Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Monolithic Power Systems Inc., consolidated cash flow statement (quarterly data)

US$ in thousands

3 months ended:	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income	133,791)	1,449,363)	144,430)	100,366)	92,541)	96,905)	121,163)	99,504)	109,802)	119,090)	124,337)	114,679)	79,566)	72,671)	68,770)	55,169)	45,413)	42,887)	55,566)	30,166)	35,756)
Depreciation and amortization	11,449)	10,043)	9,445)	8,691)	8,251)	10,228)	10,000)	9,953)	9,987)	8,765)	9,674)	9,560)	9,115)	8,323)	7,727)	7,120)	5,529)	5,401)	4,956)	4,501)	4,328)
Amortization of premium (discount) on available-for-sale securities	(768)	(3,461)	(6,644)	(5,917)	(4,123)	(3,686)	(1,647)	(204)	260)	693)	1,102)	1,232)	1,348)	1,443)	1,305)	1,113)	813)	995)	863)	627)	494)
(Gain) loss on deferred compensation plan investments	1,350)	(220)	(3,895)	(1,266)	(4,019)	(5,094)	1,611)	(2,488)	(2,534)	(2,007)	1,330)	5,085)	2,192)	(1,923)	399)	(1,862)	(1,177)	(3,172)	(1,598)	(3,572)	3,750)
Gain on sales of equity investment	—)	—)	—)	—)	—)	—)	—)	(1,424)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Deferred taxes, net	8,431)	(1,296,313)	(777)	(6,069)	248)	(5,062)	11,911)	(362)	(622)	(12,003)	166)	(1,002)	(381)	(3,776)	(1)	1)	1,004)	(5,027)	—)	(12)	3,412)
Stock-based compensation expense	52,806)	56,010)	51,398)	52,306)	45,926)	41,108)	33,602)	37,992)	37,009)	35,269)	42,997)	42,915)	39,811)	31,197)	31,572)	32,127)	28,583)	22,970)	22,975)	21,044)	18,562)
Other	20)	(22)	(27)	140)	(63)	—)	(23)	—)	—)	—)	82)	10)	5)	118)	(13)	—)	5)	(1,087)	12)	4)	(1)
Accounts receivable	(42,338)	(7,823)	(6,803)	36,529)	(14,578)	5,987)	(16,647)	15,102)	(1,558)	(29,295)	(27,898)	(5,204)	(15,506)	(24,943)	(2,314)	6,517)	(17,236)	26,703)	(38,398)	(793)	(1,635)
Inventories	(35,180)	5,320)	1,815)	(30,754)	(11,596)	13,594)	30,142)	3,784)	16,063)	(49,832)	(37,807)	(48,637)	(51,797)	(51,355)	(30,731)	(2,086)	(18,151)	(8,970)	4,047)	(20,586)	(3,994)
Other assets	78,005)	(3,237)	(2,809)	(13,887)	74,477)	(2,887)	(16,542)	(5,094)	213)	(5,234)	(172,101)	5,967)	(5,916)	(1,260)	(9,942)	(1,894)	(2,215)	3,373)	3,625)	60)	(10,061)
Accounts payable	21,296)	(21,041)	13,485)	(5,209)	35,934)	(2,118)	(5,738)	13,533)	(880)	(17,514)	136)	10,315)	(4,177)	2,894)	17,241)	(722)	13,513)	(9,401)	4,322)	8,304)	7,185)
Accrued compensation and related benefits	10,609)	(15,707)	16,097)	(6,345)	14,698)	(8,832)	(1,742)	(34,035)	13,422)	(16,540)	20,528)	(2,856)	27,382)	(13,494)	20,632)	(1,211)	10,609)	(3,256)	15,007)	14,147)	(7,374)
Income tax liabilities	21,471)	(119)	5,886)	4,448)	3,011)	12,489)	2,005)	(34,939)	20,137)	10,825)	7,485)	(17,768)	16,017)	7,683)	2,448)	(160)	1,800)	2,552)	(1,744)	(95)	34)
Other accrued liabilities	(4,555)	(5,112)	10,102)	7,942)	7,344)	681)	7,813)	(11,137)	17,508)	9,986)	11,784)	(9,059)	9,760)	628)	10,708)	2,834)	8,567)	5,680)	7,773)	5,535)	963)
Changes in operating assets and liabilities	49,308)	(47,719)	37,773)	(7,276)	109,290)	18,914)	(709)	(52,786)	64,905)	(97,604)	(197,873)	(67,242)	(24,237)	(79,847)	8,042)	3,278)	(3,113)	16,681)	(5,368)	6,572)	(14,882)
Adjustments to reconcile net income to net cash provided by operating activities	122,596)	(1,281,682)	87,273)	40,609)	155,510)	56,408)	54,745)	(9,319)	109,005)	(66,887)	(142,522)	(9,442)	27,853)	(44,465)	49,031)	41,777)	31,644)	36,761)	21,840)	29,164)	15,663)
