Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Microchip Technology Inc., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016
Net sales	2,169,200)	2,073,200)	1,963,600)	1,844,200)	1,757,500)	1,649,800)	1,569,400)	1,467,100)	1,352,100)	1,309,500)	1,309,700)	1,326,400)	1,287,400)	1,337,800)	1,322,600)	1,329,800)	1,374,700)	1,432,500)	1,212,500)	1,002,315)	994,205)	1,012,139)	972,141)	902,666)	834,366)	871,364)	799,411)
Cost of sales	(698,400)	(675,300)	(653,700)	(623,800)	(604,200)	(581,500)	(561,800)	(540,300)	(506,300)	(501,600)	(511,400)	(512,500)	(501,900)	(510,300)	(507,400)	(509,400)	(595,100)	(743,200)	(570,500)	(387,207)	(387,146)	(398,045)	(387,702)	(369,840)	(369,107)	(460,743)	(450,921)
Gross profit	1,470,800)	1,397,900)	1,309,900)	1,220,400)	1,153,300)	1,068,300)	1,007,600)	926,800)	845,800)	807,900)	798,300)	813,900)	785,500)	827,500)	815,200)	820,400)	779,600)	689,300)	642,000)	615,108)	607,059)	614,094)	584,439)	532,826)	465,259)	410,621)	348,490)
Research and development	(282,400)	(268,600)	(269,000)	(259,100)	(245,400)	(246,200)	(238,400)	(228,500)	(210,100)	(199,800)	(198,000)	(221,800)	(217,100)	(219,800)	(219,100)	(214,800)	(217,700)	(221,900)	(171,900)	(133,644)	(131,555)	(133,621)	(130,480)	(127,182)	(132,433)	(137,795)	(147,883)
Selling, general and administrative	(202,900)	(202,400)	(188,900)	(187,200)	(177,500)	(179,900)	(174,300)	(165,100)	(154,200)	(144,700)	(146,300)	(165,700)	(170,700)	(172,300)	(167,900)	(167,500)	(174,800)	(176,600)	(164,000)	(114,480)	(109,059)	(114,289)	(114,272)	(111,160)	(111,017)	(120,129)	(157,505)
Amortization of acquired intangible assets	(167,400)	(167,500)	(167,600)	(215,500)	(215,700)	(215,700)	(215,600)	(232,400)	(231,600)	(232,900)	(235,400)	(248,500)	(248,700)	(248,200)	(248,500)	(176,800)	(193,700)	(169,900)	(133,700)	(122,739)	(121,003)	(120,913)	(120,845)	(94,311)	(82,791)	(80,394)	(80,171)
Special income (charges) and other, net	(6,500)	(4,300)	16,900)	(9,100)	300)	(10,200)	(10,500)	7,200)	(4,300)	(4,300)	(300)	(17,200)	(17,800)	(3,600)	(8,100)	23,300)	1,300)	(18,200)	(40,100)	(188)	(196)	(19,872)	2,756)	(46,086)	(20,944)	(9,543)	(22,035)
Operating expenses	(659,200)	(642,800)	(608,600)	(670,900)	(638,300)	(652,000)	(638,800)	(618,800)	(600,200)	(581,700)	(580,000)	(653,200)	(654,300)	(643,900)	(643,600)	(535,800)	(584,900)	(586,600)	(509,700)	(371,051)	(361,813)	(388,695)	(362,841)	(378,739)	(347,185)	(347,861)	(407,594)
Operating income (loss)	811,600)	755,100)	701,300)	549,500)	515,000)	416,300)	368,800)	308,000)	245,600)	226,200)	218,300)	160,700)	131,200)	183,600)	171,600)	284,600)	194,700)	102,700)	132,300)	244,057)	245,246)	225,399)	221,598)	154,087)	118,074)	62,760)	(59,104)
Losses on equity method investments	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	100)	(100)	(100)	(100)	(33)	(56)	(56)	(55)	(55)	(55)	(56)	(56)
Interest income	800)	200)	100)	—)	100)	100)	300)	900)	200)	300)	300)	500)	600)	1,000)	700)	800)	700)	900)	5,700)	7,559)	6,306)	4,609)	3,526)	1,314)	501)	445)	819)
Interest expense	(52,800)	(53,300)	(50,300)	(57,800)	(62,100)	(64,800)	(72,300)	(78,000)	(86,500)	(93,300)	(99,100)	(115,400)	(119,700)	(129,600)	(132,600)	(136,300)	(137,600)	(138,600)	(90,400)	(50,307)	(49,744)	(49,459)	(49,490)	(41,661)	(35,143)	(35,126)	(34,416)
Loss on settlement of debt	—)	(2,100)	(6,200)	(11,800)	(16,100)	(85,200)	(300)	(85,600)	(142,100)	(45,100)	(26,800)	(3,400)	—)	(100)	(1,900)	(8,300)	(200)	(4,100)	—)	(34)	(2,140)	—)	(13,826)	(43,879)	—)	—)	—)
Other income (expense)	(52,000)	(55,200)	(56,400)	(69,600)	(78,100)	(149,900)	(72,300)	(162,700)	(228,400)	(138,100)	(125,600)	(118,300)	(119,100)	(128,700)	(133,800)	(143,800)	(137,100)	(141,800)	(84,700)	(42,782)	(45,578)	(44,850)	(59,790)	(84,226)	(34,642)	(34,681)	(33,597)
Other income (loss), net	2,600)	(800)	1,700)	(700)	4,600)	(1,600)	500)	(900)	(400)	700)	(3,200)	3,400)	(1,500)	(1,400)	2,700)	10,300)	(2,500)	(200)	(9,800)	(13,033)	(2,962)	5,743)	4,452)	1,996)	121)	(2,789)	2,010)
Income (loss) before income taxes	762,200)	699,100)	646,600)	479,200)	441,500)	264,800)	297,000)	144,400)	16,800)	88,800)	89,500)	45,800)	10,600)	53,500)	40,500)	151,200)	55,000)	(39,400)	37,700)	188,209)	196,650)	186,236)	166,205)	71,802)	83,498)	25,234)	(90,747)
Income tax (provision) benefit	(181,900)	(152,900)	(139,400)	(41,300)	(88,700)	(22,800)	(44,200)	(28,400)	19,400)	(15,200)	34,100)	54,100)	300,500)	55,400)	10,200)	23,500)	(5,800)	135,700)	(2,000)	(41,466)	(447,736)	2,920)	4,382)	65,106)	23,837)	10,340)	(18,478)
Net income (loss) from continuing operations	580,300)	546,200)	507,200)	437,900)	352,800)	242,000)	252,800)	116,000)	36,200)	73,600)	123,600)	99,900)	311,100)	108,900)	50,700)	174,700)	49,200)	96,300)	35,700)	146,743)	(251,086)	189,156)	170,587)	136,908)	107,335)	35,574)	(109,225)
Net loss from discontinued operations	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(160)	(1,655)	(4,138)
Net income (loss)	580,300)	546,200)	507,200)	437,900)	352,800)	242,000)	252,800)	116,000)	36,200)	73,600)	123,600)	99,900)	311,100)	108,900)	50,700)	174,700)	49,200)	96,300)	35,700)	146,743)	(251,086)	189,156)	170,587)	136,908)	107,175)	33,919)	(113,363)

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Microchip Technology Inc. net sales increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Microchip Technology Inc. operating income (loss) increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Microchip Technology Inc. income (loss) before income taxes increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Microchip Technology Inc. net income (loss) increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Microchip Technology Inc. (NASDAQ:MCHP)

Income StatementQuarterly Data

Income Statement
Quarterly Data