The forward-looking statements in this press release represent MPS' projections and current expectations, as of the date hereof, not predictions of actual performance. MPS assumes no obligation to update the information in this press release or in the accompanying conference call.
About Monolithic Power Systems, Inc.
Monolithic Power Systems (MPS) is the leading company in high performance power solutions. Founded in 1997, MPS pioneered integrated power semiconductor solutions and power delivery architectures. MPS' mission is to provide innovative power solutions in Cloud Computing, Telecom, Industrial and Automotive, and Consumer market segments. MPS has over 1,000 employees worldwide, located in the United States, China, Taiwan, Korea, Japan and across Europe.
Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries.
|
Condensed Consolidated Balance Sheets
| |||
|
|
|
|
|
|
|
March 31, |
|
December 31, |
|
|
2015 |
|
2014 |
|
ASSETS |
|
|
|
|
Current assets: |
|
|
|
|
Cash and cash equivalents |
$ 95,966 |
|
$ 126,266 |
|
Short-term investments |
137,791 |
|
112,452 |
|
Accounts receivable, net |
25,343 |
|
25,630 |
|
Inventories |
53,396 |
|
40,918 |
|
Prepaid expenses and other current assets |
2,727 |
|
2,880 |
|
Total current assets |
315,223 |
|
308,146 |
|
Property and equipment, net |
64,256 |
|
62,942 |
|
Long-term investments |
5,394 |
|
5,389 |
|
Goodwill |
6,571 |
|
6,571 |
|
Acquisition-related intangible assets, net |
6,445 |
|
6,812 |
|
Deferred tax assets, net |
1,052 |
|
1,049 |
|
Other long-term assets |
10,689 |
|
8,457 |
|
Total assets |
$ 409,630 |
|
$ 399,366 |
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
Current liabilities: |
|
|
|
|
Accounts payable |
$ 19,900 |
|
$ 13,138 |
|
Accrued compensation and related benefits |
7,366 |
|
9,020 |
|
Accrued liabilities |
18,626 |
|
14,703 |
|
Total current liabilities |
45,892 |
|
36,861 |
|
Deferred tax and other tax liabilities |
6,016 |
|
5,876 |
|
Other long-term liabilities |
12,270 |
|
10,204 |
|
Total liabilities |
64,178 |
|
52,941 |
|
Stockholders' equity: |
|
|
|
|
Common stock, $0.001 par value; shares authorized:
|
241,737 |
|
240,500 |
|
Retained earnings |
97,619 |
|
100,114 |
|
Accumulated other comprehensive income |
6,096 |
|
5,811 |
|
Total stockholders' equity |
345,452 |
|
346,425 |
|
Total liabilities and stockholders' equity |
$ 409,630 |
|
$ 399,366 |
