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)

2/29/2020
TTM
11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,4817,5887,9556,5065,4284,3983,521
Cash and cash equivalents7,1186,9697,1526,5065,1094,1402,287
Short-term investments363619803 3192581,234
Receivables3,0493,4193,1955,4783,7592,0682,507
Inventory, net of allowances, customer advances and progress billings5,2084,9435,1183,5953,1232,8892,340
Inventory5,2084,9435,1183,5953,1232,8892,340
Other current assets238217235164147140228
Other undisclosed current assets   296   
Total current assets:15,97616,16716,50316,03912,4579,4958,596
Noncurrent Assets
Operating lease, right-of-use asset605608 
Property, plant and equipment29,64729,35228,24023,67219,43114,68610,554
Long-term investments and receivables5865991,164 6331,7783,492
Long-term investments5865991,164 6331,7783,492
Intangible assets, net (including goodwill)1,5601,5611,5681,5591,615464449
Goodwill1,2281,2281,2281,2281,228  
Intangible assets, net (excluding goodwill)332333340331387464449
Restricted cash and investments   81107  
Deferred income tax assets764783837
Other noncurrent assets510579575611434460455
Other undisclosed noncurrent assets   1,414659657597
Total noncurrent assets:33,67233,48232,38427,33722,87918,04515,547
TOTAL ASSETS:49,64849,64948,88743,37635,33627,54024,143
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,0775,4084,6264,6113,6643,8792,611
Accounts payable2,2452,0901,8401,9231,6831,4951,275
Employee-related liabilities566557695841603289321
Taxes payable2093363094021634185
Other undisclosed accounts payable and accrued liabilities2,0572,4251,7821,4451,2152,054930
Debt2374621,3108591,2627561,089
Due to related parties      338
Deferred revenue and credits408200205
Customer advances and deposits  15
Other liabilities508447454    
Other undisclosed current liabilities   284  (353)
Total current liabilities:5,8226,3176,3905,7545,3344,8353,905
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,1885,1884,5413,7779,8729,1546,252
Finance lease, liability343344 
Operating lease, liability548511 
Other undisclosed long-term debt and lease obligation4,2974,3334,5413,7779,8729,1546,252
Liabilities, other than long-term debt383426456581639623698
Deferred income tax liabilities  4
Other liabilities383426452581639623698
Other undisclosed noncurrent liabilities1,1341,120632    
Total noncurrent liabilities:6,7056,7345,6294,35810,5119,7776,950
Total liabilities:12,52713,05112,01910,11215,84514,61210,855
Temporary equity, carrying amount98989810021  
Stockholders' equity
Stockholders' equity attributable to parent37,02336,50035,88132,29418,62112,08012,302
Common stock119119118117112109108
Treasury stock, value(3,414)(3,271)(3,221)(429)(67)(1,029)(881)
Additional paid in capital8,7258,4288,2148,2018,2877,7367,474
Accumulated other comprehensive income (loss)(9)691029(35)13
Retained earnings31,60231,21830,76124,39510,2605,2995,588
Stockholders' equity attributable to noncontrolling interest  889870849848937
Total stockholders' equity:37,02336,50036,77033,16419,47012,92813,239
Other undisclosed liabilities and equity      49
TOTAL LIABILITIES AND EQUITY:49,64849,64948,88743,37635,33627,54024,143

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

2/29/2020
TTM
11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Revenues19,59920,63723,40630,39120,32212,39916,192
Revenue, net20,32212,39916,192
Cost of revenue
(Cost of Goods and Services Sold)
(13,655)(13,184)(12,704)(12,500)(11,886)(9,894)(10,977)
Gross profit:5,9447,45310,70217,8918,4362,5055,215
Operating expenses(3,402)(3,308)(3,277)(2,954)(2,585)(2,343)(2,498)
Other operating income (expense), net76(10)(49)5717645
Other undisclosed operating income      236
Operating income:2,6184,1357,37614,9945,8681682,998
Nonoperating expense(98)(157)(200)(345)(71)(12)(41)
Investment income, nonoperating187211205120414239
Foreign currency transaction loss, before tax      (27)
Other nonoperating expense(285)(368)(405)(465)(112)(54)(53)
Interest and debt expense(161)(142)(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:2,3593,8367,04814,3075,196(281)2,609
Income (loss) from equity method investments553(1)825447
Income (loss) from continuing operations before income taxes:2,3643,8417,05114,3065,204(256)3,056
Income tax expense(12)(271)(693)(168)(114)(19)(157)
Net income (loss):2,3523,5706,35814,1385,090(275)2,899
Net loss attributable to noncontrolling interest(55)(59)(45)(3)(1)(1) 
Net income (loss) available to common stockholders, basic:2,2973,5116,31314,1355,089(276)2,899
Dilutive securities, effect on basic earnings per share(14)(16)(12)    
Net income (loss) available to common stockholders, diluted:2,2833,4956,30114,1355,089(276)2,899

Comprehensive Income ($ in millions)

2/29/2020
TTM
11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Net income (loss):2,3523,5706,35814,1385,090(275)2,899
Other comprehensive income (loss)(15)11(1)(19)64(48)(44)
Comprehensive income (loss):2,3373,5816,35714,1195,154(323)2,855
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(55)(59)(45)(3)(1)(1)1
Comprehensive income (loss), net of tax, attributable to parent:2,2823,5226,31214,1165,153(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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