Monolithic Power Systems Announces Results for the Fourth

Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2016

The forward-looking statements in this press release and statements made during the accompanying teleconference 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
Monolithic Power Systems, Inc. (MPS) provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS' mission is to reduce total energy consumption in its customers' systems with green, practical, compact solutions. The company was founded by Michael Hsing in 1997 and is headquartered in San Jose, CA. MPS can be contacted through its website at or its support offices around the world.

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 (Unaudited, in thousands, except par value)

	December 31,
		2016			2015
ASSETS
Current assets:
Cash and cash equivalents	$	112,703		$	90,860
Short-term investments		155,521			144,103
Accounts receivable, net		34,248			30,830
Inventories		71,469			63,209
Other current assets		9,043			2,926
Total current assets		382,984			331,928
Property and equipment, net		85,171			65,359
Long-term investments		5,354			5,361
Goodwill		6,571			6,571
Acquisition-related intangible assets, net		3,002			5,053
Deferred tax assets, net		633			672
Other long-term assets		27,411			16,341
Total assets	$	511,126		$	431,285

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	17,427		$	13,487
Accrued compensation and related benefits		12,578			9,812
Accrued liabilities		22,916			19,984
Total current liabilities		52,921			43,283
Income tax liabilities		3,870			2,941
Other long-term liabilities		23,219			16,545
Total liabilities		80,010			62,769
Commitments and contingencies
Stockholders' equity:
Common stock and additional paid-in capital, $0.001 par value; shares authorized:
150,000; shares issued and outstanding: 40,793 and 39,689
as of December 31, 2016 and December 31, 2015, respectively		315,969			265,763
Retained earnings		119,362			101,287
Accumulated other comprehensive income (loss)		(4,215	)		1,466
Total stockholders’ equity		431,116			368,516
Total liabilities and stockholders’ equity	$	511,126		$	431,285

« Previous Page 1 | 2 | 3 | 4 | 5 Next Page »