$MCHP
Microchip Technology Inc Stock $mchp

$mchp Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000082705423000132 Filed on August 03, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$2.254B	$2.289B
YoY Change	8.74%	16.55%
Cost Of Revenue	$726.9M	$730.2M
YoY Change	7.64%	11.7%
Gross Profit	$1.527B	$1.558B
YoY Change	9.26%	18.97%
Gross Profit Margin	67.75%	68.09%
Selling, General & Admin	$196.6M	$203.6M
YoY Change	-2.87%	7.78%
% of Gross Profit	12.87%	13.06%
Research & Development	$292.6M	$298.5M
YoY Change	8.94%	10.97%
% of Gross Profit	19.16%	19.15%
Depreciation & Amortization	$47.00M	$222.9M
YoY Change	-26.1%	-14.07%
% of Gross Profit	3.08%	14.3%
Operating Expenses	$642.4M	$653.6M
YoY Change	-0.06%	7.39%
Operating Profit	$885.0M	$904.8M
YoY Change	17.2%	29.02%
Interest Expense	$46.80M	-$45.70M
YoY Change	-12.2%	-190.85%
% of Operating Profit	5.29%	-5.05%
Other Income/Expense, Net	-$3.100M	$0.00
YoY Change	287.5%	-100.0%
Pretax Income	$833.6M	$848.3M
YoY Change	19.24%	31.19%
Income Tax	$167.0M	$181.9M
% Of Pretax Income	20.03%	21.44%
Net Earnings	$666.6M	$666.4M
YoY Change	22.04%	31.39%
Net Earnings / Revenue	29.57%	29.12%
Basic Earnings Per Share	$1.23	$1.22
Diluted Earnings Per Share	$1.21	$1.21
COMMON SHARES
Basic Shares Outstanding	544.3M shares	545.4M shares
Diluted Shares Outstanding	549.2M shares	551.4M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$257.0M	$271.2M
YoY Change	-16.23%	-28.46%
Cash & Equivalents	$256.6M	$271.2M
Short-Term Investments
Other Short-Term Assets	$232.7M	$197.0M
YoY Change	13.13%	-4.97%
Inventory	$1.331B	$1.336B
Prepaid Expenses
Receivables	$1.706B	$1.452B
Other Receivables	$12.00M	$13.30M
Total Short-Term Assets	$3.526B	$3.270B
YoY Change	31.78%	23.7%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.207B	$1.186B
YoY Change	10.9%	19.18%
Goodwill	$6.675B	$6.675B
YoY Change	0.03%	0.03%
Intangibles	$3.089B	$3.253B
YoY Change	-16.63%	-15.94%
Long-Term Investments
YoY Change
Other Assets	$527.9M	$2.111B
YoY Change	72.52%	655.04%
Total Long-Term Assets	$13.08B	$13.22B
YoY Change	-2.9%	-2.51%
TOTAL ASSETS
Total Short-Term Assets	$3.526B	$3.270B
Total Long-Term Assets	$13.08B	$13.22B
Total Assets	$16.60B	$16.49B
YoY Change	2.85%	1.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$283.5M	$281.3M
YoY Change	-25.36%	-7.68%
Accrued Expenses	$1.468B	$1.187B
YoY Change	26.55%	0.53%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.661B	$1.399B
YoY Change	66.34%
Total Short-Term Liabilities	$3.413B	$3.220B
YoY Change	34.44%	116.75%
LONG-TERM LIABILITIES
Long-Term Debt	$4.415B	$4.632B
YoY Change	-29.98%	-38.76%
Other Long-Term Liabilities	$1.093B	$1.769B
YoY Change	124.71%	307.46%
Total Long-Term Liabilities	$5.508B	$6.401B
YoY Change	-18.9%	-19.96%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.413B	$3.220B
Total Long-Term Liabilities	$5.508B	$6.401B
Total Liabilities	$8.920B	$9.663B
YoY Change	-4.39%	1.9%
SHAREHOLDERS EQUITY
Retained Earnings	$6.666B	$6.222B
YoY Change	34.49%	35.96%
Common Stock	$2.415B	$2.401B
YoY Change	2.5%	0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$2.109B	$1.787B
YoY Change	76.16%	83.25%
Treasury Stock Shares
Shareholders Equity	$6.969B	$6.831B
YoY Change
Total Liabilities & Shareholders Equity	$16.60B	$16.49B
YoY Change	2.85%	1.77%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	$666.6M	$666.4M
YoY Change	22.04%	31.39%
Depreciation, Depletion And Amortization	$47.00M	$222.9M
YoY Change	-26.1%	-14.07%
Cash From Operating Activities	$616.2M	$993.2M
YoY Change	-22.31%	18.18%
INVESTING ACTIVITIES
Capital Expenditures	$74.40M	$111.1M
YoY Change	-167.45%	-8.86%
Acquisitions
YoY Change
Other Investing Activities	-$19.40M	-$29.80M
YoY Change	-5.37%	-6.58%
Cash From Investing Activities	-$93.80M	-$140.9M
YoY Change	-28.29%	-8.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-537.0M	-815.1M
YoY Change	-26.91%	30.02%
NET CHANGE
Cash From Operating Activities	616.2M	993.2M
Cash From Investing Activities	-93.80M	-140.9M
Cash From Financing Activities	-537.0M	-815.1M
Net Change In Cash	-14.60M	37.20M
YoY Change	-79.81%	-37.69%
FREE CASH FLOW
Cash From Operating Activities	$616.2M	$993.2M
Capital Expenditures	$74.40M	$111.1M
Free Cash Flow	$541.8M	$882.1M
YoY Change	-40.03%	22.77%

