Micron Technology, Inc. (MU) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,0328,1427,9556,5065,4284,3983,521
Cash and cash equivalents5,9857,6247,1526,5065,1094,1402,287
Short-term investments1,047518803 3192581,234
Receivables3,6913,9123,1955,4783,7592,0682,507
Inventory, net of allowances, customer advances and progress billings5,5215,6075,1183,5953,1232,8892,340
Inventory5,5215,6075,1183,5953,1232,8892,340
Other current assets285304235164147140228
Other undisclosed current assets   296   
Total current assets:16,52917,96516,50316,03912,4579,4958,596
Noncurrent Assets
Finance lease, right-of-use asset471426 
Operating lease, right-of-use asset577584 
Property, plant and equipment  28,24023,67219,43114,68610,554
Long-term investments and receivables1,2641,0481,164 6331,7783,492
Long-term investments1,2641,0481,164 6331,7783,492
Intangible assets, net (including goodwill)1,5641,5621,5681,5591,615464449
Goodwill1,2281,2281,2281,2281,228  
Intangible assets, net (excluding goodwill)336334340331387464449
Restricted cash and investments6766 81107  
Deferred income tax assets726707837
Other noncurrent assets802781575611434460455
Other undisclosed noncurrent assets31,69130,539 1,414659657597
Total noncurrent assets:37,16235,71332,38427,33722,87918,04515,547
TOTAL ASSETS:53,69153,67848,88743,37635,33627,54024,143
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,8565,8174,6264,6113,6643,8792,611
Accounts payable1,8602,3571,8401,9231,6831,4951,275
Employee-related liabilities636849695841603289321
Taxes payable1802373094021634185
Other undisclosed accounts payable and accrued liabilities2,1802,3741,7821,4451,2152,054930
Debt2732701,3108591,2627561,089
Due to related parties      338
Deferred revenue and credits408200205
Customer advances and deposits  15
Other liabilities559548454    
Other undisclosed current liabilities   284  (353)
Total current liabilities:5,6886,6356,3905,7545,3344,8353,905
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,3566,3734,5413,7779,8729,1546,252
Finance lease, liability453410 
Operating lease, liability529533 
Other undisclosed long-term debt and lease obligation5,3745,4304,5413,7779,8729,1546,252
Liabilities, other than long-term debt555507456581639623698
Deferred income tax liabilities 94
Other liabilities555498452581639623698
Other undisclosed noncurrent liabilities1,1851,167632    
Total noncurrent liabilities:8,0968,0475,6294,35810,5119,7776,950
Total liabilities:13,78414,68212,01910,11215,84514,61210,855
Temporary equity, carrying amount  9810021  
Stockholders' equity
Stockholders' equity attributable to parent39,90738,99635,88132,29418,62112,08012,302
Common stock120119118117112109108
Treasury stock, value(3,495)(3,495)(3,221)(429)(67)(1,029)(881)
Additional paid in capital9,0348,9178,2148,2018,2877,7367,474
Accumulated other comprehensive income (loss)1107191029(35)13
Retained earnings34,13833,38430,76124,39510,2605,2995,588
Stockholders' equity attributable to noncontrolling interest  889870849848937
Total stockholders' equity:39,90738,99636,77033,16419,47012,92813,239
Other undisclosed liabilities and equity      49
TOTAL LIABILITIES AND EQUITY:53,69153,67848,88743,37635,33627,54024,143

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

11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Revenues22,06421,43523,40630,39120,32212,39916,192
Revenue, net20,32212,39916,192
Cost of revenue
(Cost of Goods and Services Sold)
(15,142)(14,883)(12,704)(12,500)(11,886)(9,894)(10,977)
Gross profit:6,9226,55210,70217,8918,4362,5055,215
Operating expenses(3,491)(3,481)(3,277)(2,954)(2,585)(2,343)(2,498)
Other operating income (expense), net(80)(68)(49)5717645
Other undisclosed operating income      236
Operating income:3,3513,0037,37614,9945,8681682,998
Nonoperating income (expense)107174(200)(345)(71)(12)(41)
Investment income, nonoperating80114205120414239
Foreign currency transaction loss, before tax      (27)
Other nonoperating income (expense)2760(405)(465)(112)(54)(53)
Interest and debt expense(195)(194)(128)(342)(601)(437)(420)
Other undisclosed income from continuing operations before equity method investments, income taxes      72
Income (loss) from continuing operations before equity method investments, income taxes:3,2632,9837,04814,3075,196(281)2,609
Income (loss) from equity method investments1873(1)825447
Income (loss) from continuing operations before income taxes:3,2812,9907,05114,3065,204(256)3,056
Income tax expense(276)(280)(693)(168)(114)(19)(157)
Net income (loss):3,0052,7106,35814,1385,090(275)2,899
Net loss attributable to noncontrolling interest(6)(23)(45)(3)(1)(1) 
Net income (loss) available to common stockholders, basic:2,9992,6876,31314,1355,089(276)2,899
Dilutive securities, effect on basic earnings per share (4)(12)    
Net income (loss) available to common stockholders, diluted:2,9992,6836,30114,1355,089(276)2,899

Comprehensive Income ($ in millions)

11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Net income (loss):3,0052,7106,35814,1385,090(275)2,899
Other comprehensive income (loss)10462(1)(19)64(48)(44)
Comprehensive income (loss):3,1092,7726,35714,1195,154(323)2,855
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)(23)(45)(3)(1)(1)1
Comprehensive income (loss), net of tax, attributable to parent:3,1032,7496,31214,1165,153(324)2,856

Statements sources

The financial statements are based on the company's filings with the 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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