Three Months Ended March 31, | Twelve Months Ended March 31, | ||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||
Operating income, as reported | $ | 549.5 | $ | 308.0 | $ | 1,849.6 | $ | 998.1 | |||||||
Share-based compensation expense | 47.0 | 55.0 | 210.2 | 198.3 | |||||||||||
COVID-19 shelter-in-place restrictions on manufacturing activities | — | — | — | 2.8 | |||||||||||
Manufacturing excursion | — | 5.8 | — | 5.8 | |||||||||||
Acquisition-related | 1.0 | 2.4 | 4.9 | 4.1 | |||||||||||
Professional services associated with certain legal matters | 2.8 | 0.4 | 8.4 | 9.5 | |||||||||||
IT security remediation | — | 0.1 | 0.2 | 1.5 | |||||||||||
Amortization of acquired intangible assets | 215.5 | 232.4 | 862.5 | 932.3 | |||||||||||
Special charges (income) and other, net | 9.1 | (7.2 | ) | 29.5 | 1.7 | ||||||||||
Non-GAAP operating income | $ | 824.9 | $ | 596.9 | $ | 2,965.3 | $ | 2,154.1 | |||||||
Non-GAAP operating income as a percentage of net sales | 44.7 | % | 40.7 | % | 43.5 | % | 39.6 | % |
Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2022
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RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME
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