MONOLITHIC POWER SYSTEMS INC
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
MPWR$1,357.60-2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $337,337 | $330,469 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 26,387 | 29,940 |
| Amortization of discount on available-for-sale securities | (16,684) | (1,591) |
| Gain on deferred compensation plan investments | (9,180) | (3,411) |
| Deferred taxes, net | (6,598) | 10,927 |
| Stock-based compensation expense | 149,630 | 108,603 |
| Other | 50 | (1,447) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 15,148 | (3,103) |
| Inventories | (40,535) | 49,989 |
| Other assets | 57,781 | (21,423) |
| Accounts payable | 44,210 | 6,915 |
| Accrued compensation and related benefits | 24,450 | (22,355) |
| Income tax liabilities | 13,345 | (12,797) |
| Other accrued liabilities | 25,388 | 14,184 |
| Net cash provided by operating activities | 620,729 | 484,900 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (81,316) | (43,772) |
| Cash paid for an assumed lease | (18,175) | - |
| Purchases of investments | (941,451) | (492,638) |
| Maturities and sales of investments | 779,861 | 328,181 |
| Cash paid for acquisition, net of cash acquired | (33,283) | - |
| Contributions to deferred compensation plan, net | (1,764) | (4,466) |
| Net cash used in investing activities | (296,128) | (212,695) |
| Cash flows from financing activities: | ||
| Property and equipment purchased on extended payment terms | (2,654) | (2,732) |
| Proceeds from common stock issued under the employee equity incentive plan | - | 1,118 |
| Proceeds from common stock issued under the employee stock purchase plan | 8,727 | 7,568 |
| Repurchases of common stock | (14,160) | - |
| Dividends and dividend equivalents paid | (178,766) | (135,265) |
| Net cash used in financing activities | (186,853) | (129,311) |
| Effect of change in exchange rates | 1,552 | (10,323) |
| Net increase in cash, cash equivalents and restricted cash | 139,300 | 132,571 |
| Cash, cash equivalents and restricted cash, beginning of period | 561,181 | 288,729 |
| Cash, cash equivalents and restricted cash, end of period | $700,481 | $421,300 |
| Supplemental disclosures for cash flow information: | ||
| Cash paid for income taxes, net | $58,614 | $73,678 |
| Non-cash investing and financing activities: | ||
| Liability accrued for property and equipment purchases | $9,577 | $2,893 |
| Liability accrued for dividends and dividend equivalents | $63,922 | $52,509 |
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