Investor Presentation
`As of April 28, 2015
`
`Advanced Signal Processing Components
`
`Greenthread Ex 2013, p.1 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`Safe Harbor Statement
`
` Except for historical information contained herein, the matters set forth in this
`presentation contain forward-looking statements, including industry market
`projections; our revenue growth opportunities; our forecasted revenue, gross
`margin and R&D and SG&A expenses; and our estimate for our FY16 effective
`tax rate. These forward-looking statements are based on our current
`expectations, estimates and assumptions and are subject to certain risks and
`uncertainties that could cause actual results to differ materially from our current
`expectations, estimates and assumptions and the forward-looking statements
`made in this presentation. These risks and uncertainties include, but are not
`limited to, the risk factors listed in our Form 10-K for the year ended March 29,
`2014, and in other filings with the Securities and Exchange Commission. The
`foregoing information concerning our business outlook represents our outlook
`as of the date of this presentation, and we undertake no obligation to update or
`revise any forward-looking statements, whether as a result of new
`developments or otherwise.
`
` 2
`
`
`
`Greenthread Ex 2013, p.2 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`Cirrus Logic at a Glance
`
`PROFILE
`
`•  Founded 1984
`•  Listed on NASDAQ: CRUS
`•  FY15 revenue $916.6M
`•  Headquartered in Austin, Texas with ~1,100 Employees
`Worldwide
`•  Fabless
`
`PRODUCTS
`
`•  Products: Codecs, Digital Signal Processors, Amplifiers and
`MEMS Microphones
`•  Product Applications: Portable, Non-Portable Consumer,
`Automotive, Energy, Industrial
`•  Shipped More than 850Mu Audio Devices in CY14*
`
`CORE
`COMPETENCIES
`
`•  Analog & Digital Signal Processing and Embedded Software
`for Audio and Voice Applications
`•  Engineering Execution
`•  Supply Chain Management
`•  Extensive IP Portfolio (Over 2,200 Issued/Pending Patents
`Worldwide)
`
`*Combined total for Cirrus Logic and Wolfson Microelectronics
`
`3
`
`Greenthread Ex 2013, p.3 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`Compelling Business Strategy
`
`LEVERAGE BEST IN
`CLASS IP
`
`EXPAND WITH MORE
`CONTENT, MORE
`BOXES
`
`TARGET FAST
`GROWING MARKETS
`
`DESIGN BEST-IN-
`CLASS CUSTOM,
`SEMI-CUSTOM &
`GENERAL MARKET
`PRODUCTS
`
`ENGAGE TIER-ONE
`MARKET LEADERS
`
`DEVELOP
`MEANINGFUL
`ENGINEERING
`RELATIONSHIPS
`
`4
`
`HIGH OPERATING
`MARGINS
`
`STRONG CASH
`FLOW
`
`ONLY IC SUPPLIER
`OF COMPLETE
`AUDIO SIGNAL
`CHAIN
`
`Greenthread Ex 2013, p.4 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`Focus on Tier One Customers
`
`•  Approximately 3,100 customers worldwide
`• 
`In Q4 FY15, our top two customers accounted for 65% and 15% of total revenue
`•  Majority of products sold through direct sales channels
`
`
`5
`
`Greenthread Ex 2013, p.5 of 25
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`
`

