Micron Technology Inc. (NASDAQ:MU)

The financial data reveals several notable trends and fluctuations over the examined periods.

Liabilities

Overall total liabilities exhibited a consistent upward trajectory, increasing from approximately $12.0 billion in 2019 to about $24.3 billion in 2024. This rise was driven primarily by growth in both current and noncurrent liabilities.

Current liabilities showed variability but generally increased from $6.4 billion in 2019 to $9.2 billion by 2024, with notable dips in 2023 followed by sharp increases in 2024. Accounts payable and accrued expenses followed a similar pattern, peaking in 2024 at $7.3 billion.

Long-term debt nearly tripled from $4.5 billion in 2019 to around $13.0 billion in 2024, indicating significant reliance on debt financing. Noncurrent liabilities as a whole rose substantially, reaching over $15 billion in recent years.

Specific components such as noncurrent operating lease liabilities remained steady after their introduction in 2020, suggesting stable lease commitments. Other noncurrent liabilities increased notably, reflecting potentially greater obligations or deferred items.

Assets and Expense Items

Property, plant, and equipment values fluctuated, initially increasing from $1.8 billion in 2019 to peak near $2.4 billion in 2020 before declining sharply to $1.4 billion in 2023 and then rebounding to $2.9 billion in 2024. This may reflect acquisition and disposal cycles or asset revaluation.

Salaries, wages, and benefits displayed an overall increasing trend with some volatility. After rising steadily from $695 million in 2019 to nearly $1.0 billion in 2021, there was a sharp decline in 2023 to $367 million, followed by a strong rebound to $1.1 billion in 2024. This pattern might indicate workforce changes or accounting timing effects.

Income and other taxes fluctuated, with a steep drop in 2023 to $67 million before partially recovering to $218 million in 2024, suggesting variability in taxable income or tax strategies.

Other operating expenses generally increased over the period, although with some declines in later years.

Equity

Total shareholders’ equity grew from approximately $35.9 billion in 2019 to a peak near $49.9 billion in 2022 before declining in 2023 and modestly recovering in 2024 to about $45.1 billion. This reflects retained earnings growth and capital contributions tempered by treasury stock increases.

Retained earnings increased substantially between 2019 and 2022, reaching $47.3 billion, then declined in 2023 and stabilized in 2024 around $40.9 billion. This suggests a period of earnings accumulation followed by distributions or losses.

Treasury stock balances grew in absolute value over the years, indicating more shares repurchased or held as treasury stock, which reduces total equity.

Accumulated other comprehensive income/loss showed a negative trend post-2020, reflecting potential foreign currency translation losses, unrealized losses on investments, or other comprehensive items.

Common stock and additional capital increased steadily, signaling ongoing equity financing or issuance activities.

Balance Sheet Total

The sum of total liabilities and equity rose consistently from about $48.9 billion in 2019 to $69.4 billion in 2024, reflecting overall balance sheet expansion alongside the company’s growth or financing activities.

In summary, the data signals significant growth in debt financing and liabilities, strong fluctuations in key asset and expense categories, and dynamic changes in equity components including retained earnings and treasury stock. These patterns suggest active financial and operational management with adjustments in capital structure and asset base over time.