2011 Q4 Form 10-Q Financial Statement

#000072312512000007 Filed on January 10, 2012

View on sec.gov

Income Statement

Concept 2011 Q4 2010 Q4
Revenue $2.090B $2.252B
YoY Change -7.19% 29.43%
Cost Of Revenue $1.785B $1.728B
YoY Change 3.3% 33.23%
Gross Profit $305.0M $524.0M
YoY Change -41.79% 18.28%
Gross Profit Margin 14.59% 23.27%
Selling, General & Admin $151.0M $140.0M
YoY Change 7.86% 44.33%
% of Gross Profit 49.51% 26.72%
Research & Development $230.0M $185.0M
YoY Change 24.32% 35.04%
% of Gross Profit 75.41% 35.31%
Depreciation & Amortization $564.0M $500.0M
YoY Change 12.8% 1.83%
% of Gross Profit 184.92% 95.42%
Operating Expenses $381.0M $325.0M
YoY Change 17.23% 45.09%
Operating Profit -$71.00M $390.0M
YoY Change -118.21% 94.03%
Interest Expense $35.00M $38.00M
YoY Change -7.89% -157.58%
% of Operating Profit 9.74%
Other Income/Expense, Net $0.00 -$114.0M
YoY Change -100.0% -303.57%
Pretax Income -$115.0M $246.0M
YoY Change -146.75% 16.04%
Income Tax -$2.000M $48.00M
% Of Pretax Income 19.51%
Net Earnings -$187.0M $155.0M
YoY Change -220.65% -24.02%
Net Earnings / Revenue -8.95% 6.88%
Basic Earnings Per Share -$0.19 $0.16
Diluted Earnings Per Share -$0.19 $0.15
COMMON SHARES
Basic Shares Outstanding 981.4M shares 972.9M shares
Diluted Shares Outstanding 981.4M shares 1.031B shares

Balance Sheet

Concept 2011 Q4 2010 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.915B $2.411B
YoY Change -20.57% 54.06%
Cash & Equivalents $1.915B $2.411B
Short-Term Investments
Other Short-Term Assets $96.00M $118.0M
YoY Change -18.64% 55.26%
Inventory $2.097B $1.892B
Prepaid Expenses
Receivables $1.046B $1.128B
Other Receivables $271.0M $234.0M
Total Short-Term Assets $5.491B $5.783B
YoY Change -5.05% 53.44%
LONG-TERM ASSETS
Property, Plant & Equipment $7.472B $7.044B
YoY Change 6.08% 2.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $397.0M $581.0M
YoY Change -31.67% 58.74%
Other Assets $450.0M $897.0M
YoY Change -49.83% 135.43%
Total Long-Term Assets $8.720B $8.834B
YoY Change -1.29% 11.02%
TOTAL ASSETS
Total Short-Term Assets $5.491B $5.783B
Total Long-Term Assets $8.720B $8.834B
Total Assets $14.21B $14.62B
YoY Change -2.78% 24.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $818.0M $1.273B
YoY Change -35.74% 135.3%
Accrued Expenses $416.0M $412.0M
YoY Change 0.97% 59.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $146.0M $468.0M
YoY Change -68.8% -24.27%
Total Short-Term Liabilities $2.021B $2.758B
YoY Change -26.72% 23.02%
LONG-TERM LIABILITIES
Long-Term Debt $1.973B $1.348B
YoY Change 46.36% -37.1%
Other Long-Term Liabilities $508.0M $517.0M
YoY Change -1.74% 106.8%
Total Long-Term Liabilities $2.481B $1.865B
YoY Change 33.03% -22.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.021B $2.758B
Total Long-Term Liabilities $2.481B $1.865B
Total Liabilities $4.502B $6.391B
YoY Change -29.56% -2.14%
SHAREHOLDERS EQUITY
Retained Earnings -$557.0M
YoY Change
Common Stock $8.727B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.271B $8.226B
YoY Change
Total Liabilities & Shareholders Equity $14.21B $14.62B
YoY Change -2.78% 24.65%

