$17.6 B

MCHP Mkt cap, 04-Dec-2018

$1.4 B

Microchip Technology Revenue Q2, 2019
Microchip Technology Gross profit (Q2, 2019)689.3 M
Microchip Technology Gross profit margin (Q2, 2019), %48.1%
Microchip Technology Net income (Q2, 2019)96.3 M
Microchip Technology EBIT (Q2, 2019)102.7 M
Microchip Technology Cash, 30-Sep-2018459.7 M
Microchip Technology EV28 B

Microchip Technology Revenue

Microchip Technology revenue was $3.98 b in FY, 2018 which is a 16.8% year over year increase from the previous period.

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Microchip Technology Revenue Breakdown

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Microchip Technology revenue breakdown by business segment: 97.4% from Semiconductor Products and 2.6% from Other

Microchip Technology Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.9b2.1b2.2b3.4b4.0b

Revenue growth, %

11%1%57%17%

Cost of goods sold

802.5m917.5m967.9m1.7b1.6b

Gross profit

1.1b1.2b1.2b1.8b2.4b

Gross profit Margin, %

58%57%55%52%61%

R&D expense

305.0m349.5m372.6m545.3m529.3m

General and administrative expense

267.3m274.8m301.7m499.8m452.1m

Operating expense total

669.9m803.9m853.1m1.5b1.5b

EBIT

458.9m425.6m352.3m275.8m936.3m

EBIT margin, %

24%20%16%8%24%

Interest expense

48.7m62.0m104.0m146.3m199.0m

Interest income

16.5m19.5m24.4m3.1m22.0m

Pre tax profit

432.4m345.9m281.3m89.8m737.3m

Income tax expense

37.1m(19.4m)(42.6m)(80.8m)481.9m

Net Income

395.3m365.3m323.9m164.6m255.4m

Microchip Technology Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

466.6m607.8m2.1b908.7m901.3m

Accounts Receivable

242.4m273.9m290.2m478.4m563.7m

Prepaid Expenses

31.8m34.7m42.0m41.4m63.9m

Inventories

262.7m279.5m306.8m417.2m476.2m

Current Assets

2.0b2.7b3.1b2.3b3.4b

PP&E

532.0m581.6m609.4m683.3m767.9m

Goodwill

276.1m571.3m1.0b2.3b2.3b

Total Assets

4.1b4.8b5.6b7.7b8.3b

Accounts Payable

74.1m86.9m79.3m149.2m144.1m

Short-term debt

17.5m50.0m1.3b

Current Liabilities

336.1m354.0m382.0m704.5m2.0b

Long-term debt

631.4m462.0m2.5b2.9b1.8b

Non-Current Liabilities

37.6m43.3m41.3m217.2m3.0b

Total Debt

17.5m462.0m2.5b3.0b3.1b

Total Liabilities

373.6m397.3m423.3m921.7m5.0b

Common Stock

200.0k202.0k204.0k229.0k235.0k

Additional Paid-in Capital

1.2b999.5m1.4b2.5b2.6b

Retained Earnings

1.5b1.5b1.6b1.5b1.4b

Total Equity

2.1b2.1b2.2b3.3b3.3b

Debt to Equity Ratio

0 x0.2 x1.1 x0.9 x0.9 x

Debt to Assets Ratio

0 x0.1 x0.4 x0.4 x0.4 x

Financial Leverage

1.9 x2.3 x2.6 x2.4 x2.5 x

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

617.8m481.4m456.3m563.5m539.1m331.5m600.5m490.0m663.9m773.0m826.4m672.1m635.2m459.7m

Accounts Receivable

286.7m287.5m242.6m277.0m281.1m248.0m435.5m451.0m475.1m529.0m545.4m553.1m789.4m668.8m

Prepaid Expenses

35.1m33.9m38.6m36.5m51.8m60.8m51.3m43.8m44.4m60.1m

Inventories

264.5m275.7m276.1m303.7m363.8m319.5m518.4m424.7m419.6m426.8m456.9m487.1m1.1b836.7m

