Micron Technology, Inc., Reports Results for The Fourth Quarter and Full Year of 2017


CONSOLIDATED FINANCIAL SUMMARY, Continued
 
As of  August 31,
 2017
  June 1,
 2017
  September 1,
 2016
Cash and short-term investments $5,428  $4,330  $4,398 
Receivables 3,759  3,497  2,068 
Inventories 3,123  3,064  2,889 
Total current assets 12,457  11,023  9,495 
Long-term marketable investments 617  471  414 
Property, plant, and equipment, net 19,431  19,014  14,686 
Total assets 35,336  33,267  27,540 
       
Accounts payable and accrued expenses 3,664  3,656  3,879 
Current debt (2) 1,262  1,161  756 
Total current liabilities 5,334  5,143  4,835 
Long-term debt (2) 9,872  10,485  9,154 
       
Total Micron shareholders' equity 18,621  16,171  12,080 
Noncontrolling interests in subsidiaries 849  848  848 
Total equity 19,470  17,019  12,928 


   Year Ended
   August 31,
 2017
  September 1,
 2016
Net cash provided by operating activities $8,153  $3,168 
Net cash provided by (used for) investing activities (a) (7,537) (3,044)
Net cash provided by (used for) financing activities 349  1,745 
     
Depreciation and amortization 3,986  3,106 
Investments in capital expenditures (5,253) (5,863)
Acquisition of Inotera (2,634)  
Proceeds from issuance of debt and equipment sale-leaseback transactions 3,311  2,964 
Repayments of debt   (2,558 )   (870 )
(a) 2016 amount adjusted for the retrospective adoption of ASU 2016-18 – Restricted Cash.  
   

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