MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

ASSETS

June 30,

March 31,

2015

2015

(Unaudited)

Cash and short-term investments

$

1,532,550

$

1,958,869

Accounts receivable, net

277,033

273,937

Inventories

303,690

279,456

Deferred tax assets

71,045

71,045

Assets held for sale

13,669

13,989

Other current assets

57,627

67,321

Total current assets

2,255,614

2,664,617

Property, plant & equipment, net

595,247

581,572

Long-term investments

898,024

383,326

Other assets

1,108,100

1,151,198

Total assets

$

4,856,985

$

4,780,713

LIABILITIES AND EQUITY

Accounts payable and other accrued liabilities

$

204,779

$

187,844

Deferred income on shipments to distributors

167,529

166,128

Total current liabilities

372,308

353,972

Long-term line of credit

496,952

461,952

Senior convertible debentures

1,169,583

1,174,036

Junior convertible debentures

192,162

190,870

Long-term income tax payable

98,001

114,336

Long-term deferred tax liability

380,403

381,192

Other long-term liabilities

48,694

43,329

Microchip Technology stockholders' equity

2,098,882

2,044,654

Noncontrolling interests

—

16,372

Total equity

2,098,882

2,061,026

Total liabilities and equity

$

4,856,985

$

4,780,713