Monolithic Power Systems (MPWR) FY2021 results: revenue $1.2 billion, up 43.0% on the year
Monolithic Power Systems, Inc. (MPWR) reported revenue of $1.2 billion for fiscal 2021, the year ended 31 December 2021, up 43.0% on the year before. Net income was $242 million, up 47.2%, and diluted earnings per share $5.05. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$1.2 billion
+43.0% on the year
FY2014FY2021
Operating margin
21.7%
18.8% a year earlier
FY2014FY2021
Net income
$242 million
+47.2% on the year
FY2014FY2021
Diluted EPS
$5.05
+44.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
320
268
216
+19.5%
Capital expenditure
94.4
55.6
95.8
+69.7%
Free cash flow
226
212
120
+6.3%
Free cash flow margin
18.7%
25.1%
19.2%
Cash from investing
-379
-39.2
-167
Cash from financing
-90.2
-71.6
-48.0
Depreciation and amortisation
28.7
19.2
14.9
+49.6%
Share-based compensation
123
85.6
78.7
+44.3%
Buybacks
0.0
n/a
n/a
Dividends paid
109
88.8
67.3
+23.2%
Dividend per share
$2.40
$2.00
$1.60
+20.0%
Diluted shares, weighted
48m
47m
46m
+1.9%
Shares outstanding at period end
46m
45m
44m
+2.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,244
967
773
+28.7%
Debt
0.0
n/a
n/a
Other liabilities
342
242
183
+41.3%
Total liabilities and equity
1,586
1,208
956
+31.2%
Fixed assets
363
282
228
+28.9%
Goodwill
6.6
6.6
6.6
0.0%
Investments
538
263
286
+104.6%
Cash and equivalents
189
335
173
-43.5%
Receivables
105
66.8
52.7
+56.8%
Inventory
259
157
128
+65.2%
Other assets
125
98.5
82.8
+26.5%
Total assets
1,586
1,208
956
+31.2%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.