`

`Unique Corporate Culture
`
`C O M M U N I T Y S U P P O R T
`
`“Best Places to Work”
`2011, 2012, 2013 & 2014
`
`
`
`WORK HARD, PLAY HARD
`
`6
`
`Greenthread Ex 2013, p.6 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`MARKET & PRODUCT
`OVERVIEW
`
`7
`
`Greenthread Ex 2013, p.7 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`From Capture to Playback: Our Product Offerings
`
`SMART CODEC
`
`MEMS
`Mics
`
`Audio
`Codec
`
`Audio
`åß
`DSP
`
`Audio
`Software
`
`Audio
`Amplifiers
`
`CODEC + DSP + Embedded Software
`
`Cirrus Logic is Currently the Only IC Company with a Comprehensive
`Hardware & Software Solution Spanning the Entire Audio Signal Chain
`
`
`
`8
`
`Greenthread Ex 2013, p.8 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`SoundClear Software Platform
`
`VOICE
`
`PLAYBACK
`
`RECORD
`
`CONTROL
`
`SENSE
`
`MULTI-MIC
`RECORD
`
`INTELLIGENT GAIN
`CONTROL
`
`AUDIO ZOOM
`
`AMBIENT,
`MICROPHONE,
`WIND AND MOTOR
`NOISE REDUCTION
`
`ASR PRE-
`PROCESSING
`
`VOICE WAKE AND
`SIMULTANEOUS
`MULTI-TRIGGER
`
`SEAMLESS VOICE
`COMMAND
`
`TALKER
`VERIFICATION
`
`CONTEXT
`AWARENESS
`
`GESTURE
`RECOGNITION
`
`ENVIRONMENTAL
`SENSING
`
`
`
`MULTI-MIC
`NOISE REDUCTION
`
`ECHO
`CANCELLATION
`
`FULL-DUPLEX
`
`VOICE
`ENHANCEMENT
`
`
`
`
`MUSIC/AUDIO
`ENHANCEMENT
`
`VIRTUAL
`SURROUND
`
`POST
`PROCESSING
`
`AUDIO DECODING
`
`SPEAKER
`PROTECTION
`
`ACTIVE NOISE
`CANCELLING
`
`
`9
`
`9
`
`Greenthread Ex 2013, p.9 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`Evolution of Flagship Audio Codecs*
`
`•  65nm
`•  600 MIPS
`•  +120dB Playback SNR
`•  + Active Noise
` Cancellation (ANC)
`•  + Always On Voice (AoV)
`•  + Speaker Protection (SP)
`•  + HD Voice & Record
`
`DSP
`Audio
`
`HD Voice
`AoV
`SP
`
`ANC
`
`HiFi
`Codec
`
`AMP
`
`•  65nm/55nm
`•  > 600 MIPS
`•  Lower Power
`•  Reduced PCB size
`• 
`Improved Codec
`•  + Sensor Hub
`•  + Enhanced multi-
`microphone capability
`•  + Far-field Voice &
`Record
`•  ASPs ~$2.50 - $3.50*
`
`DSP
`
`Audio
`HD Voice
`AoV
`SP
`
`Sensor
`Hub
`
`ANC
`
`HiFi
`Codec
`
`AMP
`
`2014
`
`2015+
`
`•  152nm
`•  50 MIPS
`•  + Voice Processor
`•  + 24bit Playback
`
`•  180nm
`•  25 MIPS
`•  ASPs ~$1.00 - $1.25*
`
`DSP
` Audio
`Codec
`AMP
`
`2012
`
`DSP
` Audio
`Voice
`Codec
`AMP
`
`2013
`
`Performance & Content
`
`Codec
`AMP
`
`2010
`*Reflects general market products
`
`10
`
`Greenthread Ex 2013, p.10 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`Opportunity to Expand Total Content
`
`MEMS MICROPHONES
`
`Up to four per device / ASPs ~$0.20 - $0.30
`
`SMART CODEC
`+
` EMBEDDED SOFTWARE
`
`One per device / ASPs ~$2.50 - $3.50
`
`AUDIO AMPLIFIERS
`
`Up to two per device / ASPs ~$0.50 - $0.75
`
`Potential Content Per
`Device*
`
`~$4.00
`
`vs.
`
`Previous Content Per
`Device**
`
`~$1.25
`
`*Estimate based on general market products
`**Estimate based on CY2012 general market products
`
`11
`
`Greenthread Ex 2013, p.11 of 25
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`
`