Current Assets

2.5b2.0b1.8b2.3b2.8b1.6b1.7b1.5b1.7b2.3b2.4b2.3b2.8b2.2b

PP&E

569.9m585.1m577.1m595.2m631.6m622.8m732.8m717.0m698.7m694.0m722.8m754.8m1.1b1.1b

Goodwill

409.9m558.0m565.3m571.7m1.0b1.0b2.4b2.4b2.4b2.3b2.3b2.3b7.3b6.8b

Total Assets

4.5b4.6b4.6b4.9b5.8b5.4b7.4b7.1b7.1b7.9b8.1b8.1b19.2b18.7b

Accounts Payable

79.9m94.4m76.9m93.7m72.4m69.1m137.6m131.6m135.2m171.9m182.6m162.7m318.2m271.2m

Short-term debt

17.5m17.5m17.5m11.3m6.0m1.3b1.3b

Current Liabilities

359.7m385.5m353.1m372.3m371.8m343.9m573.3m578.8m651.6m736.4m734.2m756.8m2.1b2.1b

Long-term debt

961.5m947.1m962.8m497.0m1.3b1.0b1.9b1.7b1.7b3.0b3.0b3.0b10.0b9.6b

Non-Current Liabilities

39.1m40.4m44.2m48.7m41.0m41.1m157.1m161.2m148.5m220.5m240.5m238.7m12.0b11.4b

Total Debt

17.5m964.6m980.3m497.0m1.3b1.0b1.9b1.7b1.7b3.0b3.0b3.0b11.3b10.9b

Total Liabilities

398.8m425.8m397.3m421.0m412.8m385.0m730.4m740.0m800.1m957.0m974.6m995.5m14.1b13.5b

Common Stock

200.0k201.0k201.0k202.0k203.0k203.0k215.0k216.0k216.0k233.0k234.0k234.0k200.0k200.0k

Additional Paid-in Capital

1.2b1.2b1.3b1.0b1.4b1.4b1.9b1.9b1.9b2.6b2.6b2.6b2.6b2.7b

Retained Earnings

1.5b1.5b1.5b1.6b1.6b1.6b1.4b1.4b1.4b1.6b1.7b1.3b3.1b3.2b

Total Equity

2.2b2.3b2.3b2.1b2.1b2.1b2.5b2.5b2.6b3.4b3.5b3.2b5.1b5.2b

Debt to Equity Ratio

0 x0.4 x0.4 x0.2 x0.6 x0.5 x0.8 x0.7 x0.7 x0.9 x0.9 x1 x2.2 x2.1 x

Debt to Assets Ratio

0 x0.2 x0.2 x0.1 x0.2 x0.2 x0.3 x0.2 x0.2 x0.4 x0.4 x0.4 x0.6 x0.6 x

Financial Leverage

2.1 x2 x2 x2.3 x2.7 x2.6 x2.9 x2.8 x2.8 x2.3 x2.3 x2.6 x3.8 x3.6 x

Microchip Technology Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

395.3m365.3m323.9m164.6m255.4m

Depreciation and Amortization

189.1m278.3m283.2m469.2m615.9m

Accounts Receivable

(12.5m)(15.9m)(2.1m)(46.8m)(85.3m)

Inventories

(18.5m)25.5m48.2m223.7m(59.2m)

Accounts Payable

(11.6m)(34.0m)(20.8m)(16.1m)(13.9m)

Cash From Operating Activities

676.6m721.2m744.5m1.1b1.4b

Cash From Investing Activities

(503.3m)(678.3m)800.4m(2.8b)(1.0b)

Short-term Borrowings

(1.1b)(1.7b)(1.6b)(2.8b)(187.0m)

Long-term Borrowings

(454.0k)(1.5b)(676.0k)(437.0m)(73.4m)

Dividends Paid

(281.2m)(286.5m)(291.1m)(315.4m)(337.5m)

Cash From Financing Activities

(235.0m)98.5m(59.9m)595.5m(415.3m)

