Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries.
Contact:
Bernie Blegen
Chief Financial Officer
Monolithic Power Systems, Inc.
408-826-0777
investors@monolithicpower.com
Monolithic Power Systems, Inc.
Condensed Consolidated Balance Sheets
(Unaudited, in thousands, except par value)
| March 31, | December 31, | |||||||
| 2020 | 2019 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 154,880 | $ | 172,960 | ||||
| Short-term investments | 334,386 | 282,437 | ||||||
| Accounts receivable, net | 54,341 | 52,704 | ||||||
| Inventories | 131,499 | 127,500 | ||||||
| Other current assets | 29,679 | 19,605 | ||||||
| Total current assets | 704,785 | 655,206 | ||||||
| Property and equipment, net | 236,807 | 228,315 | ||||||
| Long-term investments | 3,057 | 3,138 | ||||||
| Goodwill | 6,571 | 6,571 | ||||||
| Deferred tax assets, net | 13,821 | 17,193 | ||||||
| Other long-term assets | 42,463 | 45,952 | ||||||
| Total assets | $ | 1,007,504 | $ | 956,375 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 37,752 | $ | 27,271 | ||||
| Accrued compensation and related benefits | 18,633 | 26,164 | ||||||
| Other accrued liabilities | 56,110 | 44,790 | ||||||
| Total current liabilities | 112,495 | 98,225 | ||||||
| Income tax liabilities | 37,596 | 37,596 | ||||||
| Other long-term liabilities | 44,223 | 47,063 | ||||||
| Total liabilities | 194,314 | 182,884 | ||||||
| Commitments and contingencies | ||||||||
| Stockholders’ equity: | ||||||||
| Common stock and additional paid-in capital: $0.001 par value; shares authorized: 150,000; shares issued and outstanding: 44,715 and 43,616, respectively | 581,736 | 549,517 | ||||||
| Retained earnings | 241,465 | 229,450 | ||||||
| Accumulated other comprehensive loss | (10,011 | ) | (5,476 | ) | ||||
| Total stockholders’ equity | 813,190 | 773,491 | ||||||
| Total liabilities and stockholders’ equity | $ | 1,007,504 | $ | 956,375 | ||||
Monolithic Power Systems, Inc.
