Microchip Technology Announces Financial Results for First Quarter of Fiscal Year 2021
Retrieved on:
Tuesday, August 4, 2020
(3) The forecast for GAAP tax expense excludes any unexpected tax events that may occur during the quarter, as these amounts cannot be forecasted.
Key Points:
- (3) The forecast for GAAP tax expense excludes any unexpected tax events that may occur during the quarter, as these amounts cannot be forecasted.
- (4) Represents expected cash tax rate for fiscal 2021 excluding any transition tax payments associated with the Tax Cuts and Jobs Act.
- Capital expenditures for the quarter ending September30, 2020 are expected to be about $15 million.
- Capital expenditures for all of fiscal 2021 are expected to be between $50 million and $70 million.