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

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	427,374)	437,672)	242,023)	164,375)	108,839)
Depreciation and amortization	40,168)	37,114)	28,699)	19,186)	14,867)
Amortization of premium (discount) on available-for-sale securities	(5,277)	4,375)	4,674)	2,979)	729)
(Gain) loss on deferred compensation plan investments	(8,505)	6,600)	(4,563)	(4,592)	(3,806)
Deferred taxes, net	5,865)	(13,220)	(2,772)	(1,627)	(577)
Gain on sale of equity investment	(1,424)	—)	—)	—)	—)
Stock-based compensation expense	149,711)	160,992)	123,479)	85,551)	78,699)
Other	(23)	97)	110)	(1,072)	(259)
Accounts receivable	2,884)	(77,903)	(37,976)	(14,123)	2,512)
Inventories	63,583)	(188,073)	(102,323)	(29,503)	8,865)
Other assets	(24,310)	(177,284)	(15,311)	(3,003)	(10,204)
Accounts payable	4,797)	(11,240)	32,926)	10,410)	3,048)
Accrued compensation and related benefits	(31,187)	28,514)	16,536)	18,524)	7,496)
Income tax liabilities	(308)	16,559)	11,771)	747)	(1,355)
Other accrued liabilities	14,865)	22,471)	22,737)	19,951)	7,449)
Changes in operating assets and liabilities	30,324)	(386,956)	(71,640)	3,003)	17,811)
Adjustments to reconcile net income to net cash provided by operating activities	210,839)	(190,998)	77,987)	103,428)	107,464)
Net cash provided by operating activities	638,213)	246,674)	320,010)	267,803)	216,303)
Purchases of property and equipment	(57,578)	(58,843)	(94,420)	(55,610)	(86,538)
Purchases of investments	(582,603)	(65,785)	(394,886)	(338,263)	(212,562)
Maturities and sales of investments	468,308)	128,610)	113,755)	357,392)	136,051)
Contributions to deferred compensation plan, net	(6,853)	(16,492)	(2,542)	(2,696)	(3,082)
Purchases of intangible assets	—)	—)	(793)	—)	(981)
Net cash used in investing activities	(178,726)	(12,510)	(378,886)	(39,177)	(167,112)
Property and equipment purchased on extended payment terms	(2,826)	(2,055)	(2,834)	(5,357)	(683)
Proceeds from common stock issued under the employee equity incentive plan	1,118)	5,358)	17,322)	18,767)	16,650)
Proceeds from common stock issued under the employee stock purchase plan	7,568)	5,877)	4,670)	3,819)	3,277)
Repurchase of common stock	(3,741)	—)	—)	—)	—)
Dividends and dividend equivalents paid	(185,844)	(137,965)	(109,364)	(88,786)	(67,294)
Net cash used in financing activities	(183,725)	(128,785)	(90,206)	(71,557)	(48,050)
Effect of change in exchange rates	(3,310)	(6,039)	3,400)	4,926)	(883)
Net increase (decrease) in cash, cash equivalents and restricted cash	272,452)	99,340)	(145,682)	161,995)	258)
Cash, cash equivalents and restricted cash, beginning of period	288,729)	189,389)	335,071)	173,076)	172,818)
Cash, cash equivalents and restricted cash, end of period	561,181)	288,729)	189,389)	335,071)	173,076)

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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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 decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
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 increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
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 2021 to 2022 and from 2022 to 2023.

Monolithic Power Systems Inc. (NASDAQ:MPWR)

Cash Flow Statement