`

`Accelerating Investment in Key Projects
`
`SMART CODECS
`
`•  Integrate functionality of several discrete chips into one
`•  Reduce board space and customer BOM while commanding higher
`ASPs
`
`MEMS
`MICROPHONES
`
`•  Enable enhanced features/functionality including intelligent
`communication between audio chips and environmental sensing
`•  Targeting opportunities where our microphones are designed in tandem
`with our codecs
`
`EMBEDDED
`SOFTWARE
`
`•  Essential to deliver complete, best-in-class and compelling features
`across a variety of use cases
`
`12
`
`Greenthread Ex 2013, p.12 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`Expanding Served Available Market
`Total Dollar Market Opportunity
`
`• 
`
`• 
`
`• 
`
`Portable Audio Opportunity Continuing to Grow
`Long Term:
`Audio/voice features growing in complexity and
`• 
`differentiation value
`Customers require very low power mixed signal audio
`solutions
`Audio/voice features continue to expand in high end
`devices and are beginning to move into mid-range
`Software becoming a critical element of the overall
`audio/voice solution
`Expansion of input/output channels for audio/voice
`increasing mixed signal content
`Audio/Voice Technology Moving Beyond
`Smartphones and Tablets:
`Headphones and headsets
`• 
`•  Wearables
`Connected car and home
`• 
`
`$8.1B
`
`23% CAGR
`
`$2.9B
`
`2013  
`
`2018  
`
`Smartphone/Tablet  
`
`Consumer  
`
`Automo9ve  
`
`• 
`
`
`
`Source: Gartner, ABI Research, Nomura and Company estimates
`
`
`
`13
`
`Greenthread Ex 2013, p.13 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`Leveraging Technology Beyond Mobile
`
`Wearables
`
`Accessories
`
`Automotive Audio
`
`Connected Home
`
`14
`
`Greenthread Ex 2013, p.14 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`Non-Portable Audio & Other: Solid Base Business
`
`AUTOMOTIVE
`
`CONSUMER
`
`ENERGY
`
`INDUSTRIAL
`
`ESTABLISHED CORE BUSINESS WITH STRONG CUSTOMER BASE
`(Sony, Harman, Bose, Ford, LG)
`
`COMPREHENSIVE PRODUCT PORTFOLIO
`(ADC, DAC, CODEC, DSP, Interface, Amps)
`
`HIGH DOLLAR CONTENT AND STABLE MARGINS
`(Up to $13 per box)
`
`15
`
`Greenthread Ex 2013, p.15 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`Positioning Company for Long-Term Growth
`
`Expanding Market Opportunity:
`  Need for ultra-low power sophisticated processing driving smart codec adoption
`•  Subset of flagship features migrating into mid-tier market
`
` •
`
`Potential for More Content Per Box:
`  Near-term: cross-selling amplifiers in existing smart codec customers
`•  Longer-term: expanding MEMS microphones footprint
`
` •
`
`Moving Beyond Smartphones:
`  Leveraging technology developed for smartphones into the wearable, smart
`mobile accessory, connected home and automotive markets
`
` •
`
`
`
`
`16
`
`Greenthread Ex 2013, p.16 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`Cirrus Logic’s Advantage
`Technology Leadership:
`•  Comprehensive hardware and software solution
`from capture to playback
`•  Extensive IP portfolio – more than 2,200 patents
`worldwide
`•  Strong engineering culture and execution – over
`700 engineers
`•  Substantial investment in R&D - $197.9M* in
`FY15, up 57% from prior year. Company to
`continue to invest in FY16 and beyond
`Strong Market Position:
`•  Only supplier with best-in-class audio solutions
`spanning entire signal chain
`Industry leading tier-one customers
`
`• 
`
`
`*Includes $26.3M in share-based compensation and amortization of acquired intangibles
`
`17
`
`Greenthread Ex 2013, p.17 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`FINANCIALS
`
`18
`
`Greenthread Ex 2013, p.18 of 25
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`
`

`

`Financial Highlights
`
`BALANCE SHEET
`
`•  $260.7M total cash, up $84.6M from the prior quarter
`•  $180.4M debt associated with Wolfson acquisition
`•  Q4 ending inventory ~$84.2M, up from ~$73.9M in Q3
`
`BUYBACK
`
`•  $200M repurchase announced Nov 20, 2012
`•  Repurchased 6.2M shares of common stock at an average price of
`$23.87 since Nov 2012
`•  ~$51.7M remaining as of April 28, 2015
`
`TAXES
`
`•  Majority of US federal deferred tax asset and other tax credits have
`been depleted
`•  Expect worldwide effective tax rate to be ~30% on a quarterly basis in
`FY16
`
`19
`
`Greenthread Ex 2013, p.19 of 25
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`
`

