2012 Q4 Form 10-Q Financial Statement

#000072312513000007 Filed on January 07, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2011 Q4
Revenue $1.834B $2.090B
YoY Change -12.25% -7.19%
Cost Of Revenue $1.617B $1.785B
YoY Change -9.41% 3.3%
Gross Profit $217.0M $305.0M
YoY Change -28.85% -41.79%
Gross Profit Margin 11.83% 14.59%
Selling, General & Admin $119.0M $151.0M
YoY Change -21.19% 7.86%
% of Gross Profit 54.84% 49.51%
Research & Development $224.0M $230.0M
YoY Change -2.61% 24.32%
% of Gross Profit 103.23% 75.41%
Depreciation & Amortization $457.0M $564.0M
YoY Change -18.97% 12.8%
% of Gross Profit 210.6% 184.92%
Operating Expenses $343.0M $381.0M
YoY Change -9.97% 17.23%
Operating Profit -$97.00M -$71.00M
YoY Change 36.62% -118.21%
Interest Expense $57.00M $35.00M
YoY Change 62.86% -7.89%
% of Operating Profit
Other Income/Expense, Net -$59.00M $0.00
YoY Change -100.0%
Pretax Income -$210.0M -$115.0M
YoY Change 82.61% -146.75%
Income Tax $13.00M -$2.000M
% Of Pretax Income
Net Earnings -$275.0M -$187.0M
YoY Change 47.06% -220.65%
Net Earnings / Revenue -14.99% -8.95%
Basic Earnings Per Share -$0.27 -$0.19
Diluted Earnings Per Share -$0.27 -$0.19
COMMON SHARES
Basic Shares Outstanding 1.014B shares 981.4M shares
Diluted Shares Outstanding 1.014B shares 981.4M shares

Balance Sheet

Concept 2012 Q4 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.271B $1.915B
YoY Change 18.59% -20.57%
Cash & Equivalents $2.102B $1.915B
Short-Term Investments $169.0M
Other Short-Term Assets $74.00M $96.00M
YoY Change -22.92% -18.64%
Inventory $1.831B $2.097B
Prepaid Expenses
Receivables $863.0M $1.046B
Other Receivables $224.0M $271.0M
Total Short-Term Assets $5.315B $5.491B
YoY Change -3.21% -5.05%
LONG-TERM ASSETS
Property, Plant & Equipment $7.199B $7.472B
YoY Change -3.65% 6.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $343.0M $397.0M
YoY Change -13.6% -31.67%
Other Assets $324.0M $450.0M
YoY Change -28.0% -49.83%
Total Long-Term Assets $8.752B $8.720B
YoY Change 0.37% -1.29%
TOTAL ASSETS
Total Short-Term Assets $5.315B $5.491B
Total Long-Term Assets $8.752B $8.720B
Total Assets $14.07B $14.21B
YoY Change -1.01% -2.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $825.0M $818.0M
YoY Change 0.86% -35.74%
Accrued Expenses $458.0M $416.0M
YoY Change 10.1% 0.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $266.0M $146.0M
YoY Change 82.19% -68.8%
Total Short-Term Liabilities $2.138B $2.021B
YoY Change 5.79% -26.72%
LONG-TERM LIABILITIES
Long-Term Debt $3.169B $1.973B
YoY Change 60.62% 46.36%
Other Long-Term Liabilities $574.0M $508.0M
YoY Change 12.99% -1.74%
Total Long-Term Liabilities $3.743B $2.481B
YoY Change 50.87% 33.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.138B $2.021B
Total Long-Term Liabilities $3.743B $2.481B
Total Liabilities $5.881B $4.502B
YoY Change 30.63% -29.56%
SHAREHOLDERS EQUITY
Retained Earnings -$1.677B -$557.0M
YoY Change 201.08%
Common Stock $9.063B $8.727B
YoY Change 3.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.469B $8.271B
YoY Change
Total Liabilities & Shareholders Equity $14.07B $14.21B
YoY Change -1.01% -2.78%

Cashflow Statement

Concept 2012 Q4 2011 Q4
OPERATING ACTIVITIES
Net Income -$275.0M -$187.0M
YoY Change 47.06% -220.65%
Depreciation, Depletion And Amortization $457.0M $564.0M
YoY Change -18.97% 12.8%
Cash From Operating Activities $236.0M $404.0M
YoY Change -41.58% -44.81%
INVESTING ACTIVITIES
Capital Expenditures $434.0M $697.0M
YoY Change -37.73% 49.89%
Acquisitions
YoY Change
Other Investing Activities -$3.000M $26.00M
YoY Change -111.54% 420.0%
Cash From Investing Activities -$639.0M -$714.0M
YoY Change -10.5% 63.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.000M
YoY Change
Debt Paid & Issued, Net $52.00M $48.00M
YoY Change 8.33% -92.44%
Cash From Financing Activities $46.00M $65.00M
YoY Change -29.23% -108.15%
NET CHANGE
Cash From Operating Activities $236.0M $404.0M
Cash From Investing Activities -$639.0M -$714.0M
Cash From Financing Activities $46.00M $65.00M
Net Change In Cash -$357.0M -$245.0M
YoY Change 45.71% -51.2%
FREE CASH FLOW
Cash From Operating Activities $236.0M $404.0M
Capital Expenditures $434.0M $697.0M
Free Cash Flow -$198.0M -$293.0M
YoY Change -32.42% -209.74%

