Stock Analysis on Net

Micron Technology Inc. (NASDAQ:MU)

Balance Sheet: Liabilities and Stockholders’ Equity 
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Micron Technology Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
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
Accounts payable and accrued expenses 7,299 5,145 4,680 3,946 3,958 4,177 4,310 5,438 6,090 5,788 5,650 5,470 5,325 4,427 4,550 4,856 5,817 5,364 5,077 5,408 4,626 3,494 4,062 4,200
Current debt 431 398 344 908 278 259 237 171 103 107 123 118 155 297 323 273 270 330 237 462 1,310 1,346 2,634 398
Other current liabilities 1,518 1,297 1,235 1,108 529 668 708 916 1,346 1,114 1,145 924 944 738 560 559 548 491 508 447 454 557 665 591
Current liabilities 9,248 6,840 6,259 5,962 4,765 5,104 5,255 6,525 7,539 7,009 6,918 6,512 6,424 5,462 5,433 5,688 6,635 6,185 5,822 6,317 6,390 5,397 7,361 5,189
Long-term debt 12,966 12,860 13,378 12,597 13,052 12,986 12,037 10,094 6,803 6,856 6,953 6,904 6,621 6,418 6,298 6,356 6,373 6,356 5,188 5,188 4,541 3,563 3,604 3,734
Noncurrent operating lease liabilities 610 609 593 601 603 603 610 625 610 629 535 523 504 513 528 529 533 540 548 511
Noncurrent unearned government incentives 550 672 662 705 727 632 529 516 589 663 704 767 808 722 661 656 643 553 586 609 636 622
Other noncurrent liabilities 911 1,049 956 1,026 987 950 832 808 835 858 741 632 559 569 552 555 498 453 383 426 452 417 993 834
Noncurrent liabilities 15,037 15,190 15,589 14,929 15,369 15,171 14,008 12,043 8,837 9,006 8,933 8,826 8,492 8,222 8,039 8,096 8,047 7,902 6,705 6,734 5,629 4,602 4,597 4,568
Total liabilities 24,285 22,030 21,848 20,891 20,134 20,275 19,263 18,568 16,376 16,015 15,851 15,338 14,916 13,684 13,472 13,784 14,682 14,087 12,527 13,051 12,019 9,999 11,958 9,757
Redeemable convertible notes 1 2 2
Redeemable noncontrolling interest 98 98 98 98 98 97 97
Common stock, $0.10 par value 125 125 125 124 124 124 123 123 123 122 122 122 122 120 120 120 119 119 119 119 118 118 118 117
Additional capital 12,115 11,794 11,564 11,217 11,036 10,782 10,633 10,335 10,197 9,950 9,816 9,564 9,453 9,285 9,234 9,034 8,917 8,764 8,725 8,428 8,214 8,217 8,143 8,350
Retained earnings 40,877 40,169 39,997 39,356 40,824 42,391 44,426 46,873 47,274 45,916 43,407 41,267 39,051 36,452 34,723 34,138 33,384 32,402 31,602 31,218 30,761 30,201 29,364 27,769
Treasury stock (7,852) (7,552) (7,552) (7,552) (7,552) (7,552) (7,552) (7,552) (7,127) (6,343) (5,362) (4,954) (4,695) (3,645) (3,495) (3,495) (3,495) (3,454) (3,414) (3,271) (3,221) (3,221) (3,064) (2,362)
Accumulated other comprehensive income (loss) (134) (311) (264) (260) (312) (340) (373) (473) (560) (364) (138) (91) 2 47 81 110 71 (11) (9) 6 9 8 6 (5)
Total Micron shareholders’ equity 45,131 44,225 43,870 42,885 44,120 45,405 47,257 49,306 49,907 49,281 47,845 45,908 43,933 42,259 40,663 39,907 38,996 37,820 37,023 36,500 35,881 35,323 34,567 33,869
Noncontrolling interests in subsidiary 889 867 863 870
Total equity 45,131 44,225 43,870 42,885 44,120 45,405 47,257 49,306 49,907 49,281 47,845 45,908 43,933 42,259 40,663 39,907 38,996 37,820 37,023 36,500 36,770 36,190 35,430 34,739
Total liabilities and equity 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

Based on: 10-K (reporting date: 2024-08-29), 10-Q (reporting date: 2024-05-30), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Micron Technology Inc. current liabilities increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Micron Technology Inc. noncurrent liabilities decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Micron Technology Inc. total liabilities increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Total Micron shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Micron Technology Inc. total Micron shareholders’ equity increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.