Maxlinear inc. (MXL)
Balance Sheet / 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'11Dec'10
Assets
Current assets:
Cash and cash equivalents

98,373

92,708

66,115

66,629

71,102

73,142

67,185

74,059

55,645

71,872

71,576

87,568

89,121

81,086

56,076

147,582

76,840

67,956

58,149

56,731

22,769

20,696

34,055

31,248

28,500

26,450

26,500

24,718

17,174

21,810

26,634

12,512

23,796

28,026

43,521

21,934

21,563

Short-term restricted cash

10

349

345

344

347

645

349

345

617

1,476

615

615

615

614

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments, available-for-sale

-

-

-

-

-

-

-

-

-

-

0

0

63,637

47,918

42,146

28,899

73,210

43,300

26,797

16,638

42,173

48,399

47,740

43,875

44,769

35,494

35,975

37,084

41,727

50,265

50,792

68,784

52,299

47,156

44,353

69,174

72,923

Accounts receivable, net

44,796

50,411

56,339

56,618

59,639

59,491

58,633

83,648

90,632

66,099

75,618

82,695

57,836

50,487

49,672

44,340

41,040

42,399

41,766

41,561

20,666

18,523

20,455

20,688

21,378

20,058

18,874

17,855

18,019

14,558

16,279

14,948

11,069

10,421

8,385

8,322

3,047

Inventory

31,088

31,510

37,642

42,875

42,753

41,738

41,757

44,338

45,758

53,434

63,692

77,559

31,685

26,583

32,119

25,604

29,421

32,443

36,265

38,822

12,849

10,858

9,576

9,763

11,042

10,032

9,675

9,355

8,662

9,891

8,946

8,537

6,766

8,082

9,228

6,675

7,425

Prepaid expenses and other current assets

6,342

6,792

4,679

6,184

5,479

10,357

6,329

7,305

8,413

8,423

7,917

9,732

5,535

6,159

6,831

4,982

6,185

3,904

4,500

5,297

3,574

2,438

2,074

1,960

1,675

1,682

1,622

1,814

1,370

1,494

1,394

1,633

1,163

1,394

1,486

4,277

4,232

Total current assets

180,609

181,770

165,120

172,650

179,320

185,373

174,253

209,695

201,065

201,304

219,418

258,169

248,429

212,847

186,844

251,407

226,696

190,002

167,477

159,049

102,031

100,914

113,900

107,534

107,364

93,716

92,646

90,826

86,952

98,018

104,045

106,414

95,093

95,079

106,973

110,382

109,190

Long-term restricted cash

57

60

64

65

418

404

709

711

1,071

1,064

1,905

1,908

1,502

1,196

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

15,751

16,613

15,204

15,738

16,987

18,404

19,413

20,886

21,993

22,658

23,336

24,469

19,162

20,549

21,950

21,134

21,538

21,858

20,543

23,123

11,264

12,441

10,125

9,858

7,913

5,511

5,890

6,149

6,550

6,866

6,274

5,431

5,052

5,494

4,866

5,230

4,535

Leased right-of-use assets

9,864

10,978

18,719

20,624

21,543

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term investments, available-for-sale

-

-

-

-

-

-

-

-

-

-

0

0

0

5,991

12,020

0

16,782

19,242

19,847

8,706

16,332

10,256

12,122

16,385

15,428

24,410

20,544

19,453

18,356

5,181

2,619

2,999

7,323

10,554

-

-

-

Intangible assets, net

173,570

187,971

202,217

216,342

230,634

244,900

261,813

281,017

298,031

315,045

332,409

353,524

99,679

104,261

109,885

60,675

49,293

51,355

-

-

-

10,386

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

79,655

93,377

10,191

3,086

511

590

670

749

829

958

123

275

461

648

834

1,021

1,216

755

980

Goodwill

238,330

238,330

238,330

238,330

238,330

238,330

238,330

238,330

237,810

237,992

239,673

238,838

75,673

76,015

75,794

56,714

49,779

49,779

49,373

48,888

1,201

1,201

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

73,492

67,284

64,046

62,667

58,067

51,518

42,691

42,995

41,426

39,878

53,985

53,878

-

116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

1,752

2,785

3,065

2,744

3,583

4,664

4,935

4,732

7,318

6,921

6,288

6,841

1,652

1,677

1,883

1,982

2,169

2,269

5,715

6,158

490

513

542

596

581

543

273

267

264

257

258

226

231

228

-

-

-

Deferred income taxes and other long-term assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

