MICRON TECHNOLOGY INC
For the period ended May 30, 2024. Filed Jun 27, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 30, 2024 · Filed Jun 27, 2024
MU$725.11-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(In millions)
| Nine months ended | May 30,2024 | June 1,2023 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income (loss) | $(109) | $(4,403) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation expense and amortization of intangible assets | 5,794 | 5,819 |
| Stock-based compensation | 620 | 448 |
| Provision to write-down inventories to net realizable value | — | 1,831 |
| Change in operating assets and liabilities: | ||
| Receivables | (2,562) | 2,728 |
| Inventories | (125) | (3,406) |
| Other current assets | (435) | (35) |
| Accounts payable and accrued expenses | 846 | (1,113) |
| Other current liabilities | 769 | (677) |
| Other | 304 | 118 |
| Net cash provided by operating activities | 5,102 | 1,310 |
| Cash flows from investing activities | ||
| Expenditures for property, plant, and equipment | (5,266) | (6,215) |
| Purchases of available-for-sale securities | (1,110) | (496) |
| Proceeds from maturities and sales of available-for-sale securities | 1,433 | 1,192 |
| Proceeds from government incentives | 267 | 248 |
| Other | (35) | (90) |
| Net cash provided by (used for) investing activities | (4,711) | (5,361) |
| Cash flows from financing activities | ||
| Repayments of debt | (1,816) | (706) |
| Payments of dividends to shareholders | (384) | (378) |
| Payments on equipment purchase contracts | (127) | (112) |
| Repurchases of common stock - repurchase program | — | (425) |
| Proceeds from issuance of debt | 999 | 6,716 |
| Other | (40) | — |
| Net cash provided by (used for) financing activities | (1,368) | 5,095 |
| Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash | (15) | (13) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (992) | 1,031 |
| Cash, cash equivalents, and restricted cash at beginning of period | 8,656 | 8,339 |
| Cash, cash equivalents, and restricted cash at end of period | $7,664 | $9,370 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.