MONOLITHIC POWER SYSTEMS INC (MPWR) FY2023 Annual P&L / Income Statement

MONOLITHIC POWER SYSTEMS INC (MPWR) FY2023 Annual P&L / Income Statement

Income statement for 2023-01-01 through 2023-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue

1,821,072,000 US dollars

Cost of revenue

799,953,000 US dollars

Gross profit

1,021,119,000 US dollars

Total operating expenses

539,383,000 US dollars

Operating income

481,736,000 US dollars

Other income (expense), net

24,105,000 US dollars

Income before income taxes

505,841,000 US dollars

Income tax expense

78,467,000 US dollars

Net income

427,374,000 US dollars

DC To DC Products

1,718,623,000 US dollars

Lighting Control Products

102,449,000 US dollars

Research and development

263,643,000 US dollars

Selling, general and administrative

275,740,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.