| CONSOLIDATED FINANCIAL SUMMARY, Continued | ||||||||||||
| As of |
August 30,
2018 |
May 31,
2018 |
August 31,
2017 | |||||||||
| Cash and short-term investments | $ | 6,802 | $ | 7,071 | $ | 5,428 | ||||||
| Receivables | 5,478 | 4,912 | 3,759 | |||||||||
| Inventories | 3,595 | 3,369 | 3,123 | |||||||||
| Total current assets | 16,039 | 15,499 | 12,457 | |||||||||
| Long-term marketable investments | 473 | 487 | 617 | |||||||||
| Property, plant, and equipment, net | 23,672 | 22,705 | 19,431 | |||||||||
| Restricted cash | 81 | 119 | 107 | |||||||||
| Total assets | 43,376 | 41,845 | 35,336 | |||||||||
| Accounts payable and accrued expenses | 4,611 | 3,998 | 3,664 | |||||||||
| Current debt (1) | 859 | 1,454 | 1,262 | |||||||||
| Total current liabilities | 5,754 | 5,883 | 5,334 | |||||||||
| Long-term debt (1) | 3,777 | 5,890 | 9,872 | |||||||||
| Total Micron shareholders' equity (3) | 32,294 | 28,649 | 18,621 | |||||||||
| Noncontrolling interests in subsidiaries | 870 | 869 | 849 | |||||||||
| Total equity | 33,164 | 29,518 | 19,470 | |||||||||
| Year Ended | ||||||||
|
August 30,
2018 |
August 31,
2017 | |||||||
| Net cash provided by operating activities | $ | 17,400 | $ | 8,153 | ||||
| Net cash provided by (used for) investing activities | (8,216 | ) | (7,537 | ) | ||||
| Net cash provided by (used for) financing activities | (7,776 | ) | 349 | |||||
| Depreciation and amortization | 4,860 | 3,986 | ||||||
| Investments in capital expenditures | (9,085 | ) | (5,253 | ) | ||||
| Acquisition of Inotera | — | (2,634 | ) | |||||
| Repayments of debt | (10,194 | ) | (2,558 | ) | ||||
| Proceeds from issuance of stock (3) | 1,655 | 142 | ||||||
| Proceeds from issuance of debt | 1,009 | 3,311 | ||||||
- In the fourth quarter of 2018, we prepaid or repurchased debt with an aggregate principal amount of $2.00 billion and recognized non-operating losses of $9 million. In addition, we settled convertible notes with an aggregate principal amount of $228 million for cash of $1.27 billion and recognized non-operating gains of $25 million. As of August 30, 2018, $35 million of aggregate principal amount of our convertible notes had converted but will not settle until the first quarter of 2019. As a result of the unsettled conversions, the carrying value of debt increased by $132 million as of August 30, 2018 and we recognized non-operating losses of $15 million in the fourth quarter of 2018.
