Financial Statements for Micron Technology, Inc.

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Micron Technology, Inc. financials

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Income Statement

Balance Sheet

Cash Flow

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In Millions of USD (except for per share items)	13 weeks ending 2012-05-31	13 weeks ending 2012-03-01	13 weeks ending 2011-12-01	13 weeks ending 2011-09-01	13 weeks ending 2011-06-02
Revenue	2,172.00	2,009.00	2,090.00	2,140.00	2,139.00
Other Revenue, Total	-	-	-	-	-
Total Revenue	2,172.00	2,009.00	2,090.00	2,140.00	2,139.00
Cost of Revenue, Total	1,938.00	1,799.00	1,785.00	1,819.00	1,661.00
Gross Profit	234.00	210.00	305.00	321.00	478.00
Selling/General/Admin. Expenses, Total	156.00	174.00	151.00	155.00	151.00
Research & Development	231.00	222.00	230.00	209.00	211.00
Depreciation/Amortization	-	-	-	-	-
Interest Expense(Income) - Net Operating	-	-	-	-	-
Unusual Expense (Income)	4.00	5.00	1.00	-78.00	-108.00
Other Operating Expenses, Total	33.00	12.00	-6.00	-2.00	-12.00
Total Operating Expense	2,363.00	2,214.00	2,172.00	2,080.00	1,902.00
Operating Income	-191.00	-205.00	-82.00	60.00	237.00
Interest Income(Expense), Net Non-Operating	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Other, Net	1.00	-1.00	0.00	-110.00	10.00
Income Before Tax	-243.00	-200.00	-115.00	-78.00	225.00
Income After Tax	-205.00	-209.00	-113.00	-94.00	121.00
Minority Interest	0.00	0.00	0.00	-1.00	-2.00
Equity In Affiliates	-115.00	-73.00	-74.00	-40.00	-44.00
Net Income Before Extra. Items	-320.00	-282.00	-187.00	-135.00	75.00
Accounting Change	-	-	-	-	-
Discontinued Operations	-	-	-	-	-
Extraordinary Item	-	-	-	-	-
Net Income	-320.00	-282.00	-187.00	-135.00	75.00
Preferred Dividends	-	-	-	-	-
Income Available to Common Excl. Extra Items	-320.00	-282.00	-187.00	-135.00	75.00
Income Available to Common Incl. Extra Items	-320.00	-282.00	-187.00	-135.00	75.00
Basic Weighted Average Shares	-	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-	-
Dilution Adjustment	0.00	0.00	0.00	0.00	2.00
Diluted Weighted Average Shares	987.30	982.80	981.40	992.20	1,041.70
Diluted EPS Excluding Extraordinary Items	-0.32	-0.29	-0.19	-0.14	0.07
Diluted EPS Including Extraordinary Items	-	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	-	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-	-
Depreciation, Supplemental	-	-	-	-	-
Total Special Items	-	-	-	-	-
Normalized Income Before Taxes	-	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-	-
Normalized Income After Taxes	-	-	-	-	-
Normalized Income Avail to Common	-	-	-	-	-
Basic Normalized EPS	-	-	-	-	-
Diluted Normalized EPS	-0.32	-0.28	-0.19	-0.19	0.02

