2009 Q1 Form 10-K Financial Statement
#000114036110023724 Filed on June 02, 2010
Income Statement
| Concept | 2009 Q1 | 2009 | 2008 |
|---|---|---|---|
| Revenue | $173.3M | $903.3M | $1.036B |
| YoY Change | -33.45% | -12.78% | -0.38% |
| Cost Of Revenue | $89.30M | $386.8M | $410.8M |
| YoY Change | -12.28% | -5.84% | -0.99% |
| Gross Profit | $84.00M | $516.5M | $624.9M |
| YoY Change | -47.04% | -17.35% | 0.02% |
| Gross Profit Margin | 48.47% | 57.18% | 60.34% |
| Selling, General & Admin | $33.20M | $161.2M | $175.6M |
| YoY Change | -26.87% | -8.21% | 7.63% |
| % of Gross Profit | 39.52% | 31.21% | 28.11% |
| Research & Development | $25.30M | $115.5M | $120.9M |
| YoY Change | -19.68% | -4.42% | 6.3% |
| % of Gross Profit | 30.12% | 22.37% | 19.34% |
| Depreciation & Amortization | $23.80M | $96.00M | $100.1M |
| YoY Change | 1.28% | -4.1% | -13.86% |
| % of Gross Profit | 28.33% | 18.59% | 16.02% |
| Operating Expenses | $58.60M | $276.7M | $296.5M |
| YoY Change | -23.8% | -6.67% | 7.04% |
| Operating Profit | $25.40M | $239.8M | $328.4M |
| YoY Change | -68.91% | -26.99% | -5.58% |
| Interest Expense | $29.44M | $9.495M | |
| YoY Change | 210.06% | -82.08% | |
| % of Operating Profit | 12.28% | 2.89% | |
| Other Income/Expense, Net | $8.600M | -$4.400M | $2.400M |
| YoY Change | 514.29% | -283.33% | 700.0% |
| Pretax Income | $27.60M | $232.1M | $349.5M |
| YoY Change | -68.92% | -33.59% | -12.88% |
| Income Tax | $5.600M | -$13.51M | $52.66M |
| % Of Pretax Income | 20.29% | -5.82% | 15.07% |
| Net Earnings | $22.00M | $245.6M | $296.8M |
| YoY Change | -71.32% | -17.25% | -16.86% |
| Net Earnings / Revenue | 12.69% | 27.19% | 28.66% |
| Basic Earnings Per Share | $1.34 | $1.43 | |
| Diluted Earnings Per Share | $119.4K | $1.31 | $1.40 |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2009 Q1 | 2009 | 2008 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.390B | $1.390B | $1.325B |
| YoY Change | 4.91% | 4.91% | 76.67% |
| Cash & Equivalents | $446.3M | $446.0M | $488.0M |
| Short-Term Investments | $944.0M | $944.0M | $837.0M |
| Other Short-Term Assets | $132.0M | $132.0M | $130.0M |
| YoY Change | 1.54% | 1.54% | 46.07% |
| Inventory | $132.0M | $132.0M | $124.0M |
| Prepaid Expenses | |||
| Receivables | $88.00M | $88.00M | $138.0M |
| Other Receivables | $1.000M | $1.000M | $0.00 |
| Total Short-Term Assets | $1.749B | $1.743B | $1.718B |
| YoY Change | 1.8% | 1.46% | 58.34% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $532.0M | $532.0M | $522.0M |
| YoY Change | 1.92% | 1.92% | -13.86% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $51.00M | $51.00M | $194.0M |
| YoY Change | -73.71% | -73.71% | -63.26% |
| Other Assets | $18.53M | $19.00M | $34.00M |
| YoY Change | -45.51% | -44.12% | 209.09% |
| Total Long-Term Assets | $656.9M | $663.0M | $794.0M |
| YoY Change | -17.27% | -16.5% | -33.0% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $1.749B | $1.743B | $1.718B |
| Total Long-Term Assets | $656.9M | $663.0M | $794.0M |
| Total Assets | $2.406B | $2.406B | $2.512B |
| YoY Change | -4.23% | -4.22% | 10.66% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $29.00M | $29.00M | $39.00M |
| YoY Change | -25.64% | -25.64% | 11.43% |
| Accrued Expenses | $42.00M | $42.00M | $56.00M |
| YoY Change | -25.0% | -25.0% | -56.92% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $155.6M | $156.0M | $191.0M |
| YoY Change | -18.51% | -18.32% | -25.39% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $334.0M | $334.0M | $1.150B |
| YoY Change | -70.96% | -70.96% | |
| Other Long-Term Liabilities | $74.00M | $74.00M | $113.0M |
| YoY Change | -34.51% | -34.51% | 11200.0% |
| Total Long-Term Liabilities | $408.0M | $408.0M | $1.263B |
| YoY Change | -67.7% | -67.7% | 126200.0% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $155.6M | $156.0M | $191.0M |
| Total Long-Term Liabilities | $408.0M | $408.0M | $1.263B |
| Total Liabilities | $915.0M | $915.0M | $1.476B |
| YoY Change | -38.01% | -38.01% | 456.98% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $1.299B | ||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $1.490B | $1.490B | $1.036B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $2.406B | $2.406B | $2.512B |
