Name: Monolithic Power Systems Inc. (NASDAQ:MPWR) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Monolithic Power Systems Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Accounts payable	102,526)	62,958)	61,461)	83,027)	38,169)
Accrued compensation and related benefits	63,918)	56,286)	88,260)	62,635)	45,840)
Dividends and dividend equivalents	60,622)	57,697)	42,170)	32,364)	26,435)
Stock rotation and sales returns	20,799)	18,843)	14,931)	5,748)	6,005)
Other	46,702)	39,251)	56,578)	43,170)	30,520)
Other accrued liabilities	128,123)	115,791)	113,679)	81,282)	62,960)
Current liabilities	294,567)	235,035)	263,400)	226,944)	146,969)
Income tax liabilities	65,193)	60,724)	53,509)	47,669)	37,062)
Deferred compensation plan liabilities	93,653)	80,903)	64,863)	55,489)	48,280)
Dividend equivalents	4,943)	2,187)	6,847)	8,470)	7,871)
Long-term operating lease liabilities	12,974)	5,565)	1,664)	3,268)	1,693)
Other	—)	—)	—)	—)	29)
Other long-term liabilities	111,570)	88,655)	73,374)	67,227)	57,873)
Long-term liabilities	176,763)	149,379)	126,883)	114,896)	94,935)
Total liabilities	471,330)	384,414)	390,283)	341,840)	241,904)
Common stock and additional paid-in capital, $0.001 par value	706,817)	1,129,937)	975,276)	803,226)	657,701)
Retained earnings	2,487,461)	947,064)	716,403)	424,879)	298,746)
Accumulated other comprehensive income (loss)	(48,511)	(27,062)	(23,077)	15,880)	10,140)
Stockholders’ equity	3,145,767)	2,049,939)	1,668,602)	1,243,985)	966,587)
Total liabilities and stockholders’ equity	3,617,097)	2,434,353)	2,058,885)	1,585,825)	1,208,491)

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 balance sheet exhibits significant expansion between 2020 and 2024, with total liabilities and stockholders' equity increasing from 1.2 billion to 3.6 billion. This growth is characterized by a substantial accumulation of equity relative to a more moderate increase in total liabilities, indicating a strengthening of the company's overall financial position and a low reliance on debt to fund expansion.

Liability Trends: Total liabilities grew from 241.9 million in 2020 to 471.3 million in 2024. Current liabilities demonstrated a general upward trajectory, rising from 146.9 million to 294.5 million over the period. A notable acceleration in accounts payable is observed between 2023 and 2024, increasing from 62.9 million to 102.5 million. Long-term liabilities also rose steadily from 94.9 million to 176.7 million, driven primarily by increases in deferred compensation plan liabilities and other long-term liabilities, which nearly doubled over the five-year window.
Equity and Capital Structure: Stockholders' equity grew exponentially from 966.5 million in 2020 to 3.1 billion in 2024. The primary driver of this increase is retained earnings, which climbed from 298.7 million to 2.48 billion, suggesting strong historical profitability and a policy of reinvesting earnings back into the business. Conversely, common stock and additional paid-in capital peaked in 2023 at 1.12 billion before decreasing to 706.8 million in 2024, which may indicate share repurchases or other capital restructuring activities.
Other Comprehensive Income and Accruals: Accumulated other comprehensive income shifted from a positive 10.1 million in 2020 to a negative 48.5 million by 2024, reflecting a growing cumulative loss in non-income statement items. Regarding operational accruals, other accrued liabilities showed a consistent upward trend, rising from 62.9 million in 2020 to 128.1 million in 2024, while dividends and dividend equivalents rose from 26.4 million to 60.6 million over the same period.

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