MICROCHIP TECHNOLOGY INCORPORATED (MCHP) FY2025 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-04-01 to 2024-09-30

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MICROCHIP TECHNOLOGY INCORPORATED cash flow reconciliation, Apr 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $207,700,000.00Depreciation and amortization → Operating adjustments reconciliation: $376,300,000.00Decrease (increase) in accounts receivable → Operating adjustments reconciliation: $99,400,000.00Share-based compensation expense related to equity incentive plans → Operating adjustments reconciliation: $90,300,000.00Amortization of debt discount → Operating adjustments reconciliation: $28,100,000.00Amortization of debt issuance costs → Operating adjustments reconciliation: $4,300,000.00Operating adjustments reconciliation → Net cash from operating activities: $213,000,000.00Operating adjustments reconciliation → (Decrease) increase in accounts payable and accrued liabilities: $182,300,000.00Operating adjustments reconciliation → Change in income tax payable: $60,800,000.00Operating adjustments reconciliation → Change in other assets and liabilities: $50,000,000.00Operating adjustments reconciliation → Deferred income taxes: $49,700,000.00Operating adjustments reconciliation → Other: $24,300,000.00Operating adjustments reconciliation → Increase in inventories: $18,300,000.00Other investing → investing reconciliation: $2,400,000.00Proceeds from capital-related government incentives → investing reconciliation: $100,000.00investing reconciliation → Investments in other assets: $98,500,000.00investing reconciliation → Capital expenditures: $93,700,000.00Net cash used in financing activities → financing reconciliation: $264,600,000.00Proceeds from issuance of Commercial Paper → financing reconciliation: $6,354,200,000.00Proceeds from issuance of convertible debt → financing reconciliation: $1,250,000,000.00Proceeds from sale of common stock → financing reconciliation: $33,600,000.00financing reconciliation → Repayments of Commercial Paper: $6,170,600,000.00financing reconciliation → Repayment of senior notes: $1,000,000,000.00financing reconciliation → Payment of cash dividends: $486,300,000.00financing reconciliation → Purchase of capped call options: $105,000,000.00financing reconciliation → Repurchase of common stock: $90,000,000.00financing reconciliation → Tax payments related to shares withheld for vested RSUs: $33,200,000.00financing reconciliation → Deferred financing costs: $16,500,000.00financing reconciliation → Capital lease payments: $800,000.00Net cash used in investing activities → investing reconciliation: $189,700,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $319,700,000.00Net cash from operating activities → Cash sources and uses: $420,700,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $286,100,000.00Cash sources and uses → Net cash used in investing activities: $189,700,000.00Cash sources and uses → Net cash used in financing activities: $264,600,000.00Increase in inventories: -$18,300,000.00Inventories−$18.30 MLoss on settlement of debt: $0.00Net income: $207,700,000.00Net income+$207.70 MAmortization of debt discount: $28,100,000.00Discount & premium amortization+$28.10 MAmortization of debt issuance costs: $4,300,000.00Debt issuance cost amortization+$4.30 MDeferred income taxes: -$49,700,000.00Deferred income taxes−$49.70 MOther: -$24,300,000.00Other operating, net−$24.30 MDepreciation and amortization: $376,300,000.00Depreciation & amortization+$376.30 M(Decrease) increase in accounts payable and accrued liabilities: -$182,300,000.00Payables & accrued liabilities−$182.30 MDecrease (increase) in accounts receivable: $99,400,000.00Accounts receivable+$99.40 MShare-based compensation expense related to equity incentive plans: $90,300,000.00Stock-based compensation+$90.30 MImpairment of intangible assets: $0.00Change in other assets and liabilities: -$50,000,000.00Other working capital, net−$50.00 MChange in income tax payable: -$60,800,000.00Income taxes payable−$60.80 MNet cash from operating activities: $420,700,000.00Operating cash+$420.70 MOperating adjustments reconciliation: $598,400,000.00Proceeds from borrowings on Revolving Credit Facility: $0.00Proceeds from sale of common stock: $33,600,000.00Common stock issued+$33.60 MRepurchase of common stock: -$90,000,000.00Common stock repurchases−$90.00 MProceeds from borrowings on Revolving Credit Facility: $0.00Proceeds from issuance of Commercial Paper: $6,354,200,000.00Commercial paper issued+$6.35 BRepayment of senior notes: -$1,000,000,000.00Senior debt repaid−$1.00 BRepayments of Commercial Paper: -$6,170,600,000.00Commercial paper repaid−$6.17 BPayments on settlement of convertible debt: $0.00Capital lease payments: -$800,000.00Finance lease payments−$800.00 KTax payments related to shares withheld for vested RSUs: -$33,200,000.00Stock-award tax withholding−$33.20 MPayment of cash dividends: -$486,300,000.00Ordinary dividends paid−$486.30 MProceeds from issuance of convertible debt: $1,250,000,000.00Convertible debt issued+$1.25 BDeferred financing costs: -$16,500,000.00Financing costs paid−$16.50 MPurchase of capped call options: -$105,000,000.00Capped call purchases−$105.00 MProceeds from borrowings on 2025 Term Loan Facility: $0.00Net cash used in financing activities: -$264,600,000.00. Cash required to fund net payments.Financing cash−$264.60 Mfinancing reconciliation: $7,902,400,000.00Capital expenditures: -$93,700,000.00PP&E purchases−$93.70 MInvestments in other assets: -$98,500,000.00Other capital spending−$98.50 MProceeds from capital-related government incentives: $100,000.00Capital incentives received+$100.00 KOther investing: $2,400,000.00Other investing, net+$2.40 MNet cash used in investing activities: -$189,700,000.00. Cash required to fund net payments.Investing cash−$189.70 Minvesting reconciliation: $192,200,000.00Cash sources and uses: $740,400,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $319,700,000.00Beginning cash$319.70 MEnding cash: Cash, cash equivalents, and restricted cash: $286,100,000.00Ending cash$286.10 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$327.00 MOperating cash − cash spent on PP&ECash flow / Net income2.03×Operating cash flow ÷ net incomeNet cash change−$33.60 MEnding cash − beginning cash
Chart details