Facts In Submission

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CY2023Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-31
CY2023Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2023Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q2	dei	Amendment Flag AmendmentFlag	false
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CY2023Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	100000	usd
CY2022Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	200000	usd
CY2023Q2	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	30100000	usd
CY2022Q2	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	32300000	usd
CY2023Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	111100000	usd
CY2022Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	121900000	usd
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CY2022Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-153800000	usd
CY2023Q2	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	1000000000	usd
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CY2023Q2	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	90100000	usd
CY2022Q2	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	73500000	usd
CY2023Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	15300000	usd
CY2022Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	13400000	usd
CY2023Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	15700000	usd
CY2022Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	19400000	usd
CY2023Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	140300000	usd
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CY2023Q2	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	400000	usd
CY2022Q2	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	200000	usd
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CY2023Q2	us-gaap	Purchase Obligation Due In Second Year PurchaseObligationDueInSecondYear	217400000	usd
CY2023Q2	us-gaap	Purchase Obligation Due In Third Year PurchaseObligationDueInThirdYear	195600000	usd
CY2023Q2	us-gaap	Purchase Obligation Due In Fourth Year PurchaseObligationDueInFourthYear	171000000.0	usd
CY2023Q2	mchp	Purchase Obligation To Be Paid Year After Year Four PurchaseObligationToBePaidYearAfterYearFour	196300000	usd
CY2023Q2	us-gaap	Purchase Obligation PurchaseObligation	1705900000	usd
CY2023Q2	us-gaap	Loss Contingency Range Of Possible Loss Portion Not Accrued LossContingencyRangeOfPossibleLossPortionNotAccrued	150000000	usd
CY2023Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	44500000	usd
CY2022Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	41200000	usd
CY2023Q2	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	9400000	usd
CY2022Q2	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	8800000	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	35100000	usd
CY2022Q2	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	32400000	usd
CY2021Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	4000000000	usd
CY2023Q2	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	1800000	shares
CY2023Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	141200000	usd
CY2023Q2	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	2490000000	usd
CY2023Q2	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	33500000	shares
CY2023Q2	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.383
CY2023Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	208900000	usd
CY2023Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0000827054-23-000132-index-headers.html	Edgar Link	pending
0000827054-23-000132-index.html	Edgar Link	pending
0000827054-23-000132.txt	Edgar Link	pending
0000827054-23-000132-xbrl.zip	Edgar Link	pending
ex101q1fy24.htm	Edgar Link	pending
ex102q1fy24.htm	Edgar Link	pending
ex311q1fy24.htm	Edgar Link	pending
ex312q1fy24.htm	Edgar Link	pending
ex32q1fy24.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
mchp-20230630.htm	Edgar Link	pending
mchp-20230630.xsd	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
mchp-20230630_cal.xml	Edgar Link	unprocessable
mchp-20230630_g1.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
mchp-20230630_lab.xml	Edgar Link	unprocessable
mchp-20230630_pre.xml	Edgar Link	unprocessable
mchp-20230630_htm.xml	Edgar Link	completed
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
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R57.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
mchp-20230630_def.xml	Edgar Link	unprocessable

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$MCHP
Microchip Technology Inc Stock $mchp

2023 Q3 Form 10-Q Financial Statement

#000082705423000132 Filed on August 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MCHP Microchip Technology Inc Stock $mchp

2023 Q3 Form 10-Q Financial Statement

#000082705423000132 Filed on August 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MCHP
Microchip Technology Inc Stock $mchp