Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2017, and an Increase in Quarterly Cash Dividend

The forward-looking statements in this press release and statements made during the accompanying teleconference represent MPS’ projections and current expectations, as of the date hereof, not predictions of actual performance. MPS assumes no obligation to update the information in this press release or in the accompanying conference call.

About Monolithic Power Systems
Monolithic Power Systems, Inc. (MPS) provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS' mission is to reduce total energy consumption in its customers' systems with green, practical, compact solutions. The company was founded by Michael Hsing in 1997 and is headquartered in San Jose, CA. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world.

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)

   
  December 31, 
   2017   2016  
ASSETS    
Current assets:    
Cash and cash equivalents$  82,759 $  112,703  
Short-term investments   216,331    155,521  
Accounts receivable, net    38,037    34,248  
Inventories   99,281    71,469  
Other current assets   12,762    9,043  
Total current assets   449,170    382,984  
Property and equipment, net   143,514    85,171  
Long-term investments   5,256    5,354  
Goodwill   6,571    6,571  
Acquisition-related intangible assets, net   951    3,002  
Deferred tax assets, net   15,917    633  
Other long-term assets   30,068    27,411  
Total assets$  651,447 $  511,126  
     
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable$  21,691 $  17,427  
Accrued compensation and related benefits   15,597    12,578  
Accrued liabilities   27,507    22,916  
Total current liabilities   64,795     52,921    
Income tax liabilities     31,621       3,870    
Other long-term liabilities     33,024       23,219    
  Total liabilities     129,440       80,010    
Commitments and contingencies         
Stockholders' equity:        
  Common stock and additional paid-in capital, $0.001 par value; shares authorized:         
  150,000; shares issued and outstanding:  41,614 and 40,793        
  as of December 31, 2017 and December 31, 2016, respectively     376,586       315,969    
Retained earnings      143,608       119,362    
Accumulated other comprehensive income (loss)     1,813       (4,215 )  
Total stockholders’ equity     522,007       431,116    
Total liabilities and stockholders’ equity $   651,447   $   511,126    
         

« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise