| Three Months Ended March 31, | Twelve Months Ended March 31, | ||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||
| Net income, as reported | $ | 604.0 | $ | 437.9 | $ | 2,237.7 | $ | 1,285.5 | |||||||
| 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 | ||||||||||
| Loss on settlement of debt | — | 11.8 | 8.3 | 113.4 | |||||||||||
| Non-cash other expense, net | — | 8.4 | 0.1 | 38.6 | |||||||||||
| Gains on equity investments | — | — | — | (5.5 | ) | ||||||||||
| Other non-GAAP tax adjustment | 88.1 | 31.1 | 263.2 | 63.1 | |||||||||||
| Non-GAAP net income | $ | 907.8 | $ | 764.6 | $ | 3,353.1 | $ | 2,610.8 | |||||||
| GAAP net income as a percentage of net sales | 27.1 | % | 23.7 | % | 26.5 | % | 18.8 | % | |||||||
| Non-GAAP net income as a percentage of net sales | 40.7 | % | 41.5 | % | 39.7 | % | 38.3 | % | |||||||
| Diluted net income per common share, as reported | $ | 1.09 | $ | 0.77 | $ | 4.02 | $ | 2.27 | |||||||
| Non-GAAP diluted net income per common share | $ | 1.64 | $ | 1.35 | $ | 6.02 | $ | 4.61 | |||||||
| Diluted common shares outstanding, as reported | 553.9 | 565.1 | 557.3 | 565.9 | |||||||||||
| Diluted common shares outstanding non-GAAP | 553.9 | 565.1 | 557.3 | 565.9 | |||||||||||
Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2023
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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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