Cashflow Statement

Concept 2011 Q4 2010 Q4
OPERATING ACTIVITIES
Net Income -$187.0M $155.0M
YoY Change -220.65% -24.02%
Depreciation, Depletion And Amortization $564.0M $500.0M
YoY Change 12.8% 1.83%
Cash From Operating Activities $404.0M $732.0M
YoY Change -44.81% 124.54%
INVESTING ACTIVITIES
Capital Expenditures $697.0M $465.0M
YoY Change 49.89% -850.0%
Acquisitions
YoY Change
Other Investing Activities $26.00M $5.000M
YoY Change 420.0% -86.49%
Cash From Investing Activities -$714.0M -$436.0M
YoY Change 63.76% 1644.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $48.00M $635.0M
YoY Change -92.44%
Cash From Financing Activities $65.00M -$798.0M
YoY Change -108.15% 261.09%
NET CHANGE
Cash From Operating Activities $404.0M $732.0M
Cash From Investing Activities -$714.0M -$436.0M
Cash From Financing Activities $65.00M -$798.0M
Net Change In Cash -$245.0M -$502.0M
YoY Change -51.2% -727.5%
FREE CASH FLOW
Cash From Operating Activities $404.0M $732.0M
Capital Expenditures $697.0M $465.0M
Free Cash Flow -$293.0M $267.0M
YoY Change -209.74% -31.19%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Recently Issued Accounting Standards</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2011, the Financial Accounting Standards Board ("FASB") issued a new accounting standard on fair value measurements that clarifies the application of existing guidance and disclosure requirements, changes certain fair value measurement principles and requires additional disclosures about fair value measurements. We are required to adopt this standard in the third quarter of 2012. We do not expect this adoption to have a material impact on our financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2011, the FASB issued a new accounting standard on the presentation of comprehensive income. The new standard requires the presentation of comprehensive income, the components of net income and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. We are required to adopt this standard as of the beginning of 2013. The new standard also required presentation of adjustments for items that are reclassified from other comprehensive income to net income in the statement where the components of net income and the components of other comprehensive income are presented, which was indefinitely deferred by an update issued by the FASB in December 2011. The adoption of these standards will only impact the presentation of our financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
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CY2011Q4 us-gaap Loss Contingency Disclosures
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Contingencies</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have accrued a liability and charged operations for the estimated costs of adjudication or settlement of various asserted and unasserted claims existing as of the balance sheet date, including those described below. We are currently a party to other legal actions arising from the normal course of business, none of which is expected to have a material adverse effect on our business, results of operations or financial condition.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Patent Matters</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As is typical in the semiconductor and other high technology industries, from time to time, others have asserted, and may in the future assert, that our products or manufacturing processes infringe their intellectual property rights.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are engaged in litigation with Rambus, Inc. ("Rambus") relating to certain of Rambus' patents and certain of our claims and defenses. Our lawsuits with Rambus are pending in the U.S. District Court for the District of Delaware, U.S. District Court for the Northern District of California, Germany, France, and Italy. On August&#160;28, 2000, we filed a complaint against Rambus in the U.S. District Court for the District of Delaware seeking declaratory and injunctive relief. The complaint alleges, among other things, various anticompetitive activities and also seeks a declaratory judgment that certain Rambus patents are invalid and/or unenforceable. Rambus subsequently filed an answer and counterclaim in Delaware alleging, among other things, infringement of twelve Rambus patents and seeking monetary damages and injunctive relief. We subsequently added claims and defenses based on Rambus' alleged spoliation of evidence and litigation misconduct. The spoliation and litigation misconduct claims and defenses were heard in a bench trial before Judge Robinson in October 2007. On January 9, 2009, Judge Robinson entered an opinion in our favor holding that Rambus had engaged in spoliation and that the twelve Rambus patents in the suit were unenforceable against us. Rambus subsequently appealed the decision to the U.S. Court of Appeals for the Federal Circuit. On May 13, 2011, the Federal Circuit affirmed Judge Robinson's finding of spoliation, but vacated the dismissal sanction and remanded the case to the Delaware District Court for analysis of the remedy based on the Federal Circuit's decision. On January 13, 2006, Rambus filed a lawsuit against us in the U.S. District Court for the Northern District of California alleging that certain of our DDR2, DDR3, RLDRAM and RLDRAM II products infringe as many as fourteen Rambus patents and seeking monetary damages, treble damages, and injunctive relief. The Northern District of California Court stayed the trial of the patent phase of the Northern District of California case upon appeal of the Delaware spoliation issue to the Federal Circuit.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March&#160;6, 2009, Panavision Imaging, LLC filed suit against us and Aptina Imaging Corporation, then a wholly-owned subsidiary, in the U.S. District Court for the Central District of California. The complaint alleged that certain of our and Aptina's image sensor products infringed four Panavision Imaging U.S. patents and sought injunctive relief, damages, attorneys' fees, and costs. On February&#160;7, 2011, the Court ruled that one of the four patents in suit was invalid for indefiniteness. On March&#160;10, 2011, claims relating to the remaining three patents in suit were dismissed with prejudice. Panavision subsequently filed a motion for reconsideration of the Court's decision regarding invalidity of the first patent, and we filed a motion for summary judgment of non-infringement of such patent. On July 8, 2011, the Court issued an order that rescinded its prior indefiniteness decision, and held that the disputed term does not render the claims in suit indefinite. A hearing on motions for summary judgment regarding infringement and validity is scheduled for April 2, 2012.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September 1, 2011, HSM Portfolio LLC and Technology Properties Limited LLC filed a patent infringement action in the U.S. District Court for the District of Delaware against us and seventeen other defendants. The complaint alleges that certain of our DRAM and image sensor products infringe two U.S. patents and seeks injunctive relief, damages, attorneys' fees, and costs.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September 9, 2011, Advanced Data Access LLC filed a patent infringement action in the U.S. District Court for the Eastern District of Texas against us and seven other defendants. On November 16, 2011, Advanced Data Access filed an amended complaint. The amended complaint alleges that certain of our DRAM products infringe two U.S. patents and seeks injunctive relief, damages, attorneys' fees, and costs. </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September 14, 2011, Smart Memory Solutions LLC filed a patent infringement action in the U.S. District Court for the District of Delaware against us and Winbond Electronics Corporation of America.&#160; The complaint alleges that certain of our NOR Flash products infringe a single U.S. patent and seeks injunctive relief, damages, attorneys' fees, and costs.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December 5, 2011, the Board of Trustees for the University of Illinois filed a patent infringement action against us in the U.S. District Court for the Central District of Illinois. The complaint alleges that unspecified semiconductor products of ours infringe three U.S. patents and seeks injunctive relief, damages, attorneys' fees, and costs.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Among other things, the above lawsuits pertain to certain of our SDRAM, DDR SDRAM, DDR2 SDRAM, DDR3 SDRAM, RLDRAM, NOR Flash and image sensor products, which account for a significant portion of our net sales.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are unable to predict the outcome of assertions of infringement made against us and therefore cannot estimate the range of possible loss. A court determination that our products or manufacturing processes infringe the intellectual property rights of others could result in significant liability and/or require us to make material changes to our products and/or manufacturing processes. Any of the foregoing could have a material adverse effect on our business, results of operations or financial condition.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Antitrust Matters</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 5, 2004, Rambus filed a complaint in the Superior Court of the State of California (San Francisco County) against us and other DRAM suppliers which alleged that the defendants harmed Rambus by engaging in concerted and unlawful efforts affecting Rambus DRAM ("RDRAM") by eliminating competition and stifling innovation in the market for computer memory technology and computer memory chips.&#160; Rambus' complaint alleged various causes of action under California state law including, among other things, a conspiracy to restrict output and fix prices, a conspiracy to monopolize, intentional interference with prospective economic advantage, and unfair competition. Rambus is seeking a judgment for damages of approximately $3.9 billion, joint and several liability, trebling of damages awarded, punitive damages, a permanent injunction enjoining the defendants from the conduct alleged in the complaint, interest, and attorneys' fees and costs. Trial began on June 20, 2011, and the case went to the jury on September 21, 2011. On November 16, 2011, the jury found for us on all claims.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At least sixty-eight purported class action price-fixing lawsuits have been filed against us and other DRAM suppliers in various federal and state courts in the United States and in Puerto Rico on behalf of indirect purchasers alleging a conspiracy to increase DRAM prices in violation of federal and state antitrust laws and state unfair competition law, and/or unjust enrichment relating to the sale and pricing of DRAM products during the period from April 1999 through at least June 2002. The complaints seek joint and several damages, trebled, in addition to restitution, costs and attorneys' fees. A number of these cases have been removed to federal court and transferred to the U.S. District Court for the Northern District of California for consolidated pre-trial proceedings. In July, 2006, the Attorneys General for approximately forty U.S. states and territories filed suit in the U.S. District Court for the Northern District of California. The complaints allege, among other things, violations of the Sherman Act, Cartwright Act, and certain other states' consumer protection and antitrust laws and seek joint and several damages, trebled, as well as injunctive and other relief. On October 3, 2008, the California Attorney General filed a similar lawsuit in California Superior Court, purportedly on behalf of local California government entities, alleging, among other things, violations of the Cartwright Act and state unfair competition law. On June&#160;23, 2010, we executed a settlement agreement resolving these purported class-action indirect purchaser cases and the pending cases of the Attorneys General relating to alleged DRAM price-fixing in the United States. Subject to certain conditions, including final court approval of the class settlements, we agreed to pay approximately $67 million in aggregate in three equal installments over a two-year period. As of December 1, 2011, we paid $45 million into an escrow account in accordance with the settlement agreement.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Three putative class action lawsuits alleging price-fixing of DRAM products also have been filed against us in Quebec, Ontario, and British Columbia, Canada, on behalf of direct and indirect purchasers, asserting violations of the Canadian Competition Act and other common law claims.&#160; The claims were initiated between December 2004 (British Columbia) and June 2006 (Quebec). The plaintiffs seek monetary damages, restitution, costs, and attorneys' fees. The substantive allegations in these cases are similar to those asserted in the DRAM antitrust cases filed in the United States.&#160; Plaintiffs' motion for class certification was denied in the British Columbia and Quebec cases in May and June 2008, respectively.&#160; Plaintiffs subsequently filed an appeal of each of those decisions.&#160; On November 12, 2009, the British Columbia Court of Appeal reversed, and on November 16, 2011, the Quebec Court of Appeal also reversed, the denial of class certification and remanded the cases for further proceedings.&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 21, 2010, the Brazil Secretariat of Economic Law of the Ministry of Justice ("SDE") announced that it had initiated an investigation relating to alleged anticompetitive activities within the DRAM industry. The SDE's Notice of Investigation names various DRAM manufacturers and certain executives, including us, and focuses on the period from July 1998 to June 2002.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On September&#160;24, 2010, Oracle America Inc. ("Oracle"), successor to Sun Microsystems, a DRAM purchaser that opted-out of a direct purchaser class action suit that was settled, filed suit against us in U.S. District Court for the Northern District of California. The complaint alleges a conspiracy to increase DRAM prices and other violations of federal and state antitrust and unfair competition laws based on purported conduct for the period from August&#160;1, 1998 through at least June&#160;15, 2002. Oracle is seeking joint and several damages, trebled, as well as restitution, disgorgement, attorneys' fees, costs and injunctive relief.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are unable to predict the outcome of these matters and therefore cannot estimate the range of possible loss, except as noted in the U.S. indirect purchasers cases above. The final resolution of these alleged violations of antitrust laws could result in significant liability and could have a material adverse effect on our business, results of operations or financial condition.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Commercial Matters</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January&#160;20, 2011, Dr. Michael Jaff&#233;, administrator for Qimonda AG ("Qimonda") insolvency proceedings, filed suit against us and Micron Semiconductor B.V., our Netherlands subsidiary, in the District Court of Munich, Civil Chamber. The complaint seeks to void under Section 133 of the German Insolvency Act a share purchase agreement between us and Qimonda in fall 2008 pursuant to which we purchased all of Qimonda's shares of Inotera Memories, Inc. and seeks an order requiring us to retransfer the Inotera shares to the Qimonda estate. The complaint also seeks to terminate under Sections 103 or 133 of the German Insolvency Code a patent cross license between us and Qimonda entered into at the same time as the share purchase agreement. A hearing scheduled to begin on November 9, 2011 was continued and has not yet been rescheduled. We are unable to predict the outcome of this lawsuit and therefore cannot estimate the range of possible loss. The final resolution of this lawsuit could result in the loss of the Inotera shares or equivalent monetary damages and the termination of the patent cross license, which could have a material adverse effect on our business, results of operation or financial condition.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the normal course of business, we are a party to a variety of agreements pursuant to which we may be obligated to indemnify the other party. It is not possible to predict the maximum potential amount of future payments under these types of agreements due to the conditional nature of our obligations and the unique facts and circumstances involved in each particular agreement. Historically, our payments under these types of agreements have not had a material adverse effect on our business, results of operations or financial condition.</font></div></div>
