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, | |||||||
| 2021 | 2020 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 218,368 | $ | 334,944 | ||||
| Short-term investments | 420,455 | 260,169 | ||||||
| Accounts receivable, net | 84,059 | 66,843 | ||||||
| Inventories | 175,223 | 157,062 | ||||||
| Other current assets | 24,325 | 22,980 | ||||||
| Total current assets | 922,430 | 841,998 | ||||||
| Property and equipment, net | 297,741 | 281,528 | ||||||
| Goodwill | 6,571 | 6,571 | ||||||
| Deferred tax assets, net | 17,668 | 18,556 | ||||||
| Other long-term assets | 63,782 | 59,838 | ||||||
| Total assets | $ | 1,308,192 | $ | 1,208,491 | ||||
| LIABILITIES AND STOCKHOLDERS ’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 57,235 | $ | 38,169 | ||||
| Accrued compensation and related benefits | 56,307 | 45,840 | ||||||
| Other accrued liabilities | 74,367 | 62,960 | ||||||
| Total current liabilities | 187,909 | 146,969 | ||||||
| Income tax liabilities | 37,062 | 37,062 | ||||||
| Other long-term liabilities | 61,644 | 57,873 | ||||||
| Total liabilities | 286,615 | 241,904 | ||||||
| Commitments and contingencies | ||||||||
| Stockholders’ equity: | ||||||||
| Common stock and additional paid-in capital: $0.001 par value; shares authorized: 150,000; shares issued and outstanding: 45,737 and 45,267, respectively | 699,359 | 657,701 | ||||||
| Retained earnings | 315,206 | 298,746 | ||||||
| Accumulated other comprehensive income | 7,012 | 10,140 | ||||||
| Total stockholders’ equity | 1,021,577 | 966,587 | ||||||
| Total liabilities and stockholders’ equity | $ | 1,308,192 | $ | 1,208,491 | ||||
