Microchip Technology Incorporated (MCHP) Financial Statements (2023 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)Annual | Quarterly
| 3/31/2022 | 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 319 | 316 | 282 | 403 | 431 | 2,197 | 1,303 | ||
| Cash and cash equivalents | 317 | 314 | 280 | 401 | 429 | 901 | 909 | ||
| Short-term investments | 2 | 2 | 2 | 2 | 2 | 1,295 | 394 | ||
| Receivables | 1,073 | 930 | 998 | 934 | 881 | 564 | 478 | ||
| Inventory, net of allowances, customer advances and progress billings | 854 | 768 | 665 | 686 | 712 | 476 | 417 | ||
| Inventory | 854 | 768 | 665 | 686 | 712 | 476 | 417 | ||
| Prepaid expense | 64 | 41 | |||||||
| Assets held-for-sale, not part of disposal group | 6 | ||||||||
| Other current assets | 206 | 187 | 201 | 195 | 192 | 56 | 59 | ||
| Total current assets: | 2,453 | 2,201 | 2,145 | 2,217 | 2,215 | 3,356 | 2,305 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 968 | 930 | 855 | 876 | 997 | 768 | 683 | ||
| Long-term investments and receivables | 107 | ||||||||
| Long-term investments | 107 | ||||||||
| Intangible assets, net (including goodwill) | 10,717 | 10,930 | 11,465 | 12,367 | 13,350 | 3,961 | 4,447 | ||
| Goodwill | 6,674 | 6,674 | 6,671 | 6,665 | 6,664 | 2,299 | 2,299 | ||
| Intangible assets, net (excluding goodwill) | 4,043 | 4,256 | 4,795 | 5,702 | 6,686 | 1,662 | 2,148 | ||
| Deferred income tax assets | 1,797 | 1,722 | 1,749 | 1,749 | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 265 | 265 | 264 | 217 | 112 | 72 | 75 | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | 100 | 69 | |||
| Other undisclosed noncurrent assets | 1,677 | ||||||||
| Total noncurrent assets: | 13,747 | 13,847 | 14,334 | 15,209 | 16,135 | 4,901 | 5,382 | ||
| TOTAL ASSETS: | 16,200 | 16,047 | 16,479 | 17,426 | 18,350 | 8,257 | 7,687 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,399 | 1,219 | 1,087 | 1,029 | 1,014 | 374 | 362 | ||
| Accounts payable | 345 | 301 | 292 | 247 | 226 | 144 | 149 | ||
| Accrued liabilities | 1,054 | 917 | 794 | 782 | 787 | 230 | 212 | ||
| Debt | 1,323 | 609 | 1,361 | 1,310 | 50 | ||||
| Other undisclosed current liabilities | 334 | 293 | |||||||
| Total current liabilities: | 1,399 | 1,219 | 2,410 | 1,637 | 2,375 | 2,017 | 704 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 7,687 | 7,869 | 7,581 | 8,873 | 8,946 | 1,758 | 2,901 | ||
| Long-term debt, excluding current maturities | 7,687 | 7,869 | 7,581 | 8,873 | 8,946 | 1,758 | 2,901 | ||
| Liabilities, other than long-term debt | 1,218 | 1,157 | 1,151 | 1,330 | 1,128 | 1,202 | 811 | ||
| Accounts payable and accrued liabilities | 705 | 674 | 690 | 668 | 756 | 755 | 185 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 206 | 409 | |||
| Deferred income tax liabilities | 40 | 41 | 44 | 319 | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 71 | ||||||||
| Restructuring reserve | 21 | ||||||||
| Other liabilities | 474 | 442 | 417 | 343 | 280 | 241 | 217 | ||
| Other undisclosed noncurrent liabilities | 614 | ||||||||
| Total noncurrent liabilities: | 8,906 | 9,025 | 8,732 | 10,203 | 10,688 | 2,960 | 3,712 | ||
| Total liabilities: | 10,305 | 10,244 | 11,142 | 11,841 | 13,063 | 4,977 | 4,416 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 5,895 | 5,803 | 5,337 | 5,586 | 5,288 | 3,280 | (14) | ||
| Common stock | 1 | 1 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (796) | (553) | (434) | (501) | (582) | (663) | (732) | ||
| Additional paid in capital | 2,536 | 2,501 | 2,403 | 2,675 | 2,680 | 2,563 | 2,537 | ||
| Accumulated other comprehensive loss | (21) | (23) | (26) | (22) | (21) | (18) | (14) | ||
| Retained earnings | 4,175 | 3,878 | 3,394 | 3,432 | 3,211 | 1,397 | 1,479 | ||
| Other undisclosed stockholders' equity attributable to parent | (3,285) | ||||||||
| Other undisclosed stockholders' equity | 3,285 | ||||||||
| Total stockholders' equity: | 5,895 | 5,803 | 5,337 | 5,586 | 5,288 | 3,280 | 3,271 | ||
| TOTAL LIABILITIES AND EQUITY: | 16,200 | 16,047 | 16,479 | 17,426 | 18,350 | 8,257 | 7,687 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 3/31/2022 | 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,821 | 6,467 | 5,438 | 5,274 | 5,350 | 3,981 | 3,408 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 3,981 | 3,408 | |
| Cost of revenue | (2,371) | (2,288) | (2,060) | (2,032) | (2,418) | (1,560) | (1,651) | |
| Cost of goods and services sold | (1,560) | (1,651) | ||||||
| Gross profit: | 4,450 | 4,180 | 3,379 | 3,242 | 2,931 | 2,421 | 1,757 | |
| Operating expenses | (2,600) | (2,368) | (2,381) | (2,595) | (2,217) | (1,484) | (1,481) | |
| Operating income: | 1,850 | 1,812 | 998 | 647 | 714 | 936 | 276 | |
| Nonoperating income (expense) | 3 | (0) | (2) | 6 | 6 | 16 | 4 | |
| Investment income, nonoperating | 1 | (0) | 2 | 3 | 8 | 22 | 3 | |
| Other nonoperating income (expense) | 3 | (0) | (4) | 3 | (2) | (6) | 1 | |
| Interest and debt expense | (370) | (573) | (657) | (503) | (516) | (215) | (190) | |
| Income from continuing operations before equity method investments, income taxes: | 1,483 | 1,238 | 340 | 150 | 205 | 738 | 90 | |
| Loss from equity method investments | (0) | (0) | (0) | |||||
| Income from continuing operations before income taxes: | 1,483 | 1,238 | 340 | 150 | 205 | 737 | 90 | |
| Income tax expense (benefit) | (197) | (512) | 10 | 420 | 151 | (482) | 81 | |
| Income from continuing operations: | 1,286 | 726 | 349 | 571 | 356 | 255 | 171 | |
| Loss from discontinued operations | (6) | |||||||
| Net income available to common stockholders, diluted: | 1,286 | 726 | 349 | 571 | 356 | 255 | 165 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 3/31/2022 | 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,286 | 726 | 349 | 571 | 356 | 255 | 165 | |
| Other comprehensive loss | (1) | (3) | (11) | |||||
| Comprehensive income: | 1,286 | 726 | 349 | 571 | 355 | 252 | 154 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 6 | (2) | (5) | 0 | ||||
| Comprehensive income, net of tax, attributable to parent: | 1,291 | 725 | 345 | 571 | 355 | 252 | 154 | |
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.