Microchip Technology (MCHP) FY2022 results: revenue $6.8 billion, up 25.4% on the year
Microchip Technology Inc. (MCHP) reported revenue of $6.8 billion for fiscal 2022, the year ended 31 March 2022, up 25.4% on the year before. Net income was $1.3 billion, up 267.9%, and diluted earnings per share $2.27. The figures are the company's own, from the 10-K it filed with the SEC on 20 May 2022.
Revenue
$6.8 billion
+25.4% on the year
FY2015FY2022
Operating margin
27.1%
18.4% a year earlier
FY2015FY2022
Net income
$1.3 billion
+267.9% on the year
FY2015FY2022
Diluted EPS
$2.27
+251.9% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,843
1,916
1,544
+48.3%
Capital expenditure
370
92.6
67.6
+299.7%
Free cash flow
2,473
1,824
1,476
+35.6%
Free cash flow margin
36.3%
33.5%
28.0%
Cash from investing
-478
-173
-133
Cash from financing
-2,328
-1,864
-1,438
Depreciation and amortisation
1,144
1,153
1,216
-0.8%
Share-based compensation
210
198
170
+6.0%
Buybacks
426
0.0
0.0
Dividends paid
504
388
350
+29.7%
Dividend per share
$0.91
$0.75
$0.73
+21.8%
Diluted shares, weighted
566m
541m
512m
+4.6%
Shares outstanding at period end
555m
547m
491m
+1.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
5,895
5,337
5,586
+10.4%
Debt
7,687
8,904
9,482
-13.7%
Operating lease liabilities
129
125
94.7
+2.8%
Other liabilities
2,488
2,112
2,264
+17.8%
Total liabilities and equity
16,200
16,479
17,426
-1.7%
Fixed assets
968
855
876
+13.2%
Goodwill
6,674
6,671
6,665
+0.0%
Intangible assets
4,043
4,795
5,702
-15.7%
Investments
2.0
2.0
2.0
0.0%
Cash and equivalents
317
280
401
+13.4%
Receivables
1,073
998
934
+7.5%
Inventory
854
665
686
+28.5%
Other assets
2,268
2,214
2,160
+2.5%
Total assets
16,200
16,479
17,426
-1.7%
10-K for the year ended 31 March 2022, filed 20 May 2022: the filing.