Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2024

MICRON TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)
 
As of August 29,
2024
May 30,
2024
August 31,
2023
    
Assets   
Cash and equivalents$7,041 $7,594 $8,577 
Short-term investments 1,065  785  1,017 
Receivables 6,615  5,131  2,443 
Inventories 8,875  8,512  8,387 
Other current assets 776  1,297  820 
Total current assets 24,372  23,319  21,244 
Long-term marketable investments 1,046  775     844  
Property, plant, and equipment   39,749     37,926     37,928  
Operating lease right-of-use assets   645     660     666  
Intangible assets   416     413     404  
Deferred tax assets   520     597     756  
Goodwill   1,150     1,150     1,150  
Other noncurrent assets   1,518     1,415     1,262  
Total assets $ 69,416   $ 66,255   $ 64,254  
       
Liabilities and equity      
Accounts payable and accrued expenses $ 7,299   $ 5,145   $ 3,958  
Current debt   431     398     278  
Other current liabilities   1,518     1,297     529  
Total current liabilities   9,248     6,840     4,765  
Long-term debt   12,966     12,860     13,052  
Noncurrent operating lease liabilities   610     609     603  
Noncurrent unearned government incentives   550     672     727  
Other noncurrent liabilities   911     1,049     987  
Total liabilities   24,285     22,030     20,134  
       
Commitments and contingencies      
       
Shareholders’ equity      
Common stock   125     125     124  
Additional capital   12,115     11,794     11,036  
Retained earnings   40,877     40,169     40,824  
Treasury stock   (7,852 )   (7,552 )   (7,552 )
Accumulated other comprehensive income (loss)   (134 )   (311 )   (312 )
Total equity   45,131     44,225     44,120  
    Total liabilities and equity $ 69,416   $ 66,255   $ 64,254  
       



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