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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including: 740,708608,996552,157438,866350,759283,337
Cash and cash equivalents 52,63853,78275,35256,76664,24863,422
Short-term investments 689,823556,806477,211381,724285,955219,225
Other undisclosed cash, cash equivalents, and short-term investments (1,753)(1,592)(406)376556690
Receivables 202,561200,351171,718150,625142,772155,664
Inventory, net of allowances, customer advances and progress billings 84,92789,65095,656104,381105,04994,484
Inventory 84,92789,65095,656104,381105,04994,484
Other undisclosed current assets 21,45322,48723,72616,56614,11911,317
Total current assets: 1,049,649921,484843,257710,438612,699544,802
Noncurrent Assets
Operating lease, right-of-use asset 59,96462,376 
Property, plant and equipment 112,860108,142107,509105,334105,007106,746
Long-term investments and receivables 35,56735,49630,80740,30036,75535,255
Long-term investments 35,56735,49630,80740,30036,75535,255
Intangible assets, net (including goodwill) 630,480632,962640,602653,244668,456682,366
Goodwill 473,916473,916473,916473,916473,916473,916
Intangible assets, net (excluding goodwill) 156,564159,046166,686179,328194,540208,450
Restricted cash and investments   7,9407,8847,9427,931
Deferred income tax assets 50,66050,660 
Other noncurrent assets 5,1785,5606,1982,2952,6022,910
Other undisclosed noncurrent assets 5,5875,428121,46067,70370,31669,759
Total noncurrent assets: 900,296900,624914,516876,760891,078904,967
TOTAL ASSETS: 1,949,9451,822,1081,757,7731,587,1981,503,7771,449,769
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 243,868216,036209,250192,214173,348195,929
Accounts payable 84,14773,79063,34970,33672,92271,137
Accrued liabilities 159,721142,246145,901121,878100,426124,792
Deferred revenue 23,32522,998 
Contract with customer, liability22,84020,55820,32620,719
Other undisclosed current liabilities   17,730   
Total current liabilities: 267,193239,034249,820212,772193,674216,648
Noncurrent Liabilities
Liabilities, other than long-term debt 130,484120,31753,55651,41853,78050,081
Accounts payable and accrued liabilities   318285183173
Deferred revenue 22,25720,224 
Contract with customer, liability19,56518,66517,82917,791
Other liabilities 108,227100,09333,67332,46835,76832,117
Other undisclosed noncurrent liabilities   59,48721,36022,42021,291
Total noncurrent liabilities: 130,484120,317113,04372,77876,20071,372
Total liabilities: 397,677359,351362,863285,550269,874288,020
Equity
Equity, attributable to parent 1,552,2681,462,7571,394,9101,301,6481,233,9031,161,749
Common stock 240237236233232229
Additional paid in capital 1,096,7441,051,9851,023,943982,677956,281923,202
Accumulated other comprehensive income (loss) 2,9642,3942,322(1,051)(167)(2,182)
Retained earnings 452,320408,141368,409319,789277,557240,500
Total equity: 1,552,2681,462,7571,394,9101,301,6481,233,9031,161,749
TOTAL LIABILITIES AND EQUITY: 1,949,9451,822,1081,757,7731,587,1981,503,7771,449,769

Income Statement (P&L) ($ in thousands)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues335,251310,324305,217290,070279,211268,462
Cost of revenue (117,717)(110,034)(108,086)(100,345)(95,562)(103,668)
Gross profit: 217,534200,290197,131189,725183,649164,794
Operating expenses (168,672)(158,105)(152,476)(145,723)(144,116)(148,234)
Operating income: 48,86242,18544,65544,00239,53316,560
Nonoperating income (expense) 1,7162,2688,231(38)1,046(338)
Other nonoperating income 1,7162,2688,245391,112533
Interest and debt expense (29)(77)(14)(77)(66)(871)
Other undisclosed income from continuing operations before equity method investments, income taxes 2977147766871
Income from continuing operations before income taxes: 50,57844,45352,88643,96440,57916,222
Income tax expense (benefit) (6,399)(6,024)(4,266)(1,132)(3,522)304
Income from continuing operations: 44,17938,42948,62042,83237,05716,526
Income before gain (loss) on sale of properties: 44,17938,42948,62042,83237,05716,526
Net income available to common stockholders, basic: 44,17938,42948,62042,83237,05716,526
Dilutive securities, effect on basic earnings per share     1,3801,851
Other undisclosed net loss available to common stockholders, diluted    (1,823)  
Net income available to common stockholders, diluted: 44,17938,42948,62041,00938,43718,377

Comprehensive Income ($ in thousands)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income: 44,17938,42948,62042,83237,05716,526
Comprehensive income: 44,17938,42948,62042,83237,05716,526
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 5701,3753,373(884)2,015(2,169)
Comprehensive income, net of tax, attributable to parent: 44,74939,80451,99341,94839,07214,357

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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