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MONOLITHIC POWER SYSTEMS INC (MPWR)

Income Statement Business | Product | Geographic | Customer

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues  1,794.11,207.8844.5627.9582.4470.9388.7333.1
            Revenue growth  48.5%43.0%34.5%7.8%23.7%21.2%16.7%17.9%
Cost of goods sold  745.6522.3378.5281.6259.7212.6177.8152.9
Gross profit  1,048.6685.5466.0346.3322.7258.3210.9180.2
            Gross margin  58.4%56.8%55.2%55.2%55.4%54.8%54.3%54.1%
Selling, general and administrative  273.6226.2161.7133.5113.897.383.072.3
Research and development  240.2190.6137.6107.893.582.473.665.8
Other operating expenses      1.91.2-0.21.0
EBITDA   [+]571.9297.3185.9119.9125.893.569.154.9
            EBITDA margin  31.9%24.6%22.0%19.1%21.6%19.9%17.8%16.5%
Depreciation  37.128.719.214.912.316.112.613.8
EBITA  534.8268.6166.7105.0113.577.456.541.1
            EBITA margin  29.8%22.2%19.7%16.7%19.5%16.4%14.5%12.3%
Amortization of intangibles        2.1 
EBIT   [+]534.8268.6166.7105.0113.577.454.441.1
            EBIT margin  29.8%22.2%19.7%16.7%19.5%16.4%14.0%12.3%
Non-recurring items   [+]8.06.27.82.5    
Other income (expense), net  -1.89.810.510.65.05.52.81.4
Pre-tax income  524.9272.2169.3113.1118.582.957.342.5
Income taxes  87.330.25.04.313.217.74.57.3
            Tax rate  16.6%11.1%2.9%3.8%11.2%21.4%7.9%17.2%
Net income  437.7242.0164.4108.8105.365.252.735.2
            Net margin  24.4%20.0%19.5%17.3%18.1%13.8%13.6%10.6%
   
Basic EPS   [+]$9.37$5.28$3.67$2.52$2.49$1.58$1.30$0.89
Diluted EPS   [+]$9.05$5.05$3.50$2.38$2.36$1.50$1.26$0.86
   
Dividends per share   [+]$3.00$2.40$2.00$1.60$1.20$0.80$0.80$0.80
   
Shares outstanding (basic)   [+]46.745.944.843.242.241.440.439.5
Shares outstanding (diluted)   [+]48.447.947.045.844.643.641.940.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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