In Millions of USD (except for per share items)	52 weeks ending 2011-09-01	52 weeks ending 2010-09-02	52 weeks ending 2009-09-03	52 weeks ending 2008-08-28
Revenue	8,788.00	8,482.00	4,803.00	5,841.00
Other Revenue, Total	-	-	-	-
Total Revenue	8,788.00	8,482.00	4,803.00	5,841.00
Cost of Revenue, Total	7,030.00	5,768.00	5,243.00	5,896.00
Gross Profit	1,758.00	2,714.00	-440.00	-55.00
Selling/General/Admin. Expenses, Total	592.00	528.00	354.00	455.00
Research & Development	791.00	624.00	647.00	680.00
Depreciation/Amortization	-	-	-	-
Interest Expense(Income) - Net Operating	-	-	-	-
Unusual Expense (Income)	-367.00	-448.00	182.00	430.00
Other Operating Expenses, Total	-19.00	-39.00	23.00	-50.00
Total Operating Expense	8,033.00	6,456.00	6,479.00	7,436.00
Operating Income	755.00	2,026.00	-1,676.00	-1,595.00
Interest Income(Expense), Net Non-Operating	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-
Other, Net	-103.00	54.00	-16.00	-13.00
Income Before Tax	551.00	1,920.00	-1,852.00	-1,647.00
Income After Tax	348.00	1,939.00	-1,853.00	-1,665.00
Minority Interest	-23.00	-50.00	111.00	10.00
Equity In Affiliates	-158.00	-39.00	-140.00	0.00
Net Income Before Extra. Items	167.00	1,850.00	-1,882.00	-1,655.00
Accounting Change	-	-	-	-
Discontinued Operations	-	-	-	-
Extraordinary Item	-	-	-	-
Net Income	167.00	1,850.00	-1,882.00	-1,655.00
Preferred Dividends	-	-	-	-
Income Available to Common Excl. Extra Items	167.00	1,850.00	-1,882.00	-1,655.00
Income Available to Common Incl. Extra Items	167.00	1,850.00	-1,882.00	-1,655.00
Basic Weighted Average Shares	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-
Dilution Adjustment	0.00	93.00	0.00	0.00
Diluted Weighted Average Shares	1,007.50	1,050.70	800.70	772.50
Diluted EPS Excluding Extraordinary Items	0.17	1.85	-2.35	-2.14
Diluted EPS Including Extraordinary Items	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.00	0.00	0.00	0.00
Gross Dividends - Common Stock	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-
Depreciation, Supplemental	-	-	-	-
Total Special Items	-	-	-	-
Normalized Income Before Taxes	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-
Normalized Income After Taxes	-	-	-	-
Normalized Income Avail to Common	-	-	-	-
Basic Normalized EPS	-	-	-	-
Diluted Normalized EPS	-0.06	1.57	-2.20	-1.63

In Millions of USD (except for per share items)	As of 2012-05-31	As of 2012-03-01	As of 2011-12-01	As of 2011-09-01	As of 2011-06-02
Cash & Equivalents	2,191.00	2,094.00	1,915.00	2,160.00	1,602.00
Short Term Investments	134.00	-	-	0.00	793.00
Cash and Short Term Investments	2,325.00	2,094.00	1,915.00	2,160.00	2,395.00
Accounts Receivable - Trade, Net	1,055.00	996.00	1,112.00	1,177.00	1,139.00
Receivables - Other	-	-	-	-	-
Total Receivables, Net	1,333.00	1,241.00	1,383.00	1,497.00	1,495.00
Total Inventory	1,894.00	2,081.00	2,097.00	2,080.00	2,068.00
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	78.00	243.00	96.00	95.00	87.00
Total Current Assets	5,630.00	5,659.00	5,491.00	5,832.00	6,045.00
Property/Plant/Equipment, Total - Gross	20,544.00	20,384.00	20,082.00	19,756.00	18,829.00
Accumulated Depreciation, Total	-13,386.00	-13,027.00	-12,610.00	-12,201.00	-11,726.00
Goodwill, Net	-	-	-	-	-
Intangibles, Net	386.00	400.00	401.00	414.00	424.00
Long Term Investments	764.00	335.00	397.00	535.00	499.00
Other Long Term Assets, Total	378.00	388.00	450.00	416.00	499.00
Total Assets	14,316.00	14,139.00	14,211.00	14,752.00	14,570.00
Accounts Payable	907.00	924.00	965.00	1,328.00	1,426.00
Accrued Expenses	460.00	496.00	416.00	465.00	453.00
Notes Payable/Short Term Debt	0.00	0.00	0.00	0.00	0.00
Current Port. of LT Debt/Capital Leases	262.00	150.00	146.00	140.00	184.00
Other Current liabilities, Total	548.00	532.00	494.00	547.00	525.00
Total Current Liabilities	2,177.00	2,102.00	2,021.00	2,480.00	2,588.00
Long Term Debt	2,936.00	2,165.00	1,973.00	1,861.00	1,388.00
Capital Lease Obligations	-	-	-	-	-
Total Long Term Debt	2,936.00	2,165.00	1,973.00	1,861.00	1,388.00
Total Debt	3,198.00	2,315.00	2,119.00	2,001.00	1,572.00
Deferred Income Tax	-	-	-	-	-
Minority Interest	675.00	1,373.00	1,438.00	1,382.00	1,449.00
Other Liabilities, Total	717.00	513.00	508.00	559.00	562.00
Total Liabilities	6,505.00	6,153.00	5,940.00	6,282.00	5,987.00
Redeemable Preferred Stock, Total	-	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-	-
Common Stock, Total	99.00	99.00	99.00	98.00	100.00
Additional Paid-In Capital	8,791.00	8,658.00	8,628.00	8,610.00	8,598.00
Retained Earnings (Accumulated Deficit)	-1,159.00	-839.00	-557.00	-370.00	-234.00
Treasury Stock - Common	-	-	-	-	-
Other Equity, Total	80.00	68.00	101.00	132.00	119.00
Total Equity	7,811.00	7,986.00	8,271.00	8,470.00	8,583.00
Total Liabilities & Shareholders' Equity	14,316.00	14,139.00	14,211.00	14,752.00	14,570.00
Shares Outs - Common Stock Primary Issue	-	-	-	-	-
Total Common Shares Outstanding	994.60	989.40	987.70	984.30	1,003.90

In Millions of USD (except for per share items)	As of 2011-09-01	As of 2010-09-02	As of 2009-09-03	As of 2008-08-28
Cash & Equivalents	2,160.00	2,913.00	1,485.00	1,243.00
Short Term Investments	-	-	-	119.00
Cash and Short Term Investments	2,160.00	2,913.00	1,485.00	1,362.00
Accounts Receivable - Trade, Net	1,177.00	1,302.00	661.00	741.00
Receivables - Other	-	-	-	-
Total Receivables, Net	1,497.00	1,531.00	798.00	1,032.00
Total Inventory	2,080.00	1,770.00	987.00	1,291.00
Prepaid Expenses	-	-	-	-
Other Current Assets, Total	95.00	119.00	74.00	94.00
Total Current Assets	5,832.00	6,333.00	3,344.00	3,779.00
Property/Plant/Equipment, Total - Gross	19,756.00	17,813.00	16,718.00	18,413.00
Accumulated Depreciation, Total	-12,201.00	-11,212.00	-9,629.00	-9,602.00
Goodwill, Net	-	-	-	-
Intangibles, Net	414.00	323.00	344.00	364.00
Long Term Investments	483.00	582.00	315.00	84.00
Other Long Term Assets, Total	468.00	854.00	367.00	392.00
Total Assets	14,752.00	14,693.00	11,459.00	13,430.00
Accounts Payable	1,328.00	993.00	609.00	597.00
Accrued Expenses	304.00	346.00	147.00	244.00
Notes Payable/Short Term Debt	0.00	0.00	0.00	0.00
Current Port. of LT Debt/Capital Leases	140.00	712.00	424.00	275.00
Other Current liabilities, Total	708.00	651.00	712.00	482.00
Total Current Liabilities	2,480.00	2,702.00	1,892.00	1,598.00
Long Term Debt	1,861.00	1,648.00	2,379.00	2,451.00
Capital Lease Obligations	-	-	-	-
Total Long Term Debt	1,861.00	1,648.00	2,379.00	2,451.00
Total Debt	2,001.00	2,360.00	2,803.00	2,726.00
Deferred Income Tax	-	-	-	-
Minority Interest	1,382.00	1,796.00	1,986.00	2,865.00
Other Liabilities, Total	559.00	527.00	249.00	338.00
Total Liabilities	6,282.00	6,673.00	6,506.00	7,252.00
Redeemable Preferred Stock, Total	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-
Common Stock, Total	98.00	99.00	85.00	76.00
Additional Paid-In Capital	8,610.00	8,446.00	7,257.00	6,566.00
Retained Earnings (Accumulated Deficit)	-370.00	-536.00	-2,385.00	-456.00
Treasury Stock - Common	-	-	-	-
Other Equity, Total	132.00	11.00	-4.00	-8.00
Total Equity	8,470.00	8,020.00	4,953.00	6,178.00
Total Liabilities & Shareholders' Equity	14,752.00	14,693.00	11,459.00	13,430.00
Shares Outs - Common Stock Primary Issue	-	-	-	-
Total Common Shares Outstanding	984.30	994.50	848.70	761.10

