MICRON TECHNOLOGY INC
For the period ended Aug 29, 2024. Filed Oct 4, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Oct 4, 2024
MU$725.11-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| For the year ended | August 29,2024 | August 31,2023 | September 1,2022 |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net income (loss) | $778 | $(5,833) | $8,687 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation expense and amortization of intangible assets | 7,780 | 7,756 | 7,116 |
| Stock-based compensation | 833 | 596 | 514 |
| Provision to write down inventories to net realizable value | — | 1,831 | — |
| Goodwill impairment | — | 101 | — |
| Change in operating assets and liabilities: | |||
| Receivables | (3,581) | 2,763 | 190 |
| Inventories | (488) | (3,555) | (2,179) |
| Accounts payable and accrued expenses | 1,915 | (1,302) | 334 |
| Other current liabilities | 989 | (817) | 400 |
| Other | 281 | 19 | 119 |
| Net cash provided by operating activities | 8,507 | 1,559 | 15,181 |
| Cash flows from investing activities | |||
| Expenditures for property, plant, and equipment | (8,386) | (7,676) | (12,067) |
| Purchases of available-for-sale securities | (1,999) | (723) | (1,770) |
| Proceeds from maturities and sales of available-for-sale securities | 1,794 | 1,591 | 1,615 |
| Proceeds from government incentives | 315 | 710 | 115 |
| Proceeds from sale of Lehi, Utah fab | — | — | 888 |
| Other | (33) | (93) | (366) |
| Net cash provided by (used for) investing activities | (8,309) | (6,191) | (11,585) |
| Cash flows from financing activities | |||
| Repayments of debt | (1,897) | (761) | (2,032) |
| Payments of dividends to shareholders | (513) | (504) | (461) |
| Repurchases of common stock - repurchase program | (300) | (425) | (2,432) |
| Payments on equipment purchase contracts | (149) | (138) | (141) |
| Proceeds from issuance of debt | 999 | 6,716 | 2,000 |
| Other | 18 | 95 | 86 |
| Net cash provided by (used for) financing activities | (1,842) | 4,983 | (2,980) |
| Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash | 40 | (34) | (106) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (1,604) | 317 | 510 |
| Cash, cash equivalents, and restricted cash at beginning of period | 8,656 | 8,339 | 7,829 |
| Cash, cash equivalents, and restricted cash at end of period | $7,052 | $8,656 | $8,339 |
| Supplemental disclosures | |||
| Income taxes paid, net | $(338) | $(532) | $(493) |
| Interest paid, net of amounts capitalized | (503) | (323) | (154) |
| Noncash equipment acquisitions on contracts payable | 118 | 165 | 157 |
63 | 2024 10-K
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.