Cash Flow Statement

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

US$ in millions

12 months ended:	Aug 31, 2023	Sep 1, 2022	Sep 2, 2021	Sep 3, 2020	Aug 29, 2019	Aug 30, 2018
Net income (loss)	(5,833)	8,687)	5,861)	2,710)	6,358)	14,138)
Depreciation expense and amortization of intangible assets	7,756)	7,116)	6,214)	5,650)	5,424)	4,759)
Provision to write down inventories to net realizable value	1,831)	—)	—)	—)	—)	—)
Stock-based compensation	596)	514)	378)	328)	243)	198)
Goodwill impairment	101)	—)	—)	—)	—)	—)
Restructure and asset impairments	11)	44)	454)	40)	(97)	—)
(Gain) loss on debt repurchases and conversions	—)	83)	1)	(40)	396)	385)
Receivables	2,763)	190)	(1,446)	(723)	2,431)	(1,734)
Inventories	(3,555)	(2,179)	866)	(489)	(1,528)	(472)
Accounts payable and accrued expenses	(2,104)	744)	210)	725)	(174)	549)
Change in operating assets and liabilities	(2,896)	(1,245)	(370)	(487)	729)	(1,657)
Other	(7)	(18)	(70)	105)	136)	(423)
Adjustments to reconcile net income (loss) to net cash provided by operating activities	7,392)	6,494)	6,607)	5,596)	6,831)	3,262)
Net cash provided by operating activities	1,559)	15,181)	12,468)	8,306)	13,189)	17,400)
Expenditures for property, plant, and equipment	(7,676)	(12,067)	(10,030)	(8,223)	(9,780)	(8,879)
Purchases of available-for-sale securities	(723)	(1,770)	(3,163)	(1,857)	(4,218)	(760)
Proceeds from maturities of available-for-sale securities	1,566)	1,321)	1,250)	814)	1,541)	320)
Proceeds from government incentives	710)	115)	495)	262)	748)	355)
Proceeds from sales of available-for-sale securities	25)	294)	856)	1,458)	1,504)	604)
Proceeds from sale of Lehi, Utah fab	—)	888)	—)	—)	—)	—)
Other	(93)	(366)	3)	(43)	120)	144)
Net cash used for investing activities	(6,191)	(11,585)	(10,589)	(7,589)	(10,085)	(8,216)
Proceeds from issuance of debt	6,716)	2,000)	1,188)	5,000)	3,550)	1,009)
Repayments of debt	(761)	(2,032)	(1,520)	(4,366)	(3,340)	(10,194)
Payments of dividends to shareholders	(504)	(461)	—)	—)	—)	—)
Repurchases of common stock, repurchase program	(425)	(2,432)	(1,200)	(176)	(2,729)	(71)
Payments on equipment purchase contracts	(138)	(141)	(295)	(63)	(75)	(206)
Acquisition of noncontrolling interest in IMFT	—)	—)	—)	(744)	—)	—)
Other	95)	86)	46)	32)	156)	1,686)
Net cash provided by (used for) financing activities	4,983)	(2,980)	(1,781)	(317)	(2,438)	(7,776)
Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash	(34)	(106)	41)	11)	26)	(37)
Net increase (decrease) in cash, cash equivalents, and restricted cash	317)	510)	139)	411)	692)	1,371)
Cash, cash equivalents, and restricted cash at beginning of period	8,339)	7,829)	7,690)	7,279)	6,587)	5,216)
Cash, cash equivalents, and restricted cash at end of period	8,656)	8,339)	7,829)	7,690)	7,279)	6,587)

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).

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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 2021 to 2022 but then decreased significantly from 2022 to 2023.
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 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
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 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Micron Technology Inc. (NASDAQ:MU)

Cash Flow Statement