MICROCHIP TECHNOLOGY INC
For the period ended Dec 31, 2023. Filed Feb 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 1, 2024
MCHP$58.35-10.0%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets – December 31, 2023 and March 31, 2023
CONDENSED CONSOLIDATED BALANCE SHEETS
(in millions, except share and per share amounts; unaudited)
| ASSETS | ||
|---|---|---|
| December 31, | March 31, | |
| 2023 | 2023 | |
| Cash and cash equivalents | $281.0 | $234.0 |
| Accounts receivable, net | 1,398.1 | 1,305.3 |
| Inventories | 1,311.1 | 1,324.9 |
| Other current assets | 229.4 | 205.1 |
| Total current assets | 3,219.6 | 3,069.3 |
| Property, plant and equipment, net | 1,208.3 | 1,177.9 |
| Goodwill | 6,675.4 | 6,673.6 |
| Intangible assets, net | 2,936.5 | 3,369.0 |
| Long-term deferred tax assets | 1,538.2 | 1,623.3 |
| Other assets | 565.0 | 457.2 |
| Total assets | $16,143.0 | $16,370.3 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Accounts payable | $242.2 | $396.9 |
| Accrued liabilities | 1,388.9 | 1,323.5 |
| Current portion of long-term debt | 1,662.1 | 1,398.2 |
| Total current liabilities | 3,293.2 | 3,118.6 |
| Long-term debt | 4,033.3 | 5,041.7 |
| Long-term income tax payable | 635.1 | 705.7 |
| Long-term deferred tax liability | 33.0 | 42.7 |
| Other long-term liabilities | 1,068.2 | 948.0 |
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value; authorized 5,000,000 shares; no shares issued or outstanding | — | — |
| Common stock, $0.001 par value; authorized 900,000,000 shares; 577,806,659 shares issued and 540,387,949 shares outstanding at December 31, 2023; 577,805,623 shares issued and 545,459,814 shares outstanding at March 31, 2023 | 0.5 | 0.5 |
| Additional paid-in capital | 2,445.8 | 2,413.3 |
| Common stock held in treasury: 37,418,710 shares at December 31, 2023; 32,345,809 shares at March 31, 2023 | (2,208.6) | (1,660.2) |
| Accumulated other comprehensive loss | (4.8) | (4.1) |
| Retained earnings | 6,847.3 | 5,764.1 |
| Total stockholders' equity | 7,080.2 | 6,513.6 |
| Total liabilities and stockholders' equity | $16,143.0 | $16,370.3 |
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