Micron Technology, Inc., Reports Results for the Third Quarter

Micron Technology, Inc., Reports Results for the Third Quarter of Fiscal 2018

CONSOLIDATED FINANCIAL SUMMARY, Continued


As of	May 31, 2018		March 1, 2018		August 31, 2017
Cash and short-term investments	$	7,071	$	8,042	$	5,428
Receivables	4,912		4,437		3,759
Inventories	3,369		3,184		3,123
Total current assets	15,499		15,836		12,457
Long-term marketable investments	487		520		617
Property, plant, and equipment, net	22,705		21,864		19,431
Restricted cash	119		113		107
Total assets	41,845		41,263		35,336

Accounts payable and accrued expenses	3,998		4,194		3,664
Current debt ⁽¹⁾	1,454		1,514		1,262
Total current liabilities	5,883		6,135		5,334
Long-term debt ⁽¹⁾	5,890		7,802		9,872

Total Micron shareholders' equity ⁽³⁾	28,649		25,697		18,621
Noncontrolling interests in subsidiaries	869		869		849
Total equity	29,518		26,566		19,470


	Nine Months Ended
	May 31, 2018			June 1, 2017
Net cash provided by operating activities ^(a)	$	12,245		$	4,950
Net cash provided by (used for) investing activities ^(a)	(6,087		)	(6,259		)
Net cash provided by (used for) financing activities	(4,443		)	1,207

Depreciation and amortization	3,552			2,888
Investments in capital expenditures	(6,798		)	(3,730		)
Acquisition of Inotera	—			(2,634		)
Repayments of debt	(6,767		)	(1,774		)
Proceeds from issuance of stock	1,636			108
Proceeds from issuance of debt	969			3,136

^(a) June 1, 2017 amount adjusted for the retrospective adoption of ASU 2016-18 – Restricted Cash.