MU FY 2015 Earnings Report — Micron Technology, Inc. Revenue & Financial Results | Market Cap Arena

Micron Technology, Inc.MU

FY 2015 Earnings

Reported October 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$16.2B	—	—	—	—
Op. Income	$3.0B	—	—	—	—
Gross Margin	32.2%	—	—	—	—
Net Margin	17.9%	—	—	—	—
EPS (Diluted)	$2.47	—	—	—	—
Free Cash Flow	$1.2B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$16.2B
Cost of Revenue	$11.0B
GROSS PROFIT	$5.2B
R&D Expenses	$1.8B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$720M
Other Expenses	-$267M
Operating Expenses	$2.2B
Cost & Expenses	$13.2B
OPERATING INCOME	$3.0B
Interest Income	$35M
Interest Expense	$371M
Other Income/Expenses	$58M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$157M
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.9B
Net Income Deductions	-$3M
BOTTOM LINE NET INCOME	$2.9B
D&A	$2.7B
EBIT	$3.0B
EBITDA	$5.7B
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$16.2B
Cost of Revenue	$11.0B
GROSS PROFIT	$5.2B
R&D Expenses	$1.8B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$720M
Other Expenses	-$267M
Operating Expenses	$2.2B
Cost & Expenses	$13.2B
OPERATING INCOME	$3.0B
Interest Income	$35M
Interest Expense	$371M
Other Income/Expenses	$58M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$157M
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.9B
Net Income Deductions	-$3M
BOTTOM LINE NET INCOME	$2.9B
D&A	$2.7B
EBIT	$3.0B
EBITDA	$5.7B
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.9B
Depreciation & Amortization	$2.8B
Stock-Based Compensation	$168M
Deferred Income Tax	-$522M
Other Non-Cash Items	$353M
Change in Working Capital	-$495M
OPERATING CASH FLOW	$5.2B
Capital Expenditure	-$4.0B
Acquisitions (Net)	$1M
Purchases of Investments	-$4.5B
Sales/Maturities of Investments	$2.2B
Other Investing Activities	$64M
NET CASH FROM INVESTING	-$6.2B
Net Debt Issuance	$174M
Common Stock Repurchased	-$884M
Common Dividends Paid	$0
Other Financing Activities	-$8M
NET CASH FROM FINANCING	-$718M
FREE CASH FLOW	$1.2B
Net Change in Cash	-$1.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$1.2B
Net Receivables	$2.5B
Inventory	$2.3B
Other Current Assets	$228M
TOTAL CURRENT ASSETS	$8.6B
PP&E (Net)	$10.6B
Goodwill	$23M
Intangible Assets	$449M
Long-Term Investments	$3.5B
Tax Assets	$597M
Other Non-Current Assets	$455M
TOTAL NON-CURRENT ASSETS	$15.5B
TOTAL ASSETS	$24.1B
Account Payables	$1.4B
Short-Term Debt	$763M
Deferred Revenue	$220M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$3.9B
Long-Term Debt	$5.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$698M
TOTAL NON-CURRENT LIABILITIES	$7.0B
TOTAL LIABILITIES	$10.9B
Common Stock	$108M
Additional Paid-In Capital	$7.5B
Retained Earnings	$5.6B
Treasury Stock	-$881M
Accum. Other Comp. Income	$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.3B
Minority Interest	$937M
TOTAL EQUITY	$13.2B
TOTAL LIABILITIES & EQUITY	$24.1B
Total Debt	$7.4B
Net Debt	$5.1B