|
MICRON TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) | ||||||
| Three months ended |
November 28,
2024 |
November 30,
2023 | ||||
| Cash flows from operating activities | ||||||
| Net income (loss) | $ | 1,870 | $ | (1,234 | ) | |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||
| Depreciation expense and amortization of intangible assets | 2,030 | 1,915 | ||||
| Stock-based compensation | 220 | 188 | ||||
| Change in operating assets and liabilities: | ||||||
| Receivables | (817 | ) | (501 | ) | ||
| Inventories | 170 | 111 | ||||
| Accounts payable and accrued expenses | (241 | ) | 271 | |||
| Other current liabilities | (161 | ) | 579 | |||
| Other | 173 | 72 | ||||
| Net cash provided by operating activities | 3,244 | 1,401 | ||||
| Cash flows from investing activities | ||||||
| Expenditures for property, plant, and equipment | (3,206 | ) | (1,796 | ) | ||
| Purchases of available-for-sale securities | (377 | ) | (199 | ) | ||
| Proceeds from maturities and sales of available-for-sale securities | 428 | 374 | ||||
| Proceeds from government incentives | 65 | 85 | ||||
| Other | (58 | ) | (22 | ) | ||
| Net cash provided by (used for) investing activities | (3,148 | ) | (1,558 | ) | ||
| Cash flows from financing activities | ||||||
| Payments of dividends to shareholders | (131 | ) | (129 | ) | ||
| Repayments of debt | (84 | ) | (53 | ) | ||
| Payments on equipment purchase contracts | — | (56 | ) | |||
| Other | (207 | ) | (114 | ) | ||
| Net cash provided by (used for) financing activities | (422 | ) | (352 | ) | ||
| Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash | (29 | ) | (1 | ) | ||
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (355 | ) | (510 | ) | ||
| Cash, cash equivalents, and restricted cash at beginning of period | 7,052 | 8,656 | ||||
| Cash, cash equivalents, and restricted cash at end of period | $ | 6,697 | $ | 8,146 | ||
