Microchip Technology Incorporated (MCHP) financial statements (2021 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)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3734034312,1971,3032,4461,959
Cash and cash equivalents3714014299019092,093608
Short-term investments2221,2953943531,351
Receivables894934881564478290274
Inventory, net of allowances, customer advances and progress billings666686712476417307279
Inventory666686712476417307279
Prepaid expense   64414235
Deferred costs      95
Assets held-for-sale, not part of disposal group    6 14
Other current assets22019519256591233
Other undisclosed current assets      (24)
Total current assets:2,1532,2172,2153,3562,3053,0972,665
Noncurrent Assets
Property, plant and equipment827876997768683609582
Long-term investments and receivables    107119383
Long-term investments    107119383
Intangible assets, net (including goodwill)11,69612,36713,3503,9614,4471,6191,076
Goodwill6,6716,6656,6642,2992,2991,013571
Intangible assets, net (excluding goodwill)5,0265,7026,6861,6622,148606504
Deferred income tax assets1,6281,749
Other noncurrent assets271217112727510976
Deferred tax assets, net 10069  
Other undisclosed noncurrent assets  1,677  15 
Total noncurrent assets:14,42415,20916,1354,9015,3822,4712,116
TOTAL ASSETS:16,57617,42618,3508,2577,6875,5684,781
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0291,0291,014374362199188
Accounts payable2602472261441497987
Accrued liabilities769782787230212119101
Debt1,4936091,3611,31050  
Deferred revenue and credits   261
Other undisclosed current liabilities   334293183(95)
Total current liabilities:2,5221,6372,3752,017704382354
Noncurrent Liabilities
Long-term debt and lease obligation7,6488,8738,9461,7582,9012,4831,827
Long-term debt, excluding current maturities7,6488,8738,9461,7582,9012,4831,827
Liabilities, other than long-term debt1,1091,3301,1281,202811152539
Accounts payable and accrued liabilities670668756755185111114
Deferred tax liabilities, net 206409 381
Deferred income tax liabilities10319
Liability, pension and other postretirement and postemployment benefits  71    
Restructuring reserve  21    
Other liabilities4303432802412174143
Other undisclosed noncurrent liabilities  614  399 
Total noncurrent liabilities:8,75710,20310,6882,9603,7123,0352,366
Total liabilities:11,27911,84113,0634,9774,4163,4172,720
Stockholders' equity
Stockholders' equity attributable to parent, including:5,2975,5865,2883,280(14)2,1512,045
Common stock0000000
Treasury stock, value(450)(501)(582)(663)(732)(820)(516)
Additional paid in capital2,3852,6752,6802,5632,5371,3921,000
Accumulated other comprehensive income (loss)(22)(22)(21)(18)(14)(3)11
Retained earnings3,3843,4323,2111,3971,4791,5831,550
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:5,2975,5865,2883,2803,2712,1512,061
TOTAL LIABILITIES AND EQUITY:16,57617,42618,3508,2577,6875,5684,781

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues5,2265,2745,3503,9813,4082,1732,147
Revenue, net3,9813,4082,1732,147
Cost of revenue(1,643)(2,032)(2,418)(1,560)(1,651)(968)(917)
Cost of goods and services sold   (1,560)(1,651)(968)(917)
Gross profit:3,5833,2422,9312,4211,7571,2051,230
Operating expenses(2,676)(2,595)(2,217)(1,484)(1,481)(853)(804)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
      (3)
Other undisclosed operating income      3
Operating income:908647714936276352426
Nonoperating income9661643344
Investment income, nonoperating(4)382232438
Foreign currency transaction loss, before tax      (8)
Other nonoperating income (expense)133(2)(6)1914
Interest and debt expense(625)(503)(516)(215)(190)(104)(113)
Income from continuing operations before equity method investments, income taxes:29215020573890282357
Loss from equity method investments  (0)(0)(0)(0)(0)
Other undisclosed income (loss) from continuing operations before income taxes0     (11)
Income from continuing operations before income taxes:29215020573790281346
Income tax expense (benefit)331420151(482)814319
Income from continuing operations:623571356255171324365
Loss from discontinued operations    (6)  
Net income:623571356255165324365
Net income attributable to noncontrolling interest     04
Net income available to common stockholders, diluted:623571356255165324369

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income:623571356255165324365
Other comprehensive income (loss)  (1)(3)(11)(14)10
Other undisclosed comprehensive loss(2)      
Comprehensive income:621571355252154310375
Comprehensive income, net of tax, attributable to noncontrolling interest     05
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)0     
Comprehensive income, net of tax, attributable to parent:620571355252154310380

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.

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