Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2021


GAAP diluted earnings per share$        2.39$        1.52$        0.87$        5.14$        2.37
Effects of the above adjustments 0.03 0.36 0.21 0.92 0.46
Non-GAAP diluted earnings per share$        2.42$        1.88$        1.08$        6.06$        2.83


RECONCILIATION OF GAAP TO NON-GAAP MEASURES, Continued

   4th Qtr.  3rd Qtr.  4th Qtr.  Year Ended
 
   September 2,  June 3,  September 3,  September 2,  September 3, 
   2021  2021  2020  2021  2020 
       
GAAP net cash provided by operating activities $         3,884 $ 3,560 $ 2,271 $ 12,468 $ 8,306  
Investments in capital expenditures, net          
Expenditures for property, plant, and equipment, net (1)   (2,011 ) (2,185 ) (2,268 ) (9,922 ) (8,154 )
Payments on equipment purchase contracts   (156 ) (16 ) (14 ) (295 ) (63 )
Amounts funded by partners   160   159   122   502   272  
Adjusted free cash flow $         1,877 $ 1,518 $ 111 $ 2,753 $ 361  

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