2015 Q2 Form 10-Q Financial Statement

#000128846915000035 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $70.82M $35.59M
YoY Change 98.99% 19.54%
Cost Of Revenue $43.88M $13.35M
YoY Change 228.8% 6.96%
Gross Profit $26.94M $22.25M
YoY Change 21.11% 28.62%
Gross Profit Margin 38.04% 62.5%
Selling, General & Admin $23.62M $8.688M
YoY Change 171.87% 11.84%
% of Gross Profit 87.67% 39.05%
Research & Development $23.99M $13.89M
YoY Change 72.71% 12.81%
% of Gross Profit 89.05% 62.45%
Depreciation & Amortization $12.30M $1.100M
YoY Change 1018.18% 10.0%
% of Gross Profit 45.65% 4.94%
Operating Expenses $59.00M $22.58M
YoY Change 161.3% 12.43%
Operating Profit -$32.06M -$334.0K
YoY Change 9498.8% -88.02%
Interest Expense $100.0K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$22.00K -$18.00K
YoY Change 22.22% -59.09%
Pretax Income -$32.03M -$292.0K
YoY Change 10869.52% -89.47%
Income Tax -$1.384M $320.0K
% Of Pretax Income
Net Earnings -$30.65M -$612.0K
YoY Change 4907.68% -78.93%
Net Earnings / Revenue -43.27% -1.72%
Basic Earnings Per Share -$0.58 -$0.02
Diluted Earnings Per Share -$0.58 -$0.02
COMMON SHARES
Basic Shares Outstanding 52.59M shares 36.09M shares
Diluted Shares Outstanding 52.59M shares 36.09M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.40M $75.10M
YoY Change -2.26% 21.52%
Cash & Equivalents $56.73M $31.25M
Short-Term Investments $16.60M $43.90M
Other Short-Term Assets $5.300M $2.000M
YoY Change 165.0% 11.11%
Inventory $38.82M $9.763M
Prepaid Expenses
Receivables $41.56M $20.69M
Other Receivables $0.00 $0.00
Total Short-Term Assets $159.0M $107.5M
YoY Change 47.91% 18.4%
LONG-TERM ASSETS
Property, Plant & Equipment $23.12M $9.858M
YoY Change 134.56% 60.32%
Goodwill $48.89M
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.700M $16.40M
YoY Change -46.95% -15.9%
Other Assets $6.158M $596.0K
YoY Change 933.22% 123.22%
Total Long-Term Assets $180.3M $27.43M
YoY Change 557.16% 2.24%
TOTAL ASSETS
Total Short-Term Assets $159.0M $107.5M
Total Long-Term Assets $180.3M $27.43M
Total Assets $339.3M $135.0M
YoY Change 151.4% 14.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.78M $8.782M
YoY Change 136.67% 5.76%
Accrued Expenses $24.68M $5.915M
YoY Change 317.26% 21.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $74.24M $37.73M
YoY Change 96.78% 22.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $10.72M $1.373M
YoY Change 680.99% 52.05%
Total Long-Term Liabilities $10.72M $1.373M
YoY Change 680.99% 52.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $74.24M $37.73M
Total Long-Term Liabilities $10.72M $1.373M
Total Liabilities $84.96M $39.10M
YoY Change 117.29% 23.32%
SHAREHOLDERS EQUITY
Retained Earnings -$114.3M -$73.22M
YoY Change 56.04% 14.02%
Common Stock $368.5M $169.0M
YoY Change 118.02% 12.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $254.3M $95.86M
YoY Change
Total Liabilities & Shareholders Equity $339.3M $135.0M
YoY Change 151.4% 14.71%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$30.65M -$612.0K
YoY Change 4907.68% -78.93%
Depreciation, Depletion And Amortization $12.30M $1.100M
YoY Change 1018.18% 10.0%
Cash From Operating Activities $4.600M $7.500M
YoY Change -38.67% 20.97%
INVESTING ACTIVITIES
Capital Expenditures -$4.100M -$3.200M
YoY Change 28.13% 60.0%
Acquisitions
YoY Change
Other Investing Activities $33.10M -$300.0K
YoY Change -11133.33% -109.09%
Cash From Investing Activities $29.10M -$3.500M
YoY Change -931.43% -369.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 200.0K -1.300M
YoY Change -115.38%
NET CHANGE
Cash From Operating Activities 4.600M 7.500M
Cash From Investing Activities 29.10M -3.500M
Cash From Financing Activities 200.0K -1.300M
Net Change In Cash 33.90M 2.700M
YoY Change 1155.56% -64.0%
FREE CASH FLOW
Cash From Operating Activities $4.600M $7.500M
Capital Expenditures -$4.100M -$3.200M
Free Cash Flow $8.700M $10.70M
YoY Change -18.69% 30.49%

Facts In Submission

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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0 USD
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us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;padding-top:12px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">MaxLinear, Inc. (the Company) was incorporated in Delaware in September 2003. The Company is a provider of integrated, radio-frequency and mixed-signal integrated circuits for broadband communication and data center, metro, and long-haul transport network applications whose customers include module makers, original equipment manufacturers, or OEMs, and original design manufacturers, or ODMs, who incorporate the Company&#8217;s products in a wide range of electronic devices including cable and terrestrial and satellite set top boxes, DOCSIS data and voice gateways, hybrid analog and digital televisions, satellite low-noise blocker transponders or outdoor units and optical modules for data center, metro, and long-haul transport network applications. The Company is a fabless semiconductor company focusing its resources on the design, sales and marketing of its products.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:12px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes of the unaudited consolidated financial statements. Actual results could differ from those estimates.</font></div></div>

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