| YoY Change | -4.23% | -4.22% | 10.66% |
Cashflow Statement
| Concept | 2009 Q1 | 2009 | 2008 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $22.00M | $245.6M | $296.8M |
| YoY Change | -71.32% | -17.25% | -16.86% |
| Depreciation, Depletion And Amortization | $23.80M | $96.00M | $100.1M |
| YoY Change | 1.28% | -4.1% | -13.86% |
| Cash From Operating Activities | $44.10M | $308.7M | $447.3M |
| YoY Change | -49.43% | -30.99% | 4.07% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$10.60M | -$102.4M | -$69.80M |
| YoY Change | -48.79% | 46.7% | 16.33% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $80.00M | $82.50M | $125.5M |
| YoY Change | -141.05% | -34.26% | -132.84% |
| Cash From Investing Activities | $69.50M | -$19.80M | $55.70M |
| YoY Change | -132.22% | -135.55% | -112.6% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -58.40M | -330.2M | -182.7M |
| YoY Change | -72.8% | 80.73% | -52.58% |
| NET CHANGE | |||
| Cash From Operating Activities | 44.10M | 308.7M | 447.3M |
| Cash From Investing Activities | 69.50M | -19.80M | 55.70M |
| Cash From Financing Activities | -58.40M | -330.2M | -182.7M |
| Net Change In Cash | 55.20M | -41.30M | 320.3M |
| YoY Change | -116.08% | -112.89% | -180.54% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $44.10M | $308.7M | $447.3M |
| Capital Expenditures | -$10.60M | -$102.4M | -$69.80M |
| Free Cash Flow | $54.70M | $411.1M | $517.1M |
| YoY Change | -49.3% | -20.5% | 5.57% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2009Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
155645000 | |
| CY2009 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
215000 | |
| CY2008 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
68000 | |
| CY2009 | mchp |
Change In Other Assets And Liabilities
ChangeInOtherAssetsAndLiabilities
|
-33302000 | |
| CY2008 | mchp |
Change In Other Assets And Liabilities
ChangeInOtherAssetsAndLiabilities
|
-7949000 | |
| CY2009 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.31 | |
| CY2008 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.40 | |
| CY2010 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
413487000 | |
| CY2009 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
386793000 | |
| CY2009 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
20527000 | |
| CY2008 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
8987000 | |
| CY2009Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1490311000 | |
| CY2010 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
120823000 | |
| CY2009 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
115524000 | |
| CY2008 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
120864000 | |
| CY2009 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.34 | |
| CY2008 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.43 | |
| CY2008 | us-gaap |
Net Income Loss
NetIncomeLoss
|
296793000 | |
| CY2009Q1 | us-gaap |
Assets
Assets
|
2405711000 | |
| CY2009Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2405711000 | |
| CY2009 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-13508000 | |
| CY2008 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
52663000 | |
| CY2009Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
351686000 | |
| CY2010 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
167222000 | |
| CY2009 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
161218000 | |
| CY2008 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
175646000 | |
| CY2009Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1281936000 | |
| CY2009Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
18526000 | |
| CY2009 | us-gaap |
Interest Expense
InterestExpense
|
29440000 | |
| CY2008 | us-gaap |
Interest Expense
InterestExpense
|
9495000 | |
| CY2009Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1299250000 | |
| CY2009Q1 | us-gaap |
Convertible Subordinated Debt Noncurrent
ConvertibleSubordinatedDebtNoncurrent
|
334184000 | |
| CY2009 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
232079000 | |
| CY2008 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
349456000 | |
| CY2009 | us-gaap |
Net Income Loss
NetIncomeLoss
|
245587000 |
