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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, | ||||||||||||||
| 2021 | 2020 | 2021 | 2020 | ||||||||||||
| Revenue | $ | 336,504 | $ | 233,043 | $ | 1,207,798 | $ | 844,452 | |||||||
| Cost of revenue | 142,631 | 104,169 | 522,339 | 378,498 | |||||||||||
| Gross profit | 193,873 | 128,874 | 685,459 | 465,954 | |||||||||||
| Operating expenses: | |||||||||||||||
| Research and development | 54,514 | 42,252 | 190,627 | 137,598 | |||||||||||
| Selling, general and administrative | 61,208 | 45,120 | 226,190 | 161,670 | |||||||||||
| Litigation expense (benefit), net | (420 | ) | 1,539 | 6,225 | 7,804 | ||||||||||
| Total operating expenses | 115,302 | 88,911 | 423,042 | 307,072 | |||||||||||
| Operating income | 78,571 | 39,963 | 262,417 | 158,882 | |||||||||||
| Other income, net | 3,391 | 4,480 | 9,802 | 10,460 | |||||||||||
| Income before income taxes | 81,962 | 44,443 | 272,219 | 169,342 | |||||||||||
| Income tax expense | 9,291 | 1,556 | 30,196 | 4,967 | |||||||||||
| Net income | $ | 72,671 | $ | 42,887 | $ | 242,023 | $ | 164,375 | |||||||
| Net income per share: | |||||||||||||||
| Basic | $ | 1.58 | $ | 0.95 | $ | 5.28 | $ | 3.67 | |||||||
| Diluted | $ | 1.51 | $ | 0.90 | $ | 5.05 | $ | 3.50 | |||||||
| Weighted-average shares outstanding: | |||||||||||||||
| Basic | 46,139 | 45,148 | 45,851 | 44,840 | |||||||||||
| Diluted | 48,240 | 47,600 | 47,889 | 47,014 | |||||||||||
Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2021 and an Increase in Quarterly Cash Dividend
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