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;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our fiscal year is the 52 or 53-week period ending on the Thursday closest to August 31. Our </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">first</font><font style="font-family:inherit;font-size:10pt;"> quarters of fiscal 2013 and 2012 ended on </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">November&#160;29, 2012</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;1, 2011</font><font style="font-family:inherit;font-size:10pt;">, respectively. </font></div></div>
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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;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;">Patent Matters</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;">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;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 2, 2013, Judge Robinson entered a new opinion in our favor holding that Rambus had engaged in spoliation, that Rambus' spoliation was done in bad faith, that the spoliation prejudiced us, and that the appropriate sanction was to declare the twelve Rambus patents in the suit unenforceable against us. &#160;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;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 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: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;">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 (Tyler) 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: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;">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: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;">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. We have filed three petitions for </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">inter-partes</font><font style="font-family:inherit;font-size:10pt;"> review by the Patent and Trademark Office, challenging the validity of each of the patents in suit. The District Court has stayed the litigation pending the outcome of the</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> inter-partes</font><font style="font-family:inherit;font-size:10pt;"> review by the Patent Office.</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;">On March 26, 2012, Semiconductor Technologies, LLC filed a patent infringement action in the U.S. District Court for the Eastern District of Texas (Marshall) against us. The complaint alleges that certain of our DRAM products infringe five U.S. patents and seeks injunctive relief, damages, attorneys' fees, and costs.</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;">On April 27, 2012, Semcon Tech, LLC filed a patent infringement action against us in the U.S. District Court for the District of Delaware. The complaint alleges that our use of various chemical mechanical planarization systems purchased from Applied Materials and others infringes a single U.S. patent and seeks injunctive relief, damages, attorneys' fees, and costs.</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;">Among other things, the above lawsuits pertain to certain of our SDRAM, DDR, DDR2, DDR3, RLDRAM, NAND Flash, 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;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 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;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 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 sought 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. On April 2, 2012, Rambus filed a notice of appeal to the California 1st District Court of Appeal.</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;">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 November 29, 2012, we had paid the full amount into an escrow account in accordance with the settlement agreement.</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;">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 (collectively the "Canadian Cases").&#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. On October 16, 2012, we entered into a settlement agreement resolving these three putative class action cases subject to certain conditions including final court approval of the settlement. The settlement amount did not have a material 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;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;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 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 purchaser cases and the Canadian 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;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><font style="font-family:inherit;font-size:10pt;"> </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;">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 signed 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 purchased from Qimonda 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 three-judge panel will render a decision after a series of hearings with pleadings, arguments and witnesses. A first hearing was held on September 25, 2012. The next hearing is scheduled for February 5, 2013. 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. As of November 29, 2012, the Inotera shares purchased from Qimonda had a net carrying value of $149 million.</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;">Other</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;">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 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;">Under the Sponsor Agreement, we have provided payment guarantees related to financing of capital expenditures. (See "Elpida Memory, Inc." note.)</font></div></div>
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CY2012Q4 us-gaap Minority Interest
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CY2011Q4 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2012Q4 us-gaap Minority Interest Increase From Stock Issuance
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CY2011Q4 us-gaap Net Income Loss
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CY2011Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2011Q4 us-gaap Operating Income Loss
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CY2012Q4 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2011Q4 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2011Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2011Q4 us-gaap Other Nonoperating Income Expense
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83000000 USD
CY2012Q4 us-gaap Payments Of Dividends Minority Interest
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0 USD
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317000000 USD
CY2011Q4 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
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CY2012Q4 us-gaap Payments To Acquire Property Plant And Equipment
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CY2011Q4 us-gaap Payments To Acquire Property Plant And Equipment
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CY2012Q4 us-gaap Prior Period Reclassification Adjustment Description
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to prior period amounts to conform to current period presentation.</font></div></div>
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173000000 USD
