Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2018
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Monolithic Power Systems, Inc. | | |
Condensed Consolidated Balance Sheets | | | (Unaudited, in thousands, except par value) | | | | | | |
March 31, | |
December 31, | | | |
2018 | |
2017 | | |
ASSETS | | | | | | Current assets: | | | | | | Cash and cash equivalents | $ | 76,016 | | $ | 82,759 | | | Short-term investments | | 231,243 | | | 216,331 | | | Accounts receivable, net | | 48,241 | | | 38,037 | | | Inventories | | 111,897 | | | 99,281 | | | Other current assets | | 16,707 | | | 12,762 | | | Total current assets | | 484,104 | | | 449,170 | | | Property and equipment, net | | 153,770 | | | 144,636 | | | Long-term investments | | 5,250 | | | 5,256 | | | Goodwill | | 6,571 | | | 6,571 | | | Acquisition-related intangible assets, net | | 701 | | | 951 | | | Deferred tax assets, net | | 15,840 | | | 15,917 | | | Other long-term assets | | 31,531 | | | 30,068 | | | Total assets | $ | 697,767 | | $ | 652,569 | | | | | | | | |
LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | | Current liabilities: | | | | | | Accounts payable | $ | 27,511 | | $ | 22,813 | | | Accrued compensation and related benefits | | 13,060 | | | 15,597 | | | Accrued liabilities | | 32,730 | | | 27,507 | | | Total current liabilities | | 73,301 | | | 65,917 | | | Income tax liabilities | | 31,900 | | | 31,621 | | | Other long-term liabilities | | 34,260 | | | 33,024 | | | Total liabilities | | 139,461 | | | 130,562 | | | Commitments and contingencies | | | | | | Stockholders' equity: | | | | | | Common stock and additional paid-in capital, $0.001 par value; shares authorized: | | | | | | 150,000; shares issued and outstanding: 42,145 and 41,614 | | | | | | as of March 31, 2018 and December 31, 2017, respectively | | 401,007 | | | 376,586 | | | Retained earnings | | 152,257 | | | 143,608 | | | Accumulated other comprehensive income | | 5,042 | | | 1,813 | | | Total stockholders’ equity | | 558,306 | | | 522,007 | | | Total liabilities and stockholders’ equity | $ | 697,767 | | $ | 652,569 | | | | | | | |
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