|
MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) | |||||||
| ASSETS | |||||||
| March 31, | |||||||
| 2017 | 2016 | ||||||
| (Unaudited) | |||||||
| Cash and short-term investments | $ | 1,302,772 | $ | 2,446,035 | |||
| Accounts receivable, net | 478,373 | 290,183 | |||||
| Inventories | 417,202 | 306,815 | |||||
| Assets held for sale | 6,459 | — | |||||
| Other current assets | 100,234 | 53,680 | |||||
| Total current assets | 2,305,040 | 3,096,713 | |||||
| Property, plant and equipment, net | 683,338 | 609,396 | |||||
| Long-term investments | 107,457 | 118,549 | |||||
| Other assets | 4,582,741 | 1,713,225 | |||||
| Total assets | $ | 7,678,576 | $ | 5,537,883 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
| Accounts payable and accrued liabilities | $ | 361,683 | $ | 198,577 | |||
| Deferred income on shipments to distributors | 292,815 | 183,432 | |||||
| Current portion of long-term debt | 49,952 | — | |||||
| Total current liabilities | 704,450 | 382,009 | |||||
| Long-term debt | 2,900,524 | 2,453,405 | |||||
| Long-term income tax payable | 176,640 | 111,061 | |||||
| Long-term deferred tax liability | 409,045 | 399,218 | |||||
| Other long-term liabilities | 217,206 | 41,271 | |||||
| Stockholders' equity | 3,270,711 | 2,150,919 | |||||
| Total liabilities and stockholders' equity | $ | 7,678,576 | $ | 5,537,883 | |||
| MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES | |||||||||||||||
| RECONCILIATION OF GAAP TO NON-GAAP MEASURES | |||||||||||||||
| (in thousands except per share amounts and percentages) | |||||||||||||||
| (unaudited) | |||||||||||||||
|
RECONCILIATION OF GAAP NET SALES TO NON-GAAP NET SALES
| |||||||||||||||
| Three Months ended | Twelve Months Ended | ||||||||||||||
| March 31, | March 31, | ||||||||||||||
| 2017 | 2016 | 2017 | 2016 | ||||||||||||
| Net sales, as reported | $ | 902,666 | $ | 557,647 | $ | 3,407,807 | $ | 2,173,334 | |||||||
| Distributor revenue recognition adjustment | — | 10,791 | 93,879 | 40,501 | |||||||||||
| Non-GAAP net sales | $ | 902,666 | $ | 568,438 | $ | 3,501,686 | $ | 2,213,835 | |||||||
