2013 Q1 Form 10-Q Financial Statement

#000144530513001002 Filed on May 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $26.53M $20.68M
YoY Change 28.29% 22.33%
Cost Of Revenue $9.822M $8.267M
YoY Change 18.81% 35.52%
Gross Profit $16.71M $12.35M
YoY Change 35.29% 14.05%
Gross Profit Margin 62.98% 59.73%
Selling, General & Admin $7.403M $6.959M
YoY Change 6.38% 44.98%
% of Gross Profit 44.3% 56.33%
Research & Development $11.51M $11.91M
YoY Change -3.33% 50.73%
% of Gross Profit 68.88% 96.4%
Depreciation & Amortization $981.0K $870.0K
YoY Change 12.76% 24.29%
% of Gross Profit 5.87% 7.04%
Operating Expenses $18.91M $18.87M
YoY Change 0.25% 48.56%
Operating Profit -$2.202M -$6.451M
YoY Change -65.87% 245.16%
Interest Expense $4.000K $19.00K
YoY Change -78.95% -81.0%
% of Operating Profit
Other Income/Expense, Net -$73.00K -$96.00K
YoY Change -23.96% -4.0%
Pretax Income -$2.220M -$6.501M
YoY Change -65.85% 261.17%
Income Tax $80.00K $61.00K
% Of Pretax Income
Net Earnings -$2.300M -$6.562M
YoY Change -64.95% 471.6%
Net Earnings / Revenue -8.67% -31.73%
Basic Earnings Per Share -$0.07 -$0.20
Diluted Earnings Per Share -$0.07 -$0.20
COMMON SHARES
Basic Shares Outstanding 32.82M shares 33.31M shares
Diluted Shares Outstanding 32.82M shares 33.31M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.90M $76.10M
YoY Change -22.6% -17.1%
Cash & Equivalents $17.17M $23.80M
Short-Term Investments $41.70M $52.30M
Other Short-Term Assets $1.400M $1.200M
YoY Change 16.67% -68.42%
Inventory $8.662M $6.800M
Prepaid Expenses
Receivables $18.02M $11.10M
Other Receivables $0.00 $0.00
Total Short-Term Assets $86.95M $95.10M
YoY Change -8.57% -12.27%
LONG-TERM ASSETS
Property, Plant & Equipment $6.550M $5.100M
YoY Change 28.43% 2.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $18.40M $7.300M
YoY Change 152.05%
Other Assets $264.0K $200.0K
YoY Change 32.0% -95.92%
Total Long-Term Assets $25.29M $13.40M
YoY Change 88.75% 24.07%
TOTAL ASSETS
Total Short-Term Assets $86.95M $95.10M
Total Long-Term Assets $25.29M $13.40M
Total Assets $112.2M $108.5M
YoY Change 3.45% -8.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.798M $3.500M
YoY Change 8.51% -5.41%
Accrued Expenses $4.924M $13.30M
YoY Change -62.98% 171.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $30.73M $19.30M
YoY Change 59.21% 46.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $828.0K $500.0K
YoY Change 65.6% 150.0%
Total Long-Term Liabilities $828.0K $500.0K
YoY Change 65.6% 150.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.73M $19.30M
Total Long-Term Liabilities $828.0K $500.0K
Total Liabilities $31.56M $19.80M
YoY Change 59.37% 46.67%
SHAREHOLDERS EQUITY
Retained Earnings -$61.32M
YoY Change
Common Stock $142.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $80.69M $88.80M
YoY Change
Total Liabilities & Shareholders Equity $112.2M $108.5M
YoY Change 3.45% -8.98%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$2.300M -$6.562M
YoY Change -64.95% 471.6%
Depreciation, Depletion And Amortization $981.0K $870.0K
YoY Change 12.76% 24.29%
Cash From Operating Activities $801.0K -$1.080M
YoY Change -174.17% -48.57%
INVESTING ACTIVITIES
Capital Expenditures $542.0K $848.0K
YoY Change -36.08% -221.14%
Acquisitions
YoY Change
Other Investing Activities -$4.900M -$2.100M
YoY Change 133.33% -115.11%
Cash From Investing Activities -$5.414M -$3.183M
YoY Change 70.09% -123.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $23.00K $79.00K
YoY Change -70.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$26.00K $31.00K
YoY Change -183.87% -92.25%
NET CHANGE
Cash From Operating Activities $801.0K -$1.080M
Cash From Investing Activities -$5.414M -$3.183M
Cash From Financing Activities -$26.00K $31.00K
Net Change In Cash -$4.639M -$4.232M
YoY Change 9.62% -136.48%
FREE CASH FLOW
Cash From Operating Activities $801.0K -$1.080M
Capital Expenditures $542.0K $848.0K
Free Cash Flow $259.0K -$1.928M
YoY Change -113.43% 37.71%