MICROCHIP TECHNOLOGY INCORPORATED cash flow reconciliation, Apr 1, 2024 through Sep 30, 2024

Cash flows for Apr 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2024
319,700,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
420,700,000 US dollars. Net cash provided.
Net income
207,700,000 US dollars
Increase in inventories
negative 18,300,000 US dollars
Loss on settlement of debt
0 US dollars
Amortization of debt discount
28,100,000 US dollars
Amortization of debt issuance costs
4,300,000 US dollars
Deferred income taxes
negative 49,700,000 US dollars
Other
negative 24,300,000 US dollars
Depreciation and amortization
376,300,000 US dollars
(Decrease) increase in accounts payable and accrued liabilities
negative 182,300,000 US dollars
Decrease (increase) in accounts receivable
99,400,000 US dollars
Share-based compensation expense related to equity incentive plans
90,300,000 US dollars
Impairment of intangible assets
0 US dollars
Change in other assets and liabilities
negative 50,000,000 US dollars
Change in income tax payable
negative 60,800,000 US dollars
Investing activities
negative 189,700,000 US dollars. Net cash used.
Capital expenditures
negative 93,700,000 US dollars
Investments in other assets
negative 98,500,000 US dollars
Proceeds from capital-related government incentives
100,000 US dollars
Other investing
2,400,000 US dollars
Financing activities
negative 264,600,000 US dollars. Net cash used.
Proceeds from borrowings on Revolving Credit Facility
0 US dollars
Proceeds from sale of common stock
33,600,000 US dollars
Repurchase of common stock
negative 90,000,000 US dollars
Proceeds from borrowings on Revolving Credit Facility
0 US dollars
Proceeds from issuance of Commercial Paper
6,354,200,000 US dollars
Repayment of senior notes
negative 1,000,000,000 US dollars
Repayments of Commercial Paper
negative 6,170,600,000 US dollars
Payments on settlement of convertible debt
0 US dollars
Capital lease payments
negative 800,000 US dollars
Tax payments related to shares withheld for vested RSUs
negative 33,200,000 US dollars
Payment of cash dividends
negative 486,300,000 US dollars
Proceeds from issuance of convertible debt
1,250,000,000 US dollars
Deferred financing costs
negative 16,500,000 US dollars
Purchase of capped call options
negative 105,000,000 US dollars
Proceeds from borrowings on 2025 Term Loan Facility
0 US dollars
Operating adjustment reconciliation
598,400,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
7,902,400,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
192,200,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Sep 30, 2024
286,100,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
740,400,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 33,600,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.03×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
420,700,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
93,700,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
327,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $213.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 420,700,000 US dollars minus 93,700,000 US dollars equals 327,000,000 US dollars.
MICROCHIP TECHNOLOGY INCORPORATED (MCHP) FY2025 YTD Q2 Statement of Cash Flows Sankey chart
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