Microchip Technology Announces Financial Results For Fourth Quarter and Fiscal Year 2024

(1) Amortization of acquired intangible assets consists of core and developed technology and customer-related acquired intangible assets in connection with business combinations. Such charges are excluded for purposes of calculating certain non-GAAP measures. The use of acquired intangible assets contributed to our revenues earned during the periods presented.


RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET

 Three Months Ended March 31, Twelve Months Ended March 31,
  2024   2023   2024   2023 
Other expense, net, as reported$(53.8) $(46.2) $(205.1) $(206.3)
Loss on settlement of debt       12.2   8.3 
Non-cash other expense, net          0.1 
Non-GAAP other expense, net$(53.8) $(46.2)  $ (192.9 )   $ (197.9 )
GAAP other expense, net, as a percentage of net sales   (4.1 )%     (2.1 )%     (2.7 )%     (2.4 )%
Non-GAAP other expense, net, as a percentage of net sales   (4.1 )%     (2.1 )%     (2.5 )%     (2.3 )%

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