Microchip Technology Announces Record Financial Results for First Quarter of Fiscal Year 2023

CONDENSED CONSOLIDATED BALANCE SHEETS
(in millions)

ASSETS
 June 30, March 31,
  2022  2022
 (Unaudited)  
Cash and short-term investments$379.1 $319.4
Accounts receivable, net 1,145.0  1,072.6
Inventories 911.8  854.4
Other current assets 207.3  206.2
Total current assets 2,643.2  2,452.6
    
Property, plant and equipment, net 994.9  967.9
Other assets 12,570.3  12,779.0
Total assets$16,208.4 $16,199.5
    
LIABILITIES AND STOCKHOLDERS' EQUITY
    
Accounts payable and accrued liabilities$1,485.4 $1,399.0
Total current liabilities 1,485.4  1,399.0
    
Long-term debt 7,563.9     7,687.4
Long-term income tax payable   706.3     704.6
Long-term deferred tax liability   40.7     39.8
Other long-term liabilities   434.2     473.9
       
Stockholders' equity   5,977.9     5,894.8
Total liabilities and stockholders' equity $ 16,208.4   $ 16,199.5

MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES

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