`

`Potential Use of Cash
`Increased investment in R&D
`• 
`•  Acquisitions
`•  Share repurchase
`•  Repayment of debt
`Infrastructure improvements
`• 
`
`Strong Cash Position
`
`Operating Cash Flow
`
`  $164M    
`
`FY2015  
`
`45% CAGR
`
`  $25M    
`
`FY2010  
`
`20
`
`Greenthread Ex 2013, p.20 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`R&D Investment: Driving Future Growth Opportunities
`
`$M
`
`100  
`
`90  
`
`80  
`
`70  
`
`60  
`
`50  
`
`40  
`
`30  
`
`20  
`
`10  
`
`0  
`
`698  
`
`644  
`
`637  
`
`652  
`
`665  
`
`678  
`
`735  
`
`751  
`
`739  
`
`1,099**   1,102  
`
`1,104  
`
`OpEx*  
`
`SG&A  
`
`R&D  
`
`Headcount  
`
`Q1/FY13  Q2/FY13  Q3/FY13  Q4/FY13  Q1/FY14  Q2/FY14  Q3/FY14  Q4/FY14  Q1/FY15  Q2/FY15  Q3/FY15  Q4/FY15  Q1/FY16  
`
`*Midpoint of guidance as of April 28, 2015
`**Reflects acquisition of Wolfson Microelectronics
`
`21
`
`Greenthread Ex 2013, p.21 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`Operating Margin Profile
`
`40%  
`
`35%  
`
`30%  
`
`25%  
`
`20%  
`
`15%  
`
`10%  
`
`5%  
`
`0%  
`
`37%  
`
`GAAP  
`
`Non-­‐GAAP*  
`
`29%  
`
`34%  
`
`26%  
`
`15%  
`
`11%  
`
`24%  
`
`20%  
`
`19%  
`
`16%  
`
`30%  
`
`27%  
`
`27%  
`
`24%  
`
`21%  
`
`17%  
`
`13%  
`
`16%  
`
`10%  
`
`9%**  
`
`23%  
`
`15%**  
`
`18%  
`
`12%  
`
`Q1/FY13   Q2/FY13   Q3/FY13   Q4/FY13   Q1/FY14   Q2/FY14   Q3/FY14   Q4/FY14   Q1/FY15   Q2/FY15   Q3/FY15   Q4/FY15  
`
`*GAAP to non-GAAP reconciliations available on slide 24 and at www.cirrus.com
`**Includes charges associated with Wolfson Microelectronics acquisition
`
`22
`
`Greenthread Ex 2013, p.22 of 25
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`
`

`

`Financial Results and Outlook
`
`$310    
`
`$194    
`
`$207    
`
`$219    
`
`$191    
`
`$155    
`
`$150    $153    
`
`$210    
`
`$99    
`
`$299    
`
`$255  $270*    
`
`$1.64    
`
`March Quarter Results (Q4)
`• 
`Revenue: $255.2M
`• 
`Cirrus Logic $200.7M
`•  Wolfson $54.5M
`•  Gross Margin: 46.6%
`•  OpEx: $88.6M (incl. $7.7M in stock
`comp and other, $7.1M in amort.)
`
`
`June Quarter Guidance (Q1)*
`• 
`Revenue: $260M - $280M
`•  Gross Margin GAAP 45% - 47%
`• 
`R&D and SG&A: $93M - $97M (incl.
`$8M in stock comp and $7M in amort.)
`
`*Forecast as of April 28, 2015
`**GAAP to non-GAAP reconciliations available on slide 24 and at www.cirrus.com
`
`23
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`
`  $0.99    
`$0.79    
`
`  $0.51    
`$0.22    
`  $0.10    
`
`$0.84    
`  $0.63    
`$0.59    
`$0.56    
`  $0.50    
`  $0.39    
`  $0.31    
`
`$0.89    
`
`$0.97    
`
`$0.68    
`
`$0.66    
`
`$0.41    
`$0.37    
`  $0.20    
`  $0.16    
`  $0.01    
`
`$0.35    
`
`$0.32    
`
`Greenthread Ex 2013, p.23 of 25
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`
`

