Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Monolithic Power Systems Inc., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,207,100)	1,821,072)	1,794,148)	1,207,798)	844,452)
Cost of revenue	(986,230)	(799,953)	(745,596)	(522,339)	(378,498)
Gross profit	1,220,870)	1,021,119)	1,048,552)	685,459)	465,954)
Research and development	(324,748)	(263,643)	(240,171)	(190,627)	(137,598)
Selling, general and administrative	(356,764)	(275,740)	(281,596)	(232,415)	(169,474)
Operating expenses	(681,512)	(539,383)	(521,767)	(423,042)	(307,072)
Operating income	539,358)	481,736)	526,785)	262,417)	158,882)
Interest income	27,093)	23,363)	14,369)	11,637)	9,327)
Amortization of discount (premium) on available-for-sale securities, net	20,145)	5,277)	(4,375)	(4,674)	(2,979)
Gain (loss) on deferred compensation plan investments	9,400)	8,505)	(6,600)	4,563)	4,592)
Charitable contributions	(23,742)	(14,850)	(5,900)	(1,500)	(766)
Gain on sale of equity investment	—)	1,424)	—)	—)	—)
Other	658)	386)	658)	(224)	286)
Other income (expense), net	33,554)	24,105)	(1,848)	9,802)	10,460)
Income before income taxes	572,912)	505,841)	524,937)	272,219)	169,342)
Income tax (expense) benefit, net	1,213,788)	(78,467)	(87,265)	(30,196)	(4,967)
Net income	1,786,700)	427,374)	437,672)	242,023)	164,375)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Monolithic Power Systems Inc. revenue increased from 2022 to 2023 and from 2023 to 2024.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Monolithic Power Systems Inc. operating income decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Monolithic Power Systems Inc. income before income taxes decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Monolithic Power Systems Inc. net income decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Monolithic Power Systems Inc. (NASDAQ:MPWR)

Income Statement