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.
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- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
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Micron Technology Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-05-28), 10-Q (reporting date: 2026-02-26), 10-Q (reporting date: 2025-11-27), 10-K (reporting date: 2025-08-28), 10-Q (reporting date: 2025-05-29), 10-Q (reporting date: 2025-02-27), 10-Q (reporting date: 2024-11-28), 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).
The balance sheet demonstrates a significant expansion in both total liabilities and shareholders' equity over the analyzed period, reflecting a substantial increase in the company's overall capital base. Total liabilities and equity grew from 49.6 billion USD in November 2019 to 134.1 billion USD by May 2026, indicating an aggressive scale-up of operations and assets.
- Liability Structure and Debt Dynamics
- Total liabilities exhibit a long-term upward trajectory, increasing from 13.0 billion USD to 33.3 billion USD. A notable shift is observed in the composition of these liabilities. Current liabilities grew from 6.3 billion USD to 19.4 billion USD, driven primarily by a sharp increase in accounts payable and accrued expenses, which surged from 3.9 billion USD in late 2023 to 15.5 billion USD by May 2026.
- Long-term debt patterns show a cyclical trend. Debt levels remained relatively stable between 5 and 7 billion USD until December 2022, after which they escalated to a peak of 15.0 billion USD in May 2025. However, a rapid deleveraging event occurred in 2026, with long-term debt falling sharply to 5.1 billion USD by May 2026, suggesting a major debt repayment or restructuring phase.
- Equity Growth and Capital Allocation
- Shareholders' equity experienced robust growth, rising from 36.5 billion USD in 2019 to 100.7 billion USD in 2026. This expansion was driven predominantly by retained earnings, which increased from 31.2 billion USD to 94.6 billion USD, signaling strong cumulative profitability and a high rate of earnings retention.
- A consistent trend of share repurchases is evident through the treasury stock account, which grew from 3.2 billion USD to 8.5 billion USD in absolute value. This indicates a strategic commitment to returning value to shareholders despite the simultaneous accumulation of retained earnings.
- Overall Financial Position and Solvency
- The capital structure has shifted toward a higher proportion of equity. While total liabilities more than doubled, shareholders' equity nearly tripled, improving the company's long-term solvency profile. The sharp reduction in long-term debt in the final periods, combined with the record high in retained earnings, suggests a transition toward a more self-funded operational model with reduced reliance on external borrowing.
- The increase in other noncurrent liabilities, which rose from 426 million USD to 7.0 billion USD by the end of the period, suggests an increase in long-term obligations or provisions that accompany the company's expanded scale of operations.