Facts In Submission

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RepaymentsOfLongTermCapitalLeaseObligations
1000 USD
CY2012Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
24000 USD
CY2012Q1 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
11908000 USD
CY2013Q1 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
11511000 USD
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-61315000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-59015000 USD
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
20683000 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
26534000 USD
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
80689000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
80233000 USD
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33312000 shares
CY2013Q1 mxl Accrued Litigation Fees Current
AccruedLitigationFeesCurrent
637000 USD
CY2013Q1 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
9788000 USD
CY2012Q4 mxl Accrued Price Protection Liability
AccruedPriceProtectionLiability
7880000 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2013Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
50000 USD
CY2012Q4 mxl Accrued Litigation Fees Current
AccruedLitigationFeesCurrent
586000 USD
CY2013Q1 mxl Accrued Technology License Payments Current
AccruedTechnologyLicensePaymentsCurrent
3000000 USD
CY2012Q4 mxl Accrued Technology License Payments Current
AccruedTechnologyLicensePaymentsCurrent
2996000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7403000 USD
CY2012Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6959000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2789000 USD
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2223000 USD
CY2013Q1 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>
CY2012Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33312000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32821000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32821000 shares
CY2012Q4 mxl Deferred Revenue And Deferred Profit
DeferredRevenueAndDeferredProfit
2289000 USD
CY2013Q1 mxl Deferred Revenue And Deferred Profit
DeferredRevenueAndDeferredProfit
2937000 USD
CY2013Q1 mxl Deferred Revenue And Deferred Profits
DeferredRevenueAndDeferredProfits
648000 USD
CY2012Q1 mxl Deferred Revenue And Deferred Profits
DeferredRevenueAndDeferredProfits
-1515000 USD
CY2012Q4 mxl Deferred Revenue Distributor Transactions
DeferredRevenueDistributorTransactions
3735000 USD
CY2013Q1 mxl Deferred Revenue Distributor Transactions
DeferredRevenueDistributorTransactions
4948000 USD
CY2013Q1 mxl Deferred Revenue Rebates
DeferredRevenueRebates
15000 USD
CY2012Q4 mxl Deferred Revenue Rebates
DeferredRevenueRebates
23000 USD
CY2013Q1 mxl Increase Decrease In Accrued Price Protection Liabilities
IncreaseDecreaseInAccruedPriceProtectionLiabilities
1908000 USD
CY2012Q1 mxl Increase Decrease In Accrued Price Protection Liabilities
IncreaseDecreaseInAccruedPriceProtectionLiabilities
527000 USD
CY2013Q1 mxl Number Of Class Of Stock Outstanding
NumberOfClassOfStockOutstanding
2 class
CY2012Q3 mxl Number Of Patents In Connection With Patent Infringement Matters
NumberOfPatentsInConnectionWithPatentInfringementMatters
3 patent
CY2012Q3 mxl Number Of Patents In Connection With Patent Infringement Matters
NumberOfPatentsInConnectionWithPatentInfringementMatters
19 patent
CY2013Q1 mxl Number Of Patents In Connection With Patent Infringement Matters
NumberOfPatentsInConnectionWithPatentInfringementMatters
19 patent
CY2013Q1 mxl Number Of Patents In Connection With Patent Infringement Matters Additiona
NumberOfPatentsInConnectionWithPatentInfringementMattersAdditiona
1 patent
CY2013Q1 mxl Number Of Patents In Connection With Patent Infringement Matterscounterclaims
NumberOfPatentsInConnectionWithPatentInfringementMatterscounterclaims
5 patent
CY2013Q1 mxl Percentage Of Revenue From Companys Distributors
PercentageOfRevenueFromCompanysDistributors
0.28
CY2012Q1 mxl Percentage Of Revenue From Companys Distributors
PercentageOfRevenueFromCompanysDistributors
0.49
CY2013Q1 mxl Period Of Change Of Unrecognized Tax Benefits
PeriodOfChangeOfUnrecognizedTaxBenefits
P12M
CY2013Q1 mxl Share Based Compensation Arrangement By Share Based Payment Award Award Expiration Period Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardExpirationPeriodMaximum
P10Y
CY2013Q1 mxl Share Based Compensation Arrangement By Share Based Payment Award Expiration Period Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationPeriodMinimum
P7Y
CY2013Q1 mxl Share Based Payment Award Options Exercise Price As Percentage Of Common Stock Fair Value Minimum
ShareBasedPaymentAwardOptionsExercisePriceAsPercentageOfCommonStockFairValueMinimum
1
CY2013Q1 mxl Taxable Income Adjustment From Tax Examination
TaxableIncomeAdjustmentFromTaxExamination
0 USD
CY2013Q1 mxl Term Of Invoice Of Distributor
TermOfInvoiceOfDistributor
P30D
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001288469
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
MAXLINEAR INC
CY2013Q1 dei Trading Symbol
TradingSymbol
MXL

Files In Submission

Name View Source Status
0001445305-13-001002-index-headers.html Edgar Link pending
0001445305-13-001002-index.html Edgar Link pending
0001445305-13-001002.txt Edgar Link pending
0001445305-13-001002-xbrl.zip Edgar Link pending
ex1012formofchangeincontro.htm Edgar Link pending
ex1013formofchangeincontro.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
mxl-20130331.xml Edgar Link completed
mxl-20130331.xsd Edgar Link pending
mxl-20130331_cal.xml Edgar Link unprocessable
mxl-20130331_def.xml Edgar Link unprocessable
mxl-20130331_lab.xml Edgar Link unprocessable
mxl-20130331_pre.xml Edgar Link unprocessable
mxl-2013331x10q.htm Edgar Link pending
mxl-2013331xex311.htm Edgar Link pending
mxl-2013331xex312.htm Edgar Link pending
mxl-2013331xex321.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending