Micron Technology, Inc. (MU) financial statements (2022 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)

2/28/2022
TTM
11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,1229,5808,6338,1427,9556,5065,428
Cash and cash equivalents9,1168,6807,7637,6247,1526,5065,109
Short-term investments1,006900870518803 319
Receivables5,3845,2505,3113,9123,1955,4783,759
Inventory, net of allowances, customer advances and progress billings5,3834,8274,4875,6075,1183,5953,123
Inventory5,3834,8274,4875,6075,1183,5953,123
Other current assets600521502304235164147
Other undisclosed current assets1313974  296 
Total current assets:21,50220,19119,90717,96516,50316,03912,457
Noncurrent Assets
Finance lease, right-of-use asset968886766426 
Operating lease, right-of-use asset587574551584 
Property, plant and equipment    28,24023,67219,431
Long-term investments and receivables1,7171,8171,7651,0481,164 633
Long-term investments1,7171,8171,7651,0481,164 633
Intangible assets, net (including goodwill)1,6421,5751,5771,5621,5681,5591,615
Goodwill1,2281,2281,2281,2281,2281,2281,228
Intangible assets, net (excluding goodwill)414347349334340331387
Restricted cash and investments  6666 81107
Deferred income tax assets762746782707837
Other noncurrent assets1,3151,1881,054781575611434
Other undisclosed noncurrent assets35,20334,26932,38130,539 1,414659
Total noncurrent assets:42,19441,05538,94235,71332,38427,33722,879
TOTAL ASSETS:63,69661,24658,84953,67848,88743,37635,336
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,6505,4705,3255,8174,6264,6113,664
Accounts payable2,2782,2172,0902,3571,8401,9231,683
Employee-related liabilities705700984849695841603
Taxes payable367448364237309402163
Other undisclosed accounts payable and accrued liabilities2,3002,1051,8872,3741,7821,4451,215
Debt1231181552701,3108591,262
Deferred revenue and credits408
Other liabilities1,145924944548454  
Other undisclosed current liabilities     284 
Total current liabilities:6,9186,5126,4246,6356,3905,7545,334
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,9536,9046,6216,3734,5413,7779,872
Finance lease, liability872808649410 
Operating lease, liability535523504533 
Other undisclosed long-term debt and lease obligation5,5465,5735,4685,4304,5413,7779,872
Liabilities, other than long-term debt741632569507456581639
Deferred income tax liabilities  1094
Other liabilities741632559498452581639
Other undisclosed noncurrent liabilities1,2391,2901,3021,167632  
Total noncurrent liabilities:8,9338,8268,4928,0475,6294,35810,511
Total liabilities:15,85115,33814,91614,68212,01910,11215,845
Temporary equity, carrying amount    9810021
Stockholders' equity
Stockholders' equity attributable to parent47,84545,90843,93338,99635,88132,29418,621
Common stock122122122119118117112
Treasury stock, value(5,362)(4,954)(4,695)(3,495)(3,221)(429)(67)
Additional paid in capital9,8169,5649,4538,9178,2148,2018,287
Accumulated other comprehensive income (loss)(138)(91)27191029
Retained earnings43,40741,26739,05133,38430,76124,39510,260
Stockholders' equity attributable to noncontrolling interest    889870849
Total stockholders' equity:47,84545,90843,93338,99636,77033,16419,470
TOTAL LIABILITIES AND EQUITY:63,69661,24658,84953,67848,88743,37635,336

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

2/28/2022
TTM
11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
Revenues31,16929,61927,70521,43523,40630,39120,322
Revenue, net20,322
Cost of revenue
(Cost of Goods and Services Sold)
(16,890)(17,367)(17,282)(14,883)(12,704)(12,500)(11,886)
Gross profit:14,27912,25210,4236,55210,70217,8918,436
Operating expenses(4,385)(4,180)(4,045)(3,481)(3,277)(2,954)(2,585)
Other operating income (expense), net37(24)(95)(68)(49)5717
Operating income:9,9318,0486,2833,0037,37614,9945,868
Nonoperating income (expense)3430118174(200)(345)(71)
Investment income, nonoperating39373711420512041
Other nonoperating income (expense)(5)(7)8160(405)(465)(112)
Interest and debt expense(193)(180)(183)(194)(128)(342)(601)
Income from continuing operations before equity method investments, income taxes:9,7727,8986,2182,9837,04814,3075,196
Income (loss) from equity method investments21283773(1)8
Income from continuing operations before income taxes:9,7937,9266,2552,9907,05114,3065,204
Income tax expense(769)(562)(394)(280)(693)(168)(114)
Net income:9,0247,3645,8612,7106,35814,1385,090
Net loss attributable to noncontrolling interest   (23)(45)(3)(1)
Net income available to common stockholders, basic:9,0247,3645,8612,6876,31314,1355,089
Dilutive securities, effect on basic earnings per share   (4)(12)  
Net income available to common stockholders, diluted:9,0247,3645,8612,6836,30114,1355,089

Comprehensive Income ($ in millions)

2/28/2022
TTM
11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
Net income:9,0247,3645,8612,7106,35814,1385,090
Other comprehensive income (loss)(219)(201)(69)62(1)(19)64
Comprehensive income:8,8057,1635,7922,7726,35714,1195,154
Comprehensive loss, net of tax, attributable to noncontrolling interest   (23)(45)(3)(1)
Comprehensive income, net of tax, attributable to parent:8,8057,1635,7922,7496,31214,1165,153

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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