Stock Analysis on Net

Micron Technology Inc. (NASDAQ:MU)

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Micron Technology Inc., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Net income (loss) 887 332 793 (1,234) (1,430) (1,896) (2,312) (195) 1,492 2,626 2,263 2,306 2,720 1,735 603 803 990 805 407 508 586 851 1,625 3,296
Depreciation expense and amortization of intangible assets 1,986 1,955 1,924 1,915 1,937 1,956 1,942 1,921 1,882 1,821 1,742 1,671 1,621 1,557 1,549 1,487 1,567 1,422 1,365 1,296 1,416 1,360 1,313 1,335
Stock-based compensation 213 219 213 188 148 145 157 146 136 131 129 118 93 96 97 92 89 82 85 72 67 58 57 61
Provision to write-down inventories to net realizable value 401 1,430
Goodwill impairment 101
Receivables (1,019) (803) (1,258) (501) 35 (182) 1,068 1,842 1,096 (862) (111) 67 (1,106) (873) 282 251 (262) (565) 312 (208) 58 1,171 1,013 189
Inventories (363) (68) (168) 111 (149) (510) (1,199) (1,697) (1,033) (246) (556) (344) 52 185 543 86 (203) (196) (265) 175 (213) (515) (514) (286)
Accounts payable and accrued expenses 1,069 273 302 271 (189) 31 (514) (630) 362 275 149 (42) 519 468 (24) (753) 25 443 79 178 529 (377) (280) (46)
Other current liabilities 220 63 127 579 (140) (39) (208) (430)
Change in operating assets and liabilities (93) (535) (997) 460 (443) (700) (853) (915) 425 (833) (518) (319) (535) (220) 801 (416) (440) (318) 126 145 374 279 219 (143)
Other 412 511 (714) 72 (64) 118 (21) (14) (158) 93 12 162 (15) 392 7 1 65 32 18 (10) (210) 163 221 261
Adjustments to reconcile net income (loss) to net cash provided by operating activities 2,518 2,150 426 2,635 1,679 1,920 2,655 1,138 2,285 1,212 1,365 1,632 1,164 1,825 2,454 1,164 1,281 1,218 1,594 1,503 1,647 1,860 1,810 1,514
Net cash provided by operating activities 3,405 2,482 1,219 1,401 249 24 343 943 3,777 3,838 3,628 3,938 3,884 3,560 3,057 1,967 2,271 2,023 2,001 2,011 2,233 2,711 3,435 4,810
Expenditures for property, plant, and equipment (3,120) (2,086) (1,384) (1,796) (1,461) (1,561) (2,205) (2,449) (3,613) (2,578) (2,611) (3,265) (2,015) (2,259) (3,018) (2,738) (2,280) (1,944) (2,056) (1,943) (2,028) (2,403) (2,649) (2,700)
Purchases of available-for-sale securities (889) (645) (266) (199) (227) (203) (203) (90) (411) (437) (394) (528) (1,244) (570) (347) (1,002) (1,064) (227) (159) (407) (404) (1,248) (519) (2,047)
Proceeds from maturities and sales of available-for-sale securities 361 707 352 374 399 419 411 362 393 419 366 437 609 573 663 261 479 211 431 1,151 1,148 1,346 414 137
Proceeds from government incentives 48 33 149 85 462 184 62 2 11 38 11 55 160 159 136 40 122 35 83 22 80 213 219 236
Proceeds from sale of Lehi, Utah fab (5) 893
Other 2 (11) (2) (22) (3) (19) 20 (91) (204) (22) (63) (77) (44) 16 10 21 5 (27) (9) (12) 104 26 43 (53)
Net cash used for investing activities (3,598) (2,002) (1,151) (1,558) (830) (1,180) (1,915) (2,266) (3,824) (2,585) (2,691) (2,485) (2,534) (2,081) (2,556) (3,418) (2,738) (1,952) (1,710) (1,189) (1,100) (2,066) (2,492) (4,427)
Repayments of debt (81) (715) (1,048) (53) (55) (653) (33) (20) (24) (27) (32) (1,949) (176) (1,241) (19) (84) (80) (2,610) (261) (1,415) (964) (1,671) (128) (577)
Payments of dividends to shareholders (129) (128) (127) (129) (126) (126) (126) (126) (126) (111) (112) (112)
Payments on equipment purchase contracts (22) (45) (26) (56) (26) (36) (29) (47) (9) (27) (27) (78) (156) (16) (26) (97) (14) (20) (18) (11) (21) (17) (17) (20)
Repurchases of common stock, repurchase program (300) (425) (784) (981) (408) (259) (1,050) (150) (48) (44) (70) (89) (2) (159) (732) (1,836)
Proceeds from issuance of debt 999 1,495 1,872 3,349 2,000 1,188 3,750 1,250 1,750 1,800
Acquisition of noncontrolling interest in IMFT (744)
Other 58 (22) 96 (114) 95 (19) 118 (99) 103 (15) 113 (115) 38 (9) 50 (33) (40) (4) 134 17 129 29 (2)
Net cash provided by (used for) financing activities (474) (910) (106) (352) (112) 661 1,802 2,632 (840) (1,161) (466) (513) (1,344) (228) 5 (214) (182) 1,072 (215) (992) 892 (1,847) 952 (2,435)
Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash 55 (7) (7) (1) (21) (22) 15 (6) (35) (55) (10) (6) (3) 1 16 27 19 6 (14) 20 7 9 (10)
Net increase (decrease) in cash, cash equivalents, and restricted cash (612) (437) (45) (510) (714) (517) 245 1,303 (922) 37 461 934 3 1,252 522 (1,638) (630) 1,149 76 (184) 2,045 (1,195) 1,904 (2,062)

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).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Micron Technology Inc. net cash provided by operating activities increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Net cash used for investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Micron Technology Inc. net cash used for investing activities decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Net cash provided by (used for) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Micron Technology Inc. net cash provided by (used for) financing activities decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 not reaching Q2 2024 level.