MICROCHIP TECHNOLOGY INCORPORATED MCHP Cash Flow

Microchip technology incorporated (MCHP)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
Cash flows from operating activities:
Net income
570,600	645,400	383,500	370,900	355,900	327,900	27,700	120,500	255,400	245,569	603,744	448,563	164,600	95,061	49,097	80,077	323,900	355,150	378,737	405,876	365,325	378,240	398,843	406,611	395,281	343,476	248,248	127,258	127,389	148,335	215,651	316,122	336,705	381,597	404,884	428,677	418,950	369,171	337,798	279,203	217,005	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
1,215,600	1,143,400	1,087,300	1,010,700	876,400	794,600	705,300	636,900	615,900	587,275	547,643	507,859	469,200	416,463	377,673	335,966	283,200	280,848	277,973	277,685	278,298	250,547	222,486	199,717	189,139	207,333	226,103	229,262	204,097	164,722	125,352	99,318	99,424	101,629	104,164	106,524	106,612	102,475	97,735	92,837	90,057	0	0	0
Deferred income taxes
-490,300	-437,300	-101,500	-166,200	-62,200	-45,500	26,500	160,300	51,200	-7,085	-155,980	-181,706	-126,900	-101,499	-42,221	-9,985	-60,400	-49,722	-64,313	-48,001	-32,811	-13,074	-11,048	-2,296	5,321	5,803	-7,071	-25,997	-28,368	4,788	5,443	18,153	21,954	13,808	17,795	21,658	24,003	22,155	29,363	24,232	22,330	0	0	0
Share-based compensation expense related to equity incentive plans
170,200	168,400	164,500	161,800	166,400	150,700	135,100	116,100	93,200	92,011	90,131	90,921	128,100	123,386	118,231	116,867	71,400	69,286	67,140	59,387	58,596	55,825	54,725	54,452	53,787	54,731	55,132	54,739	52,069	48,532	44,374	39,251	38,289	37,497	36,944	36,385	36,812	37,228	36,656	37,231	36,778	0	0	0
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	851	641	1,479	1,216	2,511	2,393	1,411	1,411	143	185	277	297	289	286	211	576	1,055	2,256	2,239	1,854	0	0	0	-	-	-	-
Loss on settlement of debt
-5,400	-10,300	-10,500	-14,500	-12,600	-4,300	-6,300	-2,200	-16,000	-59,900	-57,700	-57,700	-43,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible debt derivatives - revaluation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	564	699	176	-138	-30	-427	-564	-204	-434	-124	116	185	-192	-439	22	-230	0	0	0
Amortization of Debt Discount (Premium)
121,700	120,300	118,500	116,800	114,600	112,300	110,100	107,900	106,100	98,193	83,987	69,894	56,100	48,998	48,667	48,334	48,000	43,389	33,727	24,198	14,791	9,599	9,384	9,174	8,970	8,773	8,576	8,383	8,197	8,038	7,858	7,682	7,512	7,326	7,162	7,002	6,847	6,697	6,547	6,400	6,258	0	0	0
Amortization of Debt Issuance Costs
17,100	17,200	17,500	17,900	16,500	13,700	10,800	7,800	6,600	6,318	5,682	5,043	4,500	4,266	4,198	4,099	4,000	3,747	3,295	2,877	2,463	2,175	2,175	2,176	1,959	1,469	980	490	217	218	218	218	219	219	219	219	219	78	78	216	215	0	0	0
Losses on equity method investments
0	0	-100	-100	-200	-200	-200	-200	-200	-233	-188	-244	-200	-178	-179	-179	-300	-477	-483	-462	-317	-95	117	51	-177	-446	-825	-756	-617	-517	-274	-255	-195	-88	178	148	157	185	-95	-52	0	0	0	0
Gains on sale of assets
-	-	-	-	-	-	-	-	5,900	5,422	5,425	4,639	100	118	215	501	1,000	960	860	560	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	89	289	139	188	100	0	0	0
Impairment of Intangible Assets (Excluding Goodwill)
2,200	500	500	1,600	3,100	3,300	3,400	2,400	500	1,974	10,116	10,016	11,900	10,249	2,054	2,584	600	597	1,855	1,475	1,881	1,861	556	756	350	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of available-for-sale investments
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses on write-down of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gains) losses on available-for-sale investments and marketable equity securities, net
