Maxim integrated products, inc. (MXIM)
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'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09
Interest Expense

9,300

9,300

9,300

-

9,300

11,700

12,600

-

12,400

12,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Expense, Debt

8,900

8,900

8,900

-

8,900

11,200

12,400

-

12,400

12,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based Payment Arrangement, Expense

23,403

24,066

24,672

-

22,820

21,656

20,498

-

20,605

21,038

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,522

27,139

-

-

-

-

Share-based Payment Arrangement, Expense, Tax Benefit

1,969

2,193

2,888

-

1,946

2,304

1,964

-

2,053

1,887

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based Payment Arrangement, Expense, after Tax

21,434

21,873

21,784

-

20,874

19,352

18,534

-

18,552

19,151

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue from Contract with Customer, Excluding Assessed Tax

561,916

551,070

533,040

-

542,383

576,906

638,495

-

648,599

622,637

575,676

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net revenues

561,916

551,070

533,040

556,545

542,383

576,906

638,495

-

648,599

622,637

-

602,005

581,216

550,998

561,396

566,126

555,252

510,831

562,510

582,517

577,263

566,809

580,275

642,467

605,681

620,274

585,241

608,194

604,884

605,306

623,075

604,956

571,212

591,359

636,002

626,491

606,775

612,936

626,139

565,962

508,880

473,515

449,246

Cost of goods sold

195,479

190,546

189,717

200,154

201,552

203,858

208,259

214,486

224,653

212,961

201,845

208,339

214,312

210,820

215,664

219,099

236,411

218,662

276,159

278,816

261,995

252,732

241,454

273,507

265,744

291,602

238,045

236,795

228,782

241,931

237,384

232,967

235,782

243,399

240,529

235,666

234,125

232,661

239,925

225,014

200,177

181,727

197,619

Gross margin

366,437

360,524

343,323

356,391

340,831

373,048

430,236

418,668

423,946

409,676

373,831

393,666

366,904

340,178

345,732

347,027

318,841

292,169

286,351

303,701

315,268

314,077

338,821

368,960

339,937

328,672

347,196

371,399

376,102

363,375

385,691

371,989

335,430

347,960

395,473

390,825

372,650

380,275

386,214

340,948

308,703

291,788

251,627

Operating expenses:
Research and development

109,091

111,914

108,989

105,136

107,075

110,303

112,708

112,056

114,390

115,896

108,601

114,011

113,163

114,057

112,746

113,491

119,178

113,100

121,392

121,552

123,913

135,945

140,362

143,802

141,493

142,971

129,902

132,009

134,138

135,742

132,930

134,007

136,075

142,084

140,213

136,573

130,955

130,001

127,779

123,542

116,750

118,017

116,343

Selling, general and administrative

71,643

76,071

76,115

75,130

74,116

77,853

81,518

82,610

81,304

85,323

73,681

75,129

73,987

71,543

70,852

71,483

71,778

73,643

71,995

72,532

75,766

79,778

79,989

83,153

80,680

83,471

77,430

82,083

81,954

80,058

80,187

79,980

78,011

80,826

82,456

74,537

73,617

72,240

72,100

67,342

61,494

59,812

53,496

Intangible asset amortization

756

756

756

756

756

756

773

844

876

995

1,752

2,050

2,348

2,348

2,443

2,538

2,538

3,538

3,591

-

3,977

4,155

-

-

-

-

-

-

-

-

-

-

-

4,338

4,321

4,200

4,092

4,447

6,013

4,988

1,799

1,846

1,844

Impairment of long-lived assets

0

0

-

-

0

753

-

0

0

850

42

-

1,000

383

-

-

506

1,950

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

0

8,291

Goodwill and Intangible Asset Impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

93,010

-

-

2,580

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Expenses, Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,327

-

4,863

4,968

3,436

-

3,903

3,903

4,049

-

4,029

-

-

-

-

-

-

-

-

-

-

Impairment of Long-Lived Assets to be Disposed of

-

-

-

-

-

-

-

-

-

-

-

-

0

-5,337

6,134

-

-

-

157,697

-

5,522

50,745

10,226

-

0

5,197

0

-

0

22,222

2,707

-

7,712

0

0

-

-

-

-

-

-

-

-

Severance and Restructuring Charges

523

2,728

1,434

1,715

1,744

1,179

994

832

2,272

6,523

5,433

1,174

450

864

9,965

4,149

2,552

10,652

7,126

12,798

2,824

13,635

1,385

5,790

3,338

10,227

5,547

442

151

2,236

0

18

228

6,047

492

-423

16

488

1,166

-576

-625

2,063

-1,561

Other operating expenses (income), net

-1,077

1

-25

-

0

0

-60

-

-266

959

844

-

-1,704

-1,909

28,481

-

55,419

247

-315

-

-2,184

885

1,574

5,861

333

7,307

2,272

-695

1,678

1,666

415

-4,469

-2,511

155

-4,389

-1,984

-25

21,100

33

4,569

177,546

921

-16,885

Business Combination, Acquisition Related Costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-88

4,137

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

183,090

191,468

187,319

182,820

183,691

190,844

196,053

196,272

199,108

208,628

188,665

194,288

192,652

191,104

173,659

224,654

141,133

202,636

362,116

208,753

209,818

378,153

237,863

252,410

233,199

258,278

218,587

220,309

221,824

245,827

220,288

235,968

223,544

233,450

223,093

212,903

208,655

228,276

207,091

199,865

356,964

182,659

161,528

Operating Income (Loss)

