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

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

USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|

## Revenue | 1.9b | 2.1b | 2.2b | 3.4b | 4.0b |

| 11% | 1% | 57% | 17% | |

## Cost of goods sold | 802.5m | 917.5m | 967.9m | 1.7b | 1.6b |

## Gross profit | 1.1b | 1.2b | 1.2b | 1.8b | 2.4b |

| 58% | 57% | 55% | 52% | 61% |

## R&D expense | 305.0m | 349.5m | 372.6m | 545.3m | 529.3m |

## General and administrative expense | 267.3m | 274.8m | 301.7m | 499.8m | 452.1m |

## Operating expense total | 669.9m | 803.9m | 853.1m | 1.5b | 1.5b |

## EBIT | 458.9m | 425.6m | 352.3m | 275.8m | 936.3m |

| 24% | 20% | 16% | 8% | 24% |

## Interest expense | 48.7m | 62.0m | 104.0m | 146.3m | 199.0m |

## Interest income | 16.5m | 19.5m | 24.4m | 3.1m | 22.0m |

## Pre tax profit | 432.4m | 345.9m | 281.3m | 89.8m | 737.3m |

## Income tax expense | 37.1m | (19.4m) | (42.6m) | (80.8m) | 481.9m |

## Net Income | 395.3m | 365.3m | 323.9m | 164.6m | 255.4m |

USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|

## Cash | 466.6m | 607.8m | 2.1b | 908.7m | 901.3m |

## Accounts Receivable | 242.4m | 273.9m | 290.2m | 478.4m | 563.7m |

## Prepaid Expenses | 31.8m | 34.7m | 42.0m | 41.4m | 63.9m |

## Inventories | 262.7m | 279.5m | 306.8m | 417.2m | 476.2m |

## Current Assets | 2.0b | 2.7b | 3.1b | 2.3b | 3.4b |

## PP&E | 532.0m | 581.6m | 609.4m | 683.3m | 767.9m |

## Goodwill | 276.1m | 571.3m | 1.0b | 2.3b | 2.3b |

## Total Assets | 4.1b | 4.8b | 5.6b | 7.7b | 8.3b |

## Accounts Payable | 74.1m | 86.9m | 79.3m | 149.2m | 144.1m |

## Short-term debt | 17.5m | 50.0m | 1.3b | ||

## Current Liabilities | 336.1m | 354.0m | 382.0m | 704.5m | 2.0b |

## Long-term debt | 631.4m | 462.0m | 2.5b | 2.9b | 1.8b |

## Non-Current Liabilities | 37.6m | 43.3m | 41.3m | 217.2m | 3.0b |

## Total Debt | 17.5m | 462.0m | 2.5b | 3.0b | 3.1b |

## Total Liabilities | 373.6m | 397.3m | 423.3m | 921.7m | 5.0b |

## Common Stock | 200.0k | 202.0k | 204.0k | 229.0k | 235.0k |

## Additional Paid-in Capital | 1.2b | 999.5m | 1.4b | 2.5b | 2.6b |

## Retained Earnings | 1.5b | 1.5b | 1.6b | 1.5b | 1.4b |

## Total Equity | 2.1b | 2.1b | 2.2b | 3.3b | 3.3b |

## Debt to Equity Ratio | 0 x | 0.2 x | 1.1 x | 0.9 x | 0.9 x |

## Debt to Assets Ratio | 0 x | 0.1 x | 0.4 x | 0.4 x | 0.4 x |

## Financial Leverage | 1.9 x | 2.3 x | 2.6 x | 2.4 x | 2.5 x |

USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 617.8m | 481.4m | 456.3m | 563.5m | 539.1m | 331.5m | 600.5m | 490.0m | 663.9m | 773.0m | 826.4m | 672.1m | 635.2m | 459.7m |

