Monolithic power systems inc (MPWR)
Income statement / 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'11Sep'10Jun'10
Revenue

165,778

166,738

168,813

151,007

141,363

153,497

159,975

139,761

129,150

129,430

128,939

112,198

100,362

103,618

106,456

94,079

84,512

86,918

91,194

81,416

73,538

75,703

78,335

68,436

60,061

63,560

65,347

57,714

51,470

48,214

56,508

58,607

50,484

47,461

52,962

51,628

44,468

65,843

55,690

Cost of revenue

74,331

74,802

75,655

67,782

63,357

68,904

70,957

62,197

57,655

58,269

58,083

50,773

45,520

47,107

48,531

43,153

39,002

40,001

41,754

37,287

33,855

34,744

35,872

31,337

27,964

29,266

30,053

26,786

24,085

22,661

26,495

27,435

24,074

22,544

25,148

25,070

22,163

29,857

23,256

Gross profit

91,447

91,936

93,158

83,225

78,006

84,593

89,018

77,564

71,495

71,161

70,856

61,425

54,842

56,511

57,925

50,926

45,510

46,917

49,440

44,129

39,683

40,959

42,463

37,099

32,097

34,294

35,294

30,928

27,385

25,553

30,013

31,172

26,410

24,917

27,814

26,558

22,305

35,986

32,434

Operating expenses:
Research and development

25,956

27,011

27,742

27,545

25,458

22,735

25,630

23,481

21,609

21,730

21,442

20,292

18,894

17,974

20,472

17,876

17,321

16,734

17,272

15,743

16,038

14,941

14,679

13,368

15,603

-

-

-

-

13,243

11,967

12,468

11,118

11,403

11,792

11,237

10,086

11,291

11,785

Selling, general and administrative

32,164

33,240

34,692

35,058

30,553

28,372

29,552

28,561

27,318

24,038

25,255

25,873

22,092

21,316

22,397

21,531

17,768

18,107

18,722

17,964

17,518

16,787

17,006

16,853

16,109

13,683

13,891

13,793

13,258

13,930

11,955

12,167

11,966

10,198

10,249

10,343

9,490

10,296

11,615

Litigation expense

2,341

991

692

503

278

-

-

-

-

-

-

-

-

-

-

-

-

-283

-136

-311

-270

66

332

274

-8,700

-

-

-

-

-2,600

-229

-244

128

905

722

939

813

964

2,228

Total operating expenses

60,461

61,242

63,126

63,106

56,289

51,516

55,525

52,682

49,458

46,108

47,024

46,455

41,272

38,969

42,924

39,399

35,134

35,124

36,130

34,018

33,826

31,794

32,017

30,495

23,012

26,254

26,638

26,014

25,080

24,573

23,693

24,391

23,212

22,506

22,763

22,519

20,389

22,551

25,628

Income from operations

30,986

30,694

30,032

20,119

21,717

33,077

33,493

24,882

22,037

25,053

23,832

14,970

13,570

17,542

15,001

11,527

10,376

11,793

13,310

10,111

5,857

9,165

10,446

6,604

9,085

8,040

8,656

4,914

2,305

980

6,320

6,781

3,198

2,411

5,051

4,039

1,916

13,435

6,806

Interest and other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

159

4

Other income (expense), net

-1,714

2,731

2,257

2,229

3,341

-393

2,714

2,232

440

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81

334

Interest and other income, net

-

-

-

-

-

-

-

-

-

1,647

1,255

1,237

1,381

897

780

597

543

550

-6

235

642

-

-

-

-

-

-

-

-

-10

156

359

106

99

3

24

183

240

338

Income before income taxes

29,272

33,425

32,289

22,348

25,058

32,684

36,207

27,114

22,477

26,700

25,087

16,207

14,951

18,439

15,781

12,124

10,919

12,343

13,304

10,346

6,499

9,572

10,648

6,899

9,275

7,983

8,597

5,132

2,295

970

6,476

7,140

3,304

2,510

5,054

4,063

2,099

13,516

7,140

Income tax benefit

-6,500

989

2,761

1,655

-1,100

5,046

4,639

2,908

621

14,629

1,445

1,193

474

1,866

1,408

926

344

2,233

2,103

2,447

536

712

-573

502

257

484

1,187

-357

-204

722

555

548

309

57

-419

581

206

297

733

Net income

35,756

32,436

29,528

20,693

26,181

27,638

31,568

24,206

21,856

12,071

23,642

15,014

14,477

16,573

14,373

11,198

10,575

10,110

11,201

7,899

5,963

8,860

11,221

6,397

9,018

7,499

7,410

5,489

2,499

248

5,921

6,592

2,995

2,453

5,473

3,482

1,893

13,219

6,407

Net income per share
Basic (in dollars per share)

0.80

0.75

0.68

0.48

0.61

0.65

0.75

0.57

0.52

0.29

0.57

0.36

0.35

0.41

0.35

0.28

0.26

0.26

0.28

0.20

0.15

0.23

0.29

0.17

0.23

0.20

0.20

0.15

0.07

0.01

0.17

0.19

0.09

0.07

0.16

0.10

0.05

0.37

0.18

Diluted (in dollars per share)

0.77

0.70

0.64

0.45

0.58

0.61

0.71

0.55

0.49

0.27

0.54

0.35

0.33

0.39

0.34

0.27

0.25

0.24

0.28

0.19

0.15

0.22

0.28

0.16

0.23

0.19

0.19

0.14

0.07

0.01

0.16

0.18

0.08

0.07

0.16

0.10

0.05

0.35

0.17

Weighted-average shares outstanding:
Basic (in shares)

44,455

43,495

43,307

43,109

42,749

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

35,145

34

34

33

33

33

35

36

36,291

Diluted (in shares)

46,670

46,503

45,833

45,483

45,232

45,058

44,669

44,400

44,282

44,610

43,486

43,397

43,268

42,404

41,895

41,716

41,646

41,445

40,689

40,745

40,596

40,321

39,727

39,608

39,517

39,524

39,009

38,239

37,708

36

36,438

35

35

34

34

34

36

37

38,355

Cash dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

0.20

0.20

0.20

0.20

0.20

0.20

0.20

0.20

0.15

0.15

0.15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,800

4,182

3,829

3,315

-

-

-

-

-

-