Monolithic Power Systems (MPWR) FY2016 results: revenue $389 million, up 16.7% on the year
Monolithic Power Systems, Inc. (MPWR) reported revenue of $389 million for fiscal 2016, the year ended 31 December 2016, up 16.7% on the year before. Net income was $53 million, up 49.9%, and diluted earnings per share $1.26. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$389 million
+16.7% on the year
FY2009FY2016
Operating margin
14.0%
12.3% a year earlier
FY2009FY2016
Net income
$53 million
+49.9% on the year
FY2009FY2016
Diluted EPS
$1.26
+46.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
389
333
283
+16.7%
Cost of revenue
178
153
130
+16.3%
Gross profit
211
180
153
+17.0%
Gross margin
54.3%
54.1%
54.0%
Research and development
73.6
65.8
58.6
+11.9%
Selling, general and administrative
83.0
72.3
66.8
+14.8%
Operating income
54.4
41.1
35.3
+32.6%
Operating margin
14.0%
12.3%
12.5%
Pre-tax income
57.3
42.5
36.4
+34.8%
Income tax
4.5
7.3
0.9
-37.9%
Effective tax rate
7.9%
17.2%
2.5%
Net income
52.7
35.2
35.5
+49.9%
Net margin
13.6%
10.6%
12.6%
Diluted EPS
$1.26
$0.86
$0.89
+46.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
108
69.7
74.1
+54.6%
Capital expenditure
37.1
16.0
9.5
+131.6%
Free cash flow
70.7
53.7
64.6
+31.6%
Free cash flow margin
18.2%
16.1%
22.9%
Cash from investing
-55.7
-57.2
n/a
Cash from financing
-28.1
-46.7
n/a
Depreciation and amortisation
14.7
13.8
13.1
+6.5%
Share-based compensation
45.0
41.6
33.5
+8.2%
Buybacks
n/a
32.3
41.2
Dividend per share
$0.80
$0.80
$0.45
0.0%
Diluted shares, weighted
42m
41m
40m
+2.6%
Shares outstanding at period end
41m
40m
39m
+2.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
431
369
346
+17.0%
Debt
0.0
0.0
0.0
Other liabilities
80.0
62.8
52.9
+27.5%
Total liabilities and equity
511
431
399
+18.5%
Fixed assets
85.2
65.4
62.9
+30.3%
Goodwill
6.6
6.6
6.6
0.0%
Intangible assets
3.0
5.1
6.8
-40.6%
Investments
161
149
118
+7.6%
Cash and equivalents
113
90.9
126
+24.0%
Receivables
34.2
30.8
25.6
+11.1%
Inventory
71.5
63.2
40.9
+13.1%
Other assets
37.1
19.9
12.4
+86.0%
Total assets
511
431
399
+18.5%
10-K for the year ended 31 December 2016, filed 1 March 2019: the filing.