Micron Technology, Inc. (MU) Financial Statements (2024 and earlier)

Company Profile

Business Address 8000 S FEDERAL WAY
BOISE, ID 83716-9632
State of Incorp. DE
Fiscal Year End August 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

11/30/2023
Q1
8/31/2023
Q4
5/31/2023
Q3
2/28/2023
Q2
11/30/2022
Q1
8/31/2022
Q4
5/31/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,59410,35210,81810,5819,33110,227
Cash and cash equivalents8,5779,2989,7989,5748,2629,157
Short-term investments1,0171,0541,0201,0071,0691,070
Receivables2,4432,4292,2783,3185,1306,229
Inventory, net of allowances, customer advances and progress billings8,3878,2388,1298,3596,6635,629
Inventory8,3878,2388,1298,3596,6635,629
Other current assets820715673663644608
Other undisclosed current assets     1315
Total current assets:21,24421,73421,89822,92121,78122,708
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,3111,1871,084924904924
Operating lease, right-of-use asset666655673693678690
Nontrade receivables 179     
Long-term investments and receivables8449731,2121,4261,6471,646
Long-term investments8449731,2121,4261,6471,646
Intangible assets, net (including goodwill)1,5541,6621,6381,6561,6491,643
Goodwill1,1501,2521,2281,2281,2281,228
Intangible assets, net (excluding goodwill)404410410428421415
Deferred income tax assets756708697672702682
Other noncurrent assets1,2621,2211,3171,1711,2771,262
Other undisclosed noncurrent assets36,43837,54038,00138,41137,64535,741
Total noncurrent assets:43,01043,94644,62244,95344,50242,588
TOTAL ASSETS:64,25465,68066,52067,87466,28365,296
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,9584,1774,3105,4386,0905,788
Taxes payable382
Employee-related liabilities875
Accounts payable2,1052,0942,0372,1312,6232,511
Accrued liabilities434560561   
Other undisclosed accounts payable and accrued liabilities1,4191,5231,7123,3073,4672,020
Debt278259237171103107
Other liabilities5296687089161,3461,114
Total current liabilities:4,7655,1045,2556,5257,5397,009
Noncurrent Liabilities
Long-term debt and lease obligation, including:13,05212,98612,03710,0946,8036,856
Finance lease, liability1,1091,018940805783822
Other undisclosed long-term debt and lease obligation11,94311,96811,0978,6645,4105,405
Liabilities, other than long-term debt1,7071,5531,442808848858
Deferred income tax liabilities 117   13 
Other liabilities987950832808835858
Operating lease, liability603603610625610629
Other undisclosed noncurrent liabilities6106325291,1411,1861,292
Total noncurrent liabilities:15,36915,17114,00812,0438,8379,006
Total liabilities:20,13420,27519,26318,56816,37616,015
Equity
Equity, attributable to parent44,12045,40547,25749,30649,90749,281
Common stock124124123123123122
Treasury stock, value(7,552)(7,552)(7,552)(7,552)(7,127)(6,343)
Additional paid in capital11,03610,78210,63310,33510,1979,950
Accumulated other comprehensive loss(312)(340)(373)(473)(560)(364)
Retained earnings40,82442,39144,42646,87347,27445,916
Total equity:44,12045,40547,25749,30649,90749,281
TOTAL LIABILITIES AND EQUITY:64,25465,68066,52067,87466,28365,296

Income Statement (P&L) ($ in millions)

11/30/2023
Q1
8/31/2023
Q4
5/31/2023
Q3
2/28/2023
Q2
11/30/2022
Q1
8/31/2022
Q4
5/31/2022
Q3
Revenues4,0103,7523,6934,0856,6438,642
Cost of revenue
(Cost of Goods and Services Sold)
(4,445)(4,420)(4,899)(3,192)(4,021)(4,607)
Gross profit:(435)(668)(1,206)8932,6224,035
Operating expenses(942)(1,045)(1,105)(1,113)(1,124)(1,037)
Other operating income (expense), net(95)(48)811236
Operating income (loss):(1,472)(1,761)(2,303)(209)1,5213,004
Nonoperating income143127121847728
Investment income, nonoperating134127119885420
Other nonoperating income (expense)9 2(4)238
Interest and debt expense(129)(119)(89)(51)(45)(44)
Income (loss) from continuing operations before equity method investments, income taxes:(1,458)(1,753)(2,271)(176)1,5532,988
Income (loss) from equity method investments4(4)13(11)(5)(4)
Income (loss) from continuing operations before income taxes:(1,454)(1,757)(2,258)(187)1,5482,984
Income tax expense (benefit)24(139)(54)(8)(56)(358)
Income (loss) from continuing operations:(1,430)(1,896)(2,312)(195)1,4922,626
Income (loss) before gain (loss) on sale of properties:(195)1,4922,626
Net income (loss) available to common stockholders, diluted:(1,430)(1,896)(2,312)(195)1,4922,626

Comprehensive Income ($ in millions)

11/30/2023
Q1
8/31/2023
Q4
5/31/2023
Q3
2/28/2023
Q2
11/30/2022
Q1
8/31/2022
Q4
5/31/2022
Q3
Net income (loss):(1,430)(1,896)(2,312)(195)1,4922,626
Other comprehensive income (loss)283310087(196)(226)
Comprehensive income (loss), net of tax, attributable to parent:(1,402)(1,863)(2,212)(108)1,2962,400

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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