`

`GAAP to Non-GAAP Reconciliation
`
`
`CIRRUS LOGIC, INC.CIRRUS LOGIC, INC.
`
`RECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL INFORMATIONRECONCILIATION BETWEEN GAAP AND NON-GAAP FINANCIAL INFORMATION
`
`(unaudited, in thousands, except per share data)(unaudited, in thousands, except per share data)
`
`(not prepared in accordance with GAAP)(not prepared in accordance with GAAP)
`
`We use these Non-GAAP financial numbers to assist us in the management of the Company because we believe that this information provides a more consistent and complete understanding of the underlying results and trends of the ongoing business due to the uniqueness of these charges.
`
`Net Income Reconciliation
`GAAP Net Income
`Amortization and other acquisition related items
`Stock based compensation expense
`Other expenses **
`Provision (benefit) for income taxes
`Non-GAAP Net Income
`Earnings Per Share reconciliation*
`GAAP Diluted earnings per share
`Effect of Amortization and other acquisition related items
`Effect of Stock based compensation expense
`Effect of Other expenses **
`Effect of Provision (benefit) for income taxes
`Non-GAAP Diluted earnings per share
`Operating Income Reconciliation
`GAAP Operating Income
`GAAP Operating Margin
`Amortization and other acquisition related items
`Stock compensation expense - COGS
`Stock compensation expense - R&D
`Stock compensation expense - SG&A
`Other expenses **
`Non-GAAP Operating Income
`Non-GAAP Operating Margin
`
`Operating Expense Reconciliation
`GAAP Operating Expenses
`Amortization and other acquisition related items
`Stock compensation expense - R&D
`Stock compensation expense - SG&A
`Other expenses **
`Non-GAAP Operating Expenses
`
`Gross Margin/Profit Reconciliation
`GAAP Gross Margin
`GAAP Gross Profit
`Wolfson acquisition items
`Stock compensation expense - COGS
`Non-GAAP Gross Margin
`Non-GAAP Gross Profit
`
`Mar. 28,
`2015
`Q4'15
`
`21,349$
`
`7,141
`
`7,735
`
`-
`
`7,230
`
`43,455$
`
`0.32$
`
`
`0.11
`0.12
`
`-
`
`
`0.11
`
`0.66$
`
`Dec. 27,
`2014
`Q3'15
`
`22,729$
`5,151
`
`
`7,815
`
`9,903
`
`17,714
`
`63,312$
`
`0.35$
`
`
`0.08
`0.12
`
`0.15
`
`0.27
`
`
`0.97$
`
`Sep. 27,
`2014
`Q2'15
`852$
`
`2,524
`
`6,496
`
`
`32,330
`
`1,764
`
`43,966$
`
`$
`
`
`
`
`$
`
`0.01
`0.04
`0.10
`0.50
`0.03
`0.68
`
`Jun. 28,
`2014
`Q1'15
`10,248$
`
`246
`
`5,622
`
`2,304
`
`5,226
`
`
`23,646$
`
`$
`0.16
`-
`
`0.09
`
`0.04
`
`0.08
`
`0.37
`$
`
`30,407$
`
`
`12%
`7,141
`
`
`(10)
`
`2,994
`
`4,751
`
`-
`
`45,283$
`18%
`