-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized losses (gain) on available-for-sale investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-443	-348	-382	13,700	32,523	32,428	32,469	18,469	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized gain on equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	400	443	443	443	2,200	2,225	2,225	2,225	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premium on available-for-sale investments
0	0	0	0	200	400	500	400	-300	-495	-600	-487	0	-1,775	-4,268	-6,617	-9,000	-9,618	-9,615	-9,756	-9,949	-10,248	-10,252	-10,402	-10,754	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash adjustment
-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	459	-3,401	-4,163	-5,792	-4,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized impairment loss on available-for-sale investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,158	-6,609	-6,827	-5,151	-4,659	-8,183	-7,233	-6,469	-4,750	0	0	0
Sales of trading securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	86,970	0	0	0
Special charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Gain on shares of acquired company
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,425	0	0	0
Changes in operating assets and liabilities, excluding impact of acquisitions:
(Increase) decrease in accounts receivable
53,300	-122,600	-205,500	-237,800	-238,800	-178,900	-47,100	89,900	85,300	78,049	88,368	87,499	46,800	85,678	32,702	8,905	2,100	-8,685	-18,706	-18,258	15,893	2,683	41,244	47,293	12,508	46,829	191	-738	-386	-32,759	27,064	-24,083	-11,845	-41,282	-63,637	-537	-6,341	77,332	85,707	67,845	49,078	0	0	0
Decrease (increase) in inventories
-28,800	-2,700	-59,900	-237,300	-341,600	-355,500	-242,400	-34,500	59,200	67,174	32,350	-92,698	-223,700	-234,101	-268,747	-193,195	-48,200	-31,606	11,132	23,367	-25,517	-40,772	-45,655	-20,448	18,500	11,867	-11,430	-51,594	-65,867	-48,203	-17,168	13,540	35,240	37,586	42,107	39,133	22,068	-13,676	-28,254	-28,624	-15,239	0	0	0
Increase in deferred income on shipments to distributors
-	-	-	-	-	-	-	-	41,000	41,473	101,136	95,661	109,400	130,715	43,272	45,338	17,000	8,976	20,035	20,946	18,330	10,949	8,536	-3,234	8,846	20,704	27,927	27,648	18,867	-4,551	-32,439	-34,805	-31,335	-26,899	11,903	37,528	38,781	42,780	43,699	22,317	15,010	0	0	0
Increase (decrease) in accounts payable and accrued liabilities
11,400	-90,500	-151,300	-128,800	-180,700	-199,200	-77,600	-47,300	-13,900	49,261	33,117	34,400	-14,800	-4,227	-16,974	-60,557	-26,400	-39,425	-49,618	-13,420	-33,992	-28,764	-25,444	-19,957	-11,633	-4,245	-15,250	-41,771	-40,914	-52,796	-38,825	-38,902	-61,455	-48,557	-54,266	-19,909	-638	-4,296	21,774	38,259	29,583	0	0	0
Change in other assets and liabilities
13,100	43,300	0	-78,800	24,200	-13,700	10,400	61,600	-14,000	-59,980	-38,641	-24,970	-25,700	-8,419	20,130	17,395	-100	22,326	7,091	13,511	2,897	-31,216	-39,277	-49,547	-48,685	-9,756	-93,610	-53,225	-32,957	-56,110	18,475	8,194	-7,970	-28,645	-25,481	-49,487	-35,572	11,307	-8,602	-6,612	-14,919	0	0	0
Change in income tax payable
-40,500	-85,800	-133,100	-201,000	-190,800	-99,500	257,200	343,000	367,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating cash flows related to discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	9,300	9,348	10,314	5,996	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash provided by operating activities
1,543,800	1,575,500	1,661,500	1,753,000	1,674,800	1,630,900	1,514,400	1,377,000	1,419,600	1,382,708	1,308,510	1,180,533	1,059,500	939,401	859,076	786,839	744,400	720,401	694,762	736,922	721,182	746,013	709,475	674,980	676,564	601,106	592,017	497,766	459,365	449,462	366,190	457,644	411,978	446,535	529,273	532,648	582,661	538,152	500,402	470,298	452,047	0	0	0
Cash flows from investing activities:
