Micron Technology, Inc. Reports Results for the Second Quarter of Fiscal 2023

MICRON TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)

Six months ended March 2,
2023
March 3,
2022
   
Cash flows from operating activities  
Net income (loss)$(2,507)$4,569 
Adjustments to reconcile net income (loss) to net cash provided by operating activities:  
Depreciation expense and amortization of intangible assets 3,863  3,413 
Provision to write-down inventories to net realizable value 1,430   
Stock-based compensation 303  247 
(Gain) loss on debt repurchases   83 
Change in operating assets and liabilities:  
Receivables 2,910  (44)
Inventories (2,896) (900)
Accounts payable and accrued expenses (1,795) 107 
Other (22) 91 
Net cash provided by operating activities  1,286     7,566  
     
Cash flows from investing activities    
Expenditures for property, plant, and equipment   (4,654 )   (5,876 )
Purchases of available-for-sale securities   (293 )   (922 )
Proceeds from maturities of available-for-sale securities   765     631  
Proceeds from government incentives   64     66  
Proceeds from sales of available-for-sale securities   8     172  
Proceeds from sale of Lehi, Utah fab       893  
Other   (71 )   (140 )
Net cash provided by (used for) investing activities   (4,181 )   (5,176 )
     
Cash flows from financing activities    
Proceeds from issuance of debt   5,221     2,000  
Repurchases of common stock - repurchase program   (425 )   (667 )
Payments of dividends to shareholders   (252 )   (224 )
Payments on equipment purchase contracts   (76 )   (105 )
Repayments of debt   (53 )   (1,981 )
Other   19     (2 )
Net cash provided by (used for) financing activities   4,434     (979 )
     
Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash   9     (16 )
     
Net increase (decrease) in cash, cash equivalents, and restricted cash   1,548     1,395  
Cash, cash equivalents, and restricted cash at beginning of period   8,339     7,829  
Cash, cash equivalents, and restricted cash at end of period $ 9,887   $ 9,224  



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »
Featured Video
Latest Blog Posts
Sanjay GangalAECCafe Today
by Sanjay Gangal
AEC Industry Predictions for 2025 — vGIS
Sanjay GangalIndustry Predictions
by Sanjay Gangal
AEC Industry Predictions for 2025 — QeCAD
Jobs
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Upcoming Events
Consumer Electronics Show 2025 - CES 2025 at Las Vegas Convention Center Las Vegas NV - Jan 7 - 10, 2025
Commercial UAV Expo 2025 at Amsterdam Netherlands - Apr 8 - 10, 2025
Commercial UAV Expo 2025 at RAI Amsterdam Amsterdam Netherlands - Apr 8 - 11, 2025
Geospatial World Forum 2025 at Madrid Marriott Auditorium Madrid Spain - Apr 22 - 25, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise