Monolithic power systems inc (MPWR)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income

35,756

32,437

29,528

20,693

26,181

27,638

31,568

24,206

21,856

12,071

23,642

15,013

14,477

16,574

14,373

11,198

10,575

10,109

11,201

7,899

5,963

8,860

11,220

6,397

9,018

7,499

7,410

5,490

2,499

248

5,921

6,592

2,995

2,453

5,473

3,482

1,893

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

4,328

4,050

3,823

3,739

3,255

3,253

3,228

3,075

2,755

4,009

4,029

4,019

4,044

4,132

3,669

3,553

3,320

3,305

3,386

3,471

3,621

3,442

3,388

3,118

3,182

3,200

3,249

3,002

2,709

2,466

2,413

2,269

2,184

2,182

2,175

2,105

2,270

(Gain) loss on disposal and sale of property and equipment, net

1

-23

297

-1

-14

-

-

-

-

-

-

-

3

1

0

0

-58

339

0

0

0

-

-

-

-

-

-

-

-

-2

0

-5

-74

-

-

-

-

Amortization of premium on available-for-sale securities

-494

-345

-168

-95

-121

-231

-314

-1,243

435

-3,470

489

498

507

400

256

192

171

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on deferred compensation plan investments

-3,750

1,176

75

620

1,935

-1,204

716

299

-66

629

636

533

733

160

490

305

302

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premium amortization and loss on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

63

71

123

116

106

98

-

-

-

-

-

-

-

-

(Gains) losses on investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-654

-361

105

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes, net

3,412

-559

2

13

-33

-

-

-

-

-

-

-

-

-17

0

1

11

42

0

0

0

-

-

-

-

-

-

-

-

-

-

0

2

-

-

-

-

Amortization and loss on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58

59

28

-

49

125

183

Tax benefit from stock option transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

