Micron Technology, Inc., Reports Results for the Third Quarter of Fiscal 2018
CONSOLIDATED FINANCIAL SUMMARY, Continued
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As of | |
May 31, 2018 | |
March 1, 2018 | |
August 31, 2017 |
| Cash and short-term investments | | $ | 7,071 | | | $ | 8,042 | | | $ | 5,428 | |
| Receivables | | 4,912 | | | 4,437 | | | 3,759 | |
| Inventories | | 3,369 | | | 3,184 | | | 3,123 | |
| Total current assets | | 15,499 | | | 15,836 | | | 12,457 | |
| Long-term marketable investments | | 487 | | | 520 | | | 617 | |
| Property, plant, and equipment, net | | 22,705 | | | 21,864 | | | 19,431 | |
| Restricted cash | | 119 | | | 113 | | | 107 | |
| Total assets | | 41,845 | | | 41,263 | | | 35,336 | |
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| Accounts payable and accrued expenses | | 3,998 | | | 4,194 | | | 3,664 | |
| Current debt (1) | | 1,454 | | | 1,514 | | | 1,262 | |
| Total current liabilities | | 5,883 | | | 6,135 | | | 5,334 | |
| Long-term debt (1) | | 5,890 | | | 7,802 | | | 9,872 | |
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| Total Micron shareholders' equity (3) | | 28,649 | | | 25,697 | | | 18,621 | |
| Noncontrolling interests in subsidiaries | | 869 | | | 869 | | | 849 | |
| Total equity | | 29,518 | | | 26,566 | | | 19,470 | |
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Nine Months Ended |
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May 31, 2018 | |
June 1, 2017 |
| Net cash provided by operating activities (a) | | $ | 12,245 | | | $ | 4,950 | |
| Net cash provided by (used for) investing activities (a) | | (6,087 | ) | | (6,259 | ) |
| Net cash provided by (used for) financing activities | | (4,443 | ) | | 1,207 | |
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| Depreciation and amortization | | 3,552 | | | 2,888 | |
| Investments in capital expenditures | | (6,798 | ) | | (3,730 | ) |
| Acquisition of Inotera | | — | | | (2,634 | ) |
| Repayments of debt | | (6,767 | ) | | (1,774 | ) |
| Proceeds from issuance of stock | | 1,636 | | | 108 | |
| Proceeds from issuance of debt | | 969 | | | 3,136 | |
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| (a) June 1, 2017 amount adjusted for the retrospective adoption of ASU 2016-18 – Restricted Cash. |
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