10-K Filing

MONOLITHIC POWER SYSTEMS INC CIK: 1280452 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001437749-24-006133`
Period End Date	20231231
Filing Date	20240229
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	mpwr20231231_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 45 Cash Flow Statement 107 Stockholders Equity 36 Comprehensive Income 18

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$288.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$527.84M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	47.11M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$580.63M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	48.03M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$449.27M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	48.03M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$179.86M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	47.11M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$182.71M	USD	Point-in-time
Inventories	`InventoryNet`	$447.29M	USD	Point-in-time
Inventories	`InventoryNet`	$383.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$42.74M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$147.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.41B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.82B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$368.95M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$357.16M	USD	Point-in-time
Goodwill	`Goodwill`	$6.57M	USD	Point-in-time
Goodwill	`Goodwill`	$6.57M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$28.05M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$35.25M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$211.28M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$249.29M	USD	Point-in-time
Total assets	`Assets`	$2.43B	USD	Point-in-time
Total assets	`Assets`	$2.06B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$61.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.96M	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$56.29M	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$88.26M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$115.79M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$113.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$235.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$263.40M	USD	Point-in-time
Income tax liabilities	`AccruedIncomeTaxesNoncurrent`	$60.72M	USD	Point-in-time
Income tax liabilities	`AccruedIncomeTaxesNoncurrent`	$53.51M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$88.66M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$73.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$390.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$384.41M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock and additional paid-in capital: $0.001 par value; shares authorized: 150,000; shares issued and outstanding: 48,028 and 47,107, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$975.28M	USD	Point-in-time
Common stock and additional paid-in capital: $0.001 par value; shares authorized: 150,000; shares issued and outstanding: 48,028 and 47,107, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	$1.13B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$716.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$947.06M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.08M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.06M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$966.59M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.67B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.05B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.24B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.43B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.06B	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.79B	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.21B	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.82B	USD	Annual
Cost of revenue	`CostOfRevenue`	$799.95M	USD	Annual
Cost of revenue	`CostOfRevenue`	$745.60M	USD	Annual
Cost of revenue	`CostOfRevenue`	$522.34M	USD	Annual
Gross profit	`GrossProfit`	$1.05B	USD	Annual
Gross profit	`GrossProfit`	$685.46M	USD	Annual
Gross profit	`GrossProfit`	$1.02B	USD	Annual
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$263.64M	USD	Annual
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$240.17M	USD	Annual
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$190.63M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$232.41M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$281.60M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$275.74M	USD	Annual
Total operating expenses	`OperatingExpenses`	$521.77M	USD	Annual
Total operating expenses	`OperatingExpenses`	$539.38M	USD	Annual
Total operating expenses	`OperatingExpenses`	$423.04M	USD	Annual
Operating income	`OperatingIncomeLoss`	$481.74M	USD	Annual
Operating income	`OperatingIncomeLoss`	$262.42M	USD	Annual
Operating income	`OperatingIncomeLoss`	$526.78M	USD	Annual
Other income (expense), net	`NonoperatingIncomeExpense`	$-1.85M	USD	Annual
Other income (expense), net	`NonoperatingIncomeExpense`	$24.11M	USD	Annual
Other income (expense), net	`NonoperatingIncomeExpense`	$9.80M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$524.94M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$272.22M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$505.84M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$30.20M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$78.47M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$87.27M	USD	Annual
Net income	`NetIncomeLoss`	$437.67M	USD	Annual
Net income	`NetIncomeLoss`	$242.02M	USD	Annual
Net income	`NetIncomeLoss`	$427.37M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$8.98	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$9.37	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$5.28	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$8.76	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$9.05	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$5.05	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	45.85M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.73M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	47.61M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.36M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.89M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.77M	shares	Annual

Cash Flow Statement 107 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$437.67M	USD	Annual
