Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Income Statement
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Analysis of Revenues
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Monolithic Power Systems Inc., consolidated statement of comprehensive income
US$ in thousands
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 financial data reveals notable trends in profitability and comprehensive income over the analyzed periods. Net income demonstrates a strong upward trajectory from 2020 through 2024, with a particularly sharp increase observed in 2024, reaching a peak of 1,786,700 thousand US dollars. This marks a significant rise compared to previous years, suggesting enhanced operational performance or other income-generating activities.
Foreign currency translation adjustments exhibit a fluctuating and ultimately negative pattern. After positive adjustments in 2020 and 2021, the company experienced negative impacts from currency translation starting in 2022, with the largest loss observed in 2022 (-32,293 thousand US dollars). This negative trend continues through 2023 and 2024, indicating currency exchange rate effects have increasingly detracted from overall financial results in recent years.
Changes in unrealized gains and losses on available-for-sale securities are more variable, showing negative values in 2021 and 2022, a positive recovery in 2023, and a smaller positive value in 2024. This volatility may suggest fluctuations in the market value of investment securities held during these periods, impacting other comprehensive income.
Other comprehensive income, net of tax, correlates with the trends in foreign currency translation adjustments and unrealized securities gains/losses. It shows a positive contribution in the initial years but turns negative starting in 2022 and remains so in the subsequent years, reflecting the combined effects of adverse foreign currency movements and unrealized investment losses.
The comprehensive income, representing the total change in equity from non-owner sources, closely follows the net income pattern with significant growth over time. Despite some negative other comprehensive income items, the overall comprehensive income remains strongly positive and peaks substantially in 2024, at 1,765,251 thousand US dollars, signifying solid underlying financial performance when all income components are considered.
- Net Income Trend
- Consistently increasing, with a pronounced surge in 2024.
- Foreign Currency Translation Adjustments
- Positive in early years, shifting to increasingly negative impacts from 2022 onward.
- Unrealized Gains/Losses on Securities
- Fluctuating, with losses during 2021-2022 and partial recovery by 2024.
- Other Comprehensive Income
- Transitioned from positive to negative starting in 2022, driven by currency and securities effects.
- Comprehensive Income
- Substantial growth overall, reaching a peak in 2024 despite headwinds in other comprehensive components.