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MICROCHIP TECHNOLOGY INC (MCHP)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsMar-31-23Mar-31-22Mar-31-21Mar-31-20Mar-31-19Mar-31-18Mar-31-17Mar-31-16
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Semiconductor Products Reporting Unit       3,876.03,316.6 
    Located outside US, in aggregate       3,383.72,862.6 
    Asia       2,308.91,976.5 
    Europe       955.4817.9 
Total revenues  8,438.76,820.95,438.45,274.25,349.53,980.83,407.82,173.3
            Revenue growth   [+]23.7%25.4%3.1%-1.4%34.4%16.8%56.8%1.2%
Cost of goods sold  2,740.82,371.32,059.62,032.12,418.21,560.11,650.6967.8
Gross profit  5,697.94,449.63,378.83,242.12,931.32,420.71,757.21,205.5
            Gross margin  67.5%65.2%62.1%61.5%54.8%60.8%51.6%55.5%
Selling, general and administrative  797.7718.9610.3676.6682.9452.1499.8301.7
Research and development  1,118.3989.1836.4877.8826.3529.3545.3372.6
Equity in earnings      -0.2-0.2-0.2-0.3
Other operating expenses       485.5337.7174.9
EBITDA   [+]4,110.43,022.62,153.11,909.41,624.21,569.5843.4639.2
            EBITDA margin  48.7%44.3%39.6%36.2%30.4%39.4%24.7%29.4%
Depreciation  244.7209.1160.6168.9180.6123.7122.9103.9
EBITA  3,865.72,813.51,992.51,740.51,443.61,445.8720.5535.3
            EBITA margin  45.8%41.2%36.6%33.0%27.0%36.3%21.1%24.6%
Amortization of intangibles  753.7934.4992.71,046.7695.8492.2346.3179.3
EBIT   [+]3,112.01,879.1999.8693.8747.8953.6374.2356.0
            EBIT margin  36.9%27.5%18.4%13.2%14.0%24.0%11.0%16.4%
Non-recurring items   [+]-4.029.51.746.733.717.598.64.0
Interest expense, net   [+]201.8256.5355.2494.5494.8177.0143.279.6
Other income (expense), net   [+]-4.5-110.6-303.4-2.2-14.8-21.8-42.68.9
Pre-tax income  2,909.71,482.5339.5150.4204.5737.389.8281.3
Income taxes  672.0197.0-9.9-420.2-151.4481.9-80.8-42.6
            Tax rate  23.1%13.3%   65.4%  
Minority interest         -0.2
Earnings from continuing ops  2,237.71,285.5349.4570.6355.9255.4170.6324.1
Earnings from discontinued ops        -6.0 
Net income  2,237.71,285.5349.4570.6355.9255.4164.6324.1
            Net margin  26.5%18.8%6.4%10.8%6.7%6.4%4.8%14.9%
   
Basic EPS   [+]$4.07$2.33$0.67$1.19$1.51$1.10$0.79$1.59
Diluted EPS   [+]$4.02$2.27$0.65$1.11$1.42$1.03$0.73$1.49
   
Dividends per share   [+]$1.26$0.91$0.75$0.73$1.46$1.45$1.44$1.43
   
Shares outstanding (basic)   [+]550.4552.3519.2477.7236.2232.9217.2203.4
Shares outstanding (diluted)   [+]557.3565.9541.2512.4249.9248.9234.8217.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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