Cash Flow Statement
Quarterly Data
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.
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Micron Technology Inc. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Analysis of Debt
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Micron Technology Inc., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 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), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29).
- Net income (loss)
- The net income generally exhibited a declining trend beginning from a high of 3,296 million USD in late 2018 to negative values starting in late 2022 through early 2024, with the steepest losses in early 2023 reaching -2,312 million USD. Recovery signs appear in mid-2024 with positive income values returning to 1,885 million USD by mid-2025.
- Depreciation and Amortization Expense
- This expense consistently increased over the observed periods, rising from around 1,335 million USD at the end of 2018 to over 2,090 million USD by mid-2025, indicating ongoing capital asset use and potential asset base growth.
- Stock-based Compensation
- Stock-based compensation showed a steady upward trend, growing from 61 million USD in late 2018 to 253 million USD by mid-2025, suggesting increasing employee compensation expenses in the form of equity incentives.
- Provision to Write-down Inventories and Goodwill Impairment
- Provisions for inventory write-downs appeared only in late 2022 and early 2023, with significant amounts reaching 1,430 million USD in one quarter, indicating inventory valuation challenges. A goodwill impairment of 101 million USD was recorded in mid-2023, reflecting an adjustment due to asset value reassessment.
- Receivables
- Receivables exhibited notable volatility with large positive and negative fluctuations throughout the time frame, indicating inconsistent collections or changes in credit terms. A pronounced dip occurred around early 2023, followed by a moderate recovery.
- Inventories
- Inventory levels fluctuated, with some quarters showing negative adjustments and others positive. Starting from negative values, inventories peaked positively around late 2020 but declined significantly during 2022 and early 2023, consistent with inventory write-down provisions and possible clearance efforts.
- Other Current Assets and Liabilities
- Other current assets had sparse data but were negative when reported, potentially reflecting adjustments or reclassifications. Other current liabilities appeared mainly in 2021-2024 with variable but generally negative values, which may signal liability settlements or restructuring activities.
- Accounts Payable and Accrued Expenses
- Accounts payable and accrued expenses fluctuated widely, reflecting changes in payables management and operating cycles. The data show alternating positive and negative swings, with some large negative amounts in 2020 and 2022, possibly due to settlements or operational adjustments.
- Change in Operating Assets and Liabilities
- This line reflected considerable variability, with some quarters showing large negative impacts on cash flows, especially in 2022 and early 2023, consistent with operating cycle disruptions or inventory/write-down issues.
- Adjustments to Reconcile Net Income to Operating Cash Flow
- These adjustments remained relatively stable across quarters, mostly ranging between roughly 1,200 million USD and 2,700 million USD, supporting the conversion of accounting income to cash basis.
- Net Cash Provided by Operating Activities
- Operating cash flows generally trended positively, with peaks above 3,500 million USD in 2021 and continuing strength in late 2024 and early 2025. However, a notable slump occurred in 2022, paralleling net income losses and inventory issues, followed by recovery in subsequent quarters.
- Expenditures for Property, Plant, and Equipment (PP&E)
- Capital expenditures were substantial throughout and increased over time, peaking at over 4,000 million USD in 2024, indicating sustained investment in fixed assets despite operational headwinds.
- Purchases and Proceeds of Available-for-sale Securities
- Purchases of securities showed irregular patterns, with some high outflows in early years and a downward adjustment later. The proceeds from maturities and sales had peaks and troughs but consistently contributed to inflows, suggesting active portfolio management.
- Proceeds from Government Incentives
- Government incentives displayed wide variability, with occasional spikes such as 963 million USD in early 2025, indicating opportunistic capturing of external funding or subsidies.
- Net Cash Used for Investing Activities
- Consistently negative throughout, reflecting ongoing capital expenditures and securities purchases. The magnitude increased significantly in 2022 and 2024, aligning with higher PP&E spending.
- Financing Activities
- Financing cash flows were mixed, with periods of debt issuance and repayments fluctuating markedly. Substantial debt issuances occurred sporadically, with repayments large in some quarters, indicating active refinancing or deleveraging. Stock repurchases were significant in early years but reduced or ceased post-2021. Dividend payments were steady but modest relative to other cash activities.
- Effect of Currency Exchange Rates
- The impact of currency exchange rates on cash held a minor effect with small positive and negative values that did not materially affect overall cash positions.
- Net Increase (Decrease) in Cash and Cash Equivalents
- The company experienced fluctuating net cash changes, with notable declines in early years and especially in 2022, reflecting operational and investing challenges. Recovery periods in late 2023 through mid-2025 showed positive net increases, consistent with improvements in operating income and cash flow management.