← MAXLINEAR, INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $61.3m | ($9.2m) | ($26.2m) | ($19.9m) | ($98.6m) | $42.0m | $125.0m | ($73.1m) | ($245.2m) | ($136.7m) | |
| Depreciation, Depletion and Amortization | $26.7m | $66.7m | $79.0m | $66.4m | $76.5m | $91.8m | $80.7m | $71.5m | $54.1m | $44.0m | |
| Depreciation | $10.6m | $12.0m | $11.1m | — | $11.3m | $17.7m | $20.3m | $23.8m | $23.0m | $23.2m | |
| Amortization of Debt Issuance Costs | — | $600k | $800k | $900k | $1.1m | $3.0m | $2.0m | $2.6m | $2.5m | $1.9m | |
| Amortization of Debt Issuance Costs and Discounts | — | $763k | $1.1m | $1.6m | $2.2m | $1.3m | $600k | $600k | $600k | $600k | |
| Amortization of Intangible Assets | $16.1m | $54.7m | $67.9m | $57.0m | $61.3m | $66.7m | $51.6m | $38.8m | $23.2m | $13.3m | |
| Deferred Income Tax Expense (Benefit) | $101k | ($31.8m) | ($12.1m) | ($15.7m) | ($18.5m) | ($2.3m) | $23.5m | ($4.5m) | $833k | ($8.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $21.8m | $32.7m | $31.7m | $32.1m | $47.6m | $59.4m | $81.7m | $55.2m | $66.0m | $77.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $7.3m | $11.5m | $7.6m | $12.0m | $3.5m | $13.1m | $28.9m | $12.6m | $2.8m | $2.2m | |
| Share-based Payment Arrangement, Expense | $21.8m | $32.7m | $31.7m | $32.1m | $47.6m | $59.4m | $81.7m | $55.2m | $66.0m | $77.1m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | $1.3m | $2.0m | $2.2m | $0 | $86k | $0 | $2.8m | $2.4m | $1.2m | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | $2.2m | $0 | $86k | $0 | $2.8m | $2.4m | $1.2m | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $1.3m | $2.0m | $0 | $0 | $0 | $0 | $0 | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | $429k | $462k | $0 | $5.6m | $427k | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($366k) | ($168k) | ($430k) | ($46k) | $0 | ($533k) | ($170k) | ($2.1m) | ($1.1m) | ($1.2m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($5.2m) | $0 | $0 | — | — | |
| Income Tax Expense (Benefit) | $2.4m | ($24.8m) | ($6.7m) | ($12.6m) | ($16.3m) | $5.9m | $49.2m | $9.3m | $6.5m | ($4.2m) | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $10.9m | $10.1m | |
| Operating Lease, Lease Income | — | — | — | ($3.0m) | $441k | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | $59k | ($2.2m) | $422k | ($69k) | ($1.2m) | $764k | $3.5m | ($20.9m) | ($10.9m) | ($7.3m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Non-cash transactions: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $8.2m | $4.4m | ($6.6m) | ($9.1m) | $16.9m | $51.7m | $50.9m | ($1.4m) | ($85.2m) | ($39.3m) | |
| Increase (Decrease) in Inventories | ($9.8m) | $1.8m | ($11.7m) | ($10.2m) | $31.8m | $33.7m | $28.8m | ($60.6m) | ($9.6m) | ($12.2m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | $216k | ($2.2m) | $809k | ($760k) | ($1.3m) | ($634k) | $1.8m | ($2.5m) | $1.3m | ($6.2m) | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | $0 | — | — | $555k | $521k | |
| Goodwill | $76.0m | $238.0m | $238.3m | $238.3m | $302.8m | $306.7m | $306.7m | $318.6m | $318.6m | $318.6m | |
| Investment Income, Interest | $572k | $274k | $78k | $775k | $409k | $78k | $245k | $6.1m | $6.4m | $3.4m | |
| Nonoperating Income (Expense) | — | ($12.3m) | ($13.8m) | ($10.4m) | ($13.7m) | ($17.4m) | ($6.0m) | ($25.6m) | ($15.4m) | ($14.0m) | |
| Operating Expenses | $166.9m | $229.6m | $227.9m | $189.7m | $313.9m | $430.6m | $469.5m | $423.9m | $418.1m | $392.7m | |
| Proceeds from Stock Options Exercised | $3.6m | $7.9m | $700k | $4.5m | $4.4m | $4.2m | $300k | $200k | $0 | $0 | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | $0 | $0 | ($1.5m) | ($1.8m) | $0 | $0 | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | — | — | $1.0m | $0 | $0 | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | ($85k) | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | — | — | — | ($85k) | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $117.3m | $75.1m | $102.7m | $78.3m | $73.6m | $168.2m | $388.7m | $43.4m | ($45.3m) | $19.6m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $8.5m | $7.5m | $7.8m | $6.9m | $12.5m | $39.2m | $41.3m | $13.5m | $17.7m | $12.6m | |
| Property, plant and equipment acquisitions funded by liabilities | $8.5m | $7.5m | $7.8m | $6.9m | $12.5m | $39.2m | $41.3m | $13.5m | $17.7m | $12.6m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $101.0m | $473.3m | $0 | $0 | $160.0m | — | — | $13.3m | $0 | $0 | |
| Payments to Acquire Investments | — | — | — | — | — | $5.0m | $29.3m | $0 | $0 | — | |
| Gain (Loss) on Sale of Investments | $50k | ($38k) | $0 | $0 | $0 | $0 | $3.4m | $434k | $0 | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($101.3m) | ($432.2m) | ($7.8m) | ($7.0m) | ($175.3m) | ($91.8m) | ($91.8m) | ($15.9m) | ($23.4m) | ($19.8m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Common Stock | $6.6m | $12.1m | $6.8m | $8.6m | $8.1m | $8.8m | $5.0m | $4.6m | $4.1m | $3.6m | |
| Payments for Repurchase of Common Stock | $3k | $334k | $0 | $0 | $2.7m | $23.5m | $31.5m | $0 | $0 | $20.0m | |
| Net Cash Provided by (Used in) Financing Activities | ($670k) | $347.0m | ($93.8m) | ($53.4m) | $159.6m | ($91.9m) | ($240.4m) | ($26.4m) | $1.3m | ($18.7m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($394k) | $1.6m | ($1.3m) | $934k | ($1.0m) | ($2.9m) | $56k | ($1.1m) | ($1.3m) | $644k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($394k) | $1.6m | ($221k) | $18.9m | $56.9m | ($18.3m) | $56.6m | ($1k) | ($68.8m) | ($18.2m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $14.9m | ($8.5m) | ($221k) | $93.1m | $150.0m | $131.7m | $188.4m | $188.4m | $119.6m | $101.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $0 | $8.8m | $14.0m | $11.3m | $11.1m | $11.0m | $9.1m | $9.5m | $9.7m | $8.6m | |
| Income Taxes Paid, Net | $1.6m | $9.4m | $5.4m | $4.4m | $2.8m | $3.8m | $23.8m | $28.6m | $8.2m | $5.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.