Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2019

RECONCILIATION OF GAAP TO NON-GAAP MEASURES, Continued

  4th Qtr.  3rd Qtr.  4th Qtr.  Year Ended
  August 29,
2019
  May 30,
2019
  August 30,
2018
  August 29,
2019
  August 30,
2018
GAAP net cash provided by operating activities$2,233  $2,711  $5,155  $13,189  $17,400 
Expenditures for property, plant, and equipment(2,028) (2,403) (2,251) (9,780) (8,879)
Payments on equipment purchase contracts(21) (17) (36) (75) (206)
Amounts funded by partners79  213  225  747  889 
Adjusted free cash flow$263  $504  $3,093  $4,081  $9,204 


As of  August 29,
2019
  May 30,
2019
  August 30,
2018
Cash and short-term investments   $ 7,955     $ 6,689     $ 6,802  
Current and noncurrent restricted cash   127     77     81  
Long-term marketable investments   1,164     1,167     473  
Current and long-term debt   (5,851 )   (4,909 )   (4,636 )
Net cash   $ 3,395     $ 3,024     $ 2,720  

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