Microchip Technology Incorporated (MCHP) Financial Statements (2024 and earlier)

Company Profile

Business Address 2355 W CHANDLER BLVD
CHANDLER, AZ 85224-6199
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2343192824034312,197
Cash and cash equivalents234317280401429901
Short-term investments  22221,295
Receivables1,3051,073998934881564
Inventory, net of allowances, customer advances and progress billings1,325854665686712476
Inventory1,325854665686712476
Prepaid expense      64
Other current assets20520620119519256
Total current assets:3,0692,4532,1452,2172,2153,356
Noncurrent Assets
Property, plant and equipment1,178968855876997768
Intangible assets, net (including goodwill)10,04310,71711,46512,36713,3503,961
Goodwill6,6746,6746,6716,6656,6642,299
Intangible assets, net (excluding goodwill)3,3694,0434,7955,7026,6861,662
Deferred income tax assets1,6231,7971,7491,749
Other noncurrent assets45726526421711272
Deferred tax assets, net 100
Other undisclosed noncurrent assets     1,677 
Total noncurrent assets:13,30113,74714,33415,20916,1354,901
TOTAL ASSETS:16,37016,20016,47917,42618,3508,257
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7201,3991,0871,0291,014374
Accounts payable397345292247226144
Accrued liabilities1,3241,054794782787230
Debt1,398 1,3236091,3611,310
Other undisclosed current liabilities      334
Total current liabilities:3,1191,3992,4101,6372,3752,017
Noncurrent Liabilities
Long-term debt and lease obligation5,0427,6877,5818,8738,9461,758
Long-term debt, excluding current maturities5,0427,6877,5818,8738,9461,758
Liabilities, other than long-term debt1,6961,2181,1511,3301,1281,202
Accounts payable and accrued liabilities706705690668756755
Deferred tax liabilities, net 206
Deferred income tax liabilities434044319
Liability, pension and other postretirement and postemployment benefits     71 
Restructuring reserve     21 
Other liabilities948474417343280241
Other undisclosed noncurrent liabilities     614 
Total noncurrent liabilities:6,7388,9068,73210,20310,6882,960
Total liabilities:9,85710,30511,14211,84113,0634,977
Equity
Equity, attributable to parent6,5145,8955,3375,5865,2883,280
Common stock110000
Treasury stock, value(1,660)(796)(434)(501)(582)(663)
Additional paid in capital2,4132,5362,4032,6752,6802,563
Accumulated other comprehensive loss(4)(21)(26)(22)(21)(18)
Retained earnings5,7644,1753,3943,4323,2111,397
Total equity:6,5145,8955,3375,5865,2883,280
TOTAL LIABILITIES AND EQUITY:16,37016,20016,47917,42618,3508,257

Income Statement (P&L) ($ in millions)

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Revenues8,4396,8215,4385,2745,3503,981
Revenue, net3,981
Cost of revenue(2,741)(2,371)(2,060)(2,032)(2,418)(1,560)
Cost of goods and services sold      (1,560)
Gross profit:5,6984,4503,3793,2422,9312,421
Operating expenses(2,582)(2,600)(2,381)(2,595)(2,217)(1,484)
Operating income:3,1161,850998647714936
Nonoperating income (expense)63(2)6616
Investment income, nonoperating2123822
Other nonoperating income (expense)43(4)3(2)(6)
Interest and debt expense(212)(370)(657)(503)(516)(215)
Income from continuing operations before equity method investments, income taxes:2,9101,483340150205738
Loss from equity method investments     (0)(0)
Income from continuing operations before income taxes:2,9101,483340150205737
Income tax expense (benefit)(672)(197)10420151(482)
Income from continuing operations:2,2381,286349571356255
Income before gain (loss) on sale of properties:1,286349571356255
Net income available to common stockholders, diluted:2,2381,286349571356255

Comprehensive Income ($ in millions)

12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
3/31/2018
Net income:2,2381,286349571356255
Other comprehensive loss     (1)(3)
Comprehensive income:2,2381,286349571355252
Other undisclosed comprehensive income (loss), net of tax, attributable to parent176(5)0  
Comprehensive income, net of tax, attributable to parent:2,2541,291345571355252

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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