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)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments234289319282403431
Cash and cash equivalents234289317280401429
Short-term investments   2222
Receivables1,3051,1751,073998934881
Inventory, net of allowances, customer advances and progress billings1,3251,165854665686712
Inventory1,3251,165854665686712
Other current assets205204206201195192
Total current assets:3,0692,8342,4532,1452,2172,215
Noncurrent Assets
Property, plant and equipment1,1781,114968855876997
Intangible assets, net (including goodwill)10,04310,21810,71711,46512,36713,350
Goodwill6,6746,6746,6746,6716,6656,664
Intangible assets, net (excluding goodwill)3,3693,5454,0434,7955,7026,686
Deferred income tax assets1,6231,6301,7971,7491,749
Other noncurrent assets457320265264217112
Other undisclosed noncurrent assets      1,677
Total noncurrent assets:13,30113,28213,74714,33415,20916,135
TOTAL ASSETS:16,37016,11616,20016,47917,42618,350
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7201,6111,3991,0871,0291,014
Accounts payable397355345292247226
Accrued liabilities1,3241,2561,054794782787
Debt1,398  1,3236091,361
Total current liabilities:3,1191,6111,3992,4101,6372,375
Noncurrent Liabilities
Long-term debt and lease obligation5,0426,5897,6877,5818,8738,946
Long-term debt, excluding current maturities5,0426,5897,6877,5818,8738,946
Liabilities, other than long-term debt1,6961,6051,2181,1511,3301,128
Accounts payable and accrued liabilities706660705690668756
Deferred income tax liabilities43404044319
Liability, pension and other postretirement and postemployment benefits      71
Restructuring reserve      21
Other liabilities948904474417343280
Other undisclosed noncurrent liabilities      614
Total noncurrent liabilities:6,7388,1938,9068,73210,20310,688
Total liabilities:9,8579,80510,30511,14211,84113,063
Equity
Equity, attributable to parent6,5146,3125,8955,3375,5865,288
Common stock111000
Treasury stock, value(1,660)(1,408)(796)(434)(501)(582)
Additional paid in capital2,4132,3802,5362,4032,6752,680
Accumulated other comprehensive loss(4)(18)(21)(26)(22)(21)
Retained earnings5,7645,3564,1753,3943,4323,211
Total equity:6,5146,3125,8955,3375,5865,288
TOTAL LIABILITIES AND EQUITY:16,37016,11616,20016,47917,42618,350

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

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues8,4399,0566,8215,4385,2745,350
Cost of revenue(2,741)(2,879)(2,371)(2,060)(2,032)(2,418)
Gross profit:5,6986,1764,4503,3793,2422,931
Operating expenses(2,582)(2,749)(2,600)(2,381)(2,595)(2,217)
Operating income:3,1163,4281,850998647714
Nonoperating income (expense)6103(2)66
Investment income, nonoperating211238
Other nonoperating income (expense)493(4)3(2)
Interest and debt expense(212)(42)(370)(657)(503)(516)
Income from continuing operations before equity method investments, income taxes:2,9103,3951,483340150205
Loss from equity method investments      (0)
Income from continuing operations before income taxes:2,9103,3951,483340150205
Income tax expense (benefit)(672)(710)(197)10420151
Income from continuing operations:2,2382,6861,286349571356
Income before gain (loss) on sale of properties:2,1061,286349571356
Net income available to common stockholders, diluted:2,2382,6861,286349571356

Comprehensive Income ($ in millions)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income:2,2382,6861,286349571356
Other comprehensive loss      (1)
Comprehensive income:2,2382,6861,286349571355
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1796(5)0 
Comprehensive income, net of tax, attributable to parent:2,2542,6951,291345571355

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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