Microchip Technology Incorporated (MCHP) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4024312,1971,3032,4461,9591,345
Cash and cash equivalents3974299019092,093608467
Short-term investments521,2953943531,351878
Receivables808881564478290274242
Inventory, net of allowances, customer advances and progress billings709712476417307279263
Inventory709712476417307279263
Prepaid expense  6441423532
Deferred costs     9575
Assets held-for-sale, not part of disposal group   6 14
Other current assets1851925659123320
Other undisclosed current assets     (24)(8)
Total current assets:2,1042,2153,3562,3053,0972,6651,969
Noncurrent Assets
Property, plant and equipment910997768683609582532
Long-term investments and receivables   107119383799
Long-term investments   107119383799
Intangible assets, net (including goodwill)12,60413,3503,9614,4471,6191,076722
Goodwill6,6656,6642,2992,2991,013571276
Intangible assets, net (excluding goodwill)5,9406,6861,6622,148606504445
Deferred income tax assets1,738
Other noncurrent assets23211272751097646
Deferred tax assets, net 10069   
Other undisclosed noncurrent assets 1,677  15  
Total noncurrent assets:15,48516,1354,9015,3822,4712,1162,098
TOTAL ASSETS:17,58918,3508,2577,6875,5684,7814,068
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9361,014374362199188171
Accounts payable209226144149798774
Accrued liabilities72778723021211910197
Debt1,4011,3611,31050  18
Deferred revenue and credits   261223
Other undisclosed current liabilities  334293183(95)(75)
Total current liabilities:2,3372,3752,017704382354336
Noncurrent Liabilities
Long-term debt and lease obligation8,1808,9461,7582,9012,4831,8271,003
Long-term debt, excluding current maturities8,1808,9461,7582,9012,4831,8271,003
Liabilities, other than long-term debt1,4561,1281,202811152539593
Accounts payable and accrued liabilities711756755185111114 
Accrued income taxes180
Deferred tax liabilities, net 206409 381375
Deferred income tax liabilities386
Liability, pension and other postretirement and postemployment benefits 71    
Restructuring reserve 21     
Other liabilities358280241217414338
Other undisclosed noncurrent liabilities 614  399  
Total noncurrent liabilities:9,63510,6882,9603,7123,0352,3661,596
Total liabilities:11,97213,0634,9774,4163,4172,7201,932
Stockholders' equity
Stockholders' equity attributable to parent, including:5,6175,2883,280(14)2,1512,0452,135
Common stock0000000
Treasury stock, value(521)(582)(663)(732)(820)(516)(577)
Additional paid in capital2,7392,6802,5632,5371,3921,0001,245
Accumulated other comprehensive income (loss)(22)(21)(18)(14)(3)111
Retained earnings3,4213,2111,3971,4791,5831,5501,467
Other undisclosed stockholders' equity attributable to parent   (3,285)   
Stockholders' equity attributable to noncontrolling interest     16 
Other undisclosed stockholders' equity   3,285   
Total stockholders' equity:5,6175,2883,2803,2712,1512,0612,135
TOTAL LIABILITIES AND EQUITY:17,58918,3508,2577,6875,5684,7814,068

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues5,2785,3503,9813,4082,1732,1471,931
Revenue, net3,9813,4082,1732,1471,931
Cost of revenue(2,029)(2,418)(1,560)(1,651)(968)(917)(802)
Cost of goods and services sold  (1,560)(1,651)(968)(917)(802)
Gross profit:3,2492,9312,4211,7571,2051,2301,129
Operating expenses(2,478)(2,217)(1,484)(1,481)(853)(804)(670)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
     (3)(3)
Other undisclosed operating income     33
Operating income:771714936276352426459
Nonoperating income136164334422
Investment income, nonoperating38223243816
Foreign currency transaction loss, before tax     (8) 
Other nonoperating income (expense)10(2)(6)19146
Interest and debt expense(528)(516)(215)(190)(104)(113)(49)
Income from continuing operations before equity method investments, income taxes:25620573890282357433
Loss from equity method investments (0)(0)(0)(0)(0)(0)
Other undisclosed loss from continuing operations before income taxes     (11) 
Income from continuing operations before income taxes:25620573790281346432
Income tax expense (benefit)390151(482)814319(37)
Income from continuing operations:645356255171324365395
Loss from discontinued operations   (6)   
Net income:645356255165324365395
Net income attributable to noncontrolling interest    04 
Net income available to common stockholders, diluted:645356255165324369395

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income:645356255165324365395
Other comprehensive income (loss)(4)(1)(3)(11)(14)10(6)
Comprehensive income:641355252154310375389
Comprehensive income, net of tax, attributable to noncontrolling interest    05 
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income, net of tax, attributable to parent:642355252154310380389

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: