Micron Technology, Inc. Reports Results for the Second Quarter of Fiscal 2023

RECONCILIATION OF GAAP TO NON-GAAP MEASURES, Continued

  2nd Qtr. 1st Qtr. 2nd Qtr.
  March 2,
2023
December 1,
2022
March 3,
2022
    
GAAP net cash provided by operating activities$343 $943 $3,628 
    
Expenditures for property, plant, and equipment (2,205) (2,449) (2,611)
Proceeds from sales of property, plant, and equipment 17  23  27 
Payments on equipment purchase contracts (29) (47) (27)
Amounts funded by partners 62  2  11 
Investments in capital expenditures, net (2,155) (2,471) (2,600)
Adjusted free cash flow$(1,812 ) $ (1,528 ) $ 1,028  

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