Net income	`NetIncomeLoss`	$242.02M	USD	Annual
Net income	`NetIncomeLoss`	$427.37M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$37.11M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.70M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$40.17M	USD	Annual
Amortization of premium (discount) on available-for-sale securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-4.38M	USD	Annual
Amortization of premium (discount) on available-for-sale securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-4.67M	USD	Annual
Amortization of premium (discount) on available-for-sale securities	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$5.28M	USD	Annual
Loss (gain) on deferred compensation plan investments	`GainLossOnDeferredCompensationPlanInvestmentsCashFlow`	$8.51M	USD	Annual
Loss (gain) on deferred compensation plan investments	`GainLossOnDeferredCompensationPlanInvestmentsCashFlow`	$-6.60M	USD	Annual
Loss (gain) on deferred compensation plan investments	`GainLossOnDeferredCompensationPlanInvestmentsCashFlow`	$4.56M	USD	Annual
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-2.77M	USD	Annual
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$5.87M	USD	Annual
Deferred taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-13.22M	USD	Annual
Gain on sale of equity investment	`GainOnSaleOfInvestments`	-	USD	Annual
Gain on sale of equity investment	`GainOnSaleOfInvestments`	-	USD	Annual
Gain on sale of equity investment	`GainOnSaleOfInvestments`	$1.42M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$160.99M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$149.71M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$123.48M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-97.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$23.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-110.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$37.98M	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$-2.88M	USD	Annual
Accounts receivable	`IncreaseDecreaseInReceivables`	$77.90M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$102.32M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$188.07M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-63.58M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$15.31M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$24.31M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$177.28M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.80M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$32.93M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.24M	USD	Annual
Accrued compensation and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$28.51M	USD	Annual
Accrued compensation and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$16.54M	USD	Annual
Accrued compensation and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-31.19M	USD	Annual
Income tax liabilities	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$11.77M	USD	Annual
Income tax liabilities	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-308.00K	USD	Annual
Income tax liabilities	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$16.56M	USD	Annual
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$22.47M	USD	Annual
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$14.87M	USD	Annual
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$22.74M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$638.21M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$320.01M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$246.67M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$58.84M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.58M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$94.42M	USD	Annual
Purchases of investments	`PaymentsToAcquireShortTermInvestments`	$65.78M	USD	Annual
Purchases of investments	`PaymentsToAcquireShortTermInvestments`	$582.60M	USD	Annual
Purchases of investments	`PaymentsToAcquireShortTermInvestments`	$394.89M	USD	Annual
Maturities and sales of investments	`ProceedsFromSaleOfShortTermInvestments`	$128.61M	USD	Annual
Maturities and sales of investments	`ProceedsFromSaleOfShortTermInvestments`	$468.31M	USD	Annual
Maturities and sales of investments	`ProceedsFromSaleOfShortTermInvestments`	$113.75M	USD	Annual
Contributions to deferred compensation plan, net	`ContributionsMadeToDeferredCompensationPlan`	$2.54M	USD	Annual
Contributions to deferred compensation plan, net	`ContributionsMadeToDeferredCompensationPlan`	$16.49M	USD	Annual
Contributions to deferred compensation plan, net	`ContributionsMadeToDeferredCompensationPlan`	$6.85M	USD	Annual
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$793.00K	USD	Annual
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.51M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-378.89M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-178.73M	USD	Annual
Property and equipment purchased on extended payment terms	`PropertyAndEquipmentPurchasedOnExtendedPaymentTerms`	$2.83M	USD	Annual
Property and equipment purchased on extended payment terms	`PropertyAndEquipmentPurchasedOnExtendedPaymentTerms`	$2.83M	USD	Annual
Property and equipment purchased on extended payment terms	`PropertyAndEquipmentPurchasedOnExtendedPaymentTerms`	$2.06M	USD	Annual
Proceeds from common stock issued under the employee equity incentive plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$17.32M	USD	Annual
Proceeds from common stock issued under the employee equity incentive plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$5.36M	USD	Annual
Proceeds from common stock issued under the employee equity incentive plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$1.12M	USD	Annual
Proceeds from common stock issued under the employee stock purchase plan	`ProceedsFromStockPlans`	$7.57M	USD	Annual
Proceeds from common stock issued under the employee stock purchase plan	`ProceedsFromStockPlans`	$4.67M	USD	Annual
Proceeds from common stock issued under the employee stock purchase plan	`ProceedsFromStockPlans`	$5.88M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.74M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Dividends and dividend equivalents paid	`PaymentsOfDividends`	$137.97M	USD	Annual
Dividends and dividend equivalents paid	`PaymentsOfDividends`	$185.84M	USD	Annual
Dividends and dividend equivalents paid	`PaymentsOfDividends`	$109.36M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-128.78M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-90.21M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-183.72M	USD	Annual
