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)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3162824034312,1971,3032,446
Cash and cash equivalents3142804014299019092,093
Short-term investments22221,295394353
Receivables930998934881564478290
Inventory, net of allowances, customer advances and progress billings768665686712476417307
Inventory768665686712476417307
Prepaid expense    644142
Assets held-for-sale, not part of disposal group     6 
Other current assets187201195192565912
Total current assets:2,2012,1452,2172,2153,3562,3053,097
Noncurrent Assets
Property, plant and equipment930855876997768683609
Long-term investments and receivables     107119
Long-term investments     107119
Intangible assets, net (including goodwill)10,93011,46512,36713,3503,9614,4471,619
Goodwill6,6746,6716,6656,6642,2992,2991,013
Intangible assets, net (excluding goodwill)4,2564,7955,7026,6861,6622,148606
Deferred income tax assets1,7221,7491,749
Other noncurrent assets2652642171127275109
Deferred tax assets, net 10069 
Other undisclosed noncurrent assets   1,677  15
Total noncurrent assets:13,84714,33415,20916,1354,9015,3822,471
TOTAL ASSETS:16,04716,47917,42618,3508,2577,6875,568
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2191,0871,0291,014374362199
Accounts payable30129224722614414979
Accrued liabilities917794782787230212119
Debt 1,3236091,3611,31050 
Other undisclosed current liabilities    334293183
Total current liabilities:1,2192,4101,6372,3752,017704382
Noncurrent Liabilities
Long-term debt and lease obligation7,8697,5818,8738,9461,7582,9012,483
Long-term debt, excluding current maturities7,8697,5818,8738,9461,7582,9012,483
Liabilities, other than long-term debt1,1571,1511,3301,1281,202811152
Accounts payable and accrued liabilities674690668756755185111
Deferred tax liabilities, net 206409 
Deferred income tax liabilities4144319
Liability, pension and other postretirement and postemployment benefits   71   
Restructuring reserve   21   
Other liabilities44241734328024121741
Other undisclosed noncurrent liabilities   614  399
Total noncurrent liabilities:9,0258,73210,20310,6882,9603,7123,035
Total liabilities:10,24411,14211,84113,0634,9774,4163,417
Stockholders' equity
Stockholders' equity attributable to parent, including:5,8035,3375,5865,2883,280(14)2,151
Common stock1000000
Treasury stock, value(553)(434)(501)(582)(663)(732)(820)
Additional paid in capital2,5012,4032,6752,6802,5632,5371,392
Accumulated other comprehensive loss(23)(26)(22)(21)(18)(14)(3)
Retained earnings3,8783,3943,4323,2111,3971,4791,583
Other undisclosed stockholders' equity attributable to parent     (3,285) 
Other undisclosed stockholders' equity     3,285 
Total stockholders' equity:5,8035,3375,5865,2883,2803,2712,151
TOTAL LIABILITIES AND EQUITY:16,04716,47917,42618,3508,2577,6875,568

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues6,4675,4385,2745,3503,9813,4082,173
Revenue, net3,9813,4082,173
Cost of revenue(2,288)(2,060)(2,032)(2,418)(1,560)(1,651)(968)
Cost of goods and services sold    (1,560)(1,651)(968)
Gross profit:4,1803,3793,2422,9312,4211,7571,205
Operating expenses(2,368)(2,381)(2,595)(2,217)(1,484)(1,481)(853)
Operating income:1,812998647714936276352
Nonoperating income (expense)(0)(2)6616433
Investment income, nonoperating(0)23822324
Other nonoperating income (expense)(0)(4)3(2)(6)19
Interest and debt expense(573)(657)(503)(516)(215)(190)(104)
Income from continuing operations before equity method investments, income taxes:1,23834015020573890282
Loss from equity method investments   (0)(0)(0)(0)
Income from continuing operations before income taxes:1,23834015020573790281
Income tax expense (benefit)(512)10420151(482)8143
Income from continuing operations:726349571356255171324
Loss from discontinued operations     (6) 
Net income:726349571356255165324
Net income attributable to noncontrolling interest      0
Net income available to common stockholders, diluted:726349571356255165324

Comprehensive Income ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income:726349571356255165324
Other comprehensive loss   (1)(3)(11)(14)
Comprehensive income:726349571355252154310
Comprehensive income, net of tax, attributable to noncontrolling interest      0
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)(5)0    
Comprehensive income, net of tax, attributable to parent:725345571355252154310

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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