For the year ending 2025-12-31, MPWR had $407,580K increase in cash & cash equivalents over the period. $666,189K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 621,483 | 1,786,700 | 427,374 | 437,672 |
| Depreciation and amortization | 52,513 | 36,430 | 40,168 | 37,114 |
| Amortization of discount on available-for-sale securities | 4,103 | 20,145 | 5,277 | -4,375 |
| Gain on deferred compensation plan investments | 10,033 | 9,400 | 8,505 | -6,600 |
| Deferred taxes, net | 39,694 | -1,302,911 | 5,865 | -13,220 |
| Gain on sale of equity investment | - | 0 | 1,424 | - |
| Stock-based compensation expense | 227,491 | 205,640 | 149,711 | 160,992 |
| Other | 737 | -28 | 23 | -97 |
| Accounts receivable | 83,066 | -7,325 | -2,884 | 77,903 |
| Inventories | 145,077 | 35,215 | -63,583 | 188,073 |
| Other assets | -60,119 | -54,544 | 24,310 | 177,284 |
| Accounts payable | 41,239 | 23,169 | 4,797 | -11,240 |
| Accrued compensation and related benefits | 19,827 | 8,743 | -31,187 | 28,514 |
| Income tax liabilities | 1,994 | 13,226 | -308 | 16,559 |
| Other accrued liabilities | 16,858 | 20,276 | 14,865 | 22,471 |
| Net cash provided by operating activities | 838,202 | 788,410 | 638,213 | 246,674 |
| Purchases of property and equipment | 172,013 | 146,118 | 57,578 | 58,843 |
| Purchases of intangible assets | 2,928 | 18,175 | - | - |
| Purchases of investments | 397,429 | 1,082,706 | 582,603 | 63,700 |
| Maturities and sales of investments | 419,578 | 1,508,135 | 468,308 | 127,860 |
| Purchases of long-term investments | - | - | - | 2,085 |
| Sales of long-term investments | - | - | - | 750 |
| Cash paid for acquisition, net of cash acquired | 0 | 33,283 | - | - |
| Contributions to deferred compensation plan | 4,477 | 4,806 | 6,853 | 16,492 |
| Purchases of intangible assets | - | - | 0 | 0 |
| Net cash provided by (used in) investing activities | -157,269 | 223,047 | -178,726 | -12,510 |
| Property and equipment purchased on extended payment terms | 2,600 | 4,087 | 2,826 | 2,055 |
| Proceeds from common stock issued under the employee equity incentive plan | - | 0 | 1,118 | 5,358 |
| Proceeds from common stock issued | 9,220 | 8,727 | 7,568 | 5,877 |
| Repurchases of common stock | 7,686 | 636,244 | 3,741 | - |
| Dividends and dividend equivalents paid | 284,797 | 240,623 | 185,844 | 137,965 |
| Net cash used in financing activities | -285,863 | -872,227 | -183,725 | -128,785 |
| Effect of change in exchange rates | 12,510 | -8,470 | -3,310 | -6,039 |
| Net increase in cash, cash equivalents and restricted cash | 407,580 | 130,760 | 272,452 | 99,340 |
| Cash, cash equivalents and restricted cash, beginning of period | 691,941 | 561,181 | 288,729 | 189,389 |
| Cash, cash equivalents and restricted cash, end of period | 1,099,521 | 691,941 | 561,181 | 288,729 |
MONOLITHIC POWER SYSTEMS INC (MPWR)
MONOLITHIC POWER SYSTEMS INC (MPWR)