Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2021
RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET
| | Three Months Ended | | Nine Months Ended |
| | December 31, | | December 31, |
| | 2020 | | 2019 | | 2020 | | 2019 |
| Other expense, net, as reported | $ | (228.8 | ) | | | $ | (120.6 | ) | | | $ | (495.0 | ) | | | $ | (381.8 | ) | |
| Loss on settlement of debt | 142.1 | | | | — | | | | 214.0 | | | | 2.0 | | |
| Non-cash other expense, net | 13.2 | | | | 31.1 | | | | 54.6 | | | | 91.6 | | |
| Gains on equity investments | — | | | | — | | | | (0.2 | ) | | | (1.1 | ) | |
| Non-GAAP other expense, net | $ | (73.5 | ) | | | $ | (89.5 | ) | | | $ | (226.6 | ) | | | $ | (289.3 | ) | |
| Non-GAAP other expense, net, as a percentage of net sales | (5.4 | ) | % | | (7.0 | ) | % | | (5.7 | ) | % | | (7.3 | ) | % |
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