MaxLinear, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Revenue from Contracts with Customers (Tables)

Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contracts with Customers [Abstract]

Revenue from External Customers by Products and Services [Table Text Block]

The table below presents disaggregated net revenues by market (in thousands):



	Three months ended
	March 31,
	2018			2017⁽¹⁾

Connected home	$	65,658		$	77,240
% of net revenue	59		%	87		%
Infrastructure	20,490			11,534
% of net revenue	19		%	13		%
Industrial and multi-market	24,679			67
% of net revenue	22		%	—		%
Total net revenue	$	110,827		$	88,841

Concentration Risk Disclosure [Text Block]

Concentration of Credit Risk, Significant Customers and Revenue by Geographic Region

Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents and accounts receivable. Collateral is generally not required for customer receivables. The Company limits its exposure to credit loss by placing its cash with high credit quality financial institutions. At times, such deposits may be in excess of insured limits. The Company has not experienced any losses on its deposits of cash and cash equivalents.

Significant Customers

The Company markets its products and services to manufacturers of a wide range of electronic devices (Note 1). The Company makes periodic evaluations of the credit worthiness of its customers.

Customers comprising greater than 10% of net revenues for each of the periods presented are as follows:



	Three Months Ended March 31,
	2018		2017
Percentage of total net revenue
Customer A	27	%	31	%

Balances that are 10% or greater of accounts receivable, based on the Company's billings to the contract manufacturer customers, are as follows:



	March 31,		December 31,
	2018		2017
Percentage of gross accounts receivable
Customer A	10	%	*
Customer B	13	%	17	%
Customer C	*		10	%

____________________________


*	Represents less than 10% of the gross accounts receivable as of the respective period end.

Suppliers comprising greater than 10% of total inventory purchases are as follows:



	Three Months Ended March 31,
	2018		2017
Vendor A	21	%	21	%
Vendor B	19	%	19	%
Vendor C	*		15	%
Vendor D	16	%	12	%
Vendor E	14	%	17	%

____________________________


*	Represents less than 10% of the inventory purchases for the respective period.

Geographic Information

The Company's consolidated net revenues by geographic area based on ship-to location are as follows:



	Three Months Ended March 31,
	2018				2017
	Amount		% of total net revenue		Amount		% of total net revenue
Asia	$	84,814	77	%	$	84,332	95	%
United States	5,195		5	%	145		—	%
Rest of world	20,818		19	%	4,364		5	%
Total	$	110,827	100	%	$	88,841	100	%

The products shipped to individual countries representing greater than 10% of net revenue for each of the periods presented are as follows:



	Three Months Ended March 31,
	2018		2017
Percentage of total net revenue
China	61	%	78	%

The determination of which country a particular sale is allocated to is based on the destination of the product shipment. No other individual country in Asia Pacific, United States, or the rest of the world accounted for more than 10% of net revenue during these periods.

Long-lived assets, which consists of property and equipment, net, intangible assets, net, and goodwill by geographic area are as follows (in thousands):



	March 31,				December 31,
	2018				2017
	Amount		% of total		Amount		% of total
United States	$	468,774	84	%	$	481,638	84	%
Singapore	87,187		16	%	92,414		16	%
Rest of world	2,055		—	%	1,643		—	%
Total	$	558,016	100	%	$	575,695	100	%