183,347

169,056

156,004

173,571

157,140

182,204

234,183

222,396

224,838

201,048

185,166

199,378

174,252

149,074

172,073

122,373

177,708

89,533

-75,765

94,948

105,450

-64,076

100,958

116,550

106,738

70,394

128,609

151,090

154,278

117,548

165,403

136,021

111,886

114,510

172,380

177,922

163,995

151,999

179,123

141,083

-48,261

109,129

90,099

Interest and other income (expense), net

-1,622

-17

1,829

-

3,318

472

-546

-

-2,534

-3,121

-4,214

-

-3,884

-636

-6,870

-

-6,373

-9,593

-6,402

-

-5,534

-7,599

-6,477

-

5,174

-5,833

-3,463

-

-2,669

-2,798

-5,742

-108

-230

2,374

-4,100

-2,022

-1,570

-4,100

-3,676

1,838

644

3,630

1,901

Income before provision for income taxes

181,725

169,039

157,833

177,650

160,458

182,676

233,637

223,702

222,304

197,927

180,952

195,580

170,368

148,438

165,203

115,946

171,335

79,940

-82,167

123,448

99,916

-71,675

94,481

107,607

111,912

64,561

125,146

144,259

151,609

114,750

159,661

135,913

111,656

116,884

168,280

175,900

162,425

147,899

175,447

142,921

-47,617

112,759

92,000

Income tax provision

20,500

23,000

17,677

-189,879

29,800

50,800

36,214

29,529

28,677

272,942

26,419

32,271

30,155

17,961

27,589

23,607

31,525

12,471

-10,024

24,789

20,483

359

-5,499

22,814

-10,632

20,208

22,026

25,245

22,824

38,128

31,773

25,279

88,948

28,754

34,834

50,307

26,149

38,309

57,897

84,466

-13,714

54,124

50,048

Income (Loss) from Continuing Operations Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

128,785

-

-

-

22,708

-

-

-

136,276

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,603

-

-

-

31,809

-

-

-

0

-

-

-

-

-

-

Net income

161,190

146,050

140,156

367,558

130,613

131,892

197,423

194,173

193,627

-75,015

154,533

163,309

140,213

130,477

137,614

92,339

139,810

67,469

-72,143

98,659

79,433

-72,034

99,980

84,793

122,544

44,353

103,120

119,014

131,388

76,622

127,888

110,634

54,517

88,130

133,446

125,593

136,276

109,590

117,550

58,455

-33,903

58,635

41,952

Earnings Per Share [Abstract]
Income (Loss) from Continuing Operations, Per Basic Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.44

-

-

-

0.08

-

-

-

0.46

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

-

-

-

0.11

-

-

-

0.00

-

-

-

-

-

-

Earnings Per Share, Basic

0.60

0.54

0.52

1.34

0.48

0.48

0.71

0.69

0.69

-0.27

0.55

0.57

0.50

0.46

0.49

0.32

0.49

0.24

-0.25

0.35

0.28

-0.25

0.35

0.30

0.43

0.16

0.36

0.41

0.45

0.26

0.44

0.38

0.19

0.30

0.45

0.43

0.46

0.37

0.39

0.19

-0.11

0.19

0.14

Income (Loss) from Continuing Operations, Per Diluted Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.43

-

-

-

0.07

-

-

-

0.45

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

-

-

-

0.11

-

-

-

0.00

-

-

-

-

-

-

Earnings Per Share, Diluted

0.59

0.53

0.51

1.33

0.47

0.47

0.70

0.69

0.68

-0.27

0.54

0.56

0.49

0.45

0.48

0.33

0.48

0.23

-0.25

0.33

0.28

-0.25

0.35

0.30

0.42

0.15

0.36

0.39

0.44

0.26

0.43

0.38

0.18

0.29

0.44

0.41

0.45

0.36

0.39

0.19

-0.11

0.19

0.13

Shares used in the calculation of earnings per share:
Weighted Average Number of Shares Outstanding, Basic

269,003

270,330

271,388

272,346

273,221

276,252

278,045

279,336

280,850

281,560

282,170

282,758

282,903

283,294

283,633

284,356

285,854

285,526

284,588

284,204

283,418

282,992

284,086

283,431

282,627

282,664

284,654

290,164

292,888

292,075

292,213

292,665

292,276

291,824

294,475

295,743

296,511

296,550

298,216

302,198

304,518

305,324

306,276

Weighted Average Number of Shares Outstanding, Diluted

271,579

273,269

274,436

276,036

276,610

280,008

282,454

288,818

285,881

281,560

286,437

287,334

287,882

288,106

288,574

293,024

289,783

290,521

284,588

294,534

288,840

282,992

289,430

289,032

288,575

288,565

290,260

296,761

300,082

298,759

298,782

299,421

300,221

299,290

301,076

304,045

304,515

303,260

301,688

313,294

304,518

310,090

312,162

Dividends paid per share

-

-

-

-

-

-

-

-

-

-

0.36

0.33

0.33

0.33

0.33

0.30

0.30

0.30

0.30

0.28

0.28

0.28

0.28

0.26

0.26

0.26

0.26

0.24

0.24

0.24

0.24

0.22

0.22

0.22

0.22

0.21

0.21

0.21

0.21

0.20

0.20

0.20

0.20

Cost of Sales [Member]
Share-based Payment Arrangement, Expense

3,099

2,973

2,958

-

2,613

2,388

2,278

-

2,575

2,486

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and Development Expense [Member]
Share-based Payment Arrangement, Expense

11,351

11,436

10,884

-

11,062

9,839

9,858

-

10,077

10,116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Expense

86

64

80

-

77

78

77

-

99

482

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted Stock Units (RSUs) [Member]
Share-based Payment Arrangement, Expense

20,119

20,940

21,718

-

19,534

19,350

18,098

-

17,946

18,498

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ESP Plan [Member]
Share-based Payment Arrangement, Expense

3,198

3,062

2,874

-

3,209

2,228

2,323

-

2,560

2,058

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-