Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Monolithic Power Systems Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	637,354)	691,816)	700,347)	550,475)	488,273)	527,843)	421,178)	506,959)	488,972)	288,607)	316,210)	342,867)	260,604)	189,265)	226,091)	220,210)	218,368)	334,944)	179,466)	156,483)	154,880)
Short-term investments	389,310)	171,130)	762,003)	756,770)	798,116)	580,633)	621,123)	433,527)	428,598)	449,266)	419,837)	469,012)	512,908)	535,817)	515,947)	450,078)	420,455)	260,169)	372,076)	355,840)	334,386)
Accounts receivable, net	214,866)	172,518)	164,704)	157,890)	194,428)	179,858)	185,820)	169,180)	184,274)	182,714)	153,404)	125,508)	120,318)	104,813)	79,859)	77,553)	84,059)	66,843)	93,535)	55,136)	54,341)
Inventories	454,793)	419,611)	424,942)	426,751)	395,990)	383,702)	397,288)	427,432)	430,830)	447,290)	397,435)	359,647)	311,040)	259,417)	208,062)	177,322)	175,223)	157,062)	148,096)	152,119)	131,499)
Other current assets	92,063)	109,978)	108,454)	105,547)	99,685)	147,463)	109,967)	95,253)	89,955)	42,742)	36,571)	35,055)	42,266)	35,540)	34,535)	24,917)	24,325)	22,980)	25,970)	29,286)	29,679)
Current assets	1,788,386)	1,565,053)	2,160,450)	1,997,433)	1,976,492)	1,819,499)	1,735,376)	1,632,351)	1,622,629)	1,410,619)	1,323,457)	1,332,089)	1,247,136)	1,124,852)	1,064,494)	950,080)	922,430)	841,998)	819,143)	748,864)	704,785)
Property and equipment, net	527,348)	494,945)	436,265)	400,534)	375,573)	368,952)	358,226)	341,911)	354,313)	357,157)	343,123)	356,687)	369,374)	362,962)	340,060)	332,093)	297,741)	281,528)	270,310)	251,980)	236,807)
Acquisition-related intangible assets, net	9,651)	9,938)	10,225)	10,512)	9,518)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Goodwill	25,944)	25,944)	26,080)	26,080)	27,311)	6,571)	6,571)	6,571)	6,571)	6,571)	6,571)	6,571)	6,571)	6,571)	6,571)	6,571)	6,571)	6,571)	6,571)	6,571)	6,571)
Deferred tax assets, net	1,318,457)	1,326,840)	30,697)	29,707)	32,784)	28,054)	23,676)	35,755)	35,571)	35,252)	23,905)	23,961)	22,848)	21,917)	17,726)	17,699)	17,668)	18,556)	13,486)	13,432)	13,821)
Other long-term assets	135,974)	194,377)	191,023)	183,866)	157,023)	211,277)	204,240)	204,032)	207,567)	249,286)	234,165)	66,385)	68,052)	69,523)	67,050)	66,548)	63,782)	59,838)	51,784)	50,308)	45,520)
Long-term assets	2,017,374)	2,052,044)	694,290)	650,699)	602,209)	614,854)	592,713)	588,269)	604,022)	648,266)	607,764)	453,604)	466,845)	460,973)	431,407)	422,911)	385,762)	366,493)	342,151)	322,291)	302,719)
Total assets	3,805,760)	3,617,097)	2,854,740)	2,648,132)	2,578,701)	2,434,353)	2,328,089)	2,220,620)	2,226,651)	2,058,885)	1,931,221)	1,785,693)	1,713,981)	1,585,825)	1,495,901)	1,372,991)	1,308,192)	1,208,491)	1,161,294)	1,071,155)	1,007,504)

The analysis of the quarterly financial data reveals several notable trends and patterns in the reported figures.

