Micron Technology, Inc. (MU) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2023-09-01 to 2024-08-29

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Micron Technology, Inc. cash flow reconciliation, Sep 1, 2023 through Aug 29, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $778,000,000.00Depreciation expense and amortization of intangible assets → Operating adjustments reconciliation: $7,780,000,000.00Accounts payable and accrued expenses → Operating adjustments reconciliation: $1,915,000,000.00Other current liabilities → Operating adjustments reconciliation: $989,000,000.00Stock-based compensation → Operating adjustments reconciliation: $833,000,000.00Other → Operating adjustments reconciliation: $281,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $7,729,000,000.00Operating adjustments reconciliation → Receivables: $3,581,000,000.00Operating adjustments reconciliation → Inventories: $488,000,000.00Proceeds from maturities and sales of available-for-sale securities → investing reconciliation: $1,794,000,000.00Proceeds from government incentives → investing reconciliation: $315,000,000.00investing reconciliation → Expenditures for property, plant, and equipment: $8,386,000,000.00investing reconciliation → Purchases of available-for-sale securities: $1,999,000,000.00investing reconciliation → Other: $33,000,000.00Net cash used in financing activities → financing reconciliation: $1,842,000,000.00Proceeds from issuance of debt → financing reconciliation: $999,000,000.00Other → financing reconciliation: $18,000,000.00financing reconciliation → Repayments of debt: $1,897,000,000.00financing reconciliation → Payments of dividends to shareholders: $513,000,000.00financing reconciliation → Repurchases of common stock - repurchase program: $300,000,000.00financing reconciliation → Payments on equipment purchase contracts: $149,000,000.00Net cash used in investing activities → investing reconciliation: $8,309,000,000.00Exchange-rate effect → Cash sources and uses: $40,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $8,656,000,000.00Net cash from operating activities → Cash sources and uses: $8,507,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $7,052,000,000.00Cash sources and uses → Net cash used in investing activities: $8,309,000,000.00Cash sources and uses → Net cash used in financing activities: $1,842,000,000.00Net income (loss): $778,000,000.00Net income (loss)+$778.00 MDepreciation expense and amortization of intangible assets: $7,780,000,000.00Depreciation & amortization+$7.78 BStock-based compensation: $833,000,000.00Stock-based compensation+$833.00 MProvision to write down inventories to net realizable value: $0.00Goodwill impairment: $0.00Receivables: -$3,581,000,000.00Receivables, net−$3.58 BInventories: -$488,000,000.00Inventories−$488.00 MAccounts payable and accrued expenses: $1,915,000,000.00Payables & accrued liabilities+$1.92 BOther current liabilities: $989,000,000.00Other current liabilities+$989.00 MOther: $281,000,000.00Other operating, net+$281.00 MNet cash from operating activities: $8,507,000,000.00Operating cash+$8.51 BOperating adjustments reconciliation: $11,798,000,000.00Repayments of debt: -$1,897,000,000.00Debt & capital securities repaid−$1.90 BPayments of dividends to shareholders: -$513,000,000.00Common dividends paid−$513.00 MRepurchases of common stock - repurchase program: -$300,000,000.00Common stock repurchases−$300.00 MPayments on equipment purchase contracts: -$149,000,000.00Payments on equipment purchase contracts−$149.00 MProceeds from issuance of debt: $999,000,000.00Long-term debt issued+$999.00 MOther: $18,000,000.00Other financing, net+$18.00 MNet cash used in financing activities: -$1,842,000,000.00. Cash required to fund net payments.Financing cash−$1.84 Bfinancing reconciliation: $2,859,000,000.00Expenditures for property, plant, and equipment: -$8,386,000,000.00PP&E purchases−$8.39 BPurchases of available-for-sale securities: -$1,999,000,000.00AFS securities purchases−$2.00 BProceeds from maturities and sales of available-for-sale securities: $1,794,000,000.00AFS securities proceeds+$1.79 BProceeds from government incentives: $315,000,000.00Government incentives received+$315.00 MProceeds from sale of Lehi, Utah fab: $0.00Other: -$33,000,000.00Other investing, net−$33.00 MNet cash used in investing activities: -$8,309,000,000.00. Cash required to fund net payments.Investing cash−$8.31 Binvesting reconciliation: $10,418,000,000.00Cash sources and uses: $17,203,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $8,656,000,000.00Beginning cash$8.66 BEnding cash: Cash, cash equivalents, and restricted cash: $7,052,000,000.00Ending cash$7.05 BExchange-rate effect: $40,000,000.00FX effect+$40.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$121.00 MOperating cash − cash spent on PP&ECash flow / Net income10.93×Operating cash flow ÷ net incomeNet cash change−$1.60 BEnding cash − beginning cash
Chart details

Micron Technology, Inc. cash flow reconciliation, Sep 1, 2023 through Aug 29, 2024

Cash flows for Sep 1, 2023 through Aug 29, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Aug 31, 2023. Ending cash: Aug 29, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Aug 31, 2023
8,656,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
8,507,000,000 US dollars. Net cash provided.
Net income (loss)
778,000,000 US dollars
Depreciation expense and amortization of intangible assets
7,780,000,000 US dollars
Stock-based compensation
833,000,000 US dollars
Provision to write down inventories to net realizable value
0 US dollars
Goodwill impairment
0 US dollars
Receivables
negative 3,581,000,000 US dollars
Inventories
negative 488,000,000 US dollars
Accounts payable and accrued expenses
1,915,000,000 US dollars
Other current liabilities
989,000,000 US dollars
Other
281,000,000 US dollars
Investing activities
negative 8,309,000,000 US dollars. Net cash used.
Expenditures for property, plant, and equipment
negative 8,386,000,000 US dollars
Purchases of available-for-sale securities
negative 1,999,000,000 US dollars
Proceeds from maturities and sales of available-for-sale securities
1,794,000,000 US dollars
Proceeds from government incentives
315,000,000 US dollars
Proceeds from sale of Lehi, Utah fab
0 US dollars
Other
negative 33,000,000 US dollars
Financing activities
negative 1,842,000,000 US dollars. Net cash used.
Repayments of debt
negative 1,897,000,000 US dollars
Payments of dividends to shareholders
negative 513,000,000 US dollars
Repurchases of common stock - repurchase program
negative 300,000,000 US dollars
Payments on equipment purchase contracts
negative 149,000,000 US dollars
Proceeds from issuance of debt
999,000,000 US dollars
Other
18,000,000 US dollars
Operating adjustment reconciliation
11,798,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
2,859,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
10,418,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
40,000,000 US dollars
Ending cash on Aug 29, 2024
7,052,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
17,203,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 1,604,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
10.93×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
8,507,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
8,386,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
121,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $7.73B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 8,507,000,000 US dollars minus 8,386,000,000 US dollars equals 121,000,000 US dollars.
Micron Technology, Inc. (MU) FY2024 Annual Statement of Cash Flows Sankey chart
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