Micron technology, inc. (MU)
Income statement / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Mar'18Nov'17Aug'17May'17Mar'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10Nov'09Nov'08
Revenue

4,797

5,144

4,870

4,788

5,835

7,913

8,440

7,797

7,351

6,803

6,138

5,566

4,648

3,970

3,217

2,898

2,934

3,350

3,600

3,853

4,166

4,573

4,227

3,982

4,107

4,042

2,843

2,318

2,078

1,834

1,963

2,172

2,009

2,090

2,140

2,139

2,257

2,252

2,493

2,288

1,961

1,740

1,402

Cost of goods sold

3,442

3,778

3,475

2,960

2,971

3,298

3,289

3,074

3,081

3,056

3,026

2,957

2,944

2,959

2,638

2,400

2,355

2,501

2,630

2,651

2,761

2,935

2,842

2,614

2,704

2,761

2,135

1,762

1,712

1,617

1,744

1,938

1,799

1,785

1,819

1,661

1,822

1,728

1,712

1,440

1,319

1,297

1,851

Gross margin

1,355

1,366

1,395

1,828

2,864

4,615

5,151

4,723

4,270

3,747

3,112

2,609

1,704

1,011

579

498

579

849

970

1,202

1,405

1,638

1,385

1,368

1,403

1,281

708

556

366

217

219

234

210

305

321

478

435

524

781

848

642

443

-449

Selling, general, and administrative

223

211

212

206

209

209

215

211

196

191

193

204

187

159

157

148

175

179

170

169

187

193

180

174

177

176

193

127

123

119

139

156

174

151

155

151

146

140

141

190

100

97

102

Research and development

681

640

623

606

601

611

567

603

523

448

447

434

473

470

411

382

403

421

379

406

379

376

358

349

344

320

267

226

214

224

235

231

222

230

209

211

186

185

197

142

148

137

178

Restructure and asset impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

15

-

-

-

-

-

-

-

-

32

55

60

-21

-

5

-

-

-

-

-

-

-

-

-

-

-66

Other operating (income) expense, net

-11

3

90

-6

-97

-36

8

44

16

-11

30

-8

0

-23

-59

5

-5

-2

9

4

16

16

21

-6

-13

-234

-9

1

8

8

22

-30

-18

-6

-77

121

76

191

-10

24

21

-8

-9

Operating income

440

518

650

1,010

1,957

3,759

4,377

3,953

3,567

3,097

2,502

1,963

1,044

359

-32

-27

-5

232

427

631

855

1,085

828

839

869

551

207

149

-23

-97

-138

-188

-204

-82

-45

237

179

390

433

540

415

201

-672

Interest income

34

44

57

52

58

38

34

36

27

23

16

10

8

7

9

10

12

11

11

9

8

7

7

5

6

5

6

2

3

3

1

3

2

2

2

6

7

8

10

4

2

2

10

Interest expense

46

47

39

29

27

33

50

80

88

124

148

153

161

139

135

109

97

96

101

97

83

90

88

80

83

101

64

54

56

57

53

56

35

35

30

28

28

38

41

44

46

47

41

Gain on MMJ Acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

437

-

-

-

Other non-operating income (expense), net

-1

46

-13

-317

-84

9

-15

-193

-53

-204

-49

-83

34

-14

-10

-34

-6

-4

18

-16

-6

-49

198

-21

-122

-80

45

-45

-159

-59

-6

-2

37

0

-5

10

0

-114

-2

1

-1

56

-10

Income (loss) before income taxes, net income (loss) attributable to noncontrolling interests, and equity in net income (loss) of equity method investees

427

561

655

716

1,904

3,773

4,346

3,716

3,453

2,792

2,321

1,737

925

213

-168

-160

-96

143

355

527

774

953

945

743

670

375

1,678

52

-235

-210

-196

-243

-200

-115

-78

225

158

246

400

938

370

212

-713

Income tax (provision) benefit

21

55

71

-135

280

477

20

-109

143

114

-47

92

38

31

3

15

5

-4

-69

104

47

75

-87

72

63

80

5

-1

-9

13

14

-38

9

-2

16

104

35

48

25

-41

4

-7

13

Equity in net income (loss) of equity method investees

1

2

2

0

1

0

-

-2

1

-

1

2

7

-2

1

-40

5

59

47

68

208

124

119

135

134

86

37

-10

-58

-52

-32

-115

-73

-74

-40

-44

-48

-26

-16

-19

13

-17

-5

Net income

407

508

586

851

1,625

3,296

4,326

3,823

3,311

2,678

2,369

1,647

894

180

-170

-215

-96

206

471

491

935

1,002

1,151

806

741

381

1,710

43

-284

-275

-242

-320

-282

-187

-134

77

75

172

359

960

379

202

-731

Net income attributable to noncontrolling interests

2

17

25

11

6

3

1

0

2

0

1

0

0

0

0

0

1

0

0

0

1

-1

1

0

10

23

2

0

2

0

1

0

0

0

1

2

3

17

17

21

14

-2

-13

Net income attributable to Micron

405

491

561

840

1,619

3,293

4,325

3,823

3,309

2,678

2,368

1,647

894

180

-170

-215

-97

206

471

491

934

1,003

1,150

806

731

358

1,708

43

-286

-275

-243

-320

-282

-187

-135

75

72

155

342

939

365

204

-718

Earnings per share
Basic (in dollars per share)

0.37

0.44

0.55

0.76

1.45

2.91

3.75

3.30

2.86

2.36

2.20

1.49

0.81

0.17

-0.17

-0.21

-0.09

0.20

0.44

0.46

0.87

0.94

1.08

0.76

0.69

0.34

1.67

0.04

-0.28

-0.27

-0.24

-0.32

-0.29

-0.19

-0.13

0.07

0.07

0.16

0.36

1.06

0.43

0.24

-0.93

Diluted (in dollars per share)

0.36

0.43

0.54

0.74

1.42

2.81

3.55

3.10

2.67

2.19

2.08

1.40

0.77

0.16

-0.16

-0.21

-0.09

0.19

0.43

0.42

0.78

0.84

0.95

0.68

0.61

0.30

1.64

0.04

-0.28

-0.27

-0.24

-0.32

-0.29

-0.19

-0.12

0.07

0.07

0.15

0.31

0.92

0.39

0.23

-0.93

Number of shares used in per share calculations
Basic (in shares)

1,111

1,107

1,104

1,105

1,114

1,133

1,159

1,159

1,156

1,134

1,111

1,106

1,099

1,040

1,037

1,036

1,036

1,035

1,063

1,073

1,074

1,070

1,067

1,067

1,060

1,046

1,034

1,024

1,016

1,014

1,012

987

982

981

992

998

988

972

970

885

847

846

773

Diluted (in shares)

1,133

1,129

1,128

1,129

1,141

1,174

1,218

1,235

1,238

1,225

1,188

1,177

1,160

1,091

987

1,036

1,036

1,085

1,125

1,170

1,190

1,195

1,205

1,190

1,201

1,196

1,151

1,047

1,016

1,014

1,012

987

982

981

919

1,041

1,037

1,031

1,147

1,049

1,005

1,000

773