MAXLINEAR INC

For the period ended Dec 31, 2023. Filed Jan 31, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Jan 31, 2024

MXL$53.83-3.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
2023 · 2022 · 2021
Operating Activities
Net income (loss)	$(73,147)	$125,040	$41,969
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Amortization and depreciation	71,516	80,731	91,792
Impairment losses	2,438	2,811	—
Amortization of debt issuance costs and accretion of discounts	2,561	1,975	3,000
Stock-based compensation	55,176	81,704	59,358
Deferred income taxes	(4,452)	23,454	(3,235)
Loss on disposal of property and equipment	2,057	170	533
Gain on sale of investments	(434)	(3,375)	—
Unrealized holding loss on investments	1,765	1,476	—
Impairment of leasehold improvements	—	—	226
Impairment of leased right-of-use assets	—	462	429
(Gain) loss on settlement of pension	(1,008)	—	—
Loss on extinguishment of debt	—	—	5,221
(Gain) loss on foreign currency	2,475	(1,829)	634
Excess tax benefits on stock-based awards	(253)	(9,921)	(7,415)
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable, net	1,406	(50,875)	(51,690)
Inventory	60,636	(28,841)	(33,689)
Prepaid expenses and other assets	(9,328)	1,789	24,186
Leased right-of-use assets	—	—	72
Accounts payable, accrued expenses and other current liabilities	(29,431)	65,815	12,771
Accrued compensation	9,708	42,003	33,595
Accrued price protection liability	(41,562)	73,574	(7,320)
Lease liabilities	(11,671)	(11,440)	(9,905)
Other long-term liabilities	4,920	(5,997)	7,701
Net cash provided by operating activities	43,372	388,726	168,233
Investing Activities
Purchases of property and equipment	(13,454)	(41,253)	(39,176)
Purchases of intangible assets	(6,355)	(11,184)	(7,581)
Cash used in acquisitions, net of cash acquired	(13,324)	—	(40,000)
Proceeds loaned under notes receivable	—	(10,000)	—
Purchases of long-term investments	—	(29,325)	(5,000)
Sale of trading securities	17,198	—	—
Net cash used in investing activities	(15,935)	(91,762)	(91,757)
Financing Activities
Proceeds from the issuance of debt	—	—	350,000
Payment of debt issuance cost	(18,325)	—	(4,173)
Repayment of debt	—	(185,000)	(409,813)
Net proceeds from issuance of common stock	4,559	5,006	8,780
Minimum tax withholding paid on behalf of employees for restricted stock units	(12,590)	(28,896)	(13,149)
Repurchase of common stock	—	(31,511)	(23,548)
Net cash used in financing activities	(26,356)	(240,401)	(91,903)
Effect of exchange rate changes on cash and cash equivalents	(1,082)	56	(2,869)
Increase (decrease) in cash, cash equivalents and restricted cash	(1)	56,619	(18,296)
Cash, cash equivalents and restricted cash at beginning of period	188,357	131,738	150,034
Cash, cash equivalents and restricted cash at end of period	$188,356	$188,357	$131,738
Supplemental disclosures of cash flow information:
Cash paid for interest	$9,481	$9,078	$11,034
Cash paid for income taxes	$28,645	$23,829	$3,839
Cash received for dividend income on investments	$716	$—	$—
Supplemental disclosures of non-cash activities:
Issuance of shares for payment of bonuses	$38,648	$38,826	$23,981

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.