Microchip Technology Announces Record Financial Results for Second Quarter of Fiscal Year 2023
|
RECONCILIATION OF GAAP INCOME TAX PROVISION TO NON-GAAP INCOME TAX PROVISION |
| |
| | Three Months Ended September 30, | | Six Months Ended September 30, |
| | | 2022 | | | | 2021 | | | | 2022 | | | | 2021 | |
| Income tax provision as reported | $ | 152.9 | | | $ | 22.8 | | | $ | 292.3 | | | $ | 67.0 | |
| Income tax rate, as reported | | 21.9 | % | | | 8.6 | % | | | 21.7 | % | | | 11.9 | % |
| Other non-GAAP tax adjustment | | (49.8 | ) | | | 16.1 | | | | (109.9 | ) | | | 7.6 | |
| Non-GAAP income tax provision | $ | 103.1 | | | $ | 38.9 | | | $ | 182.4 | | | $ | 74.6 | |
| Non-GAAP income tax rate | | 11.2 | % | | | 6.0 | % | | | 10.3 | % | | | 6.0 | % |
