Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2021

RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET

 Three Months Ended Twelve Months Ended
 March 31, March 31,
 2021 2020 2021 2020
Other expense, net, as reported$(163.6) $(114.9) $(658.6) $(496.7)
Loss on settlement of debt85.6  3.4  299.6  5.4 
Non-cash other expense, net12.0  31.0  66.6  122.6 
Gains on equity investments  (1.5) (0.2) (2.6)
Non-GAAP other expense, net$(66.0) $(82.0) $(292.6) $(371.3)
Non-GAAP other expense, net, as a percentage of net sales(4.5)% (6.2)% (5.4 )%   (7.0 )%
                       

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