## Accounts Receivable | 286.7m | 287.5m | 242.6m | 277.0m | 281.1m | 248.0m | 435.5m | 451.0m | 475.1m | 529.0m | 545.4m | 553.1m | 789.4m | 668.8m |

## Prepaid Expenses | 35.1m | 33.9m | 38.6m | 36.5m | 51.8m | 60.8m | 51.3m | 43.8m | 44.4m | 60.1m | ||||

## Inventories | 264.5m | 275.7m | 276.1m | 303.7m | 363.8m | 319.5m | 518.4m | 424.7m | 419.6m | 426.8m | 456.9m | 487.1m | 1.1b | 836.7m |

## Current Assets | 2.5b | 2.0b | 1.8b | 2.3b | 2.8b | 1.6b | 1.7b | 1.5b | 1.7b | 2.3b | 2.4b | 2.3b | 2.8b | 2.2b |

## PP&E | 569.9m | 585.1m | 577.1m | 595.2m | 631.6m | 622.8m | 732.8m | 717.0m | 698.7m | 694.0m | 722.8m | 754.8m | 1.1b | 1.1b |

## Goodwill | 409.9m | 558.0m | 565.3m | 571.7m | 1.0b | 1.0b | 2.4b | 2.4b | 2.4b | 2.3b | 2.3b | 2.3b | 7.3b | 6.8b |

## Total Assets | 4.5b | 4.6b | 4.6b | 4.9b | 5.8b | 5.4b | 7.4b | 7.1b | 7.1b | 7.9b | 8.1b | 8.1b | 19.2b | 18.7b |

## Accounts Payable | 79.9m | 94.4m | 76.9m | 93.7m | 72.4m | 69.1m | 137.6m | 131.6m | 135.2m | 171.9m | 182.6m | 162.7m | 318.2m | 271.2m |

## Short-term debt | 17.5m | 17.5m | 17.5m | 11.3m | 6.0m | 1.3b | 1.3b | |||||||

## Current Liabilities | 359.7m | 385.5m | 353.1m | 372.3m | 371.8m | 343.9m | 573.3m | 578.8m | 651.6m | 736.4m | 734.2m | 756.8m | 2.1b | 2.1b |

## Long-term debt | 961.5m | 947.1m | 962.8m | 497.0m | 1.3b | 1.0b | 1.9b | 1.7b | 1.7b | 3.0b | 3.0b | 3.0b | 10.0b | 9.6b |

## Non-Current Liabilities | 39.1m | 40.4m | 44.2m | 48.7m | 41.0m | 41.1m | 157.1m | 161.2m | 148.5m | 220.5m | 240.5m | 238.7m | 12.0b | 11.4b |

## Total Debt | 17.5m | 964.6m | 980.3m | 497.0m | 1.3b | 1.0b | 1.9b | 1.7b | 1.7b | 3.0b | 3.0b | 3.0b | 11.3b | 10.9b |

## Total Liabilities | 398.8m | 425.8m | 397.3m | 421.0m | 412.8m | 385.0m | 730.4m | 740.0m | 800.1m | 957.0m | 974.6m | 995.5m | 14.1b | 13.5b |

## Common Stock | 200.0k | 201.0k | 201.0k | 202.0k | 203.0k | 203.0k | 215.0k | 216.0k | 216.0k | 233.0k | 234.0k | 234.0k | 200.0k | 200.0k |

## Additional Paid-in Capital | 1.2b | 1.2b | 1.3b | 1.0b | 1.4b | 1.4b | 1.9b | 1.9b | 1.9b | 2.6b | 2.6b | 2.6b | 2.6b | 2.7b |

## Retained Earnings | 1.5b | 1.5b | 1.5b | 1.6b | 1.6b | 1.6b | 1.4b | 1.4b | 1.4b | 1.6b | 1.7b | 1.3b | 3.1b | 3.2b |

## Total Equity | 2.2b | 2.3b | 2.3b | 2.1b | 2.1b | 2.1b | 2.5b | 2.5b | 2.6b | 3.4b | 3.5b | 3.2b | 5.1b | 5.2b |

## Debt to Equity Ratio | 0 x | 0.4 x | 0.4 x | 0.2 x | 0.6 x | 0.5 x | 0.8 x | 0.7 x | 0.7 x | 0.9 x | 0.9 x | 1 x | 2.2 x | 2.1 x |