108

5,759

4,213

Total assets

693,425

705,791

706,765

729,160

748,882

743,593

742,144

798,366

808,714

824,862

877,014

937,627

446,097

422,652

408,376

391,912

366,257

334,505

342,610

339,301

141,509

135,711

137,200

134,963

131,956

124,929

120,182

117,653

112,245

110,597

113,657

115,718

108,533

112,376

113,163

122,126

118,918

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable

13,597

13,442

13,533

16,995

13,306

15,588

11,906

11,894

12,363

16,939

14,082

21,359

15,319

6,757

7,061

8,114

7,818

6,389

15,030

20,784

7,526

7,509

6,518

8,782

9,899

7,507

5,872

8,304

3,798

7,372

7,931

6,766

3,475

4,936

5,777

6,605

2,877

Deferred revenue and deferred profit

-

-

-

-

-

-

0

0

0

4,362

17,224

13,317

5,684

5,991

5,294

5,798

6,523

4,066

4,138

4,135

3,633

3,612

4,885

2,629

3,180

2,651

3,047

2,596

2,937

2,289

2,341

2,225

2,514

4,029

2,497

3,828

5,322

Accrued price protection liability

8,000

12,600

13,600

11,300

18,943

16,500

14,418

20,080

20,212

21,571

28,229

24,623

21,947

15,176

17,112

18,270

18,443

20,026

19,704

15,779

12,665

10,018

16,485

15,512

14,380

15,017

12,497

10,677

9,788

7,880

-

-

-

2,856

-

-

-

Accrued expenses and other current liabilities

30,661

31,171

27,105

30,300

32,707

28,282

27,480

38,165

25,713

20,306

27,023

38,605

14,984

16,358

16,682

13,125

17,269

15,368

19,151

24,681

7,601

5,548

5,485

5,915

4,495

4,285

6,089

4,857

4,924

5,023

12,831

12,250

9,621

4,547

6,616

4,656

1,558

Accrued compensation

10,146

9,392

8,860

8,329

8,527

15,005

12,660

10,021

8,773

13,208

11,823

10,304

6,621

10,261

8,342

10,313

13,221

9,983

9,462

8,857

8,433

6,559

6,318

4,888

9,737

7,698

7,112

4,369

9,281

7,004

5,986

4,259

3,661

2,094

2,768

2,156

2,145

Debt, Current

-

-

-

-

-

-

-

-

-

-

-

1,989

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,746

Current portion of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

5

9

32

54

75

98

Total current liabilities

62,428

66,562

63,119

66,918

73,483

75,329

66,464

80,160

67,061

76,386

98,381

110,197

64,555

54,543

54,491

55,620

63,274

55,832

67,485

74,236

39,858

33,246

39,691

37,726

41,691

37,158

34,617

30,803

30,728

29,568

29,093

25,505

19,280

18,494

17,712

17,320

13,746

Long-term lease liabilities

8,029

9,335

14,995

16,515

18,132

4,097

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

4,539

4,538

4,718

4,885

5,065

5,082

9,075

9,656

9,470

10,040

10,195

11,427

-

-

-

2,177

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

207,197

206,909

206,622

226,335

241,044

255,757

270,470

305,183

322,896

347,609

367,322

415,032

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

7,614

8,065

8,678

8,016

8,019

8,474

8,277

8,564

7,591

8,558

9,598

9,409

6,454

6,029

5,712

5,064

4,773

4,322

10,597

10,723

3,522

1,186

1,475

1,373

1,149

1,097

917

903

828

796

683

676

492

855

978

1,347

257

Total liabilities

285,268

290,871

293,414

317,784

340,678

343,657

349,750

398,445

402,266

437,438

480,366

539,720

80,084

70,228

-

-

-

71,581

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligations, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

2

4

5

18

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ equity:
Preferred stock, $0.0001 par value; 25,000 shares authorized, no shares issued or outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.0001 par value; 550,000 shares authorized; 72,345 shares issued and outstanding at March 31, 2020 and 71,931 shares issued and outstanding December 31, 2019

7

7

7

7

7

7

7

7

7

7

7

7

7

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

Additional paid-in capital

539,035

529,596

520,204

512,753

506,649

493,287

485,149

478,453

469,556

455,497

446,485

439,040

418,682

413,909

407,928

400,093

390,704

384,961

377,800

368,507

181,614

177,912

172,433

169,028

161,666

158,360

153,694

150,164

141,973

139,210

135,430

132,314

128,973

126,695

123,471

121,025

116,512

Accumulated other comprehensive loss

-1,620

-887

-1,168

-406

297

272

1,179

1,624

2,628

1,039

-173

-636

-1,207

-1,560

-952

-953

-588

-822

-601

88

22

-25

24

54

56

58

52

-1

28

35

42

28

33

14

-10

33

45

Accumulated deficit

-129,265

-113,796

-105,692

-100,978

-98,749

-93,630

-93,941

-80,163

-65,743

-69,119

-49,671

-40,504

-51,469

-59,932

-68,280

-77,959

-102,108

-121,221

-112,677

-114,259

-83,511

-78,789

-76,427

-73,222

-72,610

-71,748

-69,101

-64,219

-61,315

-59,015

-51,594

-42,808

-40,249

-33,687

-28,995

-17,607

-11,663

Total stockholders’ equity

408,157

414,920

413,351

411,376

408,204

399,936

392,394

399,921

406,448

387,424

396,648

397,907

366,013

352,424

338,703

321,188

288,015

262,924

264,528

254,342

98,129

99,102

96,034

95,864

89,116

86,674

84,648

85,947

80,689

80,233

83,881

89,537

88,760

93,025

94,469

103,454

104,897

Total liabilities and stockholders’ equity

693,425

705,791

706,765

729,160

748,882

743,593

742,144

798,366

808,714

824,862

877,014

937,627

446,097

422,652

408,376

391,912

366,257

334,505

342,610

339,301

141,509

135,711

137,200

134,963

131,956

124,929

120,182

117,653

112,245

110,597

113,657

115,718

108,533

112,376

113,163

122,126

118,918