Monolithic Power Systems Q2 2024: Assets $48.7B, Liab. $48.0B
Ticker: MPWR · Form: 10-Q · Filed: Aug 2, 2024 · CIK: 1280452
Sentiment: neutral
Topics: financials, 10-Q, semiconductors
TL;DR
**MPS Q2 2024: Assets $48.7B, Liabilities $48.0B. Slight positive net assets.**
AI Summary
Monolithic Power Systems Inc. reported its Q2 2024 results, ending June 30, 2024. The company's financial statements show total assets of $48,698 and total liabilities of $48,028. They also reported accrued liabilities of $150,000 and other noncurrent liabilities of $469. The filing also mentions a tax benefit related to stock-based compensation for equity awards.
Why It Matters
This filing provides a snapshot of Monolithic Power Systems' financial health at the end of Q2 2024, indicating a slight positive net asset position.
Risk Assessment
Risk Level: low — The filing is a routine 10-Q report for a publicly traded company, indicating standard financial reporting practices.
Key Numbers
- $48.7B — Total Assets (As of June 30, 2024)
- $48.0B — Total Liabilities (As of June 30, 2024)
- $150,000 — Accrued Liabilities Current (As of June 30, 2024)
- $469 — Other Liabilities Noncurrent (As of June 30, 2024)
Key Players & Entities
- MONOLITHIC POWER SYSTEMS INC (company) — Filer
- 20240630 (date) — Period of Report
- $48,698 (dollar_amount) — Total Assets
- $48,028 (dollar_amount) — Total Liabilities
- $150,000 (dollar_amount) — Accrued Liabilities Current
- $469 (dollar_amount) — Other Liabilities Noncurrent
FAQ
What was the net income for Monolithic Power Systems for the period ending June 30, 2024?
The provided excerpt does not contain specific net income figures for the period ending June 30, 2024.
What is the significance of the tax benefit related to stock-based compensation mentioned in the filing?
The tax benefit relates to equity awards expected to generate tax deductions when they vest in future periods, and executive officer awards are subject to Section 162(m) limitations.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
What is the business address of Monolithic Power Systems?
The business address is 5808 Lake Washington Blvd. NE, Kirkland, WA 98033.
What is the SIC code for Monolithic Power Systems?
The Standard Industrial Classification code is 3674, Semiconductors & Related Devices.
Filing Stats: 4,501 words · 18 min read · ~15 pages · Grade level 14.4 · Accepted 2024-08-02 16:01:47
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share MPWR The NASDAQ Global Se
Filing Documents
- mpwr20240630_10q.htm (10-Q) — 1535KB
- ex_675799.htm (EX-31.1) — 9KB
- ex_675800.htm (EX-31.2) — 9KB
- ex_675801.htm (EX-32.1) — 7KB
- 0001437749-24-024477.txt ( ) — 8427KB
- mpwr-20240630.xsd (EX-101.SCH) — 79KB
- mpwr-20240630_cal.xml (EX-101.CAL) — 72KB
- mpwr-20240630_def.xml (EX-101.DEF) — 464KB
- mpwr-20240630_lab.xml (EX-101.LAB) — 410KB
- mpwr-20240630_pre.xml (EX-101.PRE) — 515KB
- mpwr20240630_10q_htm.xml (XML) — 1603KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION 4 Item 1.
Financial Statements (unaudited)
Financial Statements (unaudited) 4 Condensed Consolidated Balance Sheets 4 Condensed Consolidated Statements of Operations 5 Condensed Consolidated Statements of Comprehensive Income 6 Condensed Consolidated Statements of Stockholders ' Equity 7 Condensed Consolidated Statements of Cash Flows 8 Notes to Condensed Consolidated Financial Statements 9 Item 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 28 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 35 Item 4.
Controls and Procedures
Controls and Procedures 35
OTHER INFORMATION
PART II. OTHER INFORMATION 36 Item 1.
Legal Proceedings
Legal Proceedings 36 Item 1A.
Risk Factors
Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37 Item 3. Defaults Upon Senior Securities 37 Item 4. Mine Safety Disclosures 37 Item 5. Other Information 37 Item 6. Exhibits 38 3 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements MONOLITHIC POWER SYSTEMS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except par value) (Unaudited) June 30, December 31, 2024 2023 ASSETS Current assets: Cash and cash equivalents $ 550,475 $ 527,843 Short-term investments 756,770 580,633 Accounts receivable, net 157,890 179,858 Inventories 426,751 383,702 Other current assets 105,547 147,463 Total current assets 1,997,433 1,819,499 Property and equipment, net 400,534 368,952 Acquisition-related intangible assets, net 10,512 - Goodwill 26,080 6,571 Deferred tax assets, net 29,707 28,054 Other long-term assets 183,866 211,277 Total assets $ 2,648,132 $ 2,434,353 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 99,894 $ 62,958 Accrued compensation and related benefits 63,917 56,286 Other accrued liabilities 131,348 115,791 Total current liabilities 295,159 235,035 Income tax liabilities 60,440 60,724 Other long-term liabilities 96,675 88,655 Total liabilities 452,274 384,414 Commitments and contingencies Stockholders' equity: Common stock and additional paid-in capital: $ 0.001 par value; shares authorized: 150,000 ; shares issued and outstanding: 48,698 and 48,028 , respectively 1,224,144 1,129,937 Retained earnings 1,016,208 947,064 Accumulated other comprehensive loss ( 44,494 ) ( 27,062 ) Total stockholders' equity 2,195,858 2,049,939 Total liabilities and stockholders' equity $ 2,648,132 $ 2,434,353 See accompanying notes to unaudited condensed consolidated financial statements. 4 Table of Contents MONOLITHIC POWER SYSTEMS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per-share amounts) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenue $ 507,431 $ 441,128 $ 965,316 $ 892,193 Cost of revenue 226,853 193,453 432,297 385,738 Gross profit 280,578 247,