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MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) | |||||||
| ASSETS | |||||||
| December 31, | March 31, | ||||||
| 2016 | 2016 | ||||||
| (Unaudited) | |||||||
| Cash and short-term investments | $ | 669,643 | $ | 2,446,035 | |||
| Accounts receivable, net | 475,093 | 290,183 | |||||
| Inventories | 419,618 | 306,815 | |||||
| Assets held for sale | 5,757 | — | |||||
| Other current assets | 106,639 | 53,680 | |||||
| Total current assets | 1,676,750 | 3,096,713 | |||||
| Property, plant and equipment, net | 698,704 | 609,396 | |||||
| Long-term investments | 30,007 | 118,549 | |||||
| Other assets | 4,739,120 | 1,713,225 | |||||
| Total assets | $ | 7,144,581 | $ | 5,537,883 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
| Accounts payable and accrued liabilities | $ | 357,294 | $ | 198,577 | |||
| Deferred income on shipments to distributors | 294,259 | 183,432 | |||||
| Total current liabilities | 651,553 | 382,009 | |||||
| Long-term line of credit | 1,675,423 | 1,043,156 | |||||
| Senior convertible debentures | 1,250,178 | 1,216,313 | |||||
| Junior convertible debentures | 198,393 | 193,936 | |||||
| Long-term income tax payable | 266,763 | 111,061 | |||||
| Long-term deferred tax liability | 386,824 | 399,218 | |||||
| Other long-term liabilities | 148,549 | 41,271 | |||||
| Stockholders' equity | 2,566,898 | 2,150,919 | |||||
| Total liabilities and stockholders' equity | $ | 7,144,581 | $ | 5,537,883 | |||
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MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURES (in thousands except per share amounts and percentages) (unaudited) | |||||||||||||||
| RECONCILIATION OF GAAP NET SALES TO NON-GAAP NET SALES | |||||||||||||||
| Three Months ended | Nine Months Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2016 | 2015 | 2016 | 2015 | ||||||||||||
| Net sales, as reported | $ | 834,366 | $ | 540,344 | $ | 2,505,141 | $ | 1,615,687 | |||||||
| Distributor revenue recognition adjustment | 46,821 | 11,669 | 93,879 | 29,710 | |||||||||||
| Non-GAAP net sales | $ | 881,187 | $ | 552,013 | $ | 2,599,020 | $ | 1,645,397 | |||||||