Purchases of available-for-sale investments
2,000	2,000	0	0	167,700	424,400	883,100	1,275,100	1,594,800	1,803,253	1,379,675	987,675	500,300	66,183	461,836	1,003,424	1,573,900	1,780,321	1,720,809	1,357,313	959,318	1,108,783	972,315	1,130,587	1,337,482	1,292,809	1,271,636	1,349,248	998,977	843,754	926,536	853,382	1,149,145	1,110,868	876,894	1,089,740	1,008,056	1,123,405	1,821,527	1,685,974	1,576,044	0	0	0
Maturities of available-for-sale investments
0	2,300	2,100	11,300	78,000	342,400	499,600	743,400	786,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of available-for-sale investments and marketable equity securities
4,700	0	0	0	1,376,600	1,376,600	1,376,600	1,376,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales and maturities of available-for-sale investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,861,336	-	1,469,392	1,345,799	1,209,308	1,097,065	1,188,270	1,127,527	1,089,885	951,296	923,058	876,792	899,754	856,579	707,969	771,648	858,454	983,500	1,009,529	923,971	993,871	1,055,286	1,257,976	1,663,853	1,613,060	1,502,127	0	0	0
Sale of equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	1,700	501	501	501	2,700	2,667	2,667	2,667	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Businesses, Net of Cash Acquired
0	0	0	-600	7,850,600	7,850,600	7,850,600	7,851,200	0	-2,747,516	-2,747,516	-2,747,516	0	3,091,416	3,091,416	3,091,416	343,900	0	0	-375,365	0	0	0	375,365	0	-20,556	-20,556	-20,556	0	59,136	59,136	59,136	38,580	-99,687	-99,687	-99,687	13,020	112,707	112,707	112,707	0	0	0	0
Investments in other assets
71,500	46,300	23,300	19,600	18,600	14,500	12,200	6,700	7,100	6,003	10,768	11,435	10,200	10,736	7,351	6,099	7,100	7,350	5,985	7,306	6,663	6,881	9,777	8,576	9,069	8,174	5,477	4,737	4,730	2,958	2,876	6,451	5,818	8,602	20,280	17,401	16,567	24,307	11,979	14,679	15,439	0	0	0
Acquisition of ISSC, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of additional controlling interest in ISSC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,000	27,212	48,381	50,146	32,095	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
3,200	500	600	300	200	200	200	200	10,300	10,231	33,134	33,148	23,000	23,073	70	13,725	14,300	14,296	14,296	627	0	35	35	35	16,235	16,200	16,440	16,456	306	505	429	461	411	1,321	3,286	13,238	31,668	30,559	28,530	18,530	100	0	0	0
Capital expenditures
67,600	95,800	109,100	163,400	228,900	247,200	286,200	274,000	206,800	171,362	120,654	79,006	75,300	68,815	70,992	82,783	97,900	110,881	129,654	138,446	149,472	153,550	141,238	129,952	113,072	94,278	79,812	68,271	50,818	39,864	36,133	45,455	62,370	82,922	110,966	117,570	124,454	119,302	103,808	77,951	47,604	0	0	0
Net cash used in investing activities
-133,200	-141,300	-129,700	-170,800	-6,811,000	-6,817,500	-7,155,700	-7,286,800	-1,011,700	-1,449,104	-1,113,680	-933,671	-2,838,000	-768,319	-788,051	-1,308,140	800,400	-783,337	-885,995	-593,078	-678,317	-731,677	-634,380	-563,573	-503,279	-467,190	-465,867	-1,239,966	-949,942	-968,984	-984,350	-105,509	-272,002	-204,562	-93,903	-230,622	-187,850	-149,588	-416,040	-318,123	-195,262	0	0	0
Cash flows from financing activities:
Proceeds from issuance of 2023 and 2021 Senior Notes
0	0	0	0	1,989,500	1,989,500	1,989,500	1,989,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of revolving loan under previous credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of revolving loan under new credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from borrowings on revolving loan under previous credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from borrowings on Term Loan Facility
-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	350,000	350,000	350,000	350,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from borrowings on loan facility
