| Three Months Ended | Twelve Months Ended | ||||||||||||||
| March 31, | March 31, | ||||||||||||||
| 2020 | 2019 | 2020 | 2019 | ||||||||||||
| Net income, as reported | $ | 99.9 | $ | 174.7 | $ | 570.6 | $ | 355.9 | |||||||
| Share-based compensation expense | 40.7 | 39.1 | 170.2 | 149.2 | |||||||||||
| COVID-19 shelter-in-place restrictions on manufacturing activities | 3.3 | — | 3.3 | — | |||||||||||
| Acquisition-related costs | 10.9 | 5.0 | 35.8 | 44.1 | |||||||||||
| Professional services associated with certain legal matters | 3.3 | — | 3.3 | — | |||||||||||
| IT security remediation | 1.1 | — | 6.8 | — | |||||||||||
| Excess capacity charges to normalize acquired inventory levels | — | — | — | 2.3 | |||||||||||
| Acquired inventory valuation costs | — | 1.8 | — | 365.7 | |||||||||||
| Amortization of acquired intangible assets | 248.5 | 176.9 | 993.9 | 674.1 | |||||||||||
| Special charges (income) and other, net | 17.2 | (23.3 | ) | 46.7 | 33.7 | ||||||||||
| Loss on settlement of debt | 3.4 | 8.3 | 5.4 | 12.6 | |||||||||||
| Non-cash other expense, net | 31.0 | 29.7 | 122.6 | 124.3 | |||||||||||
| Acquisition-related other income | — | (12.5 | ) | — | (12.5 | ) | |||||||||
| (Gains) losses on available-for-sale investments | (1.5 | ) | (0.7 | ) | (2.6 | ) | 6.0 | ||||||||
| Other non-GAAP tax adjustment | (82.3 | ) | (28.6 | ) | (516.4 | ) | (202.5 | ) | |||||||
| Non-GAAP net income | $ | 375.5 | $ | 370.4 | $ | 1,439.6 | $ | 1,552.9 | |||||||
| Non-GAAP net income as a percentage of net sales | 28.3 | % | 27.9 | % | 27.3 | % | 29.0 | % | |||||||
| GAAP net income as a percentage of net sales | 7.5 | % | 13.1 | % | 10.8 | % | 6.7 | % | |||||||
| Diluted net income per common share, as reported | $ | 0.39 | $ | 0.70 | $ | 2.23 | $ | 1.42 | |||||||
| Non-GAAP diluted net income per common share | $ | 1.46 | $ | 1.48 | $ | 5.62 | $ | 6.21 | |||||||
| Diluted common shares outstanding, as reported | 257.3 | 250.9 | 256.2 | 249.9 | |||||||||||
| Diluted common shares outstanding non-GAAP | 257.3 | 250.9 | 256.2 | 249.9 | |||||||||||
Microchip Technology Announces Financial Results for Fourth Quarter and Fiscal Year 2020
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RECONCILIATION OF GAAP NET INCOME AND GAAP DILUTED NET INCOME PER COMMON SHARE TO NON-GAAP NET INCOME AND NON-GAAP DILUTED NET INCOME PER COMMON SHARE
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