MAXLINEAR INC

For the period ended Dec 31, 2024. Filed Jan 29, 2025.

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.

FY2024 · Filed Jan 29, 2025

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

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
2024 · 2023 · 2022
Operating Activities
Net income (loss)	$(245,198)	$(73,147)	$125,040
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:
Amortization and depreciation	54,140	71,516	80,731
Impairment losses	1,237	2,438	2,811
Impairment of investments and other assets	14,000	—	—
Amortization of debt issuance costs and accretion of discounts	2,538	2,561	1,975
Stock-based compensation	66,021	55,176	81,704
Deferred income taxes	826	(4,452)	23,454
Loss on disposal of property and equipment	1,068	2,057	170
Gain on sale of investments	—	(434)	(3,375)
Unrealized holding loss on investments	—	1,765	1,476
Impairment of leased right-of-use assets	5,555	—	462
Gain on settlement of pension	—	(1,008)	—
Gain on extinguishment of lease liabilities	(555)	—	—
(Gain) loss on foreign currency and other	(1,253)	2,475	(1,829)
Excess tax (benefits) deficiencies on stock-based awards	3,250	(253)	(9,921)
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable, net	85,155	1,406	(50,875)
Inventory	9,565	60,636	(28,841)
Prepaid expenses and other assets	(1,873)	(9,328)	1,789
Accounts payable, accrued expenses and other current liabilities	(4,569)	(29,431)	65,815
Accrued compensation	919	9,708	42,003
Accrued price protection liability	(28,283)	(41,562)	73,574
Lease liabilities	(10,695)	(11,671)	(11,440)
Other long-term liabilities	2,857	4,920	(5,997)
Net cash provided by (used in) operating activities	(45,295)	43,372	388,726
Investing Activities
Purchases of property and equipment	(17,680)	(13,454)	(41,253)
Purchases of intangible assets	(5,766)	(6,355)	(11,184)
Cash used in acquisition, net of cash acquired	—	(13,324)	—
Proceeds loaned under notes receivable	—	—	(10,000)
Purchases of long-term investments	—	—	(29,325)
Sale of trading securities	—	17,198	—
Net cash used in investing activities	(23,446)	(15,935)	(91,762)
Financing Activities
Payment of debt issuance cost	—	(18,325)	—
Repayment of debt	—	—	(185,000)
Net proceeds from issuance of common stock	4,091	4,559	5,006
Minimum tax withholding paid on behalf of employees for restricted stock units	(2,805)	(12,590)	(28,896)
Repurchase of common stock	—	—	(31,511)
Net cash provided by (used in) financing activities	1,286	(26,356)	(240,401)
Effect of exchange rate changes on cash and cash equivalents	(1,298)	(1,082)	56
Increase (decrease) in cash, cash equivalents and restricted cash	(68,753)	(1)	56,619
Cash, cash equivalents and restricted cash at beginning of period	188,356	188,357	131,738
Cash, cash equivalents and restricted cash at end of period	$119,603	$188,356	$188,357
Supplemental disclosures of cash flow information:
Cash paid for interest	$9,743	$9,481	$9,078
Cash paid for income taxes	$8,194	$28,645	$23,829
Cash received for dividend income on investments	$—	$716	$—
Supplemental disclosures of non-cash activities:
Issuance of shares for payment of bonuses	$10,992	$38,648	$38,826

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