Microchip Technology Announces Record Financial Results for Second Quarter of Fiscal Year 2022
RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET
| | Three Months Ended September 30, | | Six Months Ended September 30, |
| | 2021 | | 2020 | | 2021 | | 2020 |
| Other expense, net, as reported | $ | (151.5 | ) | | | $ | (137.4 | ) | | | $ | (223.3 | ) | | | $ | (266.2 | ) | |
| Loss on settlement of debt | 85.2 | | | | 45.1 | | | | 85.5 | | | | 71.9 | | |
| Non-cash other expense, net | 10.1 | | | | 16.8 | | | | 21.0 | | | | 41.4 | | |
| Gains on equity investments | — | | | | — | | | | — | | | | (0.2 | ) | |
| Non-GAAP other expense, net | $ | (56.2 | ) | | | $ | (75.5 | ) | | | $ | (116.8 | ) | | | $ | (153.1 | ) | |
| Non-GAAP other expense, net, as a percentage of net sales | (3.4 | ) | % | | (5.8 | ) | % | | (3.6 | ) | % | | (5.8 | ) | % |
