Micron Technology, Inc

Micron Technology, Inc

Home : Nasdaq

Micron Technology, Inc

Stock Code : MU

Micron Technology, Inc

Website : www.micron.com

Micron Technology, Inc

Micron Technology, Inc aimed to define innovation—designing and building some of the world’s most advanced memory and semiconductor technologies. The Micron Technologies, Inc innovation is defined int Memory Cube, Phase Change Memory, and Process Technology.

Micron Technology, Inc memory products are used every day—in products from computing, networking, and server applications, to mobile, embedded, consumer, automotive, and industrial designs.

Micron Technology, Inc is one of the most prolific patent holders in the world. Micron Technology, Inc aims to continuously rethink, recast, and advance new ideas to bring innovation to broader markets and find ways technology can inspire new applications or make fundamental improvements to existing designs.

Micron Technology, Inc declared that the core strength and also the roots of the business are in memory.

Micron Technolgy, Inc actively collaborates with universities and participates in educating for the future. Micron Technology, Inc Micron Foundation is also active with the community.

Micron Technology, Inc Profit and Loss Statement

2012 2011 2010 2009
Net Sales 8,234 8,788 8,482 4,803
Cost of Goods Sold        7,266       7,030       5,768       5,243
Gross Margin           968       1,758       2,714        (440)
Selling, general and admin           620          592          528          354
Research and Development           918          791          624          647
Other operating, net             48        (380)          (27)          235
Operating (Income) expense, net         (618)          755       1,589     (1,676)
Interest (expense) income         (171)        (101)        (160)        (160)
Other non operation, net             35        (103)          491          (16)
Income tax (provision) benefit             17        (203)            19            (1)
Equity in net losses of equity method investees (294) (158) (39) (140)
Net income attributable to non controlling interests (1) (23) (50) 111
Net income (loss) (1,032) 167 1,850 (1,882)

Micron made 2 years of profit out of the 4 years . 2009 appears to be a particularly bad year as its topline sales is lower than the other subsequent years. Micron made a major acquition during that period.

Micron Technology, Inc Statement of Cashflow

2012 2011 2010 2009
Net cash from Operating 2,114 2,484 3,096 1,206
Net cash from Investing (2,312) (2,042) (448) (674)
Net cash from Financing 497 (1,195) (1,220) (290)
Depreciation n amortization 2,222 2,162 2,005 2,186
Expenditures for PPE (1,699) (2,550) (616) (488)
Payment on equipment purchase (172) (322) (330) (144)
Net contribution from non controlling interests (660) (376) (299) (681)

Micron continue to make positive cash from operations indicating that business appears to be sufficiently self sustainable even in its difficult years of 2012 (current year) and 2009. Micron continues to invest in its properties, plants and equipment even in its difficult years of 2012 (current year) and 2009.

It is a demonstration of the strength of resolve the business has in its capabilities to ride out storms and emerge stronger.

 Micron Technology, Inc Shareholder Information

Basic EPS $ -1.04 0.17 2.08 -2.35
Diluted EPS $ -1.04 0.17 1.76 -2.35
Nos of shares millions
Basic 991 988 888 801
Diluted 991 1,008 1,051 801
Dividend Per Share (cents) 0.00 0.00 0.00 0.00

Micron has not distributed dividends for the past 4 years.

 Micron Technology, Inc Return on Common Shareholder’s Equity

2012 2011 2010 2009
Return on Owner’s Equity -0.123 0.017 0.188 -0.271

Concluding Analysis

Micron an innovation based company appears to suffer high headwinds in the memory business. This can be seen in the high rise and fall of shareholder returns.

Micron did not distribute any dividend during periods of analysis, potential shareholder must be looking for something (like technical plays) in the short run.

The fundamentals remains cloudy for Micron. (27 October 2012)

Earlier this year, Micron announced another potential acquisition. This should strengthen the business as memory chips production behaves more commodity like, where best production volume dictates the entry level price of memory chips. I believe that’s the direction Micron Technology, Inc is moving into.

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