Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2021 and an Increase in Quarterly Cash Dividend
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RECONCILIATION OF OPERATING INCOME TO NON-GAAP OPERATING INCOME |
| (Unaudited, in thousands) |
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Three Months Ended December 31, | | |
Year Ended December 31, |
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2021 | | |
2020 | | |
2021 | | |
2020 |
| Total operating income | | $ | 78,571 | | | $ | 39,963 | | | $ | 262,417 | | | $ | 158,882 |
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| Adjustments to reconcile total operating income to non-GAAP total operating income: | | | | | | | | | | | | | | | |
| Stock-based compensation expense | | | 31,196 | | | | 22,970 | | | | 123,479 | | | | 85,551 |
| Amortization of purchased intangible assets | | | 33 | | | | - | | | | 44 | | | | - |
| Deferred compensation plan expense | | | 2,176 | | | | 3,328 | | | | 5,124 | | | | 5,650 |
| Non-GAAP operating income | | $ | 111,976 | | | $ | 66,261 | | | $ | 391,064 | | | $ | 250,083 |
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