Stock Analysis on Net

Monolithic Power Systems Inc. (NASDAQ:MPWR)

This company has been moved to the archive! The financial data has not been updated since May 5, 2023.

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Monolithic Power Systems Inc., consolidated cash flow statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net income 437,672 242,023 164,375 108,839 105,268
Depreciation and amortization 37,114 28,699 19,186 14,867 12,311
Amortization of premium on available-for-sale securities 4,375 4,674 2,979 729 1,353
(Gain) loss on deferred compensation plan investments 6,600 (4,563) (4,592) (3,806) 255
Deferred taxes, net (13,220) (2,772) (1,627) (577) (843)
Stock-based compensation expense 160,992 123,479 85,551 78,699 60,607
Other 97 110 (1,072) (259) 22
Accounts receivable (77,903) (37,976) (14,123) 2,512 (18,079)
Inventories (188,073) (102,323) (29,503) 8,865 (37,060)
Other assets (177,284) (15,311) (3,003) (10,204) (1,075)
Accounts payable (11,240) 32,926 10,410 3,048 871
Accrued compensation and related benefits 28,514 16,536 18,524 7,496 3,806
Income tax liabilities 16,559 11,771 747 (1,355) 6,923
Other accrued liabilities 22,471 22,737 19,951 7,449 7,092
Changes in operating assets and liabilities (386,956) (71,640) 3,003 17,811 (37,522)
Adjustments to reconcile net income to net cash provided by operating activities (190,998) 77,987 103,428 107,464 36,183
Net cash provided by operating activities 246,674 320,010 267,803 216,303 141,451
Purchases of property and equipment (58,843) (94,420) (55,610) (86,538) (22,526)
Purchases of short-term investments (63,700) (394,886) (334,947) (212,562) (99,199)
Maturities and sales of short-term investments 127,860 113,255 357,092 135,801 109,131
Purchases of long-term investments (2,085) (3,316)
Sales of long-term investments 750 500 300 250 2,000
Contributions to deferred compensation plan, net (16,492) (2,542) (2,696) (3,082) (4,146)
Purchases of intangible assets (793) (981)
Net cash used in investing activities (12,510) (378,886) (39,177) (167,112) (14,740)
Property and equipment purchased on extended payment terms (2,055) (2,834) (5,357) (683) (749)
Proceeds from common stock issued under the employee equity incentive plan 5,358 17,322 18,767 16,650 10,637
Proceeds from common stock issued under the employee stock purchase plan 5,877 4,670 3,819 3,277 3,028
Dividends and dividend equivalents paid (137,965) (109,364) (88,786) (67,294) (47,475)
Net cash used in financing activities (128,785) (90,206) (71,557) (48,050) (34,559)
Effect of change in exchange rates (6,039) 3,400 4,926 (883) (2,208)
Net increase (decrease) in cash, cash equivalents and restricted cash 99,340 (145,682) 161,995 258 89,944
Cash, cash equivalents and restricted cash, beginning of period 189,389 335,071 173,076 172,818 82,874
Cash, cash equivalents and restricted cash, end of period 288,729 189,389 335,071 173,076 172,818

Based on: 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), 10-K (reporting date: 2018-12-31).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Monolithic Power Systems Inc. net cash provided by operating activities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Monolithic Power Systems Inc. net cash used in investing activities decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Net cash used in financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Monolithic Power Systems Inc. net cash used in financing activities decreased from 2020 to 2021 and from 2021 to 2022.