Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Microchip Technology Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
Accounts payable	344,700)	292,400)	246,800)	226,400)	144,100)	149,233)
Accrued compensation and benefits	213,700)	166,700)	137,500)	133,200)	87,600)	—)
Income taxes payable	121,500)	43,400)	38,000)	46,900)	27,500)	—)
Sales related reserves	408,100)	350,700)	353,000)	366,900)	—)	—)
Current portion of operating lease liabilities	33,800)	39,800)	44,500)	—)	—)	—)
Accrued expenses and other liabilities	277,200)	193,700)	208,800)	240,300)	114,500)	212,450)
Accrued liabilities	1,054,300)	794,300)	781,800)	787,300)	229,600)	212,450)
Deferred income on shipments to distributors	—)	—)	—)	—)	333,800)	292,815)
Current portion of long-term debt	—)	1,322,900)	608,800)	1,360,800)	1,309,900)	49,952)
Current liabilities	1,399,000)	2,409,600)	1,637,400)	2,374,500)	2,017,400)	704,450)
Long-term debt excluding current maturities	7,687,400)	7,581,200)	8,873,400)	8,946,200)	1,758,400)	2,900,524)
Long-term income tax payable	704,600)	689,900)	668,400)	756,200)	754,900)	184,945)
Long-term deferred tax liability	39,800)	43,900)	318,500)	706,100)	205,800)	409,045)
Other long-term liabilities	473,900)	417,100)	342,900)	279,500)	240,900)	217,206)
Long-term liabilities	8,905,700)	8,732,100)	10,203,200)	10,688,000)	2,960,000)	3,711,720)
Total liabilities	10,304,700)	11,141,700)	11,840,600)	13,062,500)	4,977,400)	4,416,170)
Preferred stock, $0.001 par value; no shares issued or outstanding	—)	—)	—)	—)	—)	—)
Common stock, $0.001 par value	600)	300)	200)	200)	200)	229)
Additional paid-in capital	2,535,900)	2,403,300)	2,675,100)	2,679,600)	2,562,500)	2,537,344)
Common stock held in treasury	(796,300)	(433,800)	(500,600)	(582,200)	(662,600)	(731,884)
Accumulated other comprehensive loss	(20,600)	(26,200)	(21,600)	(20,700)	(17,600)	(14,378)
Retained earnings	4,175,200)	3,393,500)	3,432,400)	3,210,600)	1,397,300)	1,479,400)
Stockholders’ equity	5,894,800)	5,337,100)	5,585,500)	5,287,500)	3,279,800)	3,270,711)
Total liabilities and stockholders’ equity	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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Microchip Technology Inc. current liabilities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Microchip Technology Inc. long-term liabilities decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Microchip Technology Inc. total liabilities decreased from 2020 to 2021 and from 2021 to 2022.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Microchip Technology Inc. stockholders’ equity decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Microchip Technology Inc. (NASDAQ:MCHP)

Balance Sheet: Liabilities and Stockholders’ Equity