Stock Analysis on Net
Stock Analysis on Net

Micron Technology Inc. (NASDAQ:MU)

Common-Size Income Statement
Quarterly Data

Beginner level

Micron Technology Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel LibreOffice Calc
3 months ended: Sep 3, 2020 May 28, 2020 Feb 27, 2020 Nov 28, 2019 Aug 29, 2019 May 30, 2019 Feb 28, 2019 Nov 29, 2018 Aug 30, 2018 May 31, 2018 Mar 1, 2018 Nov 30, 2017 Aug 31, 2017 Jun 1, 2017 Mar 2, 2017 Dec 1, 2016 Sep 1, 2016 Jun 2, 2016 Mar 3, 2016 Dec 3, 2015 Sep 3, 2015 Jun 4, 2015 Mar 5, 2015 Dec 4, 2014
Revenue 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of goods sold -65.85 -67.58 -71.75 -73.44 -71.36 -61.82 -50.92 -41.68 -38.97 -39.43 -41.91 -44.92 -49.30 -53.13 -63.34 -74.53 -82.00 -82.82 -80.27 -74.66 -73.06 -68.80 -66.27 -64.18
Gross margin 34.15% 32.42% 28.25% 26.56% 28.64% 38.18% 49.08% 58.32% 61.03% 60.57% 58.09% 55.08% 50.70% 46.87% 36.66% 25.47% 18.00% 17.18% 19.73% 25.34% 26.94% 31.20% 33.73% 35.82%
Selling, general, and administrative -3.81 -3.97 -4.65 -4.10 -4.35 -4.30 -3.58 -2.64 -2.55 -2.71 -2.67 -2.81 -3.14 -3.67 -4.02 -4.01 -4.88 -5.11 -5.96 -5.34 -4.72 -4.39 -4.49 -4.22
Research and development -10.40 -11.93 -14.20 -12.44 -12.79 -12.66 -10.30 -7.72 -6.72 -7.73 -7.11 -6.59 -7.28 -7.80 -10.18 -11.84 -12.78 -13.18 -13.74 -12.57 -10.53 -10.54 -9.10 -8.22
Other operating income (expense), net -0.83 -0.18 -0.23 0.06 1.85 -0.13 -1.66 -0.45 0.09 0.56 0.22 -0.16 0.49 -0.14 0.00 -0.58 -1.34 0.17 -0.20 -0.51 0.17 0.10 0.38 0.35
Operating income (loss) 19.11% 16.33% 9.17% 10.07% 13.35% 21.09% 33.54% 47.50% 51.86% 50.70% 48.52% 45.52% 40.76% 35.27% 22.46% 9.04% -0.99% -0.93% -0.17% 6.93% 11.86% 16.38% 20.52% 23.73%
Interest income 0.21 0.42 0.71 0.86 1.17 1.09 0.99 0.48 0.40 0.46 0.37 0.34 0.26 0.18 0.17 0.18 0.28 0.35 0.41 0.33 0.31 0.23 0.19 0.15
Interest expense -0.83 -0.94 -0.96 -0.91 -0.80 -0.61 -0.46 -0.42 -0.59 -1.03 -1.20 -1.82 -2.41 -2.75 -3.46 -3.50 -4.20 -3.76 -3.31 -2.87 -2.81 -2.52 -1.99 -1.97
Other non-operating income (expense), net 0.08 0.18 -0.02 0.89 -0.27 -6.62 -1.44 0.11 -0.18 -2.48 -0.72 -3.00 -0.80 -1.49 0.73 -0.35 -0.31 -1.17 -0.20 -0.12 0.50 -0.42 -0.14 -1.07
Income (loss) before income tax (provision) benefit and equity in net income (loss) of equity method investees 18.58% 16.00% 8.90% 10.91% 13.45% 14.95% 32.63% 47.68% 51.49% 47.66% 46.97% 41.04% 37.81% 31.21% 19.90% 5.37% -5.22% -5.52% -3.27% 4.27% 9.86% 13.68% 18.58% 20.84%
Income tax (provision) benefit -2.25 -1.25 -0.44 -1.07 -1.46 2.82 -4.80 -6.03 -0.24 1.40 -1.95 -1.68 0.77 -1.65 -0.82 -0.78 -0.09 -0.52 -0.17 0.12 1.92 -2.70 -1.13 -1.64
Equity in net income (loss) of equity method investees 0.02 0.06 0.02 0.04 0.04 0.00 0.02 0.00 0.00 -0.03 0.01 0.00 0.02 0.04 0.15 -0.05 0.03 -1.38 0.17 1.76 1.31 1.76 4.99 2.71
Net income (loss) 16.35% 14.80% 8.48% 9.88% 12.03% 17.77% 27.85% 41.65% 51.26% 49.03% 45.04% 39.36% 38.60% 29.59% 19.23% 4.53% -5.28% -7.42% -3.27% 6.15% 13.08% 12.74% 22.44% 21.91%
Net (income) loss attributable to noncontrolling interests -0.03 -0.04 -0.04 -0.33 -0.51 -0.23 -0.10 -0.04 -0.01 0.00 -0.03 0.00 -0.02 0.00 0.00 0.00 0.00 0.00 -0.03 0.00 0.00 0.00 -0.02 0.02
Net income (loss) attributable to Micron 16.31% 14.77% 8.44% 9.55% 11.52% 17.54% 27.75% 41.62% 51.24% 49.03% 45.01% 39.36% 38.58% 29.59% 19.23% 4.53% -5.28% -7.42% -3.31% 6.15% 13.08% 12.74% 22.42% 21.93%

Based on: 10-K (filing date: 2020-10-19), 10-Q (filing date: 2020-06-30), 10-Q (filing date: 2020-03-26), 10-Q (filing date: 2019-12-20), 10-K (filing date: 2019-10-17), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-21), 10-Q (filing date: 2018-12-19), 10-K (filing date: 2018-10-15), 10-Q (filing date: 2018-06-22), 10-Q (filing date: 2018-03-23), 10-Q (filing date: 2017-12-20), 10-K (filing date: 2017-10-26), 10-Q (filing date: 2017-06-30), 10-Q (filing date: 2017-03-28), 10-Q (filing date: 2017-01-09), 10-K (filing date: 2016-10-28), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-08), 10-Q (filing date: 2016-01-08), 10-K (filing date: 2015-10-27), 10-Q (filing date: 2015-07-10), 10-Q (filing date: 2015-04-10), 10-Q (filing date: 2015-01-09).

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.’s operating income (loss) as a percentage of revenue increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
Income (loss) before income tax (provision) benefit 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.’s income (loss) before income tax (provision) benefit and equity in net income (loss) of equity method investees as a percentage of revenue increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
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.’s net income (loss) attributable to Micron as a percentage of revenue increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.