Micron Technology, Inc., Reports Results for the Third Quarter of Fiscal 2017


CONSOLIDATED FINANCIAL SUMMARY, Continued
       
As of  June 1,
 2017
  March 2,
 2017
  September 1,
 2016
Cash and short-term investments $4,330  $3,898  $4,398 
Receivables 3,497  2,891  2,068 
Inventories 3,064  3,000  2,889 
Total current assets 11,023  9,945  9,495 
Long-term marketable investments 471  589  414 
Property, plant, and equipment, net 19,014  19,098  14,686 
Total assets 33,267  32,355  27,540 
       
Accounts payable and accrued expenses 3,656  3,801  3,879 
Current debt (2) 1,161  1,117  756 
Total current liabilities 5,143  5,207  4,835 
Long-term debt (2) 10,485  11,308  9,154 
       
Total Micron shareholders' equity (5) 16,171  14,287  12,080 
Noncontrolling interests in subsidiaries 848  848  848 
Total equity 17,019  15,135  12,928 
          


   Nine months ended
   June 1,
 2017
  June 2,
 2016
Net cash provided by operating activities $4,950  $2,272 
Net cash provided by (used for) investing activities (6,239) (1,642)
Net cash provided by (used for) financing activities 1,207  1,703 
     
Depreciation and amortization 2,888  2,360 
Investments in capital expenditures (3,730) (3,908)
Acquisition of Inotera   (2,634 )    
Proceeds from issuance of debt and equipment sale-leaseback transactions   3,136     2,704  
Repayments of debt   (1,774 )   (689 )
             

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