Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2021
RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET
| | Three Months Ended | | Twelve Months Ended |
| | March 31, | | March 31, |
| | 2021 | | 2020 | | 2021 | | 2020 |
| Other expense, net, as reported | $ | (163.6 | ) | | $ | (114.9 | ) | | $ | (658.6 | ) | | $ | (496.7 | ) |
| Loss on settlement of debt | 85.6 | | | 3.4 | | | 299.6 | | | 5.4 | |
| Non-cash other expense, net | 12.0 | | | 31.0 | | | 66.6 | | | 122.6 | |
| Gains on equity investments | — | | | (1.5 | ) | | (0.2 | ) | | (2.6 | ) |
| Non-GAAP other expense, net | $ | (66.0 | ) | | $ | (82.0 | ) | | $ | (292.6 | ) | | $ | (371.3 | ) |
| Non-GAAP other expense, net, as a percentage of net sales | (4.5 | )% | | (6.2 | )% | | (5.4 | )% | | (7.0 | )% |
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