Microchip Technology : Three Months ended September 30 2021 GAAP to Non-GAAP Income Statement.110322

					MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
					CONDENSED CONSOLIDATED STATEMENTS OF INCOME
					THREE MONTHS ENDED SEPTEMBER 30, 2021
					(in millions, except per share amounts)
						(unaudited)
Net sales	$	1,649.8
					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	$	581.5	(9.1)	-	-	-	-	-	-	-	$	572.4
Gross profit		1,068.3	9.1	-	-	-	-	-	-	-		1,077.4
Gross profit percentage		64.8 %										65.3 %
Research and development		246.2	(26.1)	(0.2)	-	-	-	-	-	-		219.9
Selling, general and administrative		179.9	(20.5)	(1.0)	(1.7)	-	-	-	-	-		156.7
Amortization of acquired intangible assets		215.7	-	-	-	(215.7)	-	-	-	-		-
Special charges (income) and other, net		10.2	-	-	-	-	(10.2)	-	-	-		-
Operating expenses		652.0	(46.6)	(1.2)	(1.7)	(215.7)	(10.2)	-	-	-		376.6
Operating income		416.3	55.7	1.2	1.7	215.7	10.2	-	-	-		700.8
Operating income percentage		25.2 %										42.5 %
Other expense, net		(151.5)	-	-	-	-	-	85.2	10.1	-		(56.2)
Income before income taxes		264.8	55.7	1.2	1.7	215.7	10.2	85.2	10.1	-		644.6
Income tax provision		22.8	-	-	-	-	-	-	-	16.1		38.9
Net income	$	242.0	55.7	1.2	1.7	215.7	10.2	85.2	10.1	(16.1)	$	605.7
Net income percentage
	14.7 %										36.7 %
Diluted net income per common share	$	0.43									$	1.07
Diluted common shares outstanding		565.9										565.9