MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(in millions, except per share amounts and percentages)
(unaudited)
RECONCILIATION OF GAAP GROSS PROFIT TO NON-GAAP GROSS PROFIT
| Three Months Ended March 31, | Twelve Months Ended March 31, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| Gross profit, as reported | $ | 1,220.4 | $ | 926.8 | $ | 4,449.6 | $ | 3,378.8 | |||||||
| Share-based compensation expense | 8.0 | 7.8 | 34.3 | 26.6 | |||||||||||
| COVID-19 shelter-in-place restrictions on manufacturing activities | — | — | — | 2.8 | |||||||||||
| Manufacturing excursion | — | 5.8 | — | 5.8 | |||||||||||
| Non-GAAP gross profit | $ | 1,228.4 | $ | 940.4 | $ | 4,483.9 | $ | 3,414.0 | |||||||
| Non-GAAP gross profit percentage | 66.6 | % | 64.1 | % | 65.7 | % | 62.8 | % | |||||||