Net cash provided by operating activities	256,387)	167,681)	231,703)	140,975)	248,051)	153,313)	175,908)	90,185)	218,807)	52,203)	(18,185)	105,237)	107,419)	28,206)	117,801)	96,946)	77,057)	79,648)	77,406)	59,330)	51,419)
Purchases of property and equipment	(40,342)	(64,802)	(33,818)	(31,507)	(15,991)	(13,806)	(27,091)	(7,827)	(8,854)	(12,841)	(7,281)	(11,844)	(26,877)	(17,571)	(18,581)	(39,298)	(18,970)	(11,481)	(19,594)	(14,584)	(9,951)
Cash paid for an assumed lease	—)	—)	—)	(18,175)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Purchases of investments	(357,633)	(141,255)	(351,836)	(223,759)	(365,856)	(89,965)	(281,231)	(82,086)	(129,321)	(47,458)	1)	(2,085)	(16,243)	(40,715)	(98,828)	(53,826)	(201,517)	(67,466)	(81,160)	(88,071)	(101,566)
Maturities and sales of investments	141,065)	728,274)	359,347)	270,748)	149,766)	140,127)	95,975)	79,508)	152,698)	23,619)	38,998)	33,726)	32,267)	19,163)	31,503)	24,592)	38,497)	174,787)	63,779)	71,329)	47,497)
Cash paid for acquisition, net of cash acquired	—)	—)	—)	1)	(33,284)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Contributions to deferred compensation plan	(575)	(3,042)	(455)	(659)	(650)	(2,387)	(611)	(1,646)	(2,209)	(13,499)	(718)	(1,515)	(760)	(625)	(231)	(810)	(876)	(1,580)	(341)	(337)	(438)
Purchases of intangible assets	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(793)	—)	—)	—)	—)	—)	—)
Net cash (used in) provided by investing activities	(257,485)	519,175)	(26,762)	(3,351)	(266,015)	33,969)	(212,958)	(12,051)	12,314)	(50,179)	31,000)	18,282)	(11,613)	(39,748)	(86,930)	(69,342)	(182,866)	94,260)	(37,316)	(31,663)	(64,458)
Property and equipment purchased on extended payment terms	(1,243)	(1,433)	(644)	(1,032)	(978)	(94)	(1,540)	(818)	(374)	(468)	(397)	(662)	(528)	(785)	(909)	(577)	(563)	(920)	(376)	(3,782)	(279)
Proceeds from common stock issued under the employee equity incentive plan	—)	—)	—)	—)	—)	—)	4)	4)	1,110)	1,013)	1,014)	1,013)	2,318)	2,175)	2,227)	2,176)	10,744)	2,310)	2,347)	2,352)	11,758)
Proceeds from common stock issued under the employee stock purchase plan	5,335)	—)	4,121)	—)	4,606)	—)	3,831)	—)	3,737)	—)	3,091)	—)	2,786)	—)	2,377)	—)	2,293)	—)	1,927)	—)	1,892)
Repurchases of common stock	—)	(622,084)	(5,534)	(4,550)	(4,076)	(3,741)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Dividends and dividend equivalents paid	(60,008)	(61,857)	(61,158)	(68,055)	(49,553)	(50,579)	(49,402)	(49,138)	(36,725)	(36,401)	(36,270)	(36,469)	(28,825)	(28,639)	(28,503)	(28,755)	(23,467)	(23,309)	(23,210)	(24,840)	(17,427)
Net cash used in financing activities	(55,916)	(685,374)	(63,215)	(73,637)	(50,001)	(54,414)	(47,107)	(49,952)	(32,252)	(35,856)	(32,562)	(36,118)	(24,249)	(27,249)	(24,808)	(27,156)	(10,993)	(21,919)	(19,312)	(26,270)	(4,056)
Effect of change in exchange rates	2,555)	(10,022)	8,155)	(1,785)	(4,818)	7,013)	(1,627)	(10,193)	1,497)	6,236)	(6,913)	(5,142)	(220)	1,969)	(184)	1,397)	218)	3,494)	2,209)	208)	(985)
Net increase (decrease) in cash, cash equivalents and restricted cash	(54,459)	(8,540)	149,881)	62,202)	(72,783)	139,881)	(85,784)	17,989)	200,366)	(27,596)	(26,660)	82,259)	71,337)	(36,822)	5,879)	1,845)	(116,584)	155,483)	22,987)	1,605)	(18,080)

