Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024
RECONCILIATION OF GAAP CASH FLOW FROM OPERATIONS TO FREE CASH FLOW
| | Three Months Ended September 30, | | Six Months Ended September 30, |
| | | 2023 | | | | 2022 | | | | 2023 | | | | 2022 | |
| GAAP cash flow from operations, as reported | $ | 616.2 | | | $ | 793.2 | | | $ | 1,609.4 | | | $ | 1,633.6 | |
| Capital expenditures | | (74.4 | ) | | | (110.3 | ) | | | (185.5 | ) | | | (232.2 | ) |
| Free cash flow | $ | 541.8 | | | $ | 682.9 | | | $ | 1,423.9 | | | $ | 1,401.4 | |
| GAAP cash flow from operations as a percentage of net sales | | 27.3 | % | | | 38.3 | % | | | 35.4 | % | | | 40.5 | % |
| Free cash flow as a percentage of net sales | | 24.0 | % | | | 32.9 | % | | | 31.3 | % | | | 34.7 | % |
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