CY2011Q4 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2011Q4 us-gaap Proceeds From Minority Shareholders
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138000000 USD
CY2012Q4 us-gaap Proceeds From Minority Shareholders
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0 USD
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CY2012Q4 us-gaap Proceeds From Payments For Other Financing Activities
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230000000 USD
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0 USD
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48000000 USD
CY2012Q4 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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CY2012Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
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CY2011Q4 us-gaap Profit Loss
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CY2012Q4 us-gaap Profit Loss
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CY2012Q4 us-gaap Property Plant And Equipment Gross
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PropertyPlantAndEquipmentNet
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CY2012Q4 us-gaap Receivables Net Current
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CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
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26000000 USD
CY2011Q4 us-gaap Sale Leaseback Transaction Gross Proceeds
SaleLeasebackTransactionGrossProceeds
110000000 USD
CY2011Q4 us-gaap Sales Revenue Net
SalesRevenueNet
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CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
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CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2011Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
981400000 shares
CY2011Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
151000000 USD
CY2012Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
119000000 USD
CY2011Q4 us-gaap Share Based Compensation
ShareBasedCompensation
20000000 USD
CY2012Q4 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.17
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.73
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
11500000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
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
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.007 pure
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.67 pure
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.62 pure
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
160300000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
60900000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
3900000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
5900000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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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
CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
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CY2011Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
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CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
7700000000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8417000000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8186000000 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
CY2012Q4 us-gaap Stockholders Equity Other
StockholdersEquityOther
-41000000 USD
CY2011Q4 us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2012Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
25000000 USD
CY2012Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
31000000 USD
CY2011Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
981400000 shares
CY2012Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1013700000 shares
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1013700000 shares
CY2011Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
981400000 shares
CY2012Q4 mu Available For Sale Securities Debt Maturities After Four Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFourYearsAmortizedCost
28000000 USD
CY2012Q4 mu Available For Sale Securities Debt Maturities After Four Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFourYearsFairValue
27000000 USD
CY2012Q4 mu Available For Sale Securities Debt Maturities After One Through Two Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughTwoYearsAmortizedCost
195000000 USD
CY2012Q4 mu Available For Sale Securities Debt Maturities After One Through Two Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughTwoYearsFairValue
196000000 USD
CY2012Q4 mu Available For Sale Securities Debt Maturities After Two Through Four Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTwoThroughFourYearsAmortizedCost
291000000 USD
CY2012Q4 mu Available For Sale Securities Debt Maturities After Two Through Four Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTwoThroughFourYearsFairValue
292000000 USD
CY2012Q3 mu Equipment Purchase Contracts
EquipmentPurchaseContracts
130000000 USD
CY2012Q4 mu Equipment Purchase Contracts
EquipmentPurchaseContracts
61000000 USD
CY2011Q4 mu Option Indexed To Issuers Equity Settlement Cash Received
OptionIndexedToIssuersEquitySettlementCashReceived
0 USD
CY2012Q4 mu Option Indexed To Issuers Equity Settlement Cash Received
OptionIndexedToIssuersEquitySettlementCashReceived
24000000 USD
CY2011Q4 mu Other Other Operating Income Expense Net
OtherOtherOperatingIncomeExpenseNet
6000000 USD
CY2012Q4 mu Other Other Operating Income Expense Net
OtherOtherOperatingIncomeExpenseNet
23000000 USD
CY2012Q4 mu Payments On Equipment Purchase Contracts
PaymentsOnEquipmentPurchaseContracts
104000000 USD
CY2011Q4 mu Payments On Equipment Purchase Contracts
PaymentsOnEquipmentPurchaseContracts
49000000 USD
CY2012Q4 mu Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Subject To Outstanding Awards
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesSubjectToOutstandingAwards
99400000 shares
CY2012Q4 dei Amendment Flag
AmendmentFlag
false
CY2012Q4 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--08-29
CY2012Q4 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q4 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2012Q4 dei Document Period End Date
DocumentPeriodEndDate
2012-11-29
CY2012Q4 dei Document Type
DocumentType
10-Q
CY2012Q4 dei Entity Central Index Key
EntityCentralIndexKey
0000723125
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
1021780637 shares
CY2012Q4 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q4 dei Entity Registrant Name
EntityRegistrantName
MICRON TECHNOLOGY INC

Files In Submission

Name View Source Status
0000723125-13-000007-index-headers.html Edgar Link pending
0000723125-13-000007-index.html Edgar Link pending
0000723125-13-000007.txt Edgar Link pending
0000723125-13-000007-xbrl.zip Edgar Link pending
a2013q1.htm Edgar Link pending
a2013q1ex31-1ceocert.htm Edgar Link pending
a2013q1ex31-2cfocert.htm Edgar Link pending
a2013q1ex32-1906ceocert.htm Edgar Link pending
a2013q1ex32-2906cfocert.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
mu-20121129.xml Edgar Link completed
mu-20121129.xsd Edgar Link pending
mu-20121129_cal.xml Edgar Link unprocessable
mu-20121129_def.xml Edgar Link unprocessable
mu-20121129_lab.xml Edgar Link unprocessable
mu-20121129_pre.xml Edgar Link unprocessable
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