649

-

62

373

1,472

Excess tax benefits from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132

34

68

667

100

172

329

-39

-435

Stock-based compensation expense

18,562

18,680

21,300

22,709

16,010

14,842

14,844

15,891

15,030

11,858

13,970

15,127

11,662

10,748

13,515

11,747

8,979

12,372

10,475

9,497

9,219

8,582

8,859

8,415

7,598

5,620

5,231

5,190

4,660

7,326

4,182

3,829

3,315

3,090

3,374

3,675

2,987

Changes in operating assets and liabilities:
Accounts receivable

1,635

-5,560

2,872

-3,500

3,676

-4,673

6,427

5,222

11,103

-12,720

8,776

3,864

3,865

918

1,983

2,518

-1,998

356

3,711

1,420

-286

1,354

2,826

-637

-1,673

1,774

1,637

-2,349

3,285

-2,178

146

1,469

4,849

-5,177

1,169

53

705

Inventories

3,994

-8,111

-7,959

1,034

6,171

-436

7,894

17,012

12,590

-589

7,226

14,101

7,057

801

764

7,609

-851

-4,168

2,349

11,562

12,467

-658

343

1,376

81

18,457

-2,711

-5,304

-2,836

-515

21,869

-7,907

-1,443

3,459

1,158

-1,597

2,679

Other assets

10,061

4,355

5,807

-1,534

1,576

410

-318

-2,971

3,954

93

-2,863

-298

1,465

152

452

10,236

181

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-362

-

421

-589

2,036

342

-11

-137

-315

-34

193

394

-97

-1,036

-298

1,006

-345

Accounts payable

7,185

-4,125

5,020

-2,625

4,778

-5,107

2,946

-824

3,856

-1,922

-2,756

2,828

4,927

-230

-1,463

3,834

3,342

-3,398

-1,142

-2,215

6,902

-2,232

896

1,910

1,058

276

-2,893

1,922

2,135

-1,591

-3,567

1,814

4,098

-1,669

-1,350

763

1,299

Accrued compensation and related benefits

-7,374

-2,832

6,204

4,120

4

-4,032

7,735

2,924

-2,821

-2,145

2,809

3,984

-2,251

-3,413

2,163

4,656

-270

-4,381

3,236

3,839

-1,626

2,499

-5,962

2,236

-63

3,693

-3,394

3,214

-822

1,747

-5,088

4,310

-2,602

2,672

-1,365

2,276

-3,094

Accrued liabilities

-

-

-

-

-

-

-

-4,459

4,998

3,576

4,099

775

2,402

3,727

3,539

425

344

5,788

1,347

-532

3,339

-217

2,070

3,518

-8,473

8,657

1,717

-114

1,889

-1,752

654

-3,206

2,207

-51

-1,677

1,637

-347

Income tax liabilities

34

4,831

441

-5,136

-1,491

6,395

-1,018

3,782

-2,236

28,098

1,171

831

-753

1,497

1,273

421

-26

2,086

790

935

187

553

-935

96

38

301

922

-611

-526

222

2,088

-402

-432

1,637

-194

-575

-1,037

Net cash provided by operating activities

51,419

60,986

72,424

44,057

38,836

47,590

52,151

25,418

16,292

53,373

33,678

24,878

21,892

30,999

32,919

14,998

28,870

24,337

22,050

7,668

15,681

20,536

16,009

25,603

11,985

30,448

8,021

15,513

6,704

11,462

1,158

6,073

6,219

13,266

8,905

13,284

8,230

Cash flows from investing activities:
Purchases of property and equipment

9,952

8,677

9,491

19,262

58,376

4,469

5,059

5,598

7,400

40,662

4,580

17,104

3,424

8,076

10,358

13,332

5,346

7,614

1,755

1,952

4,703

1,781

1,772

1,442

4,516

340

4,623

7,366

3,435

2,324

5,551

8,309

4,875

2,227

13,524

2,215

3,056

Acquisition of in-place leases

0

0

0

0

981

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of short-term investments

101,566

106,153

84,863

21,546

0

13,178

19,019

19,437

47,565

38,257

8,876

21,409

71,989

89,857

41,051

39,201

66,803

50,367

42,988

70,046

59,617

36,166

14,148

44,581

41,977

63,382

21,989

22,795

17,590

27,385

28,935

37,359

49,415

30,989

24,304

6,989

15,968

Proceeds from maturities and sales of short-term investments

47,397

36,987

40,815

29,923

28,076

25,452

32,620

19,996

31,063

15,824

19,869

16,409

25,400

82,611

52,814

50,566

37,353

58,524

39,063

57,573

34,389

50,539

20,250

51,250

27,252

30,000

17,900

16,550

21,250

49,015

24,650

36,518

25,000

21,001

21,999

43,189

43,530

Proceeds from sales of long-term investments

100

125

50

75

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,050

0

0

-25

4,200

0

-2,000

-100

-2,025

-1,650

-50

-2,050

Proceeds from sales of property and equipment

1

0

7,812

0

1,456

-

-

-

-

-

-

-

3

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions to deferred compensation plan, net

438

1,285

362

479

956

2,750

485

-389

1,300

3,137

530

361

1,233

2,732

691

593

1,030

4,589

680

599

2,176

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-64,458

-79,003

-46,039

-11,289

-30,781

7,055

8,057

-4,650

-25,202

-66,232

5,883

-22,468

-51,243

-18,054

714

-2,560

-35,826

-3,706

-6,360

-15,024

-32,107

16,767

-9,724

2,831

-19,241

-31,942

-9,021

-13,611

250

19,785

-10,295

-7,137

-29,190

-10,190

-14,179

34,035

26,556

Cash flows from financing activities:
Property and equipment purchased on extended payment terms

279

479

201

-7

10

-

-

-

-

0

0

0

250

150

0

150

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

43

16

-

0

68

61

153

151

576

464

868

196

5,388

1,292

1,538

1,780

3,069

5,554

5,223

16,470

6,345

9,839

1,157

4,892

3,356

3,985

363

72

735

3,527

Proceeds from common stock issued under the employee equity incentive plan

11,758

2,089

2,090

2,088

10,383

953

975

916

7,793

150

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from common stock issued under the employee stock purchase plan

1,892

0

1,650

0

1,627

0

1,466

-1

1,563

0

1,319

0

1,382

0

1,178

0

1,285

0

1,106

0

1,121

0

1,025

0

1,053

0

978

0

1,167

0

816

0

1,036

0

845

0

928

Repurchase of common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

551

13,606

7,724

10,405

8,222

9,180

12,438

11,358

-

-

-

-

-

-

-

-

0

0

24,762

13,710

Dividends and dividend equivalents paid

17,427

18,653

17,857

18,023

12,761

13,094

12,914

13,128

8,339

8,662

8,449

8,636

8,179

8,465

8,154

8,506

7,974

8,112

8,011

7,983

5,859

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132

34

68

667

100

-118

-329

39

435

Net cash used in financing activities

-4,056

-17,043

-14,318

-15,928

-761

-12,890

-10,532

-12,170

1,033

-8,641

-7,130

-8,568

-6,986

-8,075

-6,108

-7,719

-6,225

-6,238

-18,742

-7,821

-13,851

-12,665

-12,192

-9,619

-4,751

-7,976

9,475

6,213

11,138

-34,473

5,776

4,023

5,121

245

588

-23,988

-8,820

Effect of change in exchange rates

-985

1,633

-2,691

-1,595

1,770

-146

-1,655

-1,544

1,137

-165

881

449

460

-1,649

-92

-481

129

-149

-1,200

79

-23

-184

-144

163

-321

237

236

333

91

83

-36

-46

210

78

-27

292

86

Net increase (decrease) in cash, cash equivalents and restricted cash

-18,080

-33,427

9,376

15,245

9,064

41,609

48,021

7,054

-6,740

-21,665

33,312

-5,709

-35,877

3,221

27,433

4,238

-13,052

14,244

-4,252

-15,098

-30,300

24,454

-6,051

18,978

-12,328

-9,233

8,711

8,448

18,183

-3,143

-3,397

2,913

-17,640

3,399

-4,713

23,623

26,052

Cash paid for taxes and interest

279

1,228

2,304

6,775

393

746

2,504

510

3,374

1,764

272

363

1,220

391

131

363

349

252

1,315

1,513

242

254

348

416

217

269

266

257

324

75

309

298

125

94

200

281

100

Non-cash investing and financing activities:
Liability accrued for property and equipment purchases

963

2,834

1,941

2,070

3,355

-2,898

1,696

448

2,491

2,777

-690

-234

1,208

590

-275

-368

840

1,181

322

-841

1,522

704

172

166

445

-140

-1,663

-486

4,230

41

-2,727

1,315

3,099

1,021

-65

-2,937

3,464

Temporary impairment of auction-rate securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-42

-9

-90

-

-150

0

-140