Monolithic Power Systems Inc., adjusted total assets

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total assets	3,617,097)	2,434,353)	2,058,885)	1,585,825)	1,208,491)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax assets, net²	1,326,840)	28,054)	35,252)	21,917)	18,556)
After Adjustment
Adjusted total assets	2,290,257)	2,406,299)	2,023,633)	1,563,908)	1,189,935)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets, net. See details »

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Monolithic Power Systems Inc., adjusted current liabilities

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Current liabilities	294,567)	235,035)	263,400)	226,944)	146,969)
Adjustments
Less: Current warranty reserves	5,401)	16,906)	24,082)	20,989)	6,895)
After Adjustment
Adjusted current liabilities	289,166)	218,129)	239,318)	205,955)	140,074)

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Monolithic Power Systems Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total liabilities	471,330)	384,414)	390,283)	341,840)	241,904)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Warranty reserves	5,401)	16,906)	24,082)	20,989)	6,895)
After Adjustment
Adjusted total liabilities	465,929)	367,508)	366,201)	320,851)	235,009)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

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Monolithic Power Systems Inc., adjusted stockholders’ equity

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Stockholders’ equity	3,145,767)	2,049,939)	1,668,602)	1,243,985)	966,587)
Adjustments
Less: Net deferred tax assets (liabilities)¹	1,326,840)	28,054)	35,252)	21,917)	18,556)
Add: Warranty reserves	5,401)	16,906)	24,082)	20,989)	6,895)
After Adjustment
Adjusted stockholders’ equity	1,824,328)	2,038,791)	1,657,432)	1,243,057)	954,926)

¹ Net deferred tax assets (liabilities). See details »

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Monolithic Power Systems Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total reported debt	—)	—)	—)	—)	—)
Stockholders’ equity	3,145,767)	2,049,939)	1,668,602)	1,243,985)	966,587)
Total reported capital	3,145,767)	2,049,939)	1,668,602)	1,243,985)	966,587)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Operating lease liabilities (included in Other accrued liabilities)²	2,819)	2,303)	2,133)	2,539)	1,406)
Add: Long-term operating lease liabilities³	12,974)	5,565)	1,664)	3,268)	1,693)
Adjusted total debt	15,793)	7,868)	3,797)	5,807)	3,099)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	1,326,840)	28,054)	35,252)	21,917)	18,556)
Add: Warranty reserves	5,401)	16,906)	24,082)	20,989)	6,895)
Adjusted stockholders’ equity	1,824,328)	2,038,791)	1,657,432)	1,243,057)	954,926)
After Adjustment
Adjusted total capital	1,840,121)	2,046,659)	1,661,229)	1,248,864)	958,025)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating lease liabilities (included in Other accrued liabilities). See details »

³ Long-term operating lease liabilities. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Monolithic Power Systems Inc., adjusted net income

US$ in thousands

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Net income	1,786,700)	427,374)	437,672)	242,023)	164,375)
Adjustments
Add: Deferred income tax expense (benefit)¹	(1,297,867)	7,444)	(12,942)	1,405)	(1,688)
Add: Increase (decrease) in warranty reserves	(11,505)	(7,176)	3,093)	14,094)	5,756)
Add: Other comprehensive income (loss), net of tax	(21,449)	(3,985)	(38,957)	5,740)	15,616)
After Adjustment
Adjusted net income	455,879)	423,657)	388,866)	263,262)	184,059)

¹ Deferred income tax expense (benefit). See details »

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Monolithic Power Systems Inc. (NASDAQ:MPWR)

Adjustments to Financial Statements