Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2022
RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET
| | Three Months Ended March 31, | | Twelve Months Ended March 31, |
| | | 2022 | | | | 2021 | | | | 2022 | | | | 2021 | |
| Other expense, net, as reported | $ | (70.3 | ) | | $ | (163.6 | ) | | $ | (367.1 | ) | | $ | (658.6 | ) |
| Loss on settlement of debt | | 11.8 | | | | 85.6 | | | | 113.4 | | | | 299.6 | |
| Non-cash other expense, net | | 8.4 | | | | 12.0 | | | | 38.6 | | | | 66.6 | |
| Gains on equity investments | | — | | | | — | | | | (5.5 | ) | | | (0.2 | ) |
| Non-GAAP other expense, net | $ | (50.1 | ) | | $ | (66.0 | ) | | $ | (220.6 | ) | | $ | (292.6 | ) |
| Non-GAAP other expense, net, as a percentage of net sales | (2.7 | )% | | (4.5 | )% | | (3.2 | )% | | (5.4 | )% |