`44,374$
`
`
`15%
`5,151
`
`273
`
`
`2,904
`
`4,638
`
`9,903
`
`67,243$
`23%
`
`
`18,073$
`9%
`
`2,524
`253
`
`2,781
`
`3,462
`
`
`18,002
`
`45,095$
`21%
`
`
`15,915$
`10%
`
`246
`
`231
`
`2,543
`2,848
`
`2,192
`
`
`23,975$
`16%
`
`Mar. 29,
`2014
`Q4'14
`12,602$
`
`217
`
`5,545
`
`(26)
`
`7,808
`
`
`26,146$
`
`$
`0.20
`-
`
`0.09
`
`-
`
`0.12
`
`0.41
`$
`
`
`20,060$
`13%
`
`217
`
`287
`
`2,546
`2,712
`
`(26)
`
`
`25,796$
`17%
`
`Dec. 28,
`2013
`Q3'14
`41,500$
`
`
`275
`
`6,016
`12
`
`
`10,300
`
`58,103$
`
`0.63$
`
`-
`
`
`0.10
`-
`
`
`0.16
`
`0.89$
`
`
`52,786$
`24%
`275
`
`
`332
`
`2,834
`
`2,850
`12
`
`
`59,089$
`27%
`
`Sep. 28,
`2013
`Q2'14
`33,367$
`
`-
`
`
`5,739
`(154)
`
`
`16,378
`
`55,330$
`
`0.50$
`
`-
`
`
`0.09
`-
`
`
`0.25
`
`0.84$
`
`
`50,665$
`27%
`
`-
`239
`
`
`2,158
`
`3,342
`(154)
`
`
`56,250$
`30%
`
`Jun. 29,
`2013
`Q1'14
`20,642$
`
`-
`
`5,774
`
`265
`
`
`10,161
`
`36,842$
`
`$
`0.31
`-
`
`0.09
`
`0.01
`
`0.15
`
`0.56
`$
`
`Mar. 30,
`2013
`Q4'13
`26,360$
`
`-
`
`
`5,734
`
`442
`
`7,041
`
`39,577$
`
`0.39$
`
`-
`
`
`0.09
`
`0.01
`
`0.10
`
`0.59$
`
`Dec. 29,
`2012
`Q3'13
`67,862$
`
`
`-
`6,026
`
`3,245
`
`
`35,667
`
`112,800$
`
`$
`0.99
`
`-
`0.09
`
`0.05
`
`0.51
`
`1.64
`$
`
`Sep. 29,
`2012
`Q2'13
`
`35,449$
`251
`
`
`5,563
`
`-
`
`13,580
`
`54,843$
`
`0.51$
`
`
`-
`
`0.08
`
`-
`
`0.20
`
`0.79$
`
`Jun. 30,
`2012
`Q1'13
`6,927$
`
`
`353
`
`4,173
`-
`
`
`3,355
`
`14,808$
`
`0.10$
`
`
`0.01
`
`0.06
`-
`
`
`0.05
`
`0.22$
`
`
`31,505$
`20%
`
`-
`
`6
`
`2,854
`2,914
`
`265
`
`
`37,544$
`24%
`
`
`33,805$
`16%
`
`-
`296
`
`
`2,976
`
`2,462
`
`442
`
`39,981$
`19%
`
`106,129$
`
`
`34%
`
`-
`
`218
`
`3,234
`2,574
`
`3,245
`
`
`115,400$
`37%
`
`50,425$
`
`
`26%
`251
`
`119
`
`
`2,097
`
`3,347
`
`-
`
`56,239$
`29%
`
`
`10,471$
`11%
`353
`
`
`118
`
`2,243
`
`1,812
`-
`
`
`14,997$
`15%
`
`Mar. 31,
`2012
`Q4'12
`50,827$
`
`353
`
`3,451
`
`263
`
`
`(30,310)
`
`24,584$
`
`$
`0.75
`
`0.01
`
`0.05
`-
`
`
`(0.45)
`0.36
`$
`
`
`20,888$
`19%
`
`353
`
`113
`
`1,753
`1,585
`
`263
`
`
`24,955$
`23%
`
`Dec. 31,
`2011
`Q3'12
`
`16,731$
`353
`
`
`2,769
`-
`
`
`8,992
`
`28,845$
`
`0.25$
`
`
`0.01
`
`0.04
`-
`
`
`0.13
`
`0.43$
`
`Sep. 24,
`2011
`Q2'12
`
`11,247$
`353
`
`
`3,517
`622
`
`
`6,163
`
`21,902$
`
`0.17$
`
`
`0.01
`
`0.05
`
`0.01
`
`0.09
`
`0.33$
`
`Jun. 25,
`2011
`Q1'12
`
`9,178$
`
`353
`
`2,442
`-
`
`
`4,984
`
`16,957$
`
`0.13$
`
`
`0.01
`
`0.03
`-
`
`
`0.07
`
`0.24$
`
`26,399$
`
`
`22%
`353
`
`
`92
`
`1,613
`
`1,064
`-
`
`
`29,521$
`24%
`
`17,913$
`
`
`18%