## Debt to Assets Ratio | 0 x | 0.2 x | 0.2 x | 0.1 x | 0.2 x | 0.2 x | 0.3 x | 0.2 x | 0.2 x | 0.4 x | 0.4 x | 0.4 x | 0.6 x | 0.6 x |

## Financial Leverage | 2.1 x | 2 x | 2 x | 2.3 x | 2.7 x | 2.6 x | 2.9 x | 2.8 x | 2.8 x | 2.3 x | 2.3 x | 2.6 x | 3.8 x | 3.6 x |

USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|

## Net Income | 395.3m | 365.3m | 323.9m | 164.6m | 255.4m |

## Depreciation and Amortization | 189.1m | 278.3m | 283.2m | 469.2m | 615.9m |

## Accounts Receivable | (12.5m) | (15.9m) | (2.1m) | (46.8m) | (85.3m) |

## Inventories | (18.5m) | 25.5m | 48.2m | 223.7m | (59.2m) |

## Accounts Payable | (11.6m) | (34.0m) | (20.8m) | (16.1m) | (13.9m) |

## Cash From Operating Activities | 676.6m | 721.2m | 744.5m | 1.1b | 1.4b |

## 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) | 141.2m | 1.5b | (1.2b) | (7.4m) |

## Free Cash Flow | 563.5m | 571.7m | 646.6m | 984.1m | 1.2b |

USD | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 89.9m | 181.9m | 266.7m | 130.5m | 195.4m | 256.6m | (113.4m) | (79.4m) | 27.7m | 170.6m | 359.7m | 108.7m | 35.7m | 132.0m |

## Depreciation and Amortization | 61.0m | 131.8m | 205.1m | 60.4m | 131.5m | 207.7m | 113.1m | 226.0m | 340.9m | 151.8m | 304.4m | 459.0m | 172.8m | 393.8m |

## Accounts Receivable | (37.2m) | (29.4m) | 15.4m | (3.1m) | 5.2m | 40.0m | (9.9m) | (25.4m) | (43.6m) | (50.6m) | (67.0m) | (74.8m) | (55.2m) | 65.4m |

## Inventories | 25.0m | 32.1m | 28.7m | (23.9m) | (4.6m) | 34.8m | 121.1m | 216.0m | 220.7m | (9.9m) | (40.1m) | (70.2m) | 83.8m | 261.5m |

## Accounts Payable | (4.4m) | (15.8m) | (39.0m) | 16.2m | (31.4m) | (44.4m) | (18.0m) | 22.0m | (22.3m) | 36.3m | 25.8m | 41.8m | (2.2m) | (37.8m) |

## Cash From Operating Activities | 165.8m | 357.8m | 542.7m | 181.5m | 331.4m | 541.9m | 224.0m | 446.1m | 736.9m | 345.0m | 695.1m | 1.1b | 302.4m | 789.9m |

## 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 | 257.8m | 177.4m | 124.0m | (38.6m) | 327.7m | (36.5m) | 580.0m | 267.8m | 185.8m | (89.4m) | (185.4m) | (335.1m) | 6.1b | 5.5b |

## Net Change in Cash | 151.2m | 14.8m | (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 | 121.2m | 274.5m | 422.7m | 147.9m | 267.9m | 460.5m | 205.5m | 409.4m | 684.6m | 322.9m | 613.1m | 911.7m | 213.0m | 628.5m |

USD | Y, 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's Customers was reported to be 115 k in Feb, 2018. Microchip Technology's Backlog was reported to be $1.6b in FY, 2017.

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