Microchip Technology : Six Months ended September 30 2021 GAAP to Non-GAAP Income Statement.110322
November 04, 2022 at 02:36 am IST
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MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
SIX MONTHS ENDED SEPTEMBER 30, 2021
(in millions, except per share amounts)
(unaudited)
Net sales
$
3,219.2
Professional
Amortization of
Share-based
Acquisition-
services
Special charges
Loss on
Non-cash other
Other non-
GAAP
compensation
associated with
acquired
(income) and
settlement of
GAAP tax
Non-GAAP
related costs
intangible
expense, net
expense
certain legal
other, net
debt
adjustment
assets
matters
Cost of sales
$
1,143.3
(17.9)
-
-
-
-
-
-
-
$
1,125.4
Gross profit
2,075.9
17.9
-
-
-
-
-
-
-
2,093.8
Gross profit percentage
64.5 %
65.0 %
Research and development
484.6
(52.7)
(0.4)
-
-
-
-
-
-
431.5
Selling, general and administrative
354.2
(41.7)
(2.3)
(3.8)
-
-
-
-
-
306.4
Amortization of acquired intangible assets
431.3
-
-
-
(431.3)
-
-
-
-
-
Special charges (income) and other, net
20.7
-
-
-
-
(20.7)
-
-
-
-
Operating expenses
1,290.8
(94.4)
(2.7)
(3.8)
(431.3)
(20.7)
-
-
-
737.9
Operating income
785.1
112.3
2.7
3.8
431.3
20.7
-
-
-
1,355.9
Operating income percentage
24.4 %
42.1 %
Other expense, net
(223.3)
-
-
-
-
-
85.5
21.0
-
(116.8)
Income before income taxes
561.8
112.3
2.7
3.8
431.3
20.7
85.5
21.0
-
1,239.1
Income tax provision
67.0
-
-
-
-
-
-
-
7.6
74.6
Net income
$
494.8
112.3
2.7
3.8
431.3
20.7
85.5
21.0
(7.6)
$
1,164.5
Net income percentage
15.4 %
36.2 %
Diluted net income per common share
$
0.87
$
2.06
Diluted common shares outstanding
565.5
565.5
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Disclaimer
Microchip Technology Incorporated published this content on 03 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2022 21:03:58 UTC.
Microchip Technology, Inc. specializes in the design, production and marketing of integrated semiconductors, primarily for the household appliances, automotive, computer, and telecommunications sectors. Net sales break down by family of products as follows:
- mixed-signal microcontrollers (56.3%). The group also develops integrated security circuits and tools for programming of micro-controllers for specific applications;
- interface and analogue products (28.2%);
- other (15.5%): primarily memory products (erasable and re-programmable electric memories).
Net sales are distributed geographically as follows: Americas (25.7%), Asia (53.3%) and Europe (21%).
MICROCHIP TECHNOLOGY, INC. 
