Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Microchip Technology Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016
Cash and cash equivalents	288,900)	304,800)	377,100)	317,400)	313,500)	253,300)	277,700)	280,000)	370,700)	368,300)	378,200)	401,000)	397,100)	401,800)	434,000)	428,600)	432,200)	459,700)	635,200)	901,300)	672,079)	826,407)	773,036)	908,684)	663,938)	489,988)	600,526)
Short-term investments	—)	2,000)	2,000)	2,000)	2,000)	2,000)	2,000)	2,000)	2,000)	2,000)	2,000)	2,000)	5,200)	3,300)	3,100)	2,300)	4,000)	4,500)	14,500)	1,295,300)	427,514)	488,197)	457,210)	394,088)	5,705)	848)	1,266)
Accounts receivable, net	1,175,000)	1,133,200)	1,145,000)	1,072,600)	930,100)	985,600)	1,000,700)	997,700)	893,800)	903,700)	894,300)	934,000)	807,500)	848,600)	936,800)	880,600)	544,800)	668,800)	789,400)	563,700)	553,135)	545,416)	528,954)	478,373)	475,093)	451,042)	435,511)
Inventories	1,165,400)	1,030,300)	911,800)	854,400)	768,200)	713,600)	683,800)	665,000)	666,100)	661,400)	657,200)	685,700)	708,800)	734,200)	733,100)	711,700)	702,500)	836,700)	1,104,800)	476,200)	487,065)	456,939)	426,843)	417,202)	419,618)	424,690)	518,431)
Assets held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	6,459)	5,757)	14,080)	18,398)
Other current assets	204,400)	205,700)	207,300)	206,200)	186,700)	194,600)	192,900)	200,500)	219,900)	186,700)	203,300)	194,500)	185,400)	189,900)	171,500)	191,600)	194,100)	206,500)	274,500)	119,800)	113,648)	126,463)	112,719)	100,234)	106,639)	110,087)	98,856)
Current assets	2,833,700)	2,676,000)	2,643,200)	2,452,600)	2,200,500)	2,149,100)	2,157,100)	2,145,200)	2,152,500)	2,122,100)	2,135,000)	2,217,200)	2,104,000)	2,177,800)	2,278,500)	2,214,800)	1,877,600)	2,176,200)	2,818,400)	3,356,300)	2,253,441)	2,443,422)	2,298,762)	2,305,040)	1,676,750)	1,490,735)	1,672,988)
Property, plant and equipment, net	1,113,700)	1,088,300)	994,900)	967,900)	929,900)	923,700)	892,200)	854,700)	827,400)	822,100)	844,000)	876,100)	909,700)	937,000)	963,000)	996,700)	1,039,700)	1,051,900)	1,078,400)	767,900)	754,780)	722,780)	693,995)	683,338)	698,704)	716,998)	732,816)
Long-term investments	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	885,392)	529,249)	420,458)	107,457)	30,007)	—)	—)
Goodwill	6,673,600)	6,673,600)	6,673,600)	6,673,600)	6,673,600)	6,673,600)	6,670,600)	6,670,600)	6,670,600)	6,664,800)	6,664,800)	6,664,800)	6,664,800)	6,664,600)	6,663,900)	6,663,900)	6,782,000)	6,787,500)	7,273,200)	2,299,000)	2,299,009)	2,299,009)	2,299,009)	2,299,009)	2,362,090)	2,384,740)	2,390,955)
Intangible assets, net	3,544,800)	3,704,900)	3,869,400)	4,043,100)	4,256,300)	4,479,800)	4,581,400)	4,794,800)	5,025,800)	5,255,800)	5,486,800)	5,702,300)	5,939,500)	6,187,300)	6,428,700)	6,685,600)	6,632,900)	6,825,900)	6,248,900)	1,662,000)	1,784,568)	1,905,730)	2,026,575)	2,148,092)	2,233,621)	2,322,706)	2,403,357)
Long-term deferred tax assets	1,630,000)	1,692,300)	1,747,700)	1,797,100)	1,721,500)	1,738,600)	1,719,500)	1,749,200)	1,628,400)	1,634,900)	1,639,100)	1,748,500)	1,738,400)	1,662,000)	1,680,000)	1,677,200)	1,717,100)	1,715,500)	1,675,800)	100,200)	70,793)	81,370)	74,065)	68,870)	60,797)	68,823)	68,653)
Other assets	320,300)	306,000)	279,600)	265,200)	265,400)	250,200)	257,000)	264,300)	271,400)	271,200)	258,400)	217,200)	232,200)	229,800)	232,300)	111,800)	106,400)	110,100)	154,100)	71,800)	75,810)	73,638)	75,027)	75,075)	82,612)	90,394)	89,987)
Long-term assets	13,282,400)	13,465,100)	13,565,200)	13,746,900)	13,846,700)	14,065,900)	14,120,700)	14,333,600)	14,423,600)	14,648,800)	14,893,100)	15,208,900)	15,484,600)	15,680,700)	15,967,900)	16,135,200)	16,278,100)	16,490,900)	16,430,400)	4,900,900)	5,870,352)	5,611,776)	5,589,129)	5,381,841)	5,467,831)	5,583,661)	5,685,768)
Total assets	16,116,100)	16,141,100)	16,208,400)	16,199,500)	16,047,200)	16,215,000)	16,277,800)	16,478,800)	16,576,100)	16,770,900)	17,028,100)	17,426,100)	17,588,600)	17,858,500)	18,246,400)	18,350,000)	18,155,700)	18,667,100)	19,248,800)	8,257,200)	8,123,793)	8,055,198)	7,887,891)	7,686,881)	7,144,581)	7,074,396)	7,358,756)

