MaxLinear, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Significant Customer and Geographic Information (Tables)

Significant Customer and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2016

Long-lived Assets by Geographic Areas [Table Text Block]



	As of December 31,
	2016				2015
	Amount		% of total		Amount		% of total
United States	$	111,336	55	%	$	121,697	99	%
Singapore	78,318		39	%	26		—	%
Rest of world	11,171		6	%	1,269		1	%
Total	$	200,825	100	%	$	122,992	100	%

Significant Customer and Geographic Information

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



	Years Ended December 31,
	2016		2015		2014
Percentage of total net revenue
Arris¹	27	%	28	%	31	%
Technicolor²	10	%	13	%	*

* Represents less than 10% of the net revenue for the respective period.

¹In January 2016, Arris completed its acquisition of Pace. The revenue percentage attributed to Arris includes sales made to Pace in the year ended December 31, 2016.

²In November 2015, Technicolor completed its purchase of Cisco’s connected devices business.



	December 31,
	2016		2015
Percentage of gross accounts receivable
Pegatron Corporation	17	%	17	%
Sernet Technologies Corporation	15	%	14	%
WNC Corporation	12	%	16	%
MTI Jupiter Technologies	*		13	%

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



	Years Ended December 31,
	2016		2015		2014
Percentage of total net revenue
China	78	%	77	%	71	%



	Years ended December 31,
	2016		2015		2014
Globalfoundries	18	%	22	%	16	%
United Microelectronics Corporation	16	%	12	%	23	%
Taiwan Semiconductor Manufacturing Company	13	%	14	%	*
Tower-Jazz Semiconductor	12	%	11	%	*
Semiconductor Manufacturing International Corp	11	%	11	%	27	%
Advanced Semiconductor Engineering	11	%	11	%	20	%

Significant Customer and Geographic Information



	Years Ended December 31,
	2016				2015				2014
	Amount		% of total net revenue		Amount		% of total net revenue		Amount		% of total net revenue
Asia	$	360,325	93	%	$	274,169	91	%	$	125,122	94	%
United States	9,181		2	%	10,819		4	%	567		—	%
Rest of world	18,326		5	%	15,372		5	%	7,423		6	%
Total	$	387,832	100	%	$	300,360	100	%	$	133,112	100	%

Concentration of Credit Risk, Significant Customers and Geographic Information

Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents, accounts receivable and inventory. 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, including cable and terrestrial and satellite set-top boxes and gates, DOCSIS data and voice gateways, hybrid analog and digital televisions, satellite low-noise blocker transponders or outdoor units, physical medium devices that go into optical modules for data center, metro, and long-haul transport network applications, and RF transceiver and modem devices for wireless access and backhaul applications. 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:



	Years Ended December 31,
	2016		2015		2014
Percentage of total net revenue
Arris¹	27	%	28	%	31	%
Technicolor²	10	%	13	%	*

* Represents less than 10% of the net revenue for the respective period.

¹In January 2016, Arris completed its acquisition of Pace. The revenue percentage attributed to Arris includes sales made to Pace in the year ended December 31, 2016.

²In November 2015, Technicolor completed its purchase of Cisco’s connected devices business. The revenue percentage for fiscal year 2015 did not include 1% revenue for Technicolor.

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



	December 31,
	2016		2015
Percentage of gross accounts receivable
Pegatron Corporation	17	%	17	%
Sernet Technologies Corporation	15	%	14	%
WNC Corporation	12	%	16	%
MTI Jupiter Technologies	*		13	%

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

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



	Years ended December 31,
	2016		2015		2014
Globalfoundries	18	%	22	%	16	%
United Microelectronics Corporation	16	%	12	%	23	%
Taiwan Semiconductor Manufacturing Company	13	%	14	%	*
Tower-Jazz Semiconductor	12	%	11	%	*
Semiconductor Manufacturing International Corp	11	%	11	%	27	%
Advanced Semiconductor Engineering	11	%	11	%	20	%

* 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 (in thousands):



	Years Ended December 31,
	2016				2015				2014
	Amount		% of total net revenue		Amount		% of total net revenue		Amount		% of total net revenue
Asia	$	360,325	93	%	$	274,169	91	%	$	125,122	94	%
United States	9,181		2	%	10,819		4	%	567		—	%
Rest of world	18,326		5	%	15,372		5	%	7,423		6	%
Total	$	387,832	100	%	$	300,360	100	%	$	133,112	100	%

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



	Years Ended December 31,
	2016		2015		2014
Percentage of total net revenue
China	78	%	77	%	71	%

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, intangible assets, and goodwill by geographic area are as follows (in thousands):



	As of December 31,
	2016				2015
	Amount		% of total		Amount		% of total
United States	$	111,336	55	%	$	121,697	99	%
Singapore	78,318		39	%	26		—	%
Rest of world	11,171		6	%	1,269		1	%
Total	$	200,825	100	%	$	122,992	100	%