Six Months Ended September 30, 2020 GAAP to Non-GAAP Income Statement.110421.pdf
November 04, 2021 at 05:16 pm EDT
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MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
SIX MONTHS ENDED SEPTEMBER 30, 2020
(in millions except per share amounts)
(unaudited)
Net sales
$
2,619.2
COVID-19
Professional
shelter-in-
Amortization
Share-based
services
Special
Loss on
Non-cash
Gains on
Other non-
place
Acquisition-
IT security
of acquired
GAAP
compensation
associated
charges and
settlement of
other
equity
GAAP tax
Non-GAAP
restrictions on
related costs
remediation
intangible
expense
with certain
other, net
debt
expense, net
investments
adjustment
manufacturing
legal matters
assets
activities
Cost of sales
$
1,013.0
(12.4)
(2.8)
-
-
-
-
-
-
-
-
-
$
997.8
Gross profit
1,606.2
12.4
2.8
-
-
-
-
-
-
-
-
-
1,621.4
Gross profit percentage
61.3 %
61.9 %
Research and development
397.8
(45.0)
-
-
-
-
-
-
-
-
-
-
352.8
Selling, general and administrative
291.0
(34.7)
-
(0.6)
(4.8)
(1.3)
-
-
-
-
-
-
249.6
Amortization of acquired intangible assets
468.3
-
-
-
-
-
(468.3)
-
-
-
-
-
-
Special charges and other, net
4.6
-
-
-
-
-
-
(4.6)
-
-
-
-
-
Operating expenses
1,161.7
(79.7)
-
(0.6)
(4.8)
(1.3)
(468.3)
(4.6)
-
-
-
-
602.4
Operating income
444.5
92.1
2.8
0.6
4.8
1.3
468.3
4.6
-
-
-
-
1,019.0
Operating income percentage
17.0 %
38.9 %
Other expense, net
(266.2)
-
-
-
-
-
-
-
71.9
41.4
(0.2)
-
(153.1)
Income before income taxes
178.3
92.1
2.8
0.6
4.8
1.3
468.3
4.6
71.9
41.4
(0.2)
-
865.9
Income tax provision (benefit)
(18.9)
-
-
-
-
-
-
-
-
-
-
66.5
47.6
Net income
$
197.2
92.1
2.8
0.6
4.8
1.3
468.3
4.6
71.9
41.4
(0.2)
(66.5)
$
818.3
Net income percentage
7.5 %
31.2 %
Diluted net income per common share
$
0.38
$
1.56
Diluted common shares outstanding
525.5
525.5
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Disclaimer
Microchip Technology Incorporated published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 21:11:18 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. 
