Stock Analysis on Net
Stock Analysis on Net

Micron Technology Inc. (NASDAQ:MU)

Common-Size Income Statement

Micron Technology Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Aug 29, 2024 Aug 31, 2023 Sep 1, 2022 Sep 2, 2021 Sep 3, 2020 Aug 29, 2019
Revenue 100.00 100.00 100.00 100.00 100.00 100.00
Cost of goods sold -77.65 -109.11 -54.82 -62.38 -69.43 -54.28
Gross margin 22.35% -9.11% 45.18% 37.62% 30.57% 45.72%
Research and development -13.66 -20.04 -10.13 -9.61 -12.13 -10.43
Selling, general, and administrative -4.50 -5.92 -3.47 -3.23 -4.11 -3.57
Restructure and asset impairments 0.00 -1.10 -0.16 -1.76 -0.28 0.12
Patent cross-license agreement gain 0.80 0.00 0.00 0.00 0.00 0.00
Gain (loss) on disposition of property, plant, and equipment 0.23 0.35 0.13 0.09 0.01 -0.18
Goodwill impairment 0.00 -0.65 0.00 0.00 0.00 0.00
Litigation settlement 0.00 -0.44 0.00 0.00 0.00 0.00
Patent license charges 0.00 0.00 0.00 -0.46 0.00 0.00
Other -0.03 -0.06 -0.02 0.03 -0.05 -0.15
Other operating income (expense), net 1.00% -0.80% 0.11% -0.34% -0.04% -0.33%
Operating income (loss) 5.19% -36.97% 31.54% 22.68% 14.01% 31.51%
Interest income 2.11 3.01 0.31 0.13 0.53 0.88
Interest expense -2.24 -2.50 -0.61 -0.66 -0.91 -0.55
Gain (loss) on investments 0.00 -0.05 0.08 0.30 0.10 -0.02
Gain (loss) on debt repurchases and conversions 0.00 0.00 -0.27 0.00 0.19 -1.69
Other -0.12 0.10 0.06 0.00 -0.01 -0.02
Other non-operating income (expense), net -0.12% 0.05% -0.12% 0.29% 0.28% -1.73%
Income (loss) before income tax provision and equity in net income (loss) of equity method investees 4.94% -36.41% 31.12% 22.44% 13.92% 30.11%
Income tax provision -1.80 -1.14 -2.89 -1.42 -1.31 -2.96
Equity in net income (loss) of equity method investees -0.04 0.01 0.01 0.13 0.03 0.01
Net income (loss) 3.10% -37.54% 28.24% 21.16% 12.64% 27.16%
Net income attributable to noncontrolling interests 0.00 0.00 0.00 0.00 -0.11 -0.19
Net income (loss) attributable to Micron 3.10% -37.54% 28.24% 21.16% 12.54% 26.97%

Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Micron Technology Inc. operating income (loss) as a percentage of revenue decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Income (loss) before income tax provision and equity in net income (loss) of equity method investees Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Micron Technology Inc. income (loss) before income tax provision and equity in net income (loss) of equity method investees as a percentage of revenue decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Net income (loss) attributable to Micron The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Micron Technology Inc. net income (loss) attributable to Micron as a percentage of revenue decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.