Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Monolithic Power Systems Inc., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Revenue	1,794,148)	1,207,798)	844,452)	627,921)	582,382)
Cost of revenue	(745,596)	(522,339)	(378,498)	(281,596)	(259,714)
Gross profit	1,048,552)	685,459)	465,954)	346,325)	322,668)
Research and development	(240,171)	(190,627)	(137,598)	(107,757)	(93,455)
Selling, general and administrative	(273,595)	(226,190)	(161,670)	(133,542)	(113,803)
Litigation expense, net	(8,001)	(6,225)	(7,804)	(2,464)	(1,922)
Operating expenses	(521,767)	(423,042)	(307,072)	(243,763)	(209,180)
Operating income	526,785)	262,417)	158,882)	102,562)	113,488)
Interest income	14,369)	11,637)	9,327)	7,305)	6,321)
Amortization of premium on available-for-sale securities	(4,375)	(4,674)	(2,979)	(729)	(1,353)
Gain (loss) on deferred compensation plan investments	(6,600)	4,563)	4,592)	3,806)	(1,022)
Foreign currency exchange gain (loss)	454)	(727)	(1,364)	(310)	953)
Charitable contributions	(5,900)	(1,500)	(766)	—)	—)
Other	204)	503)	1,650)	486)	95)
Other income (expense), net	(1,848)	9,802)	10,460)	10,558)	4,994)
Income before income taxes	524,937)	272,219)	169,342)	113,120)	118,482)
Income tax expense	(87,265)	(30,196)	(4,967)	(4,281)	(13,214)
Net income	437,672)	242,023)	164,375)	108,839)	105,268)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Monolithic Power Systems Inc. revenue increased from 2020 to 2021 and from 2021 to 2022.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Monolithic Power Systems Inc. operating income increased from 2020 to 2021 and from 2021 to 2022.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Monolithic Power Systems Inc. income before income taxes increased from 2020 to 2021 and from 2021 to 2022.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Monolithic Power Systems Inc. net income increased from 2020 to 2021 and from 2021 to 2022.

Monolithic Power Systems Inc. (NASDAQ:MPWR)

Income Statement