Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Common Stock Market Information
Our common stock is traded on the Nasdaq Global Select Market and is quoted under the symbol CREE. There were 268 holders of record of our common stock as of August 13, 2020.
Stock Performance Graph
The following information in this Item 5 of this Annual Report on Form 10-K is not deemed to be “soliciting material” or to be “filed” with the SEC or subject to Regulation 14A or 14C under the Exchange Act or to the liabilities of Section 18 of the Exchange Act, and will not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent we specifically incorporate it by reference into such filing.
The following graph and related table compare the cumulative total return on our common stock with the cumulative total returns of the Nasdaq Composite Index and the Nasdaq Electronic Components Index, assuming an investment of $100.00 on June 28, 2015 and the reinvestment of dividends.
6/28/2015 6/26/2016 6/25/2017 6/24/2018 6/30/2019 6/28/2020
Cree, Inc. $100.00 $85.89 $91.10 $171.27 $201.89 $207.50
Nasdaq Composite Index 100.00 91.56 123.27 152.97 160.99 198.21
Nasdaq Electronic Components Index 100.00 98.21 139.75 197.99 198.34 243.20
Sale of Unregistered Securities
Other than as previously reported in our Current Reports on Form 8-K, there were no unregistered securities sold during fiscal 2020.
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Item 6. Selected Financial Data
The consolidated statement of operations data set forth below with respect to the fiscal years ended June 28, 2020, June 30, 2019 and June 24, 2018 and the consolidated balance sheet data as of June 28, 2020 and June 30, 2019 are derived from, and are qualified by reference to, the audited consolidated financial statements included in Item 8 of this Annual Report and should be read in conjunction with those financial statements, the notes thereto and the information in Item 7, "Management's Discussion of Analysis of Financial Condition and Results of Operations." The consolidated statement of operations data for the fiscal years ended June 25, 2017 and June 26, 2016 and the consolidated balance sheet data as of June 24, 2018, June 25, 2017 and June 26, 2016 are derived from audited consolidated financial statements not included herein.
Selected Consolidated Financial Data
Fiscal Years Ended
(in millions of U.S. Dollars, except share data) June 28, 2020 June 30, 2019 June 24, 2018 June 25, 2017 June 26, 2016
Statement of Operations Data (1), (2)
Revenue, net $903.9 $1,080.0 $924.9 $771.5 $727.5
Operating loss (209.4) (15.9) (28.0) (20.1) (36.3)
Net loss from continuing operations (190.6) (57.9) (16.4) (88.1) (39.4)
Net (loss) income from discontinued operations — (317.2) (263.5) (10.0) 17.9
Net loss attributable to controlling interest (191.7) (375.1) (280.0) (98.1) (21.5)
Basic and diluted loss per share
Continuing operations attributable to controlling interest ($1.78) ($0.56) ($0.17) ($0.89) ($0.39)
Net loss attributable to controlling interest ($1.78) ($3.62) ($2.81) ($1.00) ($0.21)
Weighted average shares - basic and diluted (in thousands) 107,935 103,576 99,530 98,487 101,783
June 28, 2020 June 30, 2019 June 24, 2018 June 25, 2017 June 26, 2016
Consolidated Balance Sheet Data (1), (3)
Total cash, cash equivalents and short-term investments $1,251.7 $1,051.4 $387.1 $610.9 $605.3
Working capital 1,301.6 1,144.6 641.8 888.6 933.7
Total assets 3,231.0 2,816.9 2,637.8 2,649.9 2,766.1
Total long-term liabilities 850.6 507.5 317.1 215.0 175.2
Total equity 2,089.2 2,041.2 2,072.1 2,222.8 2,367.8
(1) Statement of operations data presented for the years ended June 28, 2020, June 30, 2019 and June 24, 2018 and the consolidated balance sheet data presented as of June 28, 2020, June 30, 2019 and June 24, 2018 include the financial impacts of the acquisition of the RF Power business from Infineon, which was completed on March 6, 2018.
(2) Statement of operations data presented for the years prior to June 30, 2019 have been adjusted to reflect the results of our Lighting Products business unit as a discontinued operation. The business unit was sold on May 13, 2019.
(3) Consolidated balance sheet data for years prior to June 30, 2019 include the historical balance sheet data of our former Lighting Products business unit.
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