MICROCHIP TECHNOLOGY INC
For the period ended Dec 31, 2025. Filed Feb 5, 2026.
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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, 2025 · Filed Feb 5, 2026
MCHP$60.33-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows –
| Nine Months Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $85.8 | $154.1 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 515.6 | 563.1 |
| Deferred income taxes | (13.3) | (125.8) |
| Share-based compensation expense related to equity incentive plans | 187.1 | 139.7 |
| Loss on settlement of debt | — | 0.3 |
| Amortization of debt discount | 19.6 | 51.6 |
| Amortization of debt issuance costs | 4.0 | 6.1 |
| Impairment of intangible assets | 2.5 | — |
| Other | (8.3) | (45.5) |
| Changes in operating assets and liabilities, excluding impact of acquisitions: | ||
| (Increase) decrease in accounts receivable | (40.9) | 286.5 |
| Decrease (increase) in inventories | 240.0 | (35.1) |
| Decrease in accounts payable and accrued liabilities | (27.4) | (236.6) |
| Change in other assets and liabilities | (92.1) | (72.7) |
| Change in income tax payable | (167.5) | 6.5 |
| Net cash provided by operating activities | 705.1 | 692.2 |
| Cash flows from investing activities: | ||
| Other investing | 1.3 | 2.4 |
| Proceeds from capital-related government incentives | 5.1 | 0.1 |
| Investments in other assets | (72.9) | (122.5) |
| Capital expenditures | (76.9) | (111.8) |
| Net cash used in investing activities | (143.4) | (231.8) |
| Cash flows from financing activities: | ||
| Repayments of 2025 Term Loan Facility | — | (750.0) |
| Proceeds from issuance of Commercial Paper | 4,387.5 | 10,567.1 |
| Repayments of Commercial Paper | (3,460.5) | (10,630.9) |
| Proceeds from issuance of senior notes | — | 1,992.2 |
| Repayment of senior notes | (1,200.0) | (1,000.0) |
| Proceeds from issuance of convertible debt | — | 1,250.0 |
| Payments on settlement of convertible debt | — | (668.5) |
| Deferred financing costs | — | (18.0) |
| Purchase of capped call options | — | (105.0) |
| Proceeds from sale of common stock | 42.5 | 45.4 |
| Tax payments related to shares withheld for vested RSUs | (29.6) | (45.0) |
| Repurchase of common stock | — | (96.5) |
| Payment of cash dividends on Series A Preferred Stock | (80.7) | — |
| Payment of cash dividends on common stock | (737.4) | (730.9) |
| Capital lease payments | (1.2) | (1.2) |
| Other Financing | (3.3) | (2.8) |
| Net cash used in financing activities | (1,082.7) | (194.1) |
| Net (decrease) increase in cash and cash equivalents | (521.0) | 266.3 |
| Cash and cash equivalents, at beginning of period | 771.7 | 319.7 |
| Cash and cash equivalents, at end of period | $250.7 | $586.0 |
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