Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Micron Technology Inc. (NASDAQ:MU)

Cash Flow Statement

Beginner level

The cash flow statement provides information about a company’s 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’s 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

Microsoft Excel LibreOffice Calc
12 months ended: Sep 3, 2020 Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015
Net income (loss) 2,710  6,358  14,138  5,090  (275) 2,899 
Depreciation expense and amortization of intangible assets 5,650  5,424  4,759  3,861  2,980  2,667 
Amortization of debt discount and other costs 26  49  101  125  126  138 
Stock-based compensation 328  243  198  215  191  168 
(Gains) losses on debt prepayments, repurchases, and conversions (40) 396  385  99  49 
Gain on remeasurement of previously-held equity interest in Inotera —  —  —  (71) —  — 
Receivables (723) 2,431  (1,734) (1,651) 465  393 
Inventories (489) (1,528) (472) 50  (549) 116 
Accounts payable and accrued expenses 725  (174) 549  564  272  (691)
Payments attributed to intercompany balances with Inotera —  —  —  (361) —  — 
Deferred income taxes, net 79  150  (265) (22) (15) 168 
Change in operating assets and liabilities (408) 879  (1,922) (1,420) 173  (14)
Other 40  (160) (259) 254  (31) (699)
Adjustments to reconcile net income (loss) to net cash provided by operating activities 5,596  6,831  3,262  3,063  3,443  2,309 
Net cash provided by operating activities 8,306  13,189  17,400  8,153  3,168  5,208 
Expenditures for property, plant, and equipment (8,223) (9,780) (8,879) (4,734) (5,817) (4,021)
Purchases of available-for-sale securities (1,857) (4,218) (760) (1,239) (1,026) (4,392)
Acquisition of Inotera —  —  —  (2,634) —  — 
Increase in restricted cash —  —  —  —  (23) (15)
Proceeds from sales of available-for-sale securities 1,458  1,504  604  776  2,314  — 
Proceeds from maturities of available-for-sale securities 814  1,541  320  194  1,376  — 
Proceeds from sales and maturities of available-for-sale securities (legacy) —  —  —  —  —  2,248 
Proceeds from government incentives 262  748  355  21  16  — 
Other (43) 120  144  79  92  (52)
Net cash used for investing activities (7,589) (10,085) (8,216) (7,537) (3,068) (6,232)
Repayments of debt (4,366) (3,340) (10,194) (2,558) (870) (2,329)
Acquisition of noncontrolling interest in IMFT (744) —  —  —  —  — 
Payments to acquire treasury stock (251) (2,729) (71) (35) (148) (884)
Payments on equipment purchase contracts (63) (75) (206) (519) (46) (95)
Proceeds from issuance of debt 5,000  3,550  1,009  3,311  2,199  2,212 
Proceeds from issuance of stock 225  179  1,655  142  49  73 
Proceeds from equipment sale-leaseback transactions —  —  —  —  765  291 
Other (118) (23) 31  (204) 14 
Net cash provided by (used for) financing activities (317) (2,438) (7,776) 349  1,745  (718)
Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash 11  26  (37) (12) (121)
Net increase (decrease) in cash, cash equivalents, and restricted cash 411  692  1,371  953  1,853  (1,863)
Cash, cash equivalents, and restricted cash at beginning of period 7,279  6,587  5,216  4,263  2,287  4,150 
Cash, cash equivalents, and restricted cash at end of period 7,690  7,279  6,587  5,216  4,140  2,287 

Based on: 10-K (filing date: 2020-10-19), 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27).

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.’s net cash provided by operating activities decreased from 2018 to 2019 and from 2019 to 2020.
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.’s net cash used for investing activities decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 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.’s net cash provided by (used for) financing activities increased from 2018 to 2019 and from 2019 to 2020.