Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Microchip Technology Inc., adjusted current assets

US$ in thousands

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
As Reported
Current assets	2,452,600)	2,145,200)	2,217,200)	2,214,800)	3,356,300)	2,305,040)
Adjustments
Add: Allowance for expected credit losses	6,200)	5,200)	4,900)	2,000)	2,200)	2,084)
After Adjustment
Adjusted current assets	2,458,800)	2,150,400)	2,222,100)	2,216,800)	3,358,500)	2,307,124)

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

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Microchip Technology Inc., adjusted total assets

US$ in thousands

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
As Reported
Total assets	16,199,500)	16,478,800)	17,426,100)	18,350,000)	8,257,200)	7,686,881)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	142,998)	61,468)	74,830)
Add: Allowance for expected credit losses	6,200)	5,200)	4,900)	2,000)	2,200)	2,084)
Less: Non-current deferred tax assets²	1,797,100)	1,749,200)	1,748,500)	1,677,200)	100,200)	68,870)
After Adjustment
Adjusted total assets	14,408,600)	14,734,800)	15,682,500)	16,817,798)	8,220,668)	7,694,925)

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Non-current deferred tax assets. See details »

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Microchip Technology Inc., adjusted current liabilities

US$ in thousands

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
As Reported
Current liabilities	1,399,000)	2,409,600)	1,637,400)	2,374,500)	2,017,400)	704,450)
Adjustments
Less: Current deferred revenue	73,200)	—)	—)	—)	—)	—)
After Adjustment
Adjusted current liabilities	1,325,800)	2,409,600)	1,637,400)	2,374,500)	2,017,400)	704,450)

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

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Microchip Technology Inc., adjusted total liabilities

US$ in thousands

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
As Reported
Total liabilities	10,304,700)	11,141,700)	11,840,600)	13,062,500)	4,977,400)	4,416,170)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	142,998)	61,468)	74,830)
Less: Non-current deferred tax liability²	39,800)	43,900)	318,500)	706,100)	205,800)	409,045)
Less: Deferred revenue	117,600)	—)	—)	—)	—)	—)
Less: Liability for restructuring and other exit costs	16,000)	15,900)	24,300)	47,800)	28,100)	40,225)
After Adjustment
Adjusted total liabilities	10,131,300)	11,081,900)	11,497,800)	12,451,598)	4,804,968)	4,041,730)

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Non-current deferred tax liability. See details »

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Microchip Technology Inc., adjusted stockholders’ equity

US$ in thousands

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
As Reported
Stockholders’ equity	5,894,800)	5,337,100)	5,585,500)	5,287,500)	3,279,800)	3,270,711)
Adjustments
Less: Net deferred tax asset (liability)¹	1,757,300)	1,705,300)	1,430,000)	971,100)	(105,600)	(340,175)
Add: Allowance for expected credit losses	6,200)	5,200)	4,900)	2,000)	2,200)	2,084)
Add: Deferred revenue	117,600)	—)	—)	—)	—)	—)
Add: Liability for restructuring and other exit costs	16,000)	15,900)	24,300)	47,800)	28,100)	40,225)
After Adjustment
Adjusted stockholders’ equity	4,277,300)	3,652,900)	4,184,700)	4,366,200)	3,415,700)	3,653,195)

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

¹ Net deferred tax asset (liability). See details »

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Microchip Technology Inc., adjusted capitalization table

US$ in thousands

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
As Reported
Current portion of long-term debt	—)	1,322,900)	608,800)	1,360,800)	1,309,900)	49,952)
Long-term debt excluding current maturities	7,687,400)	7,581,200)	8,873,400)	8,946,200)	1,758,400)	2,900,524)
Total reported debt	7,687,400)	8,904,100)	9,482,200)	10,307,000)	3,068,300)	2,950,476)
Stockholders’ equity	5,894,800)	5,337,100)	5,585,500)	5,287,500)	3,279,800)	3,270,711)
Total reported capital	13,582,200)	14,241,200)	15,067,700)	15,594,500)	6,348,100)	6,221,187)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	142,998)	61,468)	74,830)
Add: Current portion of operating lease liabilities²	33,800)	39,800)	44,500)	—)	—)	—)
Add: Non-current portion of operating lease liabilities (included in Other long-term liabilities)³	128,900)	125,400)	94,700)	—)	—)	—)
Adjusted total debt	7,850,100)	9,069,300)	9,621,400)	10,449,998)	3,129,768)	3,025,306)
Adjustments to Equity
Less: Net deferred tax asset (liability)⁴	1,757,300)	1,705,300)	1,430,000)	971,100)	(105,600)	(340,175)
Add: Allowance for expected credit losses	6,200)	5,200)	4,900)	2,000)	2,200)	2,084)
Add: Deferred revenue	117,600)	—)	—)	—)	—)	—)
Add: Liability for restructuring and other exit costs	16,000)	15,900)	24,300)	47,800)	28,100)	40,225)
Adjusted stockholders’ equity	4,277,300)	3,652,900)	4,184,700)	4,366,200)	3,415,700)	3,653,195)
After Adjustment
Adjusted total capital	12,127,400)	12,722,200)	13,806,100)	14,816,198)	6,545,468)	6,678,501)

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current portion of operating lease liabilities. See details »

³ Non-current portion of operating lease liabilities (included in Other long-term liabilities). See details »

⁴ Net deferred tax asset (liability). See details »

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Microchip Technology Inc., adjusted net sales

US$ in thousands

12 months ended:	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
As Reported
Net sales	6,820,900)	5,438,400)	5,274,200)	5,349,500)	3,980,800)	3,407,807)
Adjustment
Add: Increase (decrease) in deferred revenue	117,600)	—)	—)	—)	—)	—)
After Adjustment
Adjusted net sales	6,938,500)	5,438,400)	5,274,200)	5,349,500)	3,980,800)	3,407,807)

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

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Microchip Technology Inc., adjusted net income

US$ in thousands

12 months ended:	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
As Reported
Net income	1,285,500)	349,400)	570,600)	355,900)	255,400)	164,639)
Adjustments
Add: Deferred income tax expense (benefit)¹	7,900)	(138,900)	(490,300)	(62,200)	51,200)	(126,888)
Add: Increase (decrease) in allowance for expected credit losses	1,000)	300)	2,900)	(200)	100)	(456)
Add: Increase (decrease) in deferred revenue	117,600)	—)	—)	—)	—)	—)
Add: Increase (decrease) in liability for restructuring and other exit costs	100)	(8,400)	(23,500)	600)	(12,100)	40,167)
Less: Net loss from discontinued operations	—)	—)	—)	—)	—)	(5,953)
Add: Other comprehensive income (loss), net of tax effect	5,600)	(4,600)	400)	(1,400)	(3,200)	(11,021)
After Adjustment
Adjusted net income	1,417,700)	197,800)	60,100)	292,700)	291,400)	72,394)

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

¹ Deferred income tax expense (benefit). See details »

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Microchip Technology Inc. (NASDAQ:MCHP)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income