Micron Technology (MU) Financials

Micron Technology Inc. (MU) is a leading provider of advanced memory and storage solutions. As of September 2, 2021, the company reported total revenue of $30.58 billion. Its income statement for the same period showed a gross profit of $12.42 billion, with a net income of $5.08 billion attributable to stockholders. The company's EBIT (earnings before interest and taxes) was $6.48 billion, while its EBITDA (earnings before interest, taxes, depreciation, and amortization) stood at $9.90 billion. These financials indicate Micron Technology's strong performance in the market, solidifying its position as a key player in the industry.

Looking at Micron Technology Inc.'s balance sheet, the company has total assets worth $73.93 billion, with total liabilities amounting to $29.25 billion. The stockholders' equity is calculated at $44.69 billion, reflecting the firm's financial stability. In terms of cash flow, Micron Technology Inc. has consistently maintained positive results. The operating cash flow for the period was $8.45 billion, demonstrating the company's ability to generate cash from its core operations. The financing cash flow and investing cash flow stood at $3.34 billion and -$4.88 billion, respectively. Micron Technology's free cash flow was reported at $5.08 billion, which further showcases the company's strong financial position.

Micron Technology Inc. also holds a significant amount of cash equivalents, providing it with liquidity and flexibility in its operations. The company has cash equivalents worth $5.38 billion, allowing it to seize potential investment opportunities or navigate challenging market conditions. Additionally, Micron Technology Inc. has managed its debt efficiently. Its net debt, calculated by subtracting cash and cash equivalents from total debt, is comparatively low. The total debt stands at $5.68 billion, while the net debt is calculated at $315 million.

In summary, Micron Technology Inc. has delivered robust financial results, reporting impressive revenue, gross profit, and net income figures. The company's solid balance sheet, favorable cash flow position, and prudent management of debt contribute to its overall financial strength. Micron Technology Inc. has firmly established itself as a leader in the memory and storage solutions market, continually driving innovation and meeting the growing demands of the industry.