Effect of change in exchange rates	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.40M	USD	Annual
Effect of change in exchange rates	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-6.04M	USD	Annual
Effect of change in exchange rates	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-3.31M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-145.68M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$99.34M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$272.45M	USD	Annual
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$335.07M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$288.73M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.39M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$561.18M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$335.07M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$288.73M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.39M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$561.18M	USD	Point-in-time
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$85.13M	USD	Annual
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$85.03M	USD	Annual
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$21.15M	USD	Annual
Liability accrued for property and equipment purchases	`CapitalExpendituresIncurredButNotYetPaid`	$17.88M	USD	Annual
Liability accrued for property and equipment purchases	`CapitalExpendituresIncurredButNotYetPaid`	$5.74M	USD	Annual
Liability accrued for property and equipment purchases	`CapitalExpendituresIncurredButNotYetPaid`	$1.78M	USD	Annual
Liability accrued for dividends and dividend equivalents	`DividendsAndDividendEquivalentsAccrued`	$53.21M	USD	Point-in-time
Liability accrued for dividends and dividend equivalents	`DividendsAndDividendEquivalentsAccrued`	$40.94M	USD	Point-in-time
Liability accrued for dividends and dividend equivalents	`DividendsAndDividendEquivalentsAccrued`	$33.06M	USD	Point-in-time

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Dividends and dividend equivalents declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.00	USD	1 Quarter
Dividends and dividend equivalents declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$2.40	USD	Annual
Dividends and dividend equivalents declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$4.00	USD	Annual
Dividends and dividend equivalents declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$3.00	USD	Annual
Balance (in shares)	`CommonStockSharesOutstanding`	48.03M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	47.11M	shares	Point-in-time
Balance	`StockholdersEquity`	$966.59M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.67B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.24B	USD	Point-in-time
Net income	`NetIncomeLoss`	$437.67M	USD	Annual
Net income	`NetIncomeLoss`	$242.02M	USD	Annual
Net income	`NetIncomeLoss`	$427.37M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-3.98M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-38.96M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$5.74M	USD	Annual
Dividends and dividend equivalents declared	`Dividends`	$196.71M	USD	Annual
Dividends and dividend equivalents declared	`Dividends`	$146.15M	USD	Annual
Dividends and dividend equivalents declared	`Dividends`	$115.89M	USD	Annual
Common stock issued under the employee equity incentive plan	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$1.12M	USD	Annual
Common stock issued under the employee equity incentive plan	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$5.36M	USD	Annual
Common stock issued under the employee equity incentive plan	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$17.32M	USD	Annual
Common stock issued under the employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$7.57M	USD	Annual
Common stock issued under the employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$5.88M	USD	Annual
Common stock issued under the employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$4.67M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$149.72M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$123.53M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$160.81M	USD	Annual
Repurchase of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	7,000.00	shares	Annual
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.74M	USD	Annual
Balance (in shares)	`CommonStockSharesOutstanding`	48.03M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	47.11M	shares	Point-in-time
Balance	`StockholdersEquity`	$966.59M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.67B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.05B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.24B	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$437.67M	USD	Annual
Change in unrealized gain (loss) on available-for-sale securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-1.35M	USD	Annual
Change in unrealized gain (loss) on available-for-sale securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$613.00K	USD	Annual
Change in unrealized gain (loss) on available-for-sale securities, tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$184.00K	USD	Annual
Net income	`NetIncomeLoss`	$242.02M	USD	Annual
Net income	`NetIncomeLoss`	$427.37M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-32.29M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.53M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$8.40M	USD	Annual
Change in unrealized gains and losses on available-for-sale securities, net of tax of $(1,352), $184 and $613, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-6.66M	USD	Annual
Change in unrealized gains and losses on available-for-sale securities, net of tax of $(1,352), $184 and $613, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$5.54M	USD	Annual
Change in unrealized gains and losses on available-for-sale securities, net of tax of $(1,352), $184 and $613, respectively	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-2.66M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-3.98M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-38.96M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$5.74M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$423.39M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$398.71M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$247.76M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.