Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Micron Technology Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	May 29, 2025	Feb 27, 2025	Nov 28, 2024	Aug 29, 2024	May 30, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	Jun 1, 2023	Mar 2, 2023	Dec 1, 2022	Sep 1, 2022	Jun 2, 2022	Mar 3, 2022	Dec 2, 2021	Sep 2, 2021	Jun 3, 2021	Mar 4, 2021	Dec 3, 2020	Sep 3, 2020	May 28, 2020	Feb 27, 2020	Nov 28, 2019	Aug 29, 2019	May 30, 2019	Feb 28, 2019	Nov 29, 2018
Cash and equivalents	10,163)	7,552)	6,693)	7,041)	7,594)	8,016)	8,075)	8,577)	9,298)	9,798)	9,574)	8,262)	9,157)	9,116)	8,680)	7,763)	7,759)	6,507)	5,985)	7,624)	8,267)	7,118)	6,969)	7,152)	5,157)	6,353)	4,447)
Short-term investments	648)	663)	895)	1,065)	785)	990)	973)	1,017)	1,054)	1,020)	1,007)	1,069)	1,070)	1,006)	900)	870)	590)	677)	1,047)	518)	391)	363)	619)	803)	1,532)	1,180)	1,116)
Receivables	7,436)	6,504)	7,423)	6,615)	5,131)	4,296)	2,943)	2,443)	2,429)	2,278)	3,318)	5,130)	6,229)	5,384)	5,250)	5,311)	4,231)	3,353)	3,691)	3,912)	3,603)	3,049)	3,419)	3,195)	3,257)	4,416)	5,418)
Inventories	8,727)	9,007)	8,705)	8,875)	8,512)	8,443)	8,276)	8,387)	8,238)	8,129)	8,359)	6,663)	5,629)	5,383)	4,827)	4,487)	4,537)	4,743)	5,521)	5,607)	5,405)	5,208)	4,943)	5,118)	4,905)	4,390)	3,876)
Other current assets	945)	963)	777)	776)	1,297)	1,690)	791)	820)	715)	673)	663)	657)	623)	613)	534)	1,476)	1,444)	1,999)	285)	304)	233)	238)	217)	235)	215)	211)	182)
Current assets	27,919)	24,689)	24,493)	24,372)	23,319)	23,435)	21,058)	21,244)	21,734)	21,898)	22,921)	21,781)	22,708)	21,502)	20,191)	19,907)	18,561)	17,279)	16,529)	17,965)	17,899)	15,976)	16,167)	16,503)	15,066)	16,550)	15,039)
Long-term marketable investments	1,402)	1,375)	1,156)	1,046)	775)	627)	720)	844)	973)	1,212)	1,426)	1,647)	1,646)	1,717)	1,817)	1,765)	1,399)	1,316)	1,264)	1,048)	577)	586)	599)	1,164)	1,167)	1,614)	1,565)
Property, plant, and equipment	44,773)	42,528)	41,476)	39,749)	37,926)	37,587)	37,677)	37,928)	38,727)	39,085)	39,335)	38,549)	36,665)	36,171)	35,155)	33,213)	32,209)	31,848)	32,229)	31,031)	30,081)	29,647)	29,352)	28,240)	27,138)	26,204)	24,807)
Operating lease right-of-use assets	628)	637)	622)	645)	660)	642)	648)	666)	655)	673)	693)	678)	690)	587)	574)	551)	558)	575)	577)	584)	599)	605)	608)	—)	—)	—)	—)
Intangible assets	426)	423)	419)	416)	413)	414)	416)	404)	410)	410)	428)	421)	415)	414)	347)	349)	350)	342)	336)	334)	332)	332)	333)	340)	339)	350)	356)
Deferred tax assets	483)	552)	474)	520)	597)	664)	781)	756)	708)	697)	672)	702)	682)	762)	746)	782)	822)	726)	726)	707)	775)	764)	783)	837)	817)	762)	842)
Goodwill	1,150)	1,150)	1,150)	1,150)	1,150)	1,150)	1,150)	1,150)	1,252)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)
Other noncurrent assets	1,616)	1,699)	1,671)	1,518)	1,415)	1,199)	1,326)	1,262)	1,221)	1,317)	1,171)	1,277)	1,262)	1,315)	1,188)	1,054)	816)	821)	802)	781)	514)	510)	579)	575)	533)	779)	758)
Noncurrent assets	50,478)	48,364)	46,968)	45,044)	42,936)	42,283)	42,718)	43,010)	43,946)	44,622)	44,953)	44,502)	42,588)	42,194)	41,055)	38,942)	37,382)	36,856)	37,162)	35,713)	34,106)	33,672)	33,482)	32,384)	31,222)	30,937)	29,556)
Total assets	78,397)	73,053)	71,461)	69,416)	66,255)	65,718)	63,776)	64,254)	65,680)	66,520)	67,874)	66,283)	65,296)	63,696)	61,246)	58,849)	55,943)	54,135)	53,691)	53,678)	52,005)	49,648)	49,649)	48,887)	46,288)	47,487)	44,595)

The analysis of the quarterly financial data reveals several distinct trends across the various asset categories, which provide insights into the company's financial position over the observed periods.

