| Monolithic Power Systems, Inc. | ||||||||||||||||
| Condensed Consolidated Statements of Operations | ||||||||||||||||
| (Unaudited, in thousands, except per share amounts) | ||||||||||||||||
|
Three Months Ended
December 31, |
Year Ended
December 31, | |||||||||||||||
| 2019 | 2018 | 2019 | 2018 | |||||||||||||
| Revenue | $ | 166,738 | $ | 153,497 | $ | 627,921 | $ | 582,382 | ||||||||
| Cost of revenue | 74,802 | 68,904 | 281,596 | 259,714 | ||||||||||||
| Gross profit | 91,936 | 84,593 | 346,325 | 322,668 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 27,011 | 22,735 | 107,757 | 93,455 | ||||||||||||
| Selling, general and administrative | 33,240 | 28,372 | 133,542 | 113,803 | ||||||||||||
| Litigation expense | 991 | 409 | 2,464 | 1,922 | ||||||||||||
| Total operating expenses | 61,242 | 51,516 | 243,763 | 209,180 | ||||||||||||
| Income from operations | 30,694 | 33,077 | 102,562 | 113,488 | ||||||||||||
| Interest and other income (expense), net | 2,731 | (393 | ) | 10,558 | 4,994 | |||||||||||
| Income before income taxes | 33,425 | 32,684 | 113,120 | 118,482 | ||||||||||||
| Income tax expense | 989 | 5,046 | 4,281 | 13,214 | ||||||||||||
| Net income | $ | 32,436 | $ | 27,638 | $ | 108,839 | $ | 105,268 | ||||||||
| Net income per share: | ||||||||||||||||
| Basic | $ | 0.75 | $ | 0.65 | $ | 2.52 | $ | 2.49 | ||||||||
| Diluted | $ | 0.70 | $ | 0.61 | $ | 2.38 | $ | 2.36 | ||||||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 43,496 | 42,467 | 43,165 | 42,247 | ||||||||||||
| Diluted | 46,503 | 45,058 | 45,763 | 44,602 | ||||||||||||
