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10-Q Filing

MICRON TECHNOLOGY INC CIK: 723125 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0000723125-22-000004
Period End Date 20211130
Filing Date 20220106
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance mu-20211202_htm.xml
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Common Stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Common Stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $7.76B USD Point-in-time
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $8.68B USD Point-in-time
Common Stock, authorized shares (in shares) CommonStockSharesAuthorized 3.00B shares Point-in-time
Short-term investments AvailableForSaleSecuritiesDebtSecuritiesCurrent $870.00M USD Point-in-time
Common Stock, authorized shares (in shares) CommonStockSharesAuthorized 3.00B shares Point-in-time
Short-term investments AvailableForSaleSecuritiesDebtSecuritiesCurrent $900.00M USD Point-in-time
Receivables ReceivablesNetCurrent $5.31B USD Point-in-time
Common Stock, issued (in shares) CommonStockSharesIssued 1.22B shares Point-in-time
Receivables ReceivablesNetCurrent $5.25B USD Point-in-time
Common Stock, issued (in shares) CommonStockSharesIssued 1.22B shares Point-in-time
Common Stock, outstanding (in shares) CommonStockSharesOutstanding 1.12B shares Point-in-time
Common Stock, outstanding (in shares) CommonStockSharesOutstanding 1.12B shares Point-in-time
Inventories InventoryNet $4.83B USD Point-in-time
Inventories InventoryNet $4.49B USD Point-in-time
Assets Held For Sale Current AssetsHeldForSaleCurrent $974.00M USD Point-in-time
Treasury Stock, held (in shares) TreasuryStockCommonShares 100.00M shares Point-in-time
Assets Held For Sale Current AssetsHeldForSaleCurrent $13.00M USD Point-in-time
Treasury Stock, held (in shares) TreasuryStockCommonShares 97.00M shares Point-in-time
Other current assets OtherAssetsCurrent $521.00M USD Point-in-time
Other current assets OtherAssetsCurrent $502.00M USD Point-in-time
Total current assets AssetsCurrent $20.19B USD Point-in-time
Total current assets AssetsCurrent $19.91B USD Point-in-time
Long-term marketable investments AvailableForSaleSecuritiesDebtSecuritiesNoncurrent $1.76B USD Point-in-time
Long-term marketable investments AvailableForSaleSecuritiesDebtSecuritiesNoncurrent $1.82B USD Point-in-time
Property, plant, and equipment PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $33.21B USD Point-in-time
Property, plant, and equipment PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization $35.16B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $574.00M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $551.00M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $347.00M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $349.00M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $782.00M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $746.00M USD Point-in-time
Goodwill Goodwill $1.23B USD Point-in-time
Goodwill Goodwill $1.23B USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $1.19B USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $1.05B USD Point-in-time
Total assets Assets $58.85B USD Point-in-time
Total assets Assets $61.25B USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $5.33B USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $5.47B USD Point-in-time
Current debt DebtCurrent $155.00M USD Point-in-time
Current debt DebtCurrent $118.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $924.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $944.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $6.51B USD Point-in-time
Total current liabilities LiabilitiesCurrent $6.42B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $6.90B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $6.62B USD Point-in-time
Operating Lease, Liability, Noncurrent OperatingLeaseLiabilityNoncurrent $523.00M USD Point-in-time
Operating Lease, Liability, Noncurrent OperatingLeaseLiabilityNoncurrent $504.00M USD Point-in-time
Noncurrent unearned government incentives UnearnedGovernmentIncentivesNoncurrent $808.00M USD Point-in-time
Noncurrent unearned government incentives UnearnedGovernmentIncentivesNoncurrent $767.00M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $559.00M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $632.00M USD Point-in-time
Total liabilities Liabilities $15.34B USD Point-in-time
Total liabilities Liabilities $14.92B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock, $0.10 par value, 3,000 shares authorized, 1,220 shares issued and 1,120 outstanding (1,216 shares issued and 1,119 outstanding as of September 2, 2021) CommonStockValue $122.00M USD Point-in-time
Common stock, $0.10 par value, 3,000 shares authorized, 1,220 shares issued and 1,120 outstanding (1,216 shares issued and 1,119 outstanding as of September 2, 2021) CommonStockValue $122.00M USD Point-in-time
Additional capital AdditionalPaidInCapitalCommonStock $9.56B USD Point-in-time
Additional capital AdditionalPaidInCapitalCommonStock $9.45B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $41.27B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $39.05B USD Point-in-time
Treasury stock, 100 shares held (97 shares as of September 2, 2021) TreasuryStockCommonValue $4.95B USD Point-in-time
Treasury stock, 100 shares held (97 shares as of September 2, 2021) TreasuryStockCommonValue $4.70B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $2.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-91.00M USD Point-in-time
