MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

ASSETS

December 31,

March 31,

2015

2015

(Unaudited)

Cash and short-term investments

$

1,007,900

$

1,958,869

Accounts receivable, net

248,006

273,937

Inventories

319,524

279,456

Deferred tax assets

—

71,045

Assets held for sale

—

13,989

Other current assets

57,291

67,321

Total current assets

1,632,721

2,664,617

Property, plant & equipment, net

622,842

581,572

Long-term investments

1,389,989

383,326

Other assets

1,801,001

1,151,198

Total assets

$

5,446,553

$

4,780,713

LIABILITIES AND EQUITY

Accounts payable and other accrued liabilities

$

180,332

$

187,844

Deferred income on shipments to distributors

163,582

166,128

Total current liabilities

343,914

353,972

Long-term line of credit

1,008,452

461,952

Senior convertible debentures

1,203,048

1,174,036

Junior convertible debentures

194,974

190,870

Long-term income tax payable

106,081

114,336

Long-term deferred tax liability

422,667

381,192

Other long-term liabilities

41,073

43,329

Microchip Technology stockholders' equity

2,126,344

2,044,654

Noncontrolling interests

—

16,372

Total equity

2,126,344

2,061,026

Total liabilities and equity

$

5,446,553

$

4,780,713