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
Black-Scholes
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.011 pure
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.58 pure
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
170600000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
67400000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
5900000 shares
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
4100000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.95
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.82
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
103200000 shares
CY2011Q3 us-gaap Stockholders Equity
StockholdersEquity
8470000000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
8271000000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9709000000 USD
CY2011Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9852000000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9994000000 USD
CY2010Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9816000000 USD
CY2010Q4 us-gaap Stockholders Equity Other
StockholdersEquityOther
-14000000 USD
CY2011Q4 us-gaap Stockholders Equity Other
StockholdersEquityOther
-19000000 USD
CY2011Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
32000000 USD
CY2011Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
30000000 USD
CY2011Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2010Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
58400000 shares
CY2011Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
981400000 shares
CY2010Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1031300000 shares
CY2010Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
972900000 shares
CY2011Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
981400000 shares
CY2010Q4 mu Debt Exchange Convertible Debt Face Amount
DebtExchangeConvertibleDebtFaceAmount
175000000 USD
CY2011Q4 mu Debt Exchange Convertible Debt Face Amount
DebtExchangeConvertibleDebtFaceAmount
0 USD
CY2011Q4 mu Disposal Group Not Discontinued Operation Divestiture Amount Of Shares Received
DisposalGroupNotDiscontinuedOperationDivestitureAmountOfSharesReceived
20000000 shares
CY2011Q4 mu Dram Research And Development Expense Reimbursement
DramResearchAndDevelopmentExpenseReimbursement
37000000 USD
CY2010Q4 mu Dram Research And Development Expense Reimbursement
DramResearchAndDevelopmentExpenseReimbursement
30000000 USD
CY2011Q4 mu Equipment Purchase Contracts
EquipmentPurchaseContracts
56000000 USD
CY2011Q3 mu Equipment Purchase Contracts
EquipmentPurchaseContracts
67000000 USD
CY2011Q4 mu Gain On Patent Cross License Agreement
GainOnPatentCrossLicenseAgreement
0 USD
CY2010Q4 mu Gain On Patent Cross License Agreement
GainOnPatentCrossLicenseAgreement
200000000 USD
CY2011Q1 mu Gain On Patent Cross License Agreement
GainOnPatentCrossLicenseAgreement
40000000 USD
CY2011Q2 mu Gain On Patent Cross License Agreement
GainOnPatentCrossLicenseAgreement
35000000 USD
CY2011 mu Gain On Patent Cross License Agreement
GainOnPatentCrossLicenseAgreement
275000000 USD
CY2011Q4 mu Other Other Operating Income Expense Net
OtherOtherOperatingIncomeExpenseNet
6000000 USD
CY2010Q4 mu Other Other Operating Income Expense Net
OtherOtherOperatingIncomeExpenseNet
-2000000 USD
CY2010Q4 mu Payments On Equipment Purchase Contracts
PaymentsOnEquipmentPurchaseContracts
105000000 USD
CY2011Q4 mu Payments On Equipment Purchase Contracts
PaymentsOnEquipmentPurchaseContracts
49000000 USD
CY2010Q4 mu Rd Expenses Reduced By Reimbursements From Third Party
RdExpensesReducedByReimbursementsFromThirdParty
23000000 USD
CY2011Q4 mu Rd Expenses Reduced By Reimbursements From Third Party
RdExpensesReducedByReimbursementsFromThirdParty
22000000 USD
CY2011Q4 mu Unrecorded Unconditional Purchase Obligation Percentage
UnrecordedUnconditionalPurchaseObligationPercentage
0.5 pure
CY2011Q4 dei Amendment Flag
AmendmentFlag
false
CY2011Q4 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--08-30
CY2011Q4 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2011Q4 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2011Q4 dei Document Period End Date
DocumentPeriodEndDate
2011-12-01
CY2011Q4 dei Document Type
DocumentType
10-Q
CY2011Q4 dei Entity Central Index Key
EntityCentralIndexKey
0000723125
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
987819681 shares
CY2011Q4 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2011Q4 dei Entity Registrant Name
EntityRegistrantName
MICRON TECHNOLOGY INC

Files In Submission

Name View Source Status
0000723125-12-000007-index-headers.html Edgar Link pending
0000723125-12-000007-index.html Edgar Link pending
0000723125-12-000007.txt Edgar Link pending
0000723125-12-000007-xbrl.zip Edgar Link pending
a2012q1.htm Edgar Link pending
a2012q1ex31-1.htm Edgar Link pending
a2012q1ex31-2.htm Edgar Link pending
a2012q1ex32-1.htm Edgar Link pending
a2012q1ex32-2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
mu-20111201.xml Edgar Link completed
mu-20111201.xsd Edgar Link pending
mu-20111201_cal.xml Edgar Link unprocessable
mu-20111201_def.xml Edgar Link unprocessable
mu-20111201_lab.xml Edgar Link unprocessable
mu-20111201_pre.xml Edgar Link unprocessable
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