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
MRQ
8/31/2023
11/30/2022
MRQ
8/31/2022
8/31/2021
8/31/2020
8/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,59410,5819,3318,6338,1427,955
Cash and cash equivalents8,5779,5748,2627,7637,6247,152
Short-term investments1,0171,0071,069870518803
Receivables2,4433,3185,1305,3113,9123,195
Inventory, net of allowances, customer advances and progress billings8,3878,3596,6634,4875,6075,118
Inventory8,3878,3596,6634,4875,6075,118
Other current assets820663644502304235
Other undisclosed current assets   13974  
Total current assets:21,24422,92121,78119,90717,96516,503
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,311924904766426 
Operating lease, right-of-use asset666693678551584 
Nontrade receivables 179     
Property, plant and equipment      28,240
Long-term investments and receivables8441,4261,6471,7651,0481,164
Long-term investments8441,4261,6471,7651,0481,164
Intangible assets, net (including goodwill)1,5541,6561,6491,5771,5621,568
Goodwill1,1501,2281,2281,2281,2281,228
Intangible assets, net (excluding goodwill)404428421349334340
Restricted cash and investments    6666 
Deferred income tax assets756672702782707837
Other noncurrent assets1,2621,1711,2771,054781575
Other undisclosed noncurrent assets36,43838,41137,64532,38130,539 
Total noncurrent assets:43,01044,95344,50238,94235,71332,384
TOTAL ASSETS:64,25467,87466,28358,84953,67848,887
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,9585,4386,0905,3255,8174,626
Taxes payable364237309
Employee-related liabilities984849695
Accounts payable2,1052,1312,6232,0902,3571,840
Accrued liabilities434     
Other undisclosed accounts payable and accrued liabilities1,4193,3073,4671,8872,3741,782
Debt2781711031552701,310
Other liabilities5299161,346944548454
Total current liabilities:4,7656,5257,5396,4246,6356,390
Noncurrent Liabilities
Long-term debt and lease obligation, including:13,05210,0946,8036,6216,3734,541
Finance lease, liability1,109805783649410 
Other undisclosed long-term debt and lease obligation11,9438,6645,4105,4685,4304,541
Liabilities, other than long-term debt1,707808848569507456
Deferred income tax liabilities 117 131094
Other liabilities987808835559498452
Operating lease, liability603625610504533 
Other undisclosed noncurrent liabilities6101,1411,1861,3021,167632
Total noncurrent liabilities:15,36912,0438,8378,4928,0475,629
Total liabilities:20,13418,56816,37614,91614,68212,019
Temporary equity, carrying amount      98
Equity
Equity, attributable to parent44,12049,30649,90743,93338,99635,881
Common stock124123123122119118
Treasury stock, value(7,552)(7,552)(7,127)(4,695)(3,495)(3,221)
Additional paid in capital11,03610,33510,1979,4538,9178,214
Accumulated other comprehensive income (loss)(312)(473)(560)2719
Retained earnings40,82446,87347,27439,05133,38430,761
Equity, attributable to noncontrolling interest      889
Total equity:44,12049,30649,90743,93338,99636,770
TOTAL LIABILITIES AND EQUITY:64,25467,87466,28358,84953,67848,887

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

11/30/2023
TTM
8/31/2023
11/30/2022
TTM
8/31/2022
8/31/2021
8/31/2020
8/31/2019
Revenues15,54027,15630,75827,70521,43523,406
Cost of revenue
(Cost of Goods and Services Sold)
(16,956)(15,930)(16,860)(17,282)(14,883)(12,704)
Gross profit:(1,416)11,22613,89810,4236,55210,702
Operating expenses(4,205)(4,334)(4,230)(4,045)(3,481)(3,277)
Other operating income (expense), net(124)(30)34(95)(68)(49)
Operating income (loss):(5,745)6,8629,7026,2833,0037,376
Nonoperating income (expense)47520758118174(200)
Investment income, nonoperating4681749637114205
Other nonoperating income (expense)733(38)8160(405)
Interest and debt expense(388)(195)(189)(183)(194)(128)
Income (loss) from continuing operations before equity method investments, income taxes:(5,658)6,8749,5716,2182,9837,048
Income (loss) from equity method investments2(11)43773
Income (loss) from continuing operations before income taxes:(5,656)6,8639,5756,2552,9907,051
Income tax expense(177)(677)(888)(394)(280)(693)
Income (loss) from continuing operations:(5,833)6,1868,6875,8612,7106,358
Income before gain (loss) on sale of properties:6,1868,6875,8612,7106,358
Net income (loss):(5,833)6,1868,6875,8612,7106,358
Net loss attributable to noncontrolling interest     (23)(45)
Net income (loss) available to common stockholders, basic:(5,833)6,1868,6875,8612,6876,313
Dilutive securities, effect on basic earnings per share     (4)(12)
Net income (loss) available to common stockholders, diluted:(5,833)6,1868,6875,8612,6836,301

Comprehensive Income ($ in millions)

11/30/2023
TTM
8/31/2023
11/30/2022
TTM
8/31/2022
8/31/2021
8/31/2020
8/31/2019
Net income (loss):(5,833)6,1868,6875,8612,7106,358
Other comprehensive income (loss)248(382)(562)(69)62(1)
Comprehensive income (loss):(5,585)5,8048,1255,7922,7726,357
Comprehensive loss, net of tax, attributable to noncontrolling interest     (23)(45)
Comprehensive income (loss), net of tax, attributable to parent:(5,585)5,8048,1255,7922,7496,312

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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