Monolithic Power Systems (MPWR) FY2015 results: revenue $333 million, up 17.9% on the year
Monolithic Power Systems, Inc. (MPWR) reported revenue of $333 million for fiscal 2015, the year ended 31 December 2015, up 17.9% on the year before. Net income was $35 million, down 0.9%, and diluted earnings per share $0.86. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$333 million
+17.9% on the year
FY2009FY2015
Operating margin
12.3%
12.5% a year earlier
FY2009FY2015
Net income
$35 million
-0.9% on the year
FY2009FY2015
Diluted EPS
$0.86
-3.4% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
333
283
238
+17.9%
Cost of revenue
153
130
110
+17.7%
Gross profit
180
153
128
+18.1%
Gross margin
54.1%
54.0%
53.7%
Research and development
65.8
58.6
49.7
+12.3%
Selling, general and administrative
72.3
66.8
54.6
+8.3%
Operating income
41.1
35.3
23.9
+16.3%
Operating margin
12.3%
12.5%
10.0%
Pre-tax income
42.5
36.4
24.0
+16.8%
Income tax
7.3
0.9
1.1
+715.9%
Effective tax rate
17.2%
2.5%
4.6%
Net income
35.2
35.5
22.9
-0.9%
Net margin
10.6%
12.6%
9.6%
Diluted EPS
$0.86
$0.89
$0.59
-3.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
69.7
74.1
60.7
-5.9%
Capital expenditure
16.0
9.5
15.8
+68.5%
Free cash flow
53.7
64.6
44.9
-16.9%
Free cash flow margin
16.1%
22.9%
18.9%
Cash from investing
-57.2
n/a
n/a
Cash from financing
-46.7
n/a
n/a
Depreciation and amortisation
13.8
13.1
12.2
+5.0%
Share-based compensation
41.6
33.5
20.7
+24.2%
Buybacks
32.3
41.2
20.6
-21.6%
Dividend per share
$0.80
$0.45
n/a
+77.8%
Diluted shares, weighted
41m
40m
39m
+2.7%
Shares outstanding at period end
40m
39m
38m
+2.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
369
346
323
+6.4%
Debt
0.0
0.0
0.0
Other liabilities
62.8
52.9
45.5
+18.6%
Total liabilities and equity
431
399
369
+8.0%
Fixed assets
65.4
62.9
64.8
+3.8%
Goodwill
6.6
6.6
n/a
0.0%
Intangible assets
5.1
6.8
n/a
-25.8%
Investments
149
118
135
+26.8%
Cash and equivalents
90.9
126
101
-28.0%
Receivables
30.8
25.6
23.7
+20.3%
Inventory
63.2
40.9
39.7
+54.5%
Other assets
19.9
12.4
4.4
+61.0%
Total assets
431
399
369
+8.0%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.