, motor drives, renewable energy and storage, and aerospace and defense applications; and materials products and RF devices are used in military communications, radar, satellite, and telecommunication applications. It serves customers in North America, Asia, and Europe. The company was formerly known as Cree, Inc. and changed its name to Wolfspeed, Inc. in October 2021. Wolfspeed, Inc. was founded in 1987 and is headquartered in Durham, North Carolina.

4.46 USD

0.86 (19.28%)

WOLF Financial Statements

Year

2024

2023

2022

2021

Current Assets

3B

3.63B

1.76B

1.48B

Cash & Short Term Investments

2.17B

2.95B

1.2B

1.15B

Cash And Cash Equivalents

1.05B

-9.7M

449.5M

379M

Short Term Investments

1.13B

2.96B

749.3M

775.6M

Net Receivables

289.8M

265.3M

150.2M

102.3M

Inventory

461.2M

327.5M

227M

166.6M

Other Current Assets

17.4M

60.7M

150.4M

29.5M

Non-Current Assets

4.99B

3B

2.16B

1.97B

Property, Plant & Equipment

3.75B

2.2B

1.48B

1.29B

Goodwill And Intangible Assets

383.1M

475.1M

484.6M

499.7M

Goodwill

359.2M

359.2M

359.2M

359.2M

Intangible Assets

23.9M

115.9M

125.4M

140.5M

Long Term Investments

79.3M

2.6M

449.5M

138.4M

Tax Assets

1.1M

1.2M

1M

1M

Other Non-Current Assets

770M

312.1M

-261.1M

36.7M

Other Assets

0

0

0

0

Total Assets

7.98B

6.62B

3.92B

3.45B

-

-

-

-

Current Liabilities

665.3M

661.9M

388.5M

448.8M

Accounts Payable

53M

44.9M

57.8M

44.2M

Short Term Debt

0

0

11.6M

4.9M

Tax Payables

1M

9.6M

11.6M

400k

Deferred Revenue

62.3M

43M

37M

22.9M

Other Current Liabilities

484.3M

414.9M

196.4M

307M

Total Current Liabilities

665.3M

661.9M

388.5M

448.8M

Total Non-Current Liabilities

6.44B

4.34B

1.09B

881.5M

Long-Term Debt

6.16B

4.18B

1.02B

823.9M

Deferred Revenue

0

0

0

600k

Deferred Taxes Liabilities

10.8M

3.9M

3.2M

2.5M

Other Non Current liabilities

142.4M

148.7M

55.3M

37.6M

Total Liabilities

7.1B

5B

1.48B

1.33B

Other Liabilities

0

0

0

0

Stockholders Equity

882.1M

1.62B

2.44B

2.12B

Common Stock

200k

200k

200k

100k

Retained Earnings

-2.93B

-2.06B

-1.76B

-1.56B

Accumulated Other Comprehensive Income/Loss

-11.6M

-25.1M

-25.3M

2.7M

Other Shareholders Equity

0

0

0

0

Total Liabilities and Stockholders Equity

7.98B

6.62B

3.92B

3.45B

Retained Earning Schedule

Year

2024

2023

2022

2021

Retained Earnings (Previous Year)

-2.06B

-1.76B

-1.56B

-1.04B

Net Income

-864.2M

-329.9M

-295.1M

-341.3M

Stock Repurchases

0

0

0

0

Dividend Paid

0

0

0

0

Retained Earnings

-2.93B

-2.06B

-1.76B

-1.56B

Other Distributions

-864.2M

-300.2M

-200.9M

-523.9M

PPE Schedule

Year

2024

2023

2022

2021

Gross PPE

3.75B

2.2B

1.48B

1.29B

Annual Depreciation

181M

164M

129.8M

120.9M

Capital Expenditure

-2.27B

-962.3M

-650.6M

-576.4M

Net PPE

5.84B

3B

2B

1.75B

Intangible and Goodwill Schedule

Year

2024

2023

2022

2021

Acquisitions and Adjustments

0

0

0

9.5M

Goodwill (Previous Year)

359.2M

359.2M

359.2M

349.7M

Goodwill

359.2M

359.2M

359.2M

359.2M

All figures are in USD.

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