Stock Analysis on Net
Stock Analysis on Net

Microchip Technology Inc. (NASDAQ:MCHP)

This company has been moved to the archive! The financial data has not been updated since February 2, 2023.

Common-Size Income Statement

Microchip Technology Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018 Mar 31, 2017
Net sales 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -34.77 -37.87 -38.53 -45.20 -39.19 -48.44
Gross profit 65.23% 62.13% 61.47% 54.80% 60.81% 51.56%
Research and development -14.50 -15.38 -16.64 -15.45 -13.30 -16.00
Selling, general and administrative -10.54 -11.22 -12.83 -12.77 -11.36 -14.67
Amortization of acquired intangible assets -12.64 -17.14 -18.84 -12.60 -12.20 -9.91
Employee separation costs -0.01 0.02 -0.11 -1.22 -0.03 -1.15
Gain on sale of assets 0.12 0.11 0.03 0.00 0.11 0.00
Impairment charges 0.00 0.00 -0.01 -0.07 0.00 -0.37
Contract exit costs -0.07 0.03 -0.10 0.09 -0.02 -1.29
Wafer fabrication restructuring -0.31 -0.28 -0.34 0.00 0.00 0.00
Other 0.00 0.00 -0.05 0.01 0.00 -0.08
Restructuring -0.27% -0.12% -0.59% -1.19% 0.06% -2.89%
Legal contingencies -0.18 0.00 -0.30 0.56 0.00 0.00
Contingent consideration revaluation 0.02 0.09 0.00 0.00 0.00 0.00
Non-restructuring contract exit costs and other 0.00 0.00 0.00 0.00 -0.50 0.00
Special charges and other, net -0.43% -0.03% -0.89% -0.63% -0.44% -2.89%
Operating expenses -38.12% -43.78% -49.20% -41.44% -37.29% -43.47%
Operating income 27.12% 18.35% 12.27% 13.35% 23.52% 8.09%
Losses on equity method investments 0.00 0.00 0.00 0.00 -0.01 -0.01
Interest income 0.01 0.03 0.05 0.15 0.55 0.09
Interest expense -3.77 -6.56 -9.43 -9.40 -5.00 -4.29
Loss on settlement of debt -1.66 -5.51 -0.10 -0.24 -0.40 -1.29
Other income (expense) -5.42% -12.04% -9.48% -9.48% -4.85% -5.49%
Other income (loss), net 0.04 -0.07 0.06 -0.04 -0.15 0.04
Income before income taxes 21.73% 6.24% 2.85% 3.82% 18.52% 2.63%
Income tax (provision) benefit -2.89 0.18 7.97 2.83 -12.11 2.37
Net income from continuing operations 18.85% 6.42% 10.82% 6.65% 6.42% 5.01%
Net loss from discontinued operations 0.00 0.00 0.00 0.00 0.00 -0.17
Net income 18.85% 6.42% 10.82% 6.65% 6.42% 4.83%

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Microchip Technology Inc. operating income as a percentage of net sales increased from 2020 to 2021 and from 2021 to 2022.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Microchip Technology Inc. income before income taxes as a percentage of net sales increased from 2020 to 2021 and from 2021 to 2022.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Microchip Technology Inc. net income as a percentage of net sales decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.