In Millions of USD (except for per share items)	39 weeks ending 2012-05-31	26 weeks ending 2012-03-01	13 weeks ending 2011-12-01	52 weeks ending 2011-09-01
Net Income/Starting Line	-789.00	-469.00	-187.00	190.00
Depreciation/Depletion	1,658.00	1,133.00	564.00	2,105.00
Amortization	-	-	-	-
Deferred Taxes	-8.00	-	-	103.00
Non-Cash Items	388.00	231.00	111.00	310.00
Changes in Working Capital	415.00	83.00	-84.00	-224.00
Cash from Operating Activities	1,664.00	978.00	404.00	2,484.00
Capital Expenditures	-1,367.00	-1,089.00	-697.00	-2,550.00
Other Investing Cash Flow Items, Total	-613.00	-94.00	-17.00	349.00
Cash from Investing Activities	-1,980.00	-1,183.00	-714.00	-2,201.00
Financing Cash Flow Items	-566.00	240.00	113.00	-376.00
Total Cash Dividends Paid	-	-	-	-
Issuance (Retirement) of Stock, Net	-	-	-	-135.00
Issuance (Retirement) of Debt, Net	913.00	-101.00	-48.00	-525.00
Cash from Financing Activities	347.00	139.00	65.00	-1,036.00
Foreign Exchange Effects	-	-	-	-
Net Change in Cash	31.00	-66.00	-245.00	-753.00
Cash Interest Paid, Supplemental	39.00	28.00	17.00	-59.00
Cash Taxes Paid, Supplemental	-15.00	-29.00	-34.00	99.00

In Millions of USD (except for per share items)	52 weeks ending 2011-09-01	52 weeks ending 2010-09-02	52 weeks ending 2009-09-03	52 weeks ending 2008-08-28
Net Income/Starting Line	190.00	1,900.00	-1,993.00	-1,665.00
Depreciation/Depletion	2,105.00	1,922.00	2,114.00	2,096.00
Amortization	-	-	-	-
Deferred Taxes	103.00	-45.00	-15.00	-
Non-Cash Items	310.00	-265.00	1,069.00	734.00
Changes in Working Capital	-224.00	-416.00	31.00	-147.00
Cash from Operating Activities	2,484.00	3,096.00	1,206.00	1,018.00
Capital Expenditures	-2,550.00	-616.00	-488.00	-2,529.00
Other Investing Cash Flow Items, Total	349.00	168.00	-186.00	437.00
Cash from Investing Activities	-2,201.00	-448.00	-674.00	-2,092.00
Financing Cash Flow Items	-376.00	-567.00	-852.00	-18.00
Total Cash Dividends Paid	-	-	-	-
Issuance (Retirement) of Stock, Net	-135.00	-13.00	275.00	4.00
Issuance (Retirement) of Debt, Net	-525.00	-640.00	287.00	139.00
Cash from Financing Activities	-1,036.00	-1,220.00	-290.00	125.00
Foreign Exchange Effects	-	-	-	-
Net Change in Cash	-753.00	1,428.00	242.00	-949.00
Cash Interest Paid, Supplemental	-59.00	-95.00	-107.00	84.00
Cash Taxes Paid, Supplemental	99.00	-2.00	43.00	36.00