MaxLinear, Inc (MXL) Financial Statements (2024 and earlier)

Company Profile

Business Address 5966 LA PLACE CT.
CARLSBAD, CA 92008
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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments245,067226,531205,882200,083235,227170,162
Cash and cash equivalents224,579207,850187,353181,496211,363151,111
Short-term investments20,48818,68118,52918,58723,86419,051
Restricted cash and investments1,042964982971162105
Receivables155,834188,733170,971178,072137,065125,693
Inventory, net of allowances, customer advances and progress billings126,152149,585160,544165,970146,431139,041
Inventory126,152149,585160,544165,970146,431139,041
Other undisclosed current assets26,39627,77324,74517,87919,73919,575
Total current assets:554,491593,586563,124562,975538,624454,576
Noncurrent Assets
Operating lease, right-of-use asset35,11226,35728,51530,04133,15432,919
Property, plant and equipment73,84577,69179,01867,08164,13660,022
Intangible assets, net (including goodwill)409,659415,262416,055428,881434,667446,866
Goodwill318,456318,910306,739306,739306,739306,713
Intangible assets, net (excluding goodwill)91,20396,352109,316122,142127,928140,153
Restricted cash and investments222222268941,037
Deferred income tax assets56,75757,51566,49165,76781,76282,326
Other noncurrent assets31,59428,04526,80027,92727,45621,381
Total noncurrent assets:606,989604,892616,901619,723642,069644,551
TOTAL ASSETS:1,161,4801,198,4781,180,0251,182,6981,180,6931,099,127
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities136,594167,521168,731243,162205,528166,446
Taxes payable8,435
Employee-related liabilities49,46838,88130,679
Accounts payable45,90154,57868,57690,84573,14060,214
Accrued liabilities90,693112,943100,15594,41493,50775,553
Other undisclosed current liabilities105,135132,641172,355108,156110,55368,349
Total current liabilities:241,729300,162341,086351,318316,081234,795
Noncurrent Liabilities
Long-term debt and lease obligation122,064121,910121,757196,647274,288316,506
Long-term debt, excluding current maturities122,064121,910121,757171,607246,450286,298
Liabilities, other than long-term debt51,64042,29440,79718,85220,72719,980
Other liabilities20,92821,05517,44418,85220,72719,980
Operating lease, liability30,71221,23923,35325,04027,83830,208
Total noncurrent liabilities:173,704164,204162,554215,499295,015336,486
Total liabilities:415,433464,366503,640566,817611,096571,281
Equity
Equity, attributable to parent746,047734,112676,385615,881569,597527,846
Common stock888888
Additional paid in capital788,528771,164722,778697,649677,395663,622
Accumulated other comprehensive income (loss)(2,291)(1,213)(1,021)(5,316)(2,938)1,050
Accumulated deficit(40,198)(35,847)(45,380)(76,460)(104,868)(136,834)
Total equity:746,047734,112676,385615,881569,597527,846
TOTAL LIABILITIES AND EQUITY:1,161,4801,198,4781,180,0251,182,6981,180,6931,099,127

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues183,938248,442290,586285,730280,009263,927
Cost of revenue(81,065)(108,135)(127,246)(118,242)(115,658)(109,337)
Gross profit:102,873140,307163,340167,488164,351154,590
Operating expenses(108,810)(113,030)(122,179)(115,540)(125,344)(106,463)
Operating income (loss):(5,937)27,27741,16151,94839,00748,127
Nonoperating income (expense)1,177(2,178)(448)(7,354)4,845(3,088)
Investment income, nonoperating1,90363370628231
Other nonoperating income (expense)1,865(324)1,774(4,705)7,179(770)
Interest and debt expense(2,591)(2,487)(2,292)(2,711)(2,416)(2,349)
Income (loss) from continuing operations before equity method investments, income taxes:(7,351)22,61238,42141,88341,43642,690
Other undisclosed income from continuing operations before income taxes2,5912,4872,2922,7112,4162,349
Income (loss) from continuing operations before income taxes:(4,760)25,09940,71344,59443,85245,039
Income tax expense (benefit)409(15,566)(9,633)(16,186)(11,886)(11,453)
Income (loss) from continuing operations:(4,351)9,53331,08028,40831,96633,586
Income before gain (loss) on sale of properties:28,40831,96633,586
Net income (loss) available to common stockholders, diluted:(4,351)9,53331,08028,40831,96633,586

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(4,351)9,53331,08028,40831,96633,586
Other comprehensive income (loss)947127118761(2)
Comprehensive income (loss):(4,257)9,60431,35128,59532,02733,584
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,172)(263)4,024(2,565)(4,049)(1,073)
Comprehensive income (loss), net of tax, attributable to parent:(5,429)9,34135,37526,03027,97832,511

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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