Three Months Ended June 30, | |||||||
2023 | 2022 | ||||||
Net income, as reported | $ | 666.4 | $ | 507.2 | |||
Share-based compensation expense | 44.5 | 41.2 | |||||
Other adjustments | (0.9 | ) | 0.8 | ||||
Professional services associated with certain legal matters | 0.5 | 0.9 | |||||
Amortization of acquired intangible assets | 151.5 | 167.6 | |||||
Special charges (income) and other, net | 1.7 | (16.9 | ) | ||||
Loss on settlement of debt | 9.1 | 6.2 | |||||
Non-cash other expense, net | — | 0.1 | |||||
Other non-GAAP tax adjustment | 32.5 | 60.1 | |||||
Non-GAAP net income | $ | 905.3 | $ | 767.2 | |||
GAAP net income as a percentage of net sales | 29.1 | % | 25.8 | % | |||
Non-GAAP net income as a percentage of net sales | 39.6 | % | 39.1 | % | |||
Diluted net income per common share, as reported | $ | 1.21 | $ | 0.90 | |||
Non-GAAP diluted net income per common share | $ | 1.64 | $ | 1.37 | |||
Diluted common shares outstanding, as reported | 551.4 | 561.5 | |||||
Diluted common shares outstanding non-GAAP | 551.4 | 561.5 | |||||
Microchip Technology Announces Record Financial Results For First Quarter of Fiscal Year 2024
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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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