v3.25.3

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 48,646	$ 50,972
Short-term marketable securities	193,214	249,023
Accounts receivable, net	31,515	27,172
Inventories	164,618	165,612
Prepaid expenses and other current assets	18,070	21,260
Total current assets	456,063	514,039
PROPERTY AND EQUIPMENT, net	147,915	149,562
INTANGIBLE ASSETS, net	7,452	8,075
GOODWILL	95,271	95,271
DEFERRED TAX ASSETS	37,125	36,485
OTHER ASSETS	28,704	25,394
Total assets	772,530	828,826
CURRENT LIABILITIES:
Accounts payable	37,459	29,789
Accrued payroll and related expenses	14,233	13,987
Taxes payable	890	961
Other accrued liabilities	18,513	10,580
Total current liabilities	71,095	55,317
LONG-TERM INCOME TAXES PAYABLE	4,556	3,871
OTHER LIABILITIES	24,903	19,866
Total liabilities	100,554	79,054
COMMITMENTS AND CONTINGENCIES (Notes 11, 13 and 14)
STOCKHOLDERS' EQUITY:
Common stock, $0.001 par value, 140,000 shares authorized; and 55,312 and 56,837 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively	20	22
Additional paid-in capital	0	18,734
Accumulated other comprehensive loss	(1,262)	(3,023)
Retained earnings	673,218	734,039
Total stockholders' equity	671,976	749,772
Total liabilities and stockholders' equity	$ 772,530	$ 828,826

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

POWER INTEGRATIONS INC 10-Q