MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

ASSETS

March 31,

March 31,

2016

2015

(Unaudited)

Cash and short-term investments

$

2,446,035

$

1,958,869

Accounts receivable, net

290,183

273,937

Inventories

306,815

279,456

Deferred tax assets

—

71,045

Assets held for sale

—

13,989

Other current assets

53,680

67,321

Total current assets

3,096,713

2,664,617

Property, plant & equipment, net

609,396

581,572

Long-term investments

118,549

383,326

Other assets

1,742,857

1,151,198

Total assets

$

5,567,515

$

4,780,713

LIABILITIES AND EQUITY

Accounts payable and other accrued liabilities

$

198,577

$

187,844

Deferred income on shipments to distributors

183,432

166,128

Total current liabilities

382,009

353,972

Long-term line of credit

1,052,000

461,952

Senior convertible debentures

1,234,733

1,174,036

Junior convertible debentures

196,304

190,870

Long-term income tax payable

111,061

114,336

Long-term deferred tax liability

399,218

381,192

Other long-term liabilities

41,271

43,329

Microchip Technology stockholders' equity

2,150,919

2,044,654

Noncontrolling interests

—

16,372

Total equity

2,150,919

2,061,026

Total liabilities and equity

$

5,567,515

$

4,780,713