Net Income Trends: Net income shows a general upward trajectory from early 2020 through mid-2022, reaching its peak in the third quarter of 2022. This is followed by fluctuations with a significant spike in the first quarter of 2025, indicating an unusual or exceptional event in that period.
Depreciation and Amortization: Depreciation and amortization steadily increase over the reporting periods, suggesting ongoing investment in fixed assets and capital expenditures that contribute to higher non-cash charges.
Amortization of Premium/Discount on Securities: The amortization of premiums and discounts on available-for-sale securities shows a peak around 2021 but then declines sharply into negative values from early 2023 onward, which may reflect changes in investment valuation or impairment considerations.
Volatility in Deferred Compensation Investments: Gains and losses on deferred compensation plan investments display significant volatility, with alternating positive and negative values throughout the periods. This pattern indicates market sensitivity or active management of such plans.
Deferred Taxes: Deferred taxes exhibit high variability, including substantial negative values in late 2022 and 2024, possibly due to reported tax adjustments, valuation allowances, or tax planning strategies affecting the timing of tax recognition.
Stock-based Compensation Expense: Stock-based compensation expenses generally increase over time, indicating a rising cost associated with employee equity incentives as part of the compensation structure.
Accounts Receivable and Inventories: Both accounts receivable and inventories show erratic movements, with several large negative and positive shifts. This inconsistency could reflect variations in sales volume, inventory management, or collection cycles affecting working capital components.
Other Assets and Liabilities: Other assets and accrued liabilities display significant fluctuations, including a notable negative spike in other assets in late 2022. The changes in accrued liabilities are varied but generally positive, suggesting accrual increases or settlement timing differences.
Operating Cash Flow: Net cash provided by operating activities generally grows, with a pronounced peak in early 2023 and continued strong cash flow performance through 2024. However, there are isolated quarters with decreased or negative values indicating nonrecurring adjustments or operational challenges.
Investing Activities: Cash flows from investing activities are largely negative, reflecting ongoing purchases of property, equipment, and investments. Investment purchases exhibit large spikes in several quarters, especially around early 2023 and 2024, aligning with asset growth strategies or expansion initiatives. Occasional positive cash flow arises from sales or maturities of investments, occasionally resulting in net positive investing cash flows.
Financing Activities: Financing cash flows are mostly negative, driven by dividend payments and occasional repurchases of common stock, including a very significant repurchase in late 2024. Proceeds from stock issuance under various employee plans provide intermittent inflows but are overshadowed by the outflows related to dividends and buybacks.
Effect of Exchange Rate Changes: Exchange rate impacts on cash fluctuate significantly, with positive and negative spikes, indicating exposure to foreign currency risk and the influence of global operations and currency translation effects on reported cash balances.
Cash Position Movements: The net change in cash and cash equivalents exhibits considerable volatility, including substantial increases in early 2021 and early 2023, contrasting with notable declines in certain quarters. This variability reflects the combined impact of operating, investing, and financing cash flows, along with exchange rate effects, on liquidity dynamics.

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Monolithic Power Systems Inc. (NASDAQ:MPWR)

Cash Flow Statement Quarterly Data

Cash Flow Statement
Quarterly Data