Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Microchip Technology Inc., consolidated balance sheet: assets

US$ in thousands

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
Cash and cash equivalents	317,400)	280,000)	401,000)	428,600)	901,300)	908,684)
Short-term investments	2,000)	2,000)	2,000)	2,300)	1,295,300)	394,088)
Accounts receivable, net	1,072,600)	997,700)	934,000)	880,600)	563,700)	478,373)
Inventories	854,400)	665,000)	685,700)	711,700)	476,200)	417,202)
Assets held for sale	—)	—)	—)	—)	—)	6,459)
Other current assets	206,200)	200,500)	194,500)	191,600)	119,800)	100,234)
Current assets	2,452,600)	2,145,200)	2,217,200)	2,214,800)	3,356,300)	2,305,040)
Property, plant and equipment, net	967,900)	854,700)	876,100)	996,700)	767,900)	683,338)
Long-term investments	—)	—)	—)	—)	—)	107,457)
Goodwill	6,673,600)	6,670,600)	6,664,800)	6,663,900)	2,299,000)	2,299,009)
Intangible assets, net	4,043,100)	4,794,800)	5,702,300)	6,685,600)	1,662,000)	2,148,092)
Long-term deferred tax assets	1,797,100)	1,749,200)	1,748,500)	1,677,200)	100,200)	68,870)
Other assets	265,200)	264,300)	217,200)	111,800)	71,800)	75,075)
Long-term assets	13,746,900)	14,333,600)	15,208,900)	16,135,200)	4,900,900)	5,381,841)
Total assets	16,199,500)	16,478,800)	17,426,100)	18,350,000)	8,257,200)	7,686,881)

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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Microchip Technology Inc. current assets decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Microchip Technology Inc. property, plant and equipment, net decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Long-term assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Microchip Technology Inc. long-term assets decreased from 2020 to 2021 and from 2021 to 2022.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Microchip Technology Inc. total assets decreased from 2020 to 2021 and from 2021 to 2022.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Microchip Technology Inc. cash and cash equivalents decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.
Short-term investments	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.
Accounts receivable, net	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Microchip Technology Inc. accounts receivable, net increased from 2020 to 2021 and from 2021 to 2022.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Microchip Technology Inc. inventories decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Microchip Technology Inc. (NASDAQ:MCHP)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items