Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Paying user area

Try for free

Monolithic Power Systems Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get full access to the entire website from $10.42/mo, or
get 1-month access to Monolithic Power Systems Inc. for $22.49.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Monolithic Power Systems Inc., consolidated balance sheet: assets

US$ in thousands

		Dec 31, 2024		Dec 31, 2023		Dec 31, 2022		Dec 31, 2021		Dec 31, 2020
	Cash and cash equivalents
	Short-term investments
	Accounts receivable, net
	Inventories
	Other receivables
	Prepaid expense
	RSU tax withholding proceeds receivable
	Restricted cash
	Other
	Other current assets
	Current assets
	Property and equipment, net
	Acquisition-related intangible assets, net
	Goodwill
	Deferred tax assets, net
	Deferred compensation plan assets
	Prepaid wafer purchases
	Operating lease ROU and related assets
	Other
	Other long-term assets
	Long-term assets
	Total assets

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

The analysis of the annual financial data reveals distinct trends across various asset categories over the reported periods.

Cash and Cash Equivalents: A notable fluctuation is observed, with a decline from $334,944k in 2020 to $189,265k in 2021, followed by a substantial recovery to $691,816k by 2024. This indicates improved liquidity management or enhanced cash generation in recent years.
Short-term Investments: The value increased sharply from $260,169k in 2020 to $535,817k in 2021, then declined to $171,130k by 2024. This pattern may reflect strategic asset reallocation, possibly influenced by market conditions or investment priorities.
Accounts Receivable, Net: There is consistent growth from $66,843k in 2020 to $182,714k in 2022, followed by a slight decrease through 2024. The rising trend until 2022 suggests expanding sales on credit, whereas the subsequent decline might indicate improved collection or sales normalization.
Inventories: Inventories increased significantly from $157,062k in 2020 to $447,290k in 2022, then moderated to $419,611k in 2024. This substantial accumulation by 2022 suggests stockpiling or increased production, followed by controlled inventory levels.
Other Receivables: Reported only in 2023 and 2024 at $50,000k and $60,000k respectively, indicating a new or expanding category of receivables in recent years.
Prepaid Expense: Prepaid expenses show steady growth from $5,032k in 2020 to $36,083k in 2024, which may reflect increased advance payments or contractual commitments.
RSU Tax Withholding Proceeds Receivable: This item rises initially from $12,504k in 2020 to $20,141k in 2023, then sharply drops to $10k in 2024, indicating possible changes in equity compensation or tax-related transactions.
Restricted Cash: Data is sparse but shows $33,204k reported in 2023, potentially linked to specific contractual requirements or legal restrictions.
Other Current Assets: Values increased markedly to $147,463k in 2023, then decreased to $109,978k in 2024. The volatility suggests changes in miscellaneous current asset components.
Current Assets: Overall current assets grew steadily from $841,998k in 2020 to a peak of $1,819,499k in 2023, followed by a decline to $1,565,053k in 2024, reflecting dynamic management of liquid and short-term resources.
Property and Equipment, Net: General upward trend with an acceleration in 2024 reaching $494,945k, indicating significant capital investment or asset acquisitions.
Acquisition-Related Intangible Assets, Net: Reported only in 2024 at $9,938k, suggesting a recent acquisition or recognition of intangible assets.
Goodwill: Remained stable at $6,571k from 2020 to 2023, then increased considerably to $25,944k in 2024, consistent with acquisition activity observed in intangible assets.
Deferred Tax Assets, Net: Showed steady increase to $35,252k in 2022, a slight decline in 2023, then a significant surge to $1,326,840k in 2024, representing a major change in tax position or recognition of deferred tax benefits.
Deferred Compensation Plan Assets: Consistent growth from $46,146k in 2020 to $92,586k in 2024, reflecting increased liabilities or employee benefit accruals.
Prepaid Wafer Purchases: First reported in 2022 at $170,000k, declined to $60,000k by 2024, indicating changing commitments in supply chain or procurement.
Operating Lease ROU and Related Assets: Values generally increased from $3,719k in 2020 to $34,198k in 2024, depicting expansion in leasing arrangements or recognition according to lease accounting standards.
Other Long-term Assets: Displayed a rising trend with a peak at $249,286k in 2022, then moderate decline through 2024, indicating movement in non-current miscellaneous asset categories.
Long-term Assets: Growth from $366,493k in 2020 to $2,052,044k in 2024 shows substantial increases, principally driven by deferred tax assets and property, equipment, and goodwill.
Total Assets: Total assets increased steadily over five years, from $1,208,491k in 2020 to $3,617,097k in 2024, reflecting overall growth, CAPEX, acquisitions, and enhanced asset base.

In summary, the data reveals ongoing expansion with significant investment in assets and strategic acquisitions in later years. The liquidity profile improved substantially by 2024 despite some volatility in short-term investments. The pronounced increase in deferred tax assets and goodwill in 2024 highlights recent tax strategy adjustments and acquisition activity, respectively. Inventory levels and accounts receivable trends suggest scaling operations with managed working capital. Overall, the financial position demonstrates robust growth and evolving asset composition, indicating active capital deployment and potential operational scaling.

Assets: Selected Items

Download chart

Current Assets: Selected Items