Six Months Ended September 30, 2021 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, 2021
(in millions except per share amounts)
(unaudited)
Net sales
$
3,219.2
Share-based
Professional
Amortization of
Acquisition-
services
Special charges
Loss on
Non-cash other
Other non-GAAP
GAAP
compensation
associated with
acquired
Non-GAAP
related costs
and other, net
settlement of debt
expense, net
tax adjustment
expense
certain legal
intangible 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)
(2.2)
(3.8)
-
-
-
-
-
306.5
Amortization of acquired intangible assets
431.3
-
-
-
(431.3)
-
-
-
-
-
Special charges and other, net
20.7
-
-
-
-
(20.7)
-
-
-
-
Operating expenses
1,290.8
(94.4)
(2.6)
(3.8)
(431.3)
(20.7)
-
-
-
738.0
Operating income
785.1
112.3
2.6
3.8
431.3
20.7
-
-
-
1,355.8
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
2.6
3.8
431.3
20.7
85.5
21.0
-
1,239.0
Income tax provision (benefit)
67.0
-
-
-
-
-
-
-
7.6
74.6
Net income
$
494.8
112.3
2.6
3.8
431.3
20.7
85.5
21.0
(7.6)
$
1,164.4
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 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 21:11:17 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. 
