Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Monolithic Power Systems Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Accounts payable	62,958)	61,461)	83,027)	38,169)	27,271)
Accrued compensation and related benefits	56,286)	88,260)	62,635)	45,840)	26,164)
Dividends and dividend equivalents	57,697)	42,170)	32,364)	26,435)	21,747)
Warranty	16,906)	24,082)	20,989)	6,895)	1,139)
Stock rotation and sales returns	18,843)	14,931)	5,748)	6,005)	5,530)
Income tax payable	8,063)	15,595)	4,921)	3,755)	2,435)
Other	14,282)	16,901)	17,260)	19,870)	13,939)
Other accrued liabilities	115,791)	113,679)	81,282)	62,960)	44,790)
Current liabilities	235,035)	263,400)	226,944)	146,969)	98,225)
Income tax liabilities	60,724)	53,509)	47,669)	37,062)	37,596)
Deferred compensation plan liabilities	80,903)	64,863)	55,489)	48,280)	39,665)
Dividend equivalents	2,187)	6,847)	8,470)	7,871)	6,265)
Long-term operating lease liabilities	5,565)	1,664)	3,268)	1,693)	1,103)
Other	—)	—)	—)	29)	30)
Other long-term liabilities	88,655)	73,374)	67,227)	57,873)	47,063)
Long-term liabilities	149,379)	126,883)	114,896)	94,935)	84,659)
Total liabilities	384,414)	390,283)	341,840)	241,904)	182,884)
Common stock and additional paid-in capital, $0.001 par value	1,129,937)	975,276)	803,226)	657,701)	549,517)
Retained earnings	947,064)	716,403)	424,879)	298,746)	229,450)
Accumulated other comprehensive income (loss)	(27,062)	(23,077)	15,880)	10,140)	(5,476)
Stockholders’ equity	2,049,939)	1,668,602)	1,243,985)	966,587)	773,491)
Total liabilities and stockholders’ equity	2,434,353)	2,058,885)	1,585,825)	1,208,491)	956,375)

Based on: 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), 10-K (reporting date: 2019-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Monolithic Power Systems Inc. current liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Monolithic Power Systems Inc. long-term liabilities increased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Monolithic Power Systems Inc. total liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Monolithic Power Systems Inc. stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

Monolithic Power Systems Inc. (NASDAQ:MPWR)

Balance Sheet: Liabilities and Stockholders’ Equity