Stock Analysis on Net
Stock Analysis on Net

Micron Technology Inc. (NASDAQ:MU)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Micron Technology Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Aug 31, 2023 Sep 1, 2022 Sep 2, 2021 Sep 3, 2020 Aug 29, 2019 Aug 30, 2018
Accounts payable 2.68 3.23 2.96 4.08 3.43 3.90
Property, plant, and equipment 2.21 3.27 3.21 4.42 3.65 2.85
Salaries, wages, and benefits 0.57 1.32 1.67 1.58 1.42 1.94
Income and other taxes 0.10 0.63 0.62 0.44 0.63 0.93
Other 0.59 0.73 0.59 0.31 0.33 1.01
Accounts payable and accrued expenses 6.16% 9.19% 9.05% 10.84% 9.46% 10.63%
Current debt 0.43 0.16 0.26 0.50 2.68 1.98
Other current liabilities 0.82 2.03 1.60 1.02 0.93 0.65
Current liabilities 7.42% 11.37% 10.92% 12.36% 13.07% 13.27%
Long-term debt 20.31 10.26 11.25 11.87 9.29 8.71
Noncurrent operating lease liabilities 0.94 0.92 0.86 0.99 0.00 0.00
Noncurrent unearned government incentives 1.13 0.89 1.37 1.20 1.30 0.52
Other noncurrent liabilities 1.54 1.26 0.95 0.93 0.92 0.82
Noncurrent liabilities 23.92% 13.33% 14.43% 14.99% 11.51% 10.05%
Total liabilities 31.34% 24.71% 25.35% 27.35% 24.59% 23.31%
Redeemable convertible notes 0.00 0.00 0.00 0.00 0.00 0.01
Redeemable noncontrolling interest 0.00 0.00 0.00 0.00 0.20 0.22
Common stock, $0.10 par value 0.19 0.19 0.21 0.22 0.24 0.27
Additional capital 17.18 15.38 16.06 16.61 16.80 18.91
Retained earnings 63.54 71.32 66.36 62.19 62.92 56.24
Treasury stock -11.75 -10.75 -7.98 -6.51 -6.59 -0.99
Accumulated other comprehensive income (loss) -0.49 -0.84 0.00 0.13 0.02 0.02
Total Micron shareholders’ equity 68.66% 75.29% 74.65% 72.65% 73.40% 74.45%
Noncontrolling interest in subsidiary 0.00 0.00 0.00 0.00 1.82 2.01
Total equity 68.66% 75.29% 74.65% 72.65% 75.21% 76.46%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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), 10-K (reporting date: 2018-08-30).

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 as a percentage of total liabilities and equity increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Micron Technology Inc. noncurrent liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
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 as a percentage of total liabilities and equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
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 as a percentage of total liabilities and equity increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.