The analysis of the quarterly financial data reveals several discernible trends across various asset categories over the periods presented.

Cash and Cash Equivalents: There is an observable overall decline in cash and cash equivalents from mid-2016, peaking at over 900 million, to a lower level near 280 million around Q1 2021. A slight recovery occurs subsequently but values remain below early period levels. This indicates a gradual reduction in liquid assets over the longer term.
Short-term Investments: Short-term investments show high volatility. Initial values are minimal, sharply increasing to over 1.2 billion in early 2018, followed by a rapid fall back to around 2 million for most later periods. This suggests fluctuating investment activities with possible strategic shifts or reclassification of investment assets.
Accounts Receivable, Net: There is a general upward trend in accounts receivable from approximately 435 million in mid-2016 to over 1.1 billion by late 2022. This increase indicates rising credit sales and possibly expanding customer base or longer collection periods.
Inventories: Inventories grew steadily from about 518 million in mid-2016 to a peak exceeding 1.1 billion by the end of 2022. The increase is particularly marked after 2017, reflecting potential growth in production scale or accumulation of stock, possibly indicating anticipation of higher sales or slower inventory turnover.
Other Current Assets: Other current assets fluctuate moderately, typically ranging between 100 million and 270 million, with some increases towards 2018 but stabilizing thereafter. This suggests relatively stable minor current asset components.
Current Assets: Current assets exhibit growth especially notable around 2017 to 2018, climbing from about 1.5 billion to over 3.3 billion, but then decline and stabilize near 2.6 to 2.8 billion in later periods. This pattern corresponds with the movements observed in cash, investments, receivables, and inventories, indicating cyclical working capital levels.
Property, Plant, and Equipment, Net: Net property, plant, and equipment steadily decreases from approximately 733 million in mid-2016 to around 820 million by the end of 2020, before slowly recovering to over 1.1 billion by late 2022. The initial decline could indicate depreciation and asset disposals, while later recovery suggests reinvestment or expansion in fixed assets.
Long-term Investments: Long-term investments appear only intermittently but show a substantial increase from about 30 million in 2016 to over 885 million by late 2017. These balances are not reported in subsequent periods, potentially due to reclassification or divestments.
Goodwill: Goodwill remains relatively stable near 2.3 billion through early 2018 but then experiences a significant jump to approximately 7.2 billion by mid-2018, maintaining this higher level with minor fluctuations thereafter. This substantial increase may relate to acquisitions or valuations impacting intangible goodwill balances.
Intangible Assets, Net: Intangible assets decline consistently over time from around 2.4 billion in mid-2016 to approximately 3.5 billion in late 2022 after peaking at a higher level near 6.8 billion around late 2017 to early 2019. The decrease after the peak suggests amortization or impairment, balanced by earlier acquisition activities reflected in their initial growth.
Long-term Deferred Tax Assets: Long-term deferred tax assets show a general increase from about 69 million in 2016 to peaks exceeding 1.7 billion in the 2018-2019 timeframe, thereafter fluctuating with slight downward movement toward 1.6 billion by late 2022. This trend indicates recognition of deferred tax benefits over time with some stabilization later.
Other Assets: Other assets vary moderately, rising from near 90 million in 2016 to over 320 million by late 2022, with a gradual upward trend that may suggest accumulation of miscellaneous noncurrent assets or valuation changes.
Long-term Assets: Long-term assets demonstrate a steady increase from about 5.7 billion in mid-2016 to above 16 billion in the 2017-2019 period, followed by a gradual decline down to around 13.3 billion by the end of 2022. This pattern suggests significant asset additions or acquisitions prior to 2019, with subsequent decreases possibly due to disposals or amortization.
Total Assets: Total assets grow strongly from approximately 7.4 billion in mid-2016 to nearly 19.2 billion in late 2017, then experience a gradual decline to around 16.1 billion by late 2022. This indicates a phase of asset expansion followed by consolidation or divestment in more recent years.

Overall, the data reflect a period of asset growth largely driven by acquisitions, increases in receivables and inventories, and expansion of goodwill and intangible assets until around 2018-2019, followed by phases of stabilization and partial contraction in asset base size toward the end of the observed timeline.

Assets: Selected Items

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Current Assets: Selected Items

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Microchip Technology Inc. (NASDAQ:MCHP)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data