Mellanox Technologies, Ltd. (MLNX) Financial Statements (2024 and earlier)

Company Profile

Business Address 350 OAKMEAD PARKWAY, SUITE 100
SUNNYVALE, CA 94085
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:438,866274,364328,677511,091385,876326,698
Cash and cash equivalents56,76662,47356,780263,19951,32663,164
Short-term investments381,724211,281271,661247,314334,038263,528
Other undisclosed cash, cash equivalents, and short-term investments3766102365785126
Restricted cash and investments     3,604 
Receivables150,625154,213141,76884,27364,92270,566
Inventory, net of allowances, customer advances and progress billings104,38164,65765,52362,47344,47035,963
Inventory104,38164,65765,52362,47344,47035,963
Prepaid expense     8,0405,929
Derivative instruments and hedges, assets      1,396
Other current assets     1,7191,020
Other undisclosed current assets16,56613,68517,11019,4017,8769,230
Total current assets:710,438506,919553,078677,238516,507450,802
Noncurrent Assets
Operating lease, right-of-use asset✕✕✕✕✕✕
Property, plant and equipment105,334109,919118,585100,01878,82770,815
Long-term investments and receivables 40,30058,55525,42015,43921,43615,048
Long-term investments 40,30058,55525,42015,43921,43615,048
Intangible assets, net (including goodwill)653,244700,632749,259232,897242,810253,920
Goodwill473,916472,437471,228200,743200,743199,558
Intangible assets, net (excluding goodwill)179,328228,195278,03132,15442,06754,362
Restricted cash and investments 7,8848,025   3,514
Deferred income tax assets✕✕✕✕✕✕
Other noncurrent assets2,2954,3191,5802,7544,4752,396
Other undisclosed noncurrent assets67,70313,56525,58325,036(837)10,285
Total noncurrent assets:876,760895,015920,427376,144346,711355,978
TOTAL ASSETS:1,587,1981,401,9341,473,5051,053,382863,218806,780
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities192,214173,148164,575118,896133,039111,902
Employee-related liabilities     31,25429,350
Accounts payable70,33659,09059,53344,60039,81129,964
Accrued liabilities121,878114,058105,04274,29661,97452,588
Deferred revenue✕✕✕✕✕✕
Debt   23,6284911,1021,245
Derivative instruments and hedges, liabilities     3,562 
Deferred revenue and credits✕✕23,48524,36417,74314,75815,849
Contract with customer, liability✕20,558✕✕✕✕✕
Other undisclosed current liabilities     (34,816)(29,350)
Total current liabilities:212,772196,633212,567137,130117,64599,646
Noncurrent Liabilities
Long-term debt and lease obligation  72,761218,786 4941,600
Long-term debt, excluding current maturities  72,761218,786   
Capital lease obligations✕    4941,600
Liabilities, other than long-term debt51,41852,07046,75937,10752,41239,162
Deferred revenue and credits✕✕17,82015,96812,4398,9429,045
Accounts payable and accrued liabilities 285183211 20,935 
Accrued income taxes✕✕✕✕✕✕13,026
Deferred revenue✕✕✕✕✕✕
Contract with customer, liability✕18,665✕✕✕✕✕
Other liabilities32,46834,06730,58024,66822,53517,091
Other undisclosed noncurrent liabilities 21,36023,02219,66312,464(9,085)392
Total noncurrent liabilities:72,778147,853285,20849,57143,82141,154
Total liabilities:285,550344,486497,775186,701161,466140,800
Equity
Equity, attributable to parent1,301,6481,057,448975,730866,681701,752665,980
Common stock233221209200192185
Additional paid in capital982,677873,979774,605684,824615,148550,795
Accumulated other comprehensive income (loss)(1,051)1,618(928)(1,669)(4,020)1,390
Retained earnings319,789181,630201,844183,32690,432113,610
Total equity:1,301,6481,057,448975,730866,681701,752665,980
TOTAL LIABILITIES AND EQUITY:1,587,1981,401,9341,473,5051,053,382863,218806,780

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,088,743863,893857,498658,140463,649390,859
Revenue, net✕✕863,893857,498658,140463,649390,859
Cost of revenue(388,573)(300,450)(301,986)(189,209)(148,672)(135,239)
Gross profit:700,170563,443555,512468,931314,977255,620
Operating expenses(588,096)(580,524)(524,922)(393,825)(322,168)(275,957)
Operating income (loss):112,074(17,081)30,59075,106(7,191)(20,337)
Nonoperating income (expense)137(4,822)(6,262)(524)1,4491,228
Investment income, nonoperating    (425) 
Loss, foreign currency transaction, before tax    (186)(245)(309)
Other nonoperating income (expense)2,3223,1151,090(147)(258)(201)
Interest and debt expense(2,185)(7,937)(7,352)   
Other undisclosed income from continuing operations before equity method investments, income taxes2,1857,9377,352   
Income (loss) from continuing operations before income taxes:112,211(21,903)24,32874,582(5,742)(19,109)
Income tax expense (benefit)22,0472,478(5,810)18,312(18,267)(3,752)
Income (loss) from continuing operations:134,258(19,425)18,51892,894(24,009)(22,861)
Income (loss) before gain (loss) on sale of properties:134,258(19,425)18,51892,894(24,009)(22,861)
Net income (loss) available to common stockholders, diluted:134,258(19,425)18,51892,894(24,009)(22,861)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):134,258(19,425)18,51892,894(24,009)(22,861)
Other comprehensive income  2,546    
Comprehensive income (loss):134,258(16,879)18,51892,894(24,009)(22,861)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,669) 7412,351(5,410)(1,404)
Comprehensive income (loss), net of tax, attributable to parent:131,589(16,879)19,25995,245(29,419)(24,265)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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