Total equity StockholdersEquity $43.93B USD Point-in-time
Total equity StockholdersEquity $39.00B USD Point-in-time
Total equity StockholdersEquity $45.91B USD Point-in-time
Total equity StockholdersEquity $39.91B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $58.85B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $61.25B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $5.77B USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $7.69B USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $4.12B USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $4.04B USD 1 Quarter
Gross margin GrossProfit $3.56B USD 1 Quarter
Gross margin GrossProfit $1.74B USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $712.00M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $647.00M USD 1 Quarter
Selling, general, and administrative SellingGeneralAndAdministrativeExpense $214.00M USD 1 Quarter
Selling, general, and administrative SellingGeneralAndAdministrativeExpense $259.00M USD 1 Quarter
Restructure and asset impairments RestructuringSettlementAndImpairmentProvisions $38.00M USD 1 Quarter
Restructure and asset impairments RestructuringSettlementAndImpairmentProvisions $8.00M USD 1 Quarter
Other operating (income) expense, net OtherOperatingIncomeExpenseNet $-1.00M USD 1 Quarter
Other operating (income) expense, net OtherOperatingIncomeExpenseNet $75.00M USD 1 Quarter
Operating income OperatingIncomeLoss $866.00M USD 1 Quarter
Operating income OperatingIncomeLoss $2.63B USD 1 Quarter
Interest income InvestmentIncomeNet $10.00M USD 1 Quarter
Interest income InvestmentIncomeNet $10.00M USD 1 Quarter
Interest expense InterestExpense $48.00M USD 1 Quarter
Interest expense InterestExpense $45.00M USD 1 Quarter
Other non-operating income (expense), net OtherNonoperatingIncomeExpense $-75.00M USD 1 Quarter
Other non-operating income (expense), net OtherNonoperatingIncomeExpense $13.00M USD 1 Quarter
Income (loss) before income taxes, net income (loss) attributable to noncontrolling interests, and equity in net income (loss) of equity method investees IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $2.52B USD 1 Quarter
Income (loss) before income taxes, net income (loss) attributable to noncontrolling interests, and equity in net income (loss) of equity method investees IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $841.00M USD 1 Quarter
Income tax (provision) benefit IncomeTaxExpenseBenefit $219.00M USD 1 Quarter
Income tax (provision) benefit IncomeTaxExpenseBenefit $51.00M USD 1 Quarter
Equity in net income (loss) of equity method investees IncomeLossFromEquityMethodInvestments $4.00M USD 1 Quarter
Equity in net income (loss) of equity method investees IncomeLossFromEquityMethodInvestments $13.00M USD 1 Quarter
Net income NetIncomeLoss $803.00M USD 1 Quarter
Net income NetIncomeLoss $2.31B USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.72 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $2.06 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.71 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $2.04 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.12B shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 1.11B shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.14B shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 1.13B shares 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $803.00M USD 1 Quarter
Net income NetIncomeLoss $2.31B USD 1 Quarter
Depreciation expense and amortization of intangible assets DepreciationDepletionAndAmortization $1.67B USD 1 Quarter
Depreciation expense and amortization of intangible assets DepreciationDepletionAndAmortization $1.49B USD 1 Quarter
Stock-based compensation ShareBasedCompensation $92.00M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $118.00M USD 1 Quarter
(Gain) loss on debt repurchases and conversions GainsLossesOnExtinguishmentOfDebt $-83.00M USD 1 Quarter
(Gain) loss on debt repurchases and conversions GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-67.00M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-251.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $344.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-130.00M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-42.00M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-753.00M USD 1 Quarter
Deferred income taxes, net IncreaseDecreaseInDeferredIncomeTaxes $24.00M USD 1 Quarter
Deferred income taxes, net IncreaseDecreaseInDeferredIncomeTaxes $-54.00M USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $-19.00M USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $25.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.97B USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $3.94B USD 1 Quarter
Expenditures for property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.74B USD 1 Quarter
Expenditures for property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.27B USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $1.00B USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $528.00M USD 1 Quarter
Proceeds from sale of Lehi, Utah fab ProceedsFromSaleOfOtherAssetsInvestingActivities $893.00M USD 1 Quarter
Proceeds from sale of Lehi, Utah fab ProceedsFromSaleOfOtherAssetsInvestingActivities - USD 1 Quarter
Proceeds from maturities of available-for-sale securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $313.00M USD 1 Quarter