Cash and Equivalents: Cash and equivalents exhibit a generally increasing trend from US$4,447 million in late 2018 to a peak of US$10,163 million in May 2025, despite some fluctuations. Notably, there is a marked increase during 2024 and early 2025, indicating improved liquidity or cash management strategies.
Short-term Investments: Short-term investments fluctuate more markedly, showing declines and recoveries over the time frame. Starting at US$1,116 million in late 2018, values dipped notably around early 2020, recovered to around US$1,070 million mid-2022, and then declined again towards mid-2025 to around US$648 million. This volatility may reflect shifts in investment strategy or market conditions.
Receivables: Receivables decreased significantly from US$5,418 million in late 2018 to a low point of US$2,278 million in early 2023, then saw a strong recovery, climbing to US$7,436 million by mid-2025. This pattern suggests changes in sales or credit policies, with the recent increases possibly indicating higher sales volume or extended payment terms.
Inventories: Inventory levels steadily increased over the analyzed period, from US$3,876 million in late 2018 to a peak of US$9,007 million by mid-2025. This sustained growth might indicate preparation for future sales, buildup due to supply chain considerations, or changes in product mix.
Other Current Assets: Other current assets show notable variability, with a substantial spike to US$1,999 million in early 2021, followed by fluctuations around the US$600–1,000 million range in subsequent periods. The spike suggests a one-off event or adjustment that temporarily increased these assets.
Current Assets: Overall current assets rose from US$15,039 million in late 2018 to US$27,919 million by mid-2025, reflecting the accumulation in cash, receivables, and inventories. Despite some short-term volatility, the upward trajectory suggests enhanced short-term resource availability.
Long-term Marketable Investments: Long-term marketable investments generally decreased from US$1,565 million in late 2018 to a low of US$720 million in early 2023, with a recovery thereafter to US$1,402 million mid-2025. This could indicate divestitures followed by reinvestments in market securities.
Property, Plant, and Equipment (PP&E): PP&E increased continuously from US$24,807 million in late 2018 to US$44,773 million in mid-2025. The consistent upward trend suggests ongoing capital expenditures and expansion of physical assets, supporting long-term operational capacity growth.
Operating Lease Right-of-Use Assets: Data for operating lease assets starts appearing in early 2020, with fairly stable figures around US$600–690 million, showing only minor fluctuations. This stability may reflect steady lease arrangements without significant expansions or reductions.
Intangible Assets and Goodwill: Intangible assets remain relatively stable, with a slight increase from US$356 million to US$426 million over the period, indicative of limited new intangible investments. Goodwill remains mostly flat around US$1,228 million, decreasing slightly in some periods, suggesting minimal acquisition activity or impairment adjustments.
Deferred Tax Assets: Deferred tax assets show moderate fluctuations, declining from US$842 million in late 2018 to US$474 million in early 2024, then a slight increase to US$552 million by mid-2025. These movements may reflect changes in tax positions or valuation allowances.
Other Noncurrent Assets: Other noncurrent assets increased gradually from US$758 million in late 2018 to US$1,699 million mid-2025, with intermittent fluctuations. The rise indicates accumulation or capitalization of longer-term assets outside the main categories.
Noncurrent Assets: Noncurrent assets overall grew from US$29,556 million to US$50,478 million between late 2018 and mid-2025. The consistent growth supports the observations in PP&E and other long-term asset categories, signaling capital investments and asset base expansion.
Total Assets: Total assets increased steadily from US$44,595 million in late 2018 to US$78,397 million by mid-2025. This nearly doubled asset base reflects the combined effects of increases in both current and noncurrent assets, supporting a narrative of expansion and growth in asset holdings over this period.

In summary, the data points to significant growth in the company's asset base driven by sustained increases in cash, inventories, and property, plant, and equipment. Receivables experienced a notable dip then strong recovery, while investments—both short and long-term—show volatility. The increases in current and noncurrent assets underpin an overall strengthening financial position, likely associated with expansion initiatives and improved operational capacity.

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Micron Technology Inc. (NASDAQ:MU)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data