Net Change in Cash

(61.7m)141.2m1.5b(1.2b)(7.4m)

Free Cash Flow

563.5m571.7m646.6m984.1m1.2b

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

89.9m181.9m266.7m130.5m195.4m256.6m(113.4m)(79.4m)27.7m170.6m359.7m108.7m35.7m132.0m

Depreciation and Amortization

61.0m131.8m205.1m60.4m131.5m207.7m113.1m226.0m340.9m151.8m304.4m459.0m172.8m393.8m

Accounts Receivable

(37.2m)(29.4m)15.4m(3.1m)5.2m40.0m(9.9m)(25.4m)(43.6m)(50.6m)(67.0m)(74.8m)(55.2m)65.4m

Inventories

25.0m32.1m28.7m(23.9m)(4.6m)34.8m121.1m216.0m220.7m(9.9m)(40.1m)(70.2m)83.8m261.5m

Accounts Payable

(4.4m)(15.8m)(39.0m)16.2m(31.4m)(44.4m)(18.0m)22.0m(22.3m)36.3m25.8m41.8m(2.2m)(37.8m)

Cash From Operating Activities

165.8m357.8m542.7m181.5m331.4m541.9m224.0m446.1m736.9m345.0m695.1m1.1b302.4m789.9m

Cash From Investing Activities

(272.4m)(520.2m)(676.8m)(187.2m)(727.9m)(781.8m)(2.3b)(2.3b)(2.4b)(391.3m)(592.0m)(961.6m)(6.7b)(6.7b)

Short-term Borrowings

(170.0m)(308.5m)(427.9m)(110.0m)(190.0m)(571.0m)(602.0m)(951.5m)(1.1b)(60.0m)(113.0m)(187.0m)(151.5m)(532.5m)

Long-term Borrowings

(4.5m)9.0m(13.6m)(166.0k)(334.0k)(504.0k)(195.0k)(391.0k)(587.0k)(195.0k)(15.6m)(74.0m)(2.1b)(2.3b)

Dividends Paid

(71.2m)(142.6m)(214.4m)(72.3m)(145.0m)(217.9m)(77.2m)(154.9m)(232.8m)(82.9m)(167.4m)(252.4m)(85.5m)(171.4m)

Cash From Financing Activities

257.8m177.4m124.0m(38.6m)327.7m(36.5m)580.0m267.8m185.8m(89.4m)(185.4m)(335.1m)6.1b5.5b

Net Change in Cash

151.2m14.8m(10.3m)(44.3m)(68.7m)(276.4m)(1.5b)(1.6b)(1.4b)(135.6m)(82.3m)(236.6m)(266.1m)(441.6m)

Free Cash Flow

121.2m274.5m422.7m147.9m267.9m460.5m205.5m409.4m684.6m322.9m613.1m911.7m213.0m628.5m

Microchip Technology Ratios

USDY, 2018

EV/EBIT

273 x

EV/CFO

35.5 x

EV/FCF

44.6 x

Debt/Equity

2.1 x

Debt/Assets

0.6 x

Financial Leverage

3.6 x
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Microchip Technology Operating Metrics

Microchip Technology's Customers was reported to be 115 k in Feb, 2018. Microchip Technology's Backlog was reported to be $1.6b in FY, 2017.
FY, 2015FY, 2016FY, 2017Jun, 2017Sep, 2017Dec, 2017Feb, 2018

Backlog

$765 m$1.21 b$1.62 b

Microcontrollers Shipped

15 b17 b19 b

Microcontrollers Offered

1.30 k1.40 k2.80 k

Development Tools Shipped

1.80 b2 m2.20 m

Customers

91 k93 k115 k115 k

Book-to-bill Ratio

111%111%105%100%109%
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Microchip Technology Employee Rating

3.8679 votes
Culture & Values
4.0
Work/Life Balance
4.1
Senior Management
3.5
Salary & Benefits
3.5
Career Opportunities
3.7
Source