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MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (in millions) | |||||||
| ASSETS | |||||||
| March 31, | |||||||
| 2019 | 2018 | ||||||
| (Unaudited) | |||||||
| Cash and short-term investments | $ | 430.9 | $ | 2,196.6 | |||
| Accounts receivable, net | 880.6 | 563.7 | |||||
| Inventories | 711.7 | 476.2 | |||||
| Other current assets | 191.6 | 119.8 | |||||
| Total current assets | 2,214.8 | 3,356.3 | |||||
| Property, plant and equipment, net | 996.7 | 767.9 | |||||
| Other assets | 15,133.5 | 4,133.0 | |||||
| Total assets | $ | 18,345.0 | $ | 8,257.2 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
| Accounts payable and accrued liabilities | $ | 1,013.7 | $ | 373.7 | |||
| Deferred income on shipments to distributors | — | 333.8 | |||||
| Current portion of long-term debt | 1,360.8 | 1,309.9 | |||||
| Total current liabilities | 2,374.5 | 2,017.4 | |||||
| Long-term debt | 8,946.2 | 1,758.4 | |||||
| Long-term income tax payable | 751.2 | 754.9 | |||||
| Long-term deferred tax liability | 706.1 | 205.8 | |||||
| Other long-term liabilities | 279.5 | 240.9 | |||||
| Stockholders' equity | 5,287.5 | 3,279.8 | |||||
| Total liabilities and stockholders' equity | $ | 18,345.0 | $ | 8,257.2 | |||
MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(in millions 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, | ||||||||||||||
| 2019 | 2018 | 2019 | 2018 | ||||||||||||
| Net sales, as reported | $ | 1,329.8 | $ | 1,002.3 | $ | 5,349.5 | $ | 3,980.8 | |||||||
| Impact of changes in distributor inventory levels | — | — | 126.3 | — | |||||||||||
| Non-GAAP net sales | $ | 1,329.8 | $ | 1,002.3 | $ | 5,475.8 | $ | 3,980.8 | |||||||
