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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments205,882130,572148,90192,70873,14271,872
Cash and cash equivalents187,353130,572148,90192,70873,14271,872
Short-term investments18,529     
Restricted cash and investments9821051153496451,476
Receivables170,971119,72467,44250,41159,49166,099
Inventory, net of allowances, customer advances and progress billings160,544131,70397,83931,51041,73853,434
Inventory160,544131,70397,83931,51041,73853,434
Prepaid expense  12,194    
Deferred costs      1,135
Other current assets  9,8066,985   
Other undisclosed current assets24,745 40,4366,7925,5957,288
Total current assets:563,124404,104361,718181,770180,611201,304
Noncurrent Assets
Operating lease, right-of-use asset28,51527,26921,88610,978
Property, plant and equipment79,01860,92439,47016,61318,40422,658
Intangible assets, net (including goodwill)416,055459,208510,094426,301483,230553,037
Goodwill306,739306,668302,828238,330238,330237,992
Intangible assets, net (excluding goodwill)109,316152,540207,266187,971244,900315,045
Restricted cash and investments221,0611,018604041,064
Deferred income tax assets66,49189,16886,065 
Other noncurrent assets26,8008,6502,1912,7854,6646,921
Deferred tax assets, net51,51839,878
Other undisclosed noncurrent assets    67,284  
Total noncurrent assets:616,901646,280660,724524,021558,220623,558
TOTAL ASSETS:1,180,0251,050,3841,022,442705,791738,831824,862
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities168,731166,886185,89554,00554,11350,453
Employee-related liabilities56,64247,3029,39215,00513,208
Accounts payable68,57652,97632,75113,44215,58816,939
Accrued liabilities100,15557,268105,84231,17123,52020,306
Deferred compensation liability     8,9007,100
Derivative instruments and hedges, liabilities    37  
Other undisclosed current liabilities172,35540,50947,76612,5207,55418,833
Total current liabilities:341,086207,395233,66166,56270,56776,386
Noncurrent Liabilities
Long-term debt and lease obligation121,757330,793384,454216,244255,757347,609
Long-term debt, excluding current maturities121,757306,153363,592206,909255,757347,609
Liabilities, other than long-term debt40,79722,99813,2108,06512,57113,443
Deferred revenue and credits4,885
Deferred rent credit     4,097
Other liabilities17,44422,99813,2108,0658,4748,558
Operating lease, liability23,35324,64020,8629,335
Total noncurrent liabilities:162,554353,791397,664224,309268,328361,052
Total liabilities:503,640561,186631,325290,871338,895437,438
Equity
Equity, attributable to parent676,385489,198391,117414,920399,936387,424
Common stock887777
Additional paid in capital722,778657,485602,064529,596493,287455,497
Accumulated other comprehensive income (loss)(1,021)2,1251,435(887)2721,039
Accumulated deficit(45,380)(170,420)(212,389)(113,796)(93,630)(69,119)
Total equity:676,385489,198391,117414,920399,936387,424
TOTAL LIABILITIES AND EQUITY:1,180,0251,050,3841,022,442705,791738,831824,862

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,120,252892,398478,596317,180384,997420,318
Revenue, net420,318
Cost of revenue(470,483)(396,566)(265,798)(149,495)(176,223)(212,355)
Gross profit:649,769495,832212,798167,685208,774207,963
Operating expenses(469,526)(430,587)(313,937)(189,742)(227,871)(229,634)
Operating income (loss):180,24365,245(101,139)(22,057)(19,097)(21,671)
Nonoperating expense(6,045)(17,375)(13,713)(10,427)(13,755)(12,327)
Investment income, nonoperating2457840977578274
Other nonoperating income (expense)3,478764(1,170)(69)422(2,223)
Interest and debt expense(9,768)(5,221)(12,952)(11,133)(14,255)(10,378)
Other undisclosed income from continuing operations before equity method investments, income taxes   12,95211,13314,25510,378
Income (loss) from continuing operations before equity method investments, income taxes:164,43042,649(114,852)(32,484)(32,852)(33,998)
Other undisclosed income from continuing operations before income taxes9,7685,221    
Income (loss) from continuing operations before income taxes:174,19847,870(114,852)(32,484)(32,852)(33,998)
Income tax expense (benefit)(49,158)(5,901)16,25912,5866,65324,811
Income (loss) from continuing operations:125,04041,969(98,593)(19,898)(26,199)(9,187)
Income (loss) before gain (loss) on sale of properties:41,969(98,593)(19,898)(26,199)(9,187)
Net income (loss) available to common stockholders, diluted:125,04041,969(98,593)(19,898)(26,199)(9,187)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):125,04041,969(98,593)(19,898)(26,199)(9,187)
Other comprehensive income (loss)455(93)2,407(1,159)(870)2,599
Comprehensive income (loss):125,49541,876(96,186)(21,057)(27,069)(6,588)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,601)783(85)   
Comprehensive income (loss), net of tax, attributable to parent:121,89442,659(96,271)(21,057)(27,069)(6,588)

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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