$MCHP
Microchip Technology Inc

2024 Q4 Form 10-Q Financial Statement

#000082705424000206 Filed on November 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $1.164B
YoY Change -48.37%
Cost Of Revenue $495.3M
YoY Change -31.86%
Gross Profit $668.5M
YoY Change -56.23%
Gross Profit Margin 57.44%
Selling, General & Admin $157.0M
YoY Change -20.14%
% of Gross Profit 23.49%
Research & Development $240.7M
YoY Change -17.74%
% of Gross Profit 36.01%
Depreciation & Amortization $41.20M
YoY Change -12.34%
% of Gross Profit 6.16%
Operating Expenses $521.9M
YoY Change -18.76%
Operating Profit $146.6M
YoY Change -83.44%
Interest Expense $59.10M
YoY Change 26.28%
% of Operating Profit 40.31%
Other Income/Expense, Net $2.000M
YoY Change -164.52%
Pretax Income $91.50M
YoY Change -89.02%
Income Tax $13.10M
% Of Pretax Income 14.32%
Net Earnings $78.40M
YoY Change -88.24%
Net Earnings / Revenue 6.74%
Basic Earnings Per Share $0.15
Diluted Earnings Per Share $0.14
COMMON SHARES
Basic Shares Outstanding 537.0M shares 536.5M shares
Diluted Shares Outstanding 542.0M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $286.1M
YoY Change 11.32%
Cash & Equivalents $286.1M
Short-Term Investments
Other Short-Term Assets $235.5M
YoY Change 1.2%
Inventory $1.340B
Prepaid Expenses
Receivables $1.044B
Other Receivables $10.70M
Total Short-Term Assets $2.906B
YoY Change -17.61%
LONG-TERM ASSETS
Property, Plant & Equipment $1.171B
YoY Change -2.96%
Goodwill $6.682B
YoY Change 0.1%
Intangibles $2.655B
YoY Change -14.06%
Long-Term Investments
YoY Change
Other Assets $571.7M
YoY Change 8.3%
Total Long-Term Assets $12.72B
YoY Change -2.74%
TOTAL ASSETS
Total Short-Term Assets $2.906B
Total Long-Term Assets $12.72B
Total Assets $15.62B
YoY Change -5.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $204.2M
YoY Change -27.97%
Accrued Expenses $1.135B
YoY Change -22.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $1.946B
YoY Change 17.17%
Total Short-Term Liabilities $3.286B
YoY Change -3.72%
LONG-TERM LIABILITIES
Long-Term Debt $4.477B
YoY Change 1.4%
Other Long-Term Liabilities $963.9M
YoY Change -11.81%
Total Long-Term Liabilities $5.441B
YoY Change -1.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.286B
Total Long-Term Liabilities $5.441B
Total Liabilities $8.726B
YoY Change -2.18%
SHAREHOLDERS EQUITY
Retained Earnings $6.481B
YoY Change -2.77%
Common Stock $2.446B
YoY Change 1.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.643B
YoY Change 25.32%
Treasury Stock Shares
Shareholders Equity $6.276B
YoY Change
Total Liabilities & Shareholders Equity $15.62B
YoY Change -5.9%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $78.40M
YoY Change -88.24%
Depreciation, Depletion And Amortization $41.20M
YoY Change -12.34%
Cash From Operating Activities $43.60M
YoY Change -92.92%
INVESTING ACTIVITIES
Capital Expenditures $20.80M
YoY Change -72.04%
Acquisitions
YoY Change
Other Investing Activities -$43.40M
YoY Change 123.71%
Cash From Investing Activities -$64.20M
YoY Change -31.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.400M
YoY Change -98.44%
NET CHANGE
Cash From Operating Activities 43.60M
Cash From Investing Activities -64.20M
Cash From Financing Activities -8.400M
Net Change In Cash -29.00M
YoY Change 98.63%
FREE CASH FLOW
Cash From Operating Activities $43.60M
Capital Expenditures $20.80M
Free Cash Flow $22.80M
YoY Change -95.79%

Facts In Submission

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OperatingLeaseLiabilityCurrent
32600000 usd
CY2024Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
241300000 usd
CY2024Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
223400000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1135200000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1307000000 usd
CY2024Q3 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
310300000 usd
CY2024Q3 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
219400000 usd
CY2024Q3 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
246000000.0 usd
CY2024Q3 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
203500000 usd
CY2024Q3 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
90800000 usd
CY2024Q3 mchp Purchase Obligation To Be Paid After Year Four
PurchaseObligationToBePaidAfterYearFour
85900000 usd
CY2024Q3 us-gaap Purchase Obligation
PurchaseObligation
1155900000 usd
CY2024Q3 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
LossContingencyRangeOfPossibleLossPortionNotAccrued
25000000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.1800
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46300000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
45400000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
90300000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
89900000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9700000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9600000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
18900000 usd
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
19000000.0 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
36600000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
35800000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
71400000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
70900000 usd
CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
4000000000.00 usd
CY2024Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
200000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1000000.0 shares
CY2024Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
17300000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
90000000 usd
CY2024Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
1560000000 usd
CY2024Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
40800000 shares
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4300000 usd
CY2024Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.454
CY2024Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
243700000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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