Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2022

MICRON TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)

As of September 1,
2022
June 2,
2022
September 2,
2021
    
Assets   
Cash and equivalents$8,262 $9,157 $7,763 
Short-term investments 1,069  1,070  870 
Receivables 5,130  6,229  5,311 
Inventories 6,663  5,629  4,487 
Assets held for sale 13  15  974 
Other current assets 644  608  502 
Total current assets 21,781  22,708  19,907 
Long-term marketable investments   1,647     1,646     1,765  
Property, plant, and equipment   38,549     36,665     33,213  
Operating lease right-of-use assets   678     690     551  
Intangible assets   421     415     349  
Deferred tax assets   702     682     782  
Goodwill   1,228     1,228     1,228  
Other noncurrent assets   1,277     1,262     1,054  
Total assets $ 66,283   $ 65,296   $ 58,849  
       
Liabilities and equity      
Accounts payable and accrued expenses $ 6,090   $ 5,788   $ 5,325  
Current debt   103     107     155  
Other current liabilities   1,346     1,114     944  
Total current liabilities   7,539     7,009     6,424  
Long-term debt   6,803     6,856     6,621  
Noncurrent operating lease liabilities   610     629     504  
Noncurrent unearned government incentives   589     663     808  
Other noncurrent liabilities   835     858     559  
Total liabilities   16,376     16,015     14,916  
       
Commitments and contingencies      
       
Shareholders’ equity      
Common stock   123     122     122  
Additional capital   10,197     9,950     9,453  
Retained earnings   47,274     45,916     39,051  
Treasury stock   (7,127 )   (6,343 )   (4,695 )
Accumulated other comprehensive income (loss)   (560 )   (364 )   2  
Total equity   49,907     49,281     43,933  
Total liabilities and equity $ 66,283   $ 65,296   $ 58,849  
       



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