$MCHP
Microchip Technology Inc Stock $mchp

$mchp Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000082705423000185 Filed on November 02, 2023

Income Statement

Concept	2023 Q4	2023 Q3
Revenue	$1.766B	$2.254B
YoY Change	-18.6%	8.74%
Cost Of Revenue	$645.7M	$726.9M
YoY Change	-7.55%	7.64%
Gross Profit	$1.120B	$1.527B
YoY Change	-23.85%	9.26%
Gross Profit Margin	63.43%	67.75%
Selling, General & Admin	$172.2M	$196.6M
YoY Change	-15.13%	-2.87%
% of Gross Profit	15.38%	12.87%
Research & Development	$266.0M	$292.6M
YoY Change	-5.81%	8.94%
% of Gross Profit	23.75%	19.16%
Depreciation & Amortization	$47.10M	$47.00M
YoY Change	-14.83%	-26.1%
% of Gross Profit	4.21%	3.08%
Operating Expenses	$590.6M	$642.4M
YoY Change	-10.41%	-0.06%
Operating Profit	$529.4M	$885.0M
YoY Change	-34.77%	17.2%
Interest Expense	$49.20M	$46.80M
YoY Change	-6.82%	-12.2%
% of Operating Profit	9.29%	5.29%
Other Income/Expense, Net	$2.100M	-$3.100M
YoY Change	-19.23%	287.5%
Pretax Income	$484.3M	$833.6M
YoY Change	-36.46%	19.24%
Income Tax	$65.10M	$167.0M
% Of Pretax Income	13.44%	20.03%
Net Earnings	$419.2M	$666.6M
YoY Change	-27.76%	22.04%
Net Earnings / Revenue	23.74%	29.57%
Basic Earnings Per Share	$0.78	$1.23
Diluted Earnings Per Share	$0.77	$1.21
COMMON SHARES
Basic Shares Outstanding	541.0M shares	544.3M shares
Diluted Shares Outstanding	546.5M shares	549.2M shares

Balance Sheet

Concept	2023 Q4	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$281.0M	$257.0M
YoY Change	-2.73%	-16.23%
Cash & Equivalents	$281.0M	$256.6M
Short-Term Investments
Other Short-Term Assets	$229.4M	$232.7M
YoY Change	12.23%	13.13%
Inventory	$1.311B	$1.331B
Prepaid Expenses
Receivables	$1.398B	$1.706B
Other Receivables	$13.50M	$12.00M
Total Short-Term Assets	$3.220B	$3.526B
YoY Change	13.62%	31.78%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.208B	$1.207B
YoY Change	8.49%	10.9%
Goodwill	$6.675B	$6.675B
YoY Change	0.03%	0.03%
Intangibles	$2.937B	$3.089B
YoY Change	-17.16%	-16.63%
Long-Term Investments
YoY Change
Other Assets	$565.0M	$527.9M
YoY Change	76.4%	72.52%
Total Long-Term Assets	$12.92B	$13.08B
YoY Change	-2.7%	-2.9%
TOTAL ASSETS
Total Short-Term Assets	$3.220B	$3.526B
Total Long-Term Assets	$12.92B	$13.08B
Total Assets	$16.14B	$16.60B
YoY Change	0.17%	2.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$242.2M	$283.5M
YoY Change	-31.74%	-25.36%
Accrued Expenses	$1.389B	$1.468B
YoY Change	10.55%	26.55%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.662B	$1.661B
YoY Change		66.34%
Total Short-Term Liabilities	$3.293B	$3.413B
YoY Change	104.41%	34.44%
LONG-TERM LIABILITIES
Long-Term Debt	$4.033B	$4.415B
YoY Change	-38.78%	-29.98%
Other Long-Term Liabilities	$1.068B	$1.093B
YoY Change	18.15%	124.71%
Total Long-Term Liabilities	$5.102B	$5.508B
YoY Change	-31.91%	-18.9%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.293B	$3.413B
Total Long-Term Liabilities	$5.102B	$5.508B
Total Liabilities	$8.395B	$8.920B
YoY Change	-7.79%	-4.39%
SHAREHOLDERS EQUITY
Retained Earnings	$6.847B	$6.666B
YoY Change	27.84%	34.49%
Common Stock	$2.446B	$2.415B
YoY Change	2.75%	2.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$2.209B	$2.109B
YoY Change	56.88%	76.16%
Treasury Stock Shares
Shareholders Equity	$7.080B	$6.969B
YoY Change
Total Liabilities & Shareholders Equity	$16.14B	$16.60B
YoY Change	0.17%	2.85%

Cashflow Statement

Concept	2023 Q4	2023 Q3
OPERATING ACTIVITIES
Net Income	$419.2M	$666.6M
YoY Change	-27.76%	22.04%
Depreciation, Depletion And Amortization	$47.10M	$47.00M
YoY Change	-14.83%	-26.1%
Cash From Operating Activities	$853.3M	$616.2M
YoY Change	-33.23%	-22.31%
INVESTING ACTIVITIES
Capital Expenditures	$59.50M	$74.40M
YoY Change	-57.89%	-167.45%
Acquisitions
YoY Change
Other Investing Activities	-$26.70M	-$19.40M
YoY Change	17.11%	-5.37%
Cash From Investing Activities	-$86.20M	-$93.80M
YoY Change	-47.47%	-28.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-742.7M	-537.0M
YoY Change	-34.26%	-26.91%
NET CHANGE
Cash From Operating Activities	853.3M	616.2M
Cash From Investing Activities	-86.20M	-93.80M
Cash From Financing Activities	-742.7M	-537.0M
Net Change In Cash	24.40M	-14.60M
YoY Change	-253.46%	-79.81%
FREE CASH FLOW
Cash From Operating Activities	$853.3M	$616.2M
Capital Expenditures	$59.50M	$74.40M
Free Cash Flow	$793.8M	$541.8M
YoY Change	-30.16%	-40.03%