`353
`
`
`104
`
`1,181
`
`2,232
`622
`
`
`22,405$
`22%
`
`
`14,336$
`16%
`353
`
`89
`
`
`1,043
`
`1,310
`-
`
`
`17,131$
`19%
`
`88,568$
`
`
`(7,141)
`
`(2,994)
`
`(4,751)
`
`-
`
`73,682$
`
`86,457$
`
`
`(5,151)
`
`(2,904)
`
`(4,638)
`
`(3,200)
`
`70,564$
`
`82,494$
`
`(2,524)
`
`
`(2,781)
`
`(3,462)
`
`(16,392)
`
`57,335$
`
`59,460$
`
`(246)
`
`
`(2,543)
`
`(2,848)
`
`(2,192)
`
`51,631$
`
`53,308$
`
`
`(217)
`
`(2,546)
`
`(2,712)
`26
`
`
`47,859$
`
`51,063$
`
`(275)
`
`
`(2,834)
`
`(2,850)
`(12)
`
`
`45,092$
`
`48,783$
`
`-
`
`
`(2,158)
`
`(3,342)
`
`154
`
`43,437$
`
`47,993$
`
`-
`
`
`(2,854)
`
`(2,914)
`
`(265)
`
`41,960$
`
`49,809$
`
`-
`
`
`(2,976)
`
`(2,462)
`(442)
`
`
`43,929$
`
`51,921$
`
`
`-
`
`(3,234)
`
`(2,574)
`
`(3,245)
`
`42,868$
`
`49,662$
`
`(251)
`
`
`(2,097)
`
`(3,347)
`
`-
`
`43,967$
`
`42,969$
`
`
`(353)
`
`(2,243)
`
`(1,812)
`-
`
`
`38,561$
`
`41,459$
`
`
`(353)
`
`(1,753)
`
`(1,585)
`
`(263)
`
`37,505$
`
`39,631$
`
`(353)
`
`
`(1,613)
`
`(1,064)
`
`-
`
`36,601$
`
`36,442$
`
`(353)
`
`
`(1,181)
`
`(2,232)
`(622)
`
`
`32,054$
`
`33,373$
`
`
`(353)
`
`(1,043)
`
`(1,310)
`-
`
`
`30,667$
`
`46.6%
`118,975
`
`
`-
`(10)
`
`
`118,965$
`46.6%
`
`43.8%
`130,831
`
`6,703
`
`273
`
`
`137,807$
`46.2%
`
`47.8%
`100,567
`
`
`1,610
`253
`
`
`102,430$
`48.7%
`
`49.4%
`75,375
`
`-
`
`231
`
`
`75,606$
`49.6%
`
`49.0%
`73,368
`
`-
`
`287
`
`
`73,655$
`49.2%
`
`47.4%
`103,849
`
`
`-
`
`332
`
`104,181$
`47.6%
`
`52.2%
`99,448
`
`-
`
`
`239
`
`99,688$
`52.3%
`
`51.2%
`79,498
`
`-
`
`
`6
`79,505$
`
`51.3%
`
`40.4%
`83,614
`
`
`-
`
`296
`
`83,910$
`40.6%
`
`51.0%
`158,050
`
`
`-
`218
`
`
`158,269$
`51.0%
`
`51.7%
`100,087
`
`
`-
`119
`
`
`100,207$
`51.7%
`
`54.0%
`53,440
`
`-
`
`
`118
`
`53,559$
`54.1%
`
`56.4%
`62,347
`
`-
`
`113
`
`
`62,461$
`56.5%
`
`54.0%
`66,030
`
`
`-
`
`92
`
`66,123$
`54.0%
`
`53.5%
`54,355
`
`
`-
`
`104
`
`54,460$
`53.6%
`
`51.7%
`47,709
`
`
`-
`
`89
`
`47,799$
`51.8%
`
`* Certain YTD numbers may not tie to individual quarter presentation due to YTD share count dilution
`
`** Other expenses may contain certain items such as acquisition expenses, litigation expenses , proceeds from a patent agreement, restructuring items, sales reorganizations, asset gains and impairments of non-marketable securities. GAAP to non-GAAP reconciliations also available at www.cirrus.com.
`
`24
`
`Greenthread Ex 2013, p.24 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`

`

`Greenthread Ex 2013, p.25 of 25
`Cirrus Logic, et. al. v. Greenthread
`
`