Micron Technology, Inc., Reports Results for the Second Quarter of Fiscal 2016


       
CONSOLIDATED FINANCIAL SUMMARY, Continued
       
As of  March 3,
 2016
  December 3,
 2015
  September 3,
 2015
Cash and short-term investments $4,035  $3,641  $3,521 
Receivables 1,984  2,223  2,507 
Inventories 2,608  2,435  2,340 
Total current assets 8,805  8,510  8,596 
Long-term marketable investments 1,108  1,771  2,113 
Property, plant, and equipment, net 11,819  11,060  10,554 
Total assets 24,819  24,388  24,143 
       
Accounts payable and accrued expenses 3,087  2,784  2,611 
Current debt (1)(3) 1,125  1,051  1,089 
Total current liabilities 4,411  4,025  3,905 
Long-term debt (1)(3) 6,494  6,326  6,252 
       
Total Micron shareholders' equity 12,264  12,301  12,302 
Noncontrolling interests in subsidiaries 975  974  937 
Total equity 13,239  13,275  13,239 
          


   
   Six Months Ended
   March 3,
 2016
  March 5,
 2015
Net cash provided by operating activities $1,883  $2,843 
Net cash provided by (used for) investing activities (1,026) (3,202)
Net cash provided by (used for) financing activities (68) (144)
     
Depreciation and amortization 1,575  1,355 
Expenditures for property, plant, and equipment   (2,209 )   (1,522 )
Repayments of debt   (519 )   (1,149 )
Proceeds from issuance of debt   598     1,254  
Cash paid to acquire treasury stock   (147 )   (244 )
             

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