-	-	-	-	-	-	-	-	-	0	0	317,000	-	2,604,000	2,565,000	3,339,500	2,204,500	2,204,819	2,251,219	1,500,219	1,859,594	1,072,275	1,026,375	997,875	753,500	453,500	360,000	260,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	350,000	13,125	8,750	4,375	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of loan facility
-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of debt assumed in Microsemi acquisition
0	0	0	0	2,056,900	2,056,900	2,056,900	2,056,900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs
8,900	1,800	1,800	100	72,700	72,700	73,100	73,800	1,200	0	0	0	-	-	-	-	2,200	35,002	33,252	33,252	32,846	0	0	0	7,515	7,515	7,515	7,515	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of cash dividends
350,100	348,700	347,400	346,000	344,400	342,900	341,500	340,100	337,500	334,953	327,923	321,063	315,400	306,008	300,961	296,006	291,100	289,986	288,850	287,607	286,478	285,313	284,080	282,724	281,204	279,552	277,695	275,755	273,822	271,851	269,967	268,027	266,178	198,922	261,556	259,258	256,811	319,770	252,843	251,018	249,556	0	0	0
Proceeds from sale of common stock
58,800	54,500	49,800	43,500	42,600	42,300	42,700	43,900	42,000	39,907	36,348	42,070	42,200	39,677	40,632	29,833	28,700	31,520	33,918	33,805	34,433	38,398	41,233	51,597	60,086	71,263	67,935	59,018	51,365	39,666	48,108	44,146	57,457	61,003	75,338	82,902	71,940	69,247	49,772	43,244	36,478	0	0	0
Tax payments related to shares withheld for vested restricted stock units
68,100	65,000	61,500	66,400	71,800	67,300	60,100	50,500	44,400	44,339	43,757	43,917	58,400	52,660	46,419	42,419	21,700	22,429	20,322	19,000	19,504	19,151	22,254	21,894	22,640	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease payments
800	800	800	900	800	800	800	700	800	813	809	805	800	683	657	629	600	658	640	622	604	591	574	558	454	313	178	44	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	700	851	641	1,479	1,216	2,511	2,393	1,411	1,411	143	185	277	297	289	286	211	576	1,055	2,256	2,239	1,854	0	0	0	-	-	-	-
Net cash (used in) provided by financing activities
-1,438,200	-1,469,300	-1,589,700	-1,783,400	4,663,500	4,946,700	5,274,600	5,772,000	-415,300	74,602	142,259	-73,815	595,500	162,376	-119,777	558,722	-59,900	-61,952	248,872	-197,866	98,548	67,104	62,343	103,132	-235,016	-224,109	-218,330	364,597	382,170	378,104	378,427	-223,670	-208,145	-136,864	-183,962	-174,117	-183,017	-249,239	-201,686	-205,680	-210,984	0	0	0
Effect of foreign exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-1,000	-1,007	-374	-478	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-27,600	-35,100	-57,900	-201,200	-472,700	-239,900	-366,700	-137,800	-7,400	8,213	336,463	172,525	-1,184,000	332,451	-49,126	36,943	1,484,900	-124,888	57,639	-54,223	141,212	81,239	137,237	214,539	-61,731	-90,193	-92,533	-376,617	-107,421	-140,432	-238,394	128,465	-68,169	105,109	251,408	127,909	211,794	139,325	-117,324	-53,505	45,801	0	0	0
Non-cash activities:
Right-of-use assets obtained in exchange of lease liabilities
24,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease payments in operating cash flows
46,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Term Loan Facility
Proceeds from borrowings on loan facility
0	0	0	0	3,000,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of loan facility
188,000	989,500	1,009,500	1,276,500	1,088,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving Credit Facility
Proceeds from borrowings on loan facility
1,026,000	1,373,000	1,211,000	1,135,000	4,416,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of loan facility
1,904,000	1,491,000	1,429,500	1,272,000	1,150,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-