Proceeds from maturities of available-for-sale securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $216.00M USD 1 Quarter
Proceeds from sales of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $124.00M USD 1 Quarter
Proceeds from sales of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $45.00M USD 1 Quarter
Proceeds from government incentives ProceedsFromGovernmentIncentives $40.00M USD 1 Quarter
Proceeds from government incentives ProceedsFromGovernmentIncentives $55.00M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-21.00M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $77.00M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $-3.42B USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $-2.48B USD 1 Quarter
Repayments of debt RepaymentsOfLongTermDebtAndCapitalSecurities $84.00M USD 1 Quarter
Repayments of debt RepaymentsOfLongTermDebtAndCapitalSecurities $1.95B USD 1 Quarter
Repurchases of common stock - repurchase program PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Repurchases of common stock - repurchase program PaymentsForRepurchaseOfCommonStock $259.00M USD 1 Quarter
Payments of dividends to shareholders PaymentsOfDividendsCommonStock - USD 1 Quarter
Payments of dividends to shareholders PaymentsOfDividendsCommonStock $112.00M USD 1 Quarter
Repurchases of common stock - withholdings on employee equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $102.00M USD 1 Quarter
Repurchases of common stock - withholdings on employee equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $57.00M USD 1 Quarter
Payments on equipment purchase contracts PaymentsOnEquipmentPurchaseContracts $78.00M USD 1 Quarter
Payments on equipment purchase contracts PaymentsOnEquipmentPurchaseContracts $97.00M USD 1 Quarter
Proceeds from issuance of debt ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Proceeds from issuance of debt ProceedsFromIssuanceOfLongTermDebt $2.00B USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $24.00M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-13.00M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-214.00M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-513.00M USD 1 Quarter
Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $27.00M USD 1 Quarter
Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-6.00M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $934.00M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-1.64B USD 1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $7.83B USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $7.69B USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $6.05B USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.76B USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $7.83B USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $7.69B USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $6.05B USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $8.76B USD Point-in-time
Stockholders Equity 22 line items
Line Item Tag Value Unit Period
Balance (in shares) CommonStockSharesIssued 1.22B shares Point-in-time
Balance (in shares) CommonStockSharesIssued 1.22B shares Point-in-time
Balance StockholdersEquity $43.93B USD Point-in-time
Balance StockholdersEquity $39.00B USD Point-in-time
Balance StockholdersEquity $45.91B USD Point-in-time
Balance StockholdersEquity $39.91B USD Point-in-time
Net income NetIncomeLoss $803.00M USD 1 Quarter
Net income NetIncomeLoss $2.31B USD 1 Quarter
Other comprehensive income (loss), net OtherComprehensiveIncomeLossNetOfTax $-93.00M USD 1 Quarter
Other comprehensive income (loss), net OtherComprehensiveIncomeLossNetOfTax $39.00M USD 1 Quarter
Stock issued under stock plans StockIssuedDuringPeriodValueShareBasedCompensation $5.00M USD 1 Quarter
Stock issued under stock plans StockIssuedDuringPeriodValueShareBasedCompensation $34.00M USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $118.00M USD 1 Quarter
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $92.00M USD 1 Quarter
Repurchase of stock TreasurySharesAcquiredAndStockRepurchasedAndRetired $361.00M USD 1 Quarter
Repurchase of stock TreasurySharesAcquiredAndStockRepurchasedAndRetired $57.00M USD 1 Quarter
Balance (in shares) CommonStockSharesIssued 1.22B shares Point-in-time
Balance (in shares) CommonStockSharesIssued 1.22B shares Point-in-time
Balance StockholdersEquity $43.93B USD Point-in-time
Balance StockholdersEquity $39.00B USD Point-in-time
Balance StockholdersEquity $45.91B USD Point-in-time
Balance StockholdersEquity $39.91B USD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $803.00M USD 1 Quarter
Net income NetIncomeLoss $2.31B USD 1 Quarter
Gains (losses) on derivative instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-86.00M USD 1 Quarter
Gains (losses) on derivative instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $40.00M USD 1 Quarter
Gains (losses) on investments OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-7.00M USD 1 Quarter
Gains (losses) on investments OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-1.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-93.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $39.00M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $2.21B USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $842.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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