Microchip Technology : Six Months ended September 30 2022 GAAP to Non-GAAP Income Statement.110322
November 03, 2022 at 05:06 pm EDT
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MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
SIX MONTHS ENDED SEPTEMBER 30, 2022
(in millions, except per share amounts)
(unaudited)
Net sales
$
4,036.8
Professional
Share-based
Acquisition-
services
Amortization of
Special charges
Loss on
Non-cash other
Other non-GAAP
GAAP
compensation
associated with
acquired
(income) and
settlement of
Non-GAAP
related costs
expense, net
tax adjustment
expense
certain legal
intangible assets
other, net
debt
matters
Cost of sales
$
1,329.0
(14.2)
-
-
-
-
-
-
-
$
1,314.8
Gross profit
2,707.8
14.2
-
-
-
-
-
-
-
2,722.0
Gross profit percentage
67.1 %
67.4 %
Research and development
537.6
(39.9)
(0.4)
-
-
-
-
-
-
497.3
Selling, general and administrative
391.3
(28.4)
(1.3)
(3.2)
-
-
-
-
-
358.4
Amortization of acquired intangible assets
335.1
-
-
-
(335.1)
-
-
-
-
-
Special charges (income) and other, net
(12.6)
-
-
-
-
12.6
-
-
-
-
Operating expenses
1,251.4
(68.3)
(1.7)
(3.2)
(335.1)
12.6
-
-
-
855.7
Operating income
1,456.4
82.5
1.7
3.2
335.1
(12.6)
-
-
-
1,866.3
Operating income percentage
36.1 %
46.2 %
Other expense, net
(110.7)
-
-
-
-
-
8.3
0.1
-
(102.3)
Income before income taxes
1,345.7
82.5
1.7
3.2
335.1
(12.6)
8.3
0.1
-
1,764.0
Income tax provision
292.3
-
-
-
-
-
-
-
(109.9)
182.4
Net income
$
1,053.4
82.5
1.7
3.2
335.1
(12.6)
8.3
0.1
109.9
$
1,581.6
Net income percentage
26.1 %
39.2 %
Diluted net income per common share
$
1.88
$
2.82
Diluted common shares outstanding
559.9
559.9
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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. 
