Microchip technology incorporated (MCHP)
CashFlow / Yearly
Mar'20Mar'19Mar'18Mar'17Mar'16Mar'15Mar'14Mar'13Mar'12Mar'11Mar'10Mar'09Mar'08
Cash flows from operating activities:
Net income

570,600

355,900

255,400

164,600

323,900

365,325

395,281

127,389

336,705

418,950

217,005

245,587

296,793

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

1,215,600

876,400

615,900

469,200

283,200

278,298

189,139

204,097

99,424

106,612

90,057

96,046

100,076

Deferred income taxes

-490,300

-62,200

51,200

-126,900

-60,400

-32,811

5,321

-28,368

21,954

24,003

22,330

28,111

8,987

Share-based compensation expense related to equity incentive plans

170,200

166,400

93,200

128,100

71,400

58,596

53,787

52,069

38,289

36,812

36,778

32,481

32,846

Excess tax benefit from share-based compensation

-

-

-

-

800

1,216

1,411

297

576

1,854

2,094

-6,798

-21,184

Loss on settlement of debt

-5,400

-12,600

-16,000

-43,900

0

-50,631

0

0

-

-

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

21,914

Convertible debt derivatives - revaluation and amortization

-

-

-

-

-

-

-

-138

-204

185

-230

-944

128

Amortization of Debt Discount (Premium)

121,700

114,600

106,100

56,100

48,000

14,791

8,970

8,197

7,512

6,847

6,258

5,171

68

Amortization of Debt Issuance Costs

17,100

16,500

6,600

4,500

4,000

2,463

1,959

217

219

219

215

215

-

Losses on equity method investments

0

-200

-200

-200

-300

-317

-177

-617

-195

157

0

0

-

Gains on sale of assets

2,200

0

5,900

100

1,000

0

-244

256

411

89

100

-100

-937

Losses on write-down of fixed assets

2,700

800

100

-2,600

0

-362

0

-400

0

0

-

-

-

Impairment of Intangible Assets (Excluding Goodwill)

2,200

3,100

500

11,900

600

1,881

350

0

0

-

-

-

-

Gains on marketable equity securities

2,500

0

0

-

-

-

-

-

-

-

-

-

-

Impairment of available-for-sale investments

0

6,000

15,500

1,400

4,000

0

0

-

-

-

-

-

-

Losses on available-for-sale investments and marketable equity securities, net

-

-

-

100

-

-

-

-

-

-

-

-

-

Realized losses (gain) on available-for-sale investments

-

-

-

-

13,700

18,469

0

0

-

-

-

-

-

Realized gain on equity method investment

-

-

-

400

2,200

0

0

-

-

-

-

-

-

Amortization of premium on available-for-sale investments

0

200

-300

0

-9,000

-9,949

-10,754

-13,186

-15,520

-

-

-

-

Other non-cash adjustment

-

-

-

-

-

-

459

-4,400

1,000

0

-1,238

-

-

Unrealized impairment loss on available-for-sale investments

-

-

-

-

-

-

-

-413

-2,158

-4,659

-4,750

3,560

2,439

Sales of trading securities, net

-

-

-

-

-

-

-

-

-

-

86,970

-73,510

-12,133

Special charges

-

-

-

-

-

-

-

-

-

-

-

860

26,763

Gain on shares of acquired company

-

-

-

-

-

-

2,438

0

0

-

7,425

6,332

0

Changes in operating assets and liabilities, excluding impact of acquisitions:
(Increase) decrease in accounts receivable

53,300

-238,800

85,300

46,800

2,100

15,893

12,508

-386

-11,845

-6,341

49,078

50,832

-13,760

Decrease (increase) in inventories

-28,800

-341,600

59,200

-223,700

-48,200

-25,517

18,500

-65,867

35,240

22,068

-15,239

-4,110

-2,902

Increase in deferred income on shipments to distributors

0

0

41,000

109,400

17,000

18,330

8,846

18,867

-31,335

38,781

15,010

-11,510

4,078

Increase (decrease) in accounts payable and accrued liabilities

11,400

-180,700

-13,900

-14,800

-26,400

-33,992

-11,633

-40,914

-61,455

-638

29,583

-25,097

12,080

Change in other assets and liabilities

13,100

24,200

-14,000

-25,700

-100

2,897

-48,685

-32,957

-7,970

-35,572

-14,919

-38,473

-7,949

Change in income tax payable

-40,500

-190,800

367,900

-2,200

41,300

-

-

-

-

-

-

-

-

Operating cash flows related to discontinued operations

-

-

-

9,300

0

0

-

-

-

-

-

-

-

Net cash provided by operating activities

1,543,800

1,674,800

1,419,600

1,059,500

744,400

721,182

676,564

459,365

411,978

582,661

452,047

-

447,307

Cash flows from investing activities:
Purchases of available-for-sale investments

