Three Months Ended March 31, | Twelve Months Ended March 31, | ||||||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||||
Operating income, as reported | $ | 848.0 | $ | 549.5 | $ | 3,116.0 | $ | 1,849.6 | |||||||
Share-based compensation expense | 43.9 | 47.0 | 170.4 | 210.2 | |||||||||||
Acquisition-related | 0.8 | 1.0 | 2.8 | 4.9 | |||||||||||
Professional services associated with certain legal matters | 1.5 | 2.8 | 4.7 | 8.4 | |||||||||||
IT security remediation | — | — | — | 0.2 | |||||||||||
Amortization of acquired intangible assets | 167.4 | 215.5 | 669.9 | 862.5 | |||||||||||
Special charges (income) and other, net | 2.1 | 9.1 | (4.0 | ) | 29.5 | ||||||||||
Non-GAAP operating income | $ | 1,063.7 | $ | 824.9 | $ | 3,959.8 | $ | 2,965.3 | |||||||
GAAP operating income as a percentage of net sales | 38.0 | % | 29.8 | % | 36.9 | % | 27.1 | % | |||||||
Non-GAAP operating income as a percentage of net sales | 47.6 | % | 44.7 | % | 46.9 | % | 43.5 | % | |||||||
Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2023
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RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME
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