Microchip Technology Announces Record Financial Results for Second Quarter of Fiscal Year 2023
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RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME |
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| | Three Months Ended September 30, | | Six Months Ended September 30, |
| | | 2022 | | | | 2021 | | | | 2022 | | | | 2021 | |
| Operating income, as reported | $ | 755.1 | | | $ | 416.3 | | | $ | 1,456.4 | | | $ | 785.1 | |
| Share-based compensation expense | | 41.3 | | | | 55.7 | | | | 82.5 | | | | 112.3 | |
| Acquisition-related | | 0.9 | | | | 1.2 | | | | 1.7 | | | | 2.7 | |
| Professional services associated with certain legal matters | | 2.3 | | | | 1.7 | | | | 3.2 | | | | 3.8 | |
| Amortization of acquired intangible assets | | 167.5 | | | | 215.7 | | | | 335.1 | | | | 431.3 | |
| Special charges (income) and other, net | | 4.3 | | | | 10.2 | | | | (12.6 | ) | | | 20.7 | |
| Non-GAAP operating income | $ | 971.4 | | | $ | 700.8 | | | $ | 1,866.3 | | | $ | 1,355.9 | |
| Non-GAAP operating income as a percentage of net sales | | 46.9 | % | | | 42.5 | % | | | 46.2 | % | | | 42.1 | % |