2,000

167,700

1,594,800

500,300

1,573,900

959,318

1,337,482

998,977

1,149,145

1,008,056

1,576,044

2,479,175

1,857,964

Maturities of available-for-sale investments

0

78,000

786,700

400

1,322,700

-

-

-

-

-

-

-

-

Sales of available-for-sale investments and marketable equity securities

4,700

1,376,600

0

470,200

1,501,500

-

-

-

-

-

-

-

-

Sales and maturities of available-for-sale investments

-

-

-

-

-

1,097,065

951,296

856,579

983,500

1,055,286

1,502,127

2,583,152

1,959,210

Sale of equity method investment

-

-

-

1,700

2,700

0

0

-

-

-

-

-

-

Acquisition of Atmel, net of cash acquired

-

-

-

2,747,500

0

0

-

-

-

-

-

-

-

Payments to Acquire Businesses, Net of Cash Acquired

0

7,850,600

0

0

343,900

0

0

0

38,580

13,020

0

0

-

Investments in other assets

71,500

18,600

7,100

10,200

7,100

6,663

9,069

4,730

5,818

16,567

15,439

21,600

5,012

Acquisition of ISSC, net of cash acquired

-

-

-

-

-

252,469

0

0

0

0

-

-

-

Purchase of additional controlling interest in ISSC

-

-

-

-

18,000

32,095

0

0

-

-

-

-

-

Acquisition of Supertex, net of cash acquired

-

-

-

-

-

375,365

0

731,746

-

112,707

-

-

-

Other business acquisitions, net of cash acquired

-

-

-

-

-

-

11,187

20,556

-

-

-

-

-

Investment in Silicon Storage Technology, Inc.

-

-

-

-

-

-

-

-

-

-

58,402

0

0

Proceeds from sale of Fab 3

-

-

-

-

-

-

-

-

-

-

-

-

27,523

Proceeds from sale of assets

3,200

200

10,300

23,000

14,300

0

16,235

306

411

31,668

100

166

1,725

Capital expenditures

67,600

228,900

206,800

75,300

97,900

149,472

113,072

50,818

62,370

124,454

47,604

102,370

69,827

Net cash used in investing activities

-133,200

-6,811,000

-1,011,700

-2,838,000

800,400

-678,317

-503,279

-949,942

-272,002

-187,850

-195,262

-19,827

55,655

Cash flows from financing activities:
Proceeds from issuance of 2017 Senior Convertible Debt

-

-

-

2,070,000

-

1,725,000

0

0

-

-

-

-

1,127,000

Proceeds from issuance of 2017 Junior Convertible Debt

-

-

-

575,000

0

0

-

-

-

-

-

-

-

Payments on settlement of convertible debt

615,000

0

73,400

436,200

0

1,134,621

0

0

-

-

-

-

-

Proceeds from borrowings on bridge loan facility

611,900

0

0

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of 2023 and 2021 Senior Notes

0

1,989,500

0

0

0

0

-

-

-

-

-

-

-

Repayments of revolving loan under previous credit facility

-

-

-

-

-

-

650,000

761,000

0

-

-

-

-

Repayments of revolving loan under credit facility

-

-

-

-

1,614,400

1,697,642

453,500

0

0

-

-

-

-

Proceeds from borrowings on revolving loan under previous credit facility

-

-

-

-

-

-

30,000

1,381,000

0

-

-

-

-

Proceeds from borrowings on Term Loan Facility

-

-

-

-

-

-

350,000

0

0

-

-

-

-

Proceeds from borrowings on loan facility

-

-

-

-

2,204,500

1,859,594

753,500

0

0

0

-

-

-

Repayments of long-term borrowings

-

-

-

-

-

350,000

0

0

-

-

-

-

-

Repayment of debt assumed in Microsemi acquisition

0

2,056,900

0

0

-

-

-

-

-

-

-

-

-

Deferred financing costs

8,900

72,700

1,200

36,900

2,200

32,846

7,515

0

0

-

-

-

-

Payment of cash dividends

350,100

344,400

337,500

315,400

291,100

286,478

281,204

273,822

266,178

256,811

249,556

246,657

251,959

Repurchase of common stock

-

-

-

-

363,800

0

0

-

-

-

-

123,929

1,138,040

Proceeds from sale of common stock

58,800

42,600

42,000

42,200

28,700

34,433

60,086

51,365

57,457

71,940

36,478

33,555

59,112

Tax payments related to shares withheld for vested restricted stock units

68,100

71,800

44,400

58,400

21,700

19,504

22,640

15,670

-

-

-

-

-

Capital lease payments

800

800

800

800

600

604

454

0

0

-

-

-

-

Contingent consideration payment

-

-

-

-

-

-

14,700

0

0

-

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

700

1,216

1,411

297

576

1,854

2,094

6,798

21,184

Net cash (used in) provided by financing activities

-1,438,200

4,663,500

-415,300

595,500

-59,900

98,548

-235,016

382,170

-208,145

-183,017

-210,984

-330,233

-182,703

Effect of foreign exchange rate changes on cash and cash equivalents

-

-

-

-1,000

0

-201

0

986

0

0

-

-

-

Net decrease in cash and cash equivalents

-27,600

-472,700

-7,400

-1,184,000

1,484,900

141,212

-61,731

-107,421

-68,169

211,794

45,801

-41,407

320,259

Non-cash activities:
Right-of-use assets obtained in exchange of lease liabilities

24,800

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for:
Interest

355,200

347,900

85,300

-

-

-

-

-

-

-

-

-

-

Income taxes

101,300

77,600

25,900

-

-

-

-

-

-

-

-

-

-

Operating lease payments in operating cash flows

46,500

-

-

-

-

-

-

-

-

-

-

-

-

Term Loan Facility
Proceeds from borrowings on loan facility

0

3,000,000

0

0

-

-

-

-

-

-

-

-

-

Repayments of loan facility

188,000

1,088,500

0

0

-

-

-

-

-

-

-

-

-

Revolving Credit Facility
Proceeds from borrowings on loan facility

1,026,000

4,416,500

187,000

1,537,000

-

-

-

-

-

-

-

-

-

Repayments of loan facility

1,904,000

1,150,000

187,000

2,781,000

-

-

-

-

-

-

-

-

-