Cash and Cash Equivalents: The cash position experienced significant fluctuations over the periods. Starting at 154,880 thousand USD in March 2020, it peaked at 334,944 thousand USD by December 2020, followed by a decline to 189,265 thousand USD at the end of 2021. Subsequently, cash levels rose substantially again, reaching a high of 700,347 thousand USD in September 2024 before a slight decrease to 637,354 thousand USD in March 2025. This pattern suggests strong cash flow variations, possibly reflecting operational or investing activities.
Short-term Investments: Short-term investments demonstrated variability with a general upward trajectory from 334,386 thousand USD in March 2020 to a peak around 798,116 thousand USD in June 2024. A notable decline occurred in March 2025 to 389,310 thousand USD. The increase over several years may indicate growing portfolio holdings, while the sharp drop could reflect liquidation or reallocation of investments.
Accounts Receivable, Net: The accounts receivable showed growth from 54,341 thousand USD in March 2020 to 182,714 thousand USD by December 2022, indicating increased sales or extended credit terms. After a decrease toward mid-2023, the figure rose again to 214,866 thousand USD in March 2025, signifying fluctuating yet overall increasing credit sales or collections.
Inventories: Inventories increased steadily from 131,499 thousand USD in March 2020 to a high of 447,290 thousand USD in December 2022. Post-2022, inventory levels softened slightly but remained elevated, ending at 454,793 thousand USD in March 2025. This trend reflects inventory buildup, possibly to support anticipated sales growth or as a response to supply chain dynamics.
Other Current Assets: Other current assets remained relatively stable initially but surged from 89,955 thousand USD in March 2023 to 147,463 thousand USD by December 2023. Following this peak, values declined to around 92,063 thousand USD by March 2025, indicating timing differences or reclassification activities within current asset components.
Current Assets: The total current assets exhibited consistent growth from 704,785 thousand USD in March 2020 to a maximum near 2,160,450 thousand USD in September 2024, with a noticeable drop to 1,788,386 thousand USD by March 2025. This reflects an overall increase in liquidity and short-term resource availability to support operational needs, tempered by some volatility in the latest periods.
Property and Equipment, Net: Property and equipment showed a steady increase throughout the observed timeline, from 236,807 thousand USD in March 2020 to 527,348 thousand USD in March 2025. The progressive rise indicates ongoing capital expenditure, expansion, or asset upgrades over time.
Acquisition-related Intangible Assets, Net: This category appeared only from March 2024 onwards, maintaining relatively stable values around 9,651 to 10,512 thousand USD, suggesting recent acquisitions or recognition of intangible assets related to business combinations.
Goodwill: Goodwill remained constant at 6,571 thousand USD through December 2023, with a significant jump to approximately 27,311 thousand USD in March 2024, followed by a slight decline. This increase correlates with the appearance of acquisition-related intangible assets, indicating notable acquisition activity during this period.
Deferred Tax Assets, Net: Deferred tax assets generally increased over the period, starting at 13,821 thousand USD in March 2020 and spiking dramatically to over 1.3 billion USD by March 2025. This substantial growth in deferred tax assets in recent quarters represents significant tax-related timing differences, possibly resulting from acquisitions or changes in tax positions.
Other Long-term Assets: These assets showed moderate growth initially with a peak around 249,286 thousand USD in September 2022, followed by a decline and stabilization around 135,974 thousand USD by March 2025. The volatility indicates possible reclassifications or impairment impacts in long-term assets.
Long-term Assets: Long-term assets exhibited steady increases from 302,719 thousand USD in March 2020 to a massive surge to over 2 billion USD by March 2025. This dramatic rise is primarily influenced by the spike in deferred tax assets and goodwill, reflecting significant non-current asset additions, likely linked to acquisitions or accounting changes.
Total Assets: Total assets grew consistently from approximately 1 billion USD in March 2020 to nearly 3.8 billion USD by March 2025. Growth accelerated markedly in the last quarters, driven by increases in both current and long-term assets, particularly deferred tax assets and goodwill, indicating substantial investments and acquisition activities contributing to the expanded asset base.

Assets: Selected Items

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Monolithic Power Systems Inc. (NASDAQ:MPWR)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data