Facts In Submission

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CY2023Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1706200000	usd
CY2023Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1305300000	usd
CY2023Q3	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	181600000	usd
CY2023Q1	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	192600000	usd
CY2023Q3	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	859600000	usd
CY2023Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	809800000	usd
CY2023Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	289700000	usd
CY2023Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	322500000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	1330900000	usd
CY2023Q1	us-gaap	Inventory Net InventoryNet	1324900000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3952400000	usd
CY2023Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3829100000	usd
CY2023Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2745500000	usd
CY2023Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2651200000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1206900000	usd
CY2023Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1177900000	usd
CY2023Q3	us-gaap	Depreciation Depreciation	47000000	usd
	us-gaap	Depreciation Depreciation	97500000	usd
CY2022Q3	us-gaap	Depreciation Depreciation	63600000	usd
	us-gaap	Depreciation Depreciation	135300000	usd
CY2023Q3	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	182100000	usd
CY2023Q1	us-gaap	Accrued Employee Benefits Current AccruedEmployeeBenefitsCurrent	193500000	usd
CY2023Q3	us-gaap	Taxes Payable Current TaxesPayableCurrent	107900000	usd
CY2023Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	106200000	usd
CY2023Q3	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	175700000	usd
CY2023Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	121400000	usd
CY2023Q3	mchp	Sales Related Reserves SalesRelatedReserves	727200000	usd
CY2023Q1	mchp	Sales Related Reserves SalesRelatedReserves	536100000	usd
CY2023Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	32300000	usd
CY2023Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	31500000	usd
CY2023Q3	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	242800000	usd
CY2023Q1	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	334800000	usd
CY2023Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1468000000	usd
CY2023Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1323500000	usd
CY2023Q3	us-gaap	Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear	586900000	usd
CY2023Q3	us-gaap	Purchase Obligation Due In Next Twelve Months PurchaseObligationDueInNextTwelveMonths	219700000	usd
CY2023Q3	us-gaap	Purchase Obligation Due In Second Year PurchaseObligationDueInSecondYear	231400000	usd
CY2023Q3	us-gaap	Purchase Obligation Due In Third Year PurchaseObligationDueInThirdYear	196900000	usd
CY2023Q3	us-gaap	Purchase Obligation Due In Fourth Year PurchaseObligationDueInFourthYear	171000000.0	usd
CY2023Q3	mchp	Purchase Obligation To Be Paid Year After Year Four PurchaseObligationToBePaidYearAfterYearFour	196300000	usd
CY2023Q3	us-gaap	Purchase Obligation PurchaseObligation	1602200000	usd
CY2023Q3	us-gaap	Loss Contingency Range Of Possible Loss Portion Not Accrued LossContingencyRangeOfPossibleLossPortionNotAccrued	150000000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.2068
CY2023Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	45400000	usd
CY2022Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	41300000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	89900000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	82500000	usd
CY2023Q3	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	9600000	usd
CY2022Q3	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	8800000	usd
	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	19000000.0	usd
	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	17600000	usd
CY2023Q3	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	35800000	usd
CY2022Q3	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	32500000	usd
	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	70900000	usd
	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	64900000	usd
CY2021Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	4000000000	usd
CY2023Q3	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	4200000	shares
	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	6000000	shares
CY2023Q3	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	342300000	usd
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	483500000	usd
CY2023Q3	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	2150000000	usd
CY2023Q3	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	36800000	shares
CY2023Q3	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.410
CY2023Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	222700000	usd
CY2023Q3	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q3	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q3	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q3	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0000827054-23-000185-index-headers.html	Edgar Link	pending
0000827054-23-000185-index.html	Edgar Link	pending
0000827054-23-000185.txt	Edgar Link	pending
0000827054-23-000185-xbrl.zip	Edgar Link	pending
ex104q2fy24.htm	Edgar Link	pending
ex311q2fy24.htm	Edgar Link	pending
ex312q2fy24.htm	Edgar Link	pending
ex32q2fy24.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_0.jpg	Edgar Link	pending
mchp-20230930.htm	Edgar Link	pending
mchp-20230930.xsd	Edgar Link	pending
mchp-20230930_g1.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
mchp-20230930_cal.xml	Edgar Link	unprocessable
mchp-20230930_def.xml	Edgar Link	unprocessable
mchp-20230930_lab.xml	Edgar Link	unprocessable
mchp-20230930_pre.xml	Edgar Link	unprocessable
mchp-20230930_htm.xml	Edgar Link	completed
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
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R60.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

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$MCHP
Microchip Technology Inc Stock $mchp

2023 Q4 Form 10-Q Financial Statement

#000082705423000185 Filed on November 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MCHP Microchip Technology Inc Stock $mchp

2023 Q4 Form 10-Q Financial Statement

#000082705423000185 Filed on November 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MCHP
Microchip Technology Inc Stock $mchp