Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2019

 Three Months Ended Nine Months Ended
 December 31, December 31,
 2018 2017 2018 2017
Selling, general and administrative expenses, as reported$174.8  $109.1  $515.5  $337.6 
Share-based compensation expense(16.6)  (9.6)  (46.1)  (27.6) 
Acquisition-related costs(5.1)  (1.2)  (37.6)  (4.8) 
Non-GAAP selling, general and administrative expenses$153.1  $98.3  $431.8  $305.2 
Non-GAAP selling, general and administrative expenses as a percentage of net sales10.8%  9.9%  10.4%  10.2% 


RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES

 Three Months Ended Nine Months Ended
 December 31, December 31,
 2018 2017 2018 2017
Operating expenses, as reported$584.9  $361.9  $1,681.3  $1,113.4 
Share-based compensation expense(36.0)  (20.5)  (99.3)  (59.4) 
Acquisition-related costs(5.4)  (1.3)  (39.1)  (4.8) 
Amortization of acquired intangible assets(193.7)  (121.0)  (497.2)  (362.8) 
Special (income) charges and other, net1.3  (0.2)  (57.0)  (17.3) 
Non-GAAP operating expenses$351.1  $218.9  $988.7  $669.1 
Non-GAAP operating expenses as a percentage of net sales24.8%  22.0%  23.8%  22.5% 


RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME

 Three Months Ended Nine Months Ended
 December 31, December 31,
 2018 2017 2018 2017
Operating income, as reported$194.7   $ 245.2     $ 429.6     $ 692.2  
Impact of changes in distributor inventory levels 23.8         83.3      
Share-based compensation expense 39.4     24.0     110.2     70.0  
Manufacturing excursion             (0.6)  
Acquisition-related costs 5.4     1.3     39.3     4.8  
Excess capacity charges to normalize acquired inventory levels         2.3      
Acquired inventory valuation costs 74.3         363.9      
Amortization of acquired intangible assets 193.7     121.0     497.2     362.8  
Special (income) charges and other, net (1.3)     0.2     57.0     17.3  
Non-GAAP operating income $ 530.0     $ 391.7     $ 1,582.8     $ 1,146.5  
Non-GAAP operating income as a percentage of net sales 37.4%     39.4%     38.2%     38.5%  

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »



Review Article Be the first to review this article


Latest Blog Posts
Jim SparksGISCafe Guest
by Jim Sparks
Maps are (Still) Important Again
Jobs
Applications Programmer Analyst II for Southern Nevada Health District at Las Vegas, Nevada
Applications Programmer Analyst I for Southern Nevada Health District at Las Vegas, Nevada
GIS Project Manager for VHB at Wethersfield, Connecticut
Upcoming Events
Smart GEO Expo 2020 at COEX Hall C Republic of Korea Seoul Korea (South) - Aug 19 - 21, 2020
Defense Services Asia (DSA) 2020 at Kuala Lumpur Malaysia - Aug 24 - 27, 2020
IWCE 2020 Conference at Las Vegas Convention Center LAS VEGAS NV - Aug 24 - 28, 2020
ENVI Analytics Symposium (Virtual EAS) at CO - Aug 25 - 27, 2020
University of Denver GIS Masters Degree Online
UAV Expo2020 -Register   & save



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise