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)

3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments281257271234289307
Cash and cash equivalents281257271234289305
Short-term investments      2
Receivables1,3981,7061,4651,3051,1751,133
Inventory, net of allowances, customer advances and progress billings1,3111,3311,3361,3251,1651,030
Inventory1,3111,3311,3361,3251,1651,030
Other current assets229233197205204206
Total current assets:3,2203,5263,2703,0692,8342,676
Noncurrent Assets
Property, plant and equipment1,2081,2071,1861,1781,1141,088
Intangible assets, net (including goodwill)9,6129,7649,92810,04310,21810,379
Goodwill6,6756,6756,6756,6746,6746,674
Intangible assets, net (excluding goodwill)2,9373,0893,2533,3693,5453,705
Deferred income tax assets1,5381,5761,6041,6231,6301,692
Other noncurrent assets565528507457320306
Total noncurrent assets:12,92313,07513,22513,30113,28213,465
TOTAL ASSETS:16,14316,60116,49516,37016,11616,141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6311,7521,8211,7201,6111,854
Taxes payable116
Employee-related liabilities198
Accounts payable242284281397355380
Accrued liabilities1,3891,4681,5401,3241,2561,160
Debt1,6621,6611,3991,398 999
Other undisclosed current liabilities      (314)
Total current liabilities:3,2933,4133,2203,1191,6112,538
Noncurrent Liabilities
Long-term debt and lease obligation4,0334,4154,6325,0426,5896,305
Long-term debt, excluding current maturities4,0334,4154,6325,0426,5896,305
Liabilities, other than long-term debt1,7361,8061,8121,6961,6051,195
Accounts payable and accrued liabilities635679719706660667
Deferred income tax liabilities333442434042
Other liabilities1,0681,0931,050948904486
Total noncurrent liabilities:5,7706,2206,4446,7388,1937,500
Total liabilities:9,0639,6339,6639,8579,80510,038
Equity
Equity, attributable to parent7,0806,9696,8316,5146,3126,103
Common stock111111
Treasury stock, value(2,209)(2,109)(1,787)(1,660)(1,408)(1,197)
Additional paid in capital2,4462,4152,4002,4132,3802,356
Accumulated other comprehensive loss(5)(3)(4)(4)(18)(12)
Retained earnings6,8476,6666,2225,7645,3564,956
Total equity:7,0806,9696,8316,5146,3126,103
TOTAL LIABILITIES AND EQUITY:16,14316,60116,49516,37016,11616,141

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

3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
Revenues1,7662,2542,2893,4622,1692,073
Cost of revenue(646)(727)(730)(993)(698)(675)
Gross profit:1,1201,5271,5582,4691,4711,398
Operating expenses(591)(642)(655)(653)(659)(643)
Operating income:5298859031,816812755
Nonoperating income (expense)4(2)223(1)
Investment income, nonoperating222210
Other nonoperating income (expense)2(3) 03(1)
Interest and debt expense(49)(50)(56)89(53)(55)
Income from continuing operations before income taxes:4848348481,906762699
Income tax expense (benefit)(65)(167)(182)(516)(182)(153)
Income from continuing operations:4196676661,390580546
Income before gain (loss) on sale of properties:546
Net income available to common stockholders, diluted:4196676661,390580546

Comprehensive Income ($ in millions)

3/31/2024
Q4
12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
Net income:4196676661,390580546
Comprehensive income:4196676661,390580546
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)2(0)14(6)5
Comprehensive income, net of tax, attributable to parent:4176686661,404574551

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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