Power Integrations, Inc. (POWI) financial statements (2023 and earlier)

Company profile

Business Address 5245 HELLYER AVE
SAN JOSE, CA 95138
State of Incorp. CA
Fiscal Year End December 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments530449179134283250174
Cash and cash equivalents158259179134946290
Short-term investments372190  18918884
Receivables413726121888
Inventory, net of allowances, customer advances and progress billings991039081575352
Inventory991039081575352
Prepaid expense  95231
Other current assets  44443
Other undisclosed current assets161223397123
Total current assets:687601541332365319240
Noncurrent Assets
Property, plant and equipment1801661171141129599
Intangible assets, net (including goodwill)101104109113117123130
Goodwill92929292929292
Intangible assets, net (excluding goodwill)9131721253238
Deferred income tax assets163 
Other noncurrent assets312834222566
Other undisclosed noncurrent assets  3721212
Total noncurrent assets:328302263256257237247
TOTAL ASSETS:1,014903804589621555488
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities72635048514437
Accounts payable44352732333022
Accrued liabilities121294422
Employee-related liabilities1515131212119
Taxes payable1111214
Other undisclosed current liabilities     1615
Total current liabilities:72635048516052
Noncurrent Liabilities
Liabilities, other than long-term debt303029131834
Accounts payable and accrued liabilities15161591833
Deferred tax liabilities, net0011
Deferred income tax liabilities 0 
Other liabilities1515144   
Other undisclosed noncurrent liabilities  0 443
Total noncurrent liabilities:303029132277
Total liabilities:102937962736759
Stockholders' equity
Stockholders' equity attributable to parent912810725527548488429
Common stock0000000
Additional paid in capital162191152126198173145
Accumulated other comprehensive loss(4)(2)(3)(2)(2)(3)(2)
Retained earnings753622576403351318285
Total stockholders' equity:912810725527548488429
TOTAL LIABILITIES AND EQUITY:1,014903804589621555488

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues703488421416432387344
Revenue, net432387344
Cost of revenue(343)(245)(207)(201)(218)(196)(171)
Gross profit:361244213215214191173
Operating expenses(186)(173)4(159)(156)(143)(134)
Operating income:1757021756584839
Nonoperating income1554310
Investment income, nonoperating      1
Foreign currency transaction loss, before tax(1)(1)(0)(0)(0)(0) 
Other nonoperating expense      (1)
Income from continuing operations before income taxes:1767522260604939
Income tax expense (benefit)(12)(4)(29)10(33)(1)(0)
Net income available to common stockholders, diluted:1647119370284839

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1647119370284839
Other comprehensive income (loss)(2)1(1)01(1)(1)
Comprehensive income, net of tax, attributable to parent:1637219270284738

Statements sources

The financial statements are based on the company's filings with the 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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