MICROCHIP TECHNOLOGY INCORPORATED (MCHP) FY2024 Q3 P&L / Income Statement

MICROCHIP TECHNOLOGY INCORPORATED (MCHP) FY2024 Q3 P&L / Income Statement

Income statement for 2023-10-01 through 2023-12-31. View: Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net sales

1,765,700,000 US dollars

Cost of sales

645,700,000 US dollars

Gross profit

1,120,000,000 US dollars

Operating expenses

590,600,000 US dollars

Operating income

529,400,000 US dollars

Other income (expense), net (calculated)

negative 45,100,000 US dollars

Income before income taxes

484,300,000 US dollars

Income tax provision

65,100,000 US dollars

Net income

419,200,000 US dollars

Distributors

767,600,000 US dollars

Direct customers

973,900,000 US dollars

Licensees

24,200,000 US dollars

Research and development

266,000,000 US dollars

Selling, general and administrative

172,200,000 US dollars

Amortization of acquired intangible assets

151,300,000 US dollars

Special charges (income) and other, net

1,100,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.