Micron Technology, Inc. (MU) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 25.39B | 11.9B | 8.41B | 5.73B | 4.61B | 3.94B | 3.24B | 3.4B | 2.48B | 1.22B | 1.4B | 249M | 24M | 343M | 943M | 3.78B | 3.84B | 3.63B | 3.94B | 3.88B |
| Operating CF Margin % | 61.24% | 49.89% | 61.65% | 50.64% | 49.55% | 48.95% | 37.25% | 43.94% | 36.44% | 20.93% | 29.64% | 6.21% | 0.64% | 9.29% | 23.08% | 56.86% | 44.41% | 46.6% | 51.23% | 46.94% |
| Operating CF Growth % | 450.84% | 201.95% | 159.28% | 68.28% | 85.7% | 223.38% | 131.55% | 1267.47% | 10241.67% | 255.39% | 48.57% | -93.41% | -99.37% | -90.55% | -76.05% | -2.75% | 7.81% | 18.68% | 100.2% | 71.03% |
| Net Income | 28.24B | 13.79B | 5.24B | 3.2B | 1.89B | 1.58B | 1.87B | 887M | 332M | 793M | -1.23B | -1.43B | -1.9B | -2.31B | -195M | 1.49B | 2.63B | 2.26B | 2.31B | 2.72B |
| Depreciation & Amortization | 2.36B | 2.29B | 2.21B | 2.15B | 2.09B | 2.08B | 2.03B | 1.99B | 1.96B | 1.92B | 1.92B | 1.94B | 1.96B | 1.94B | 1.92B | 1.88B | 1.82B | 1.74B | 1.67B | 1.62B |
| Stock-Based Compensation | 355M | 309M | 290M | 262M | 253M | 249M | 220M | 213M | 219M | 213M | 188M | 148M | 145M | 157M | 146M | 136M | 131M | 129M | 118M | 93M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.18B | 0 | 101M | 401M | 0 | 0 | 0 | 0 | -54M | 54M | 44M |
| Other Non-Cash Items | 9.86B | -339M | 238M | -12M | 0 | -1.02B | 173M | 0 | 0 | 5.18B | 72M | 11M | 0 | 1.43B | 0 | 1M | 39M | 0 | 54M | 16M |
| Working Capital Changes | -15.43B | -4.14B | 431M | 130M | 377M | 1.05B | -1.05B | 319M | -24M | -1.71B | 460M | -518M | -582M | -870M | -929M | 266M | -783M | -452M | -265M | -610M |
| Change in Receivables | -11.65B | -7.43B | -871M | -1.65B | -461M | 1.16B | -817M | -1.02B | -803M | -1.26B | -501M | 35M | -182M | 1.07B | 1.84B | 1.1B | -862M | -111M | 67M | -1.11B |
| Change in Inventory | -300M | -62M | 150M | 372M | 280M | -302M | 170M | -363M | -68M | -168M | 111M | -149M | -510M | -1.2B | -1.7B | -1.03B | -246M | -556M | -344M | 52M |
| Change in Payables | 2.4B | 0 | 0 | 824M | 752M | -473M | -241M | 1.07B | 273M | 302M | 271M | -340M | 31M | -739M | -1.06B | 362M | 275M | 149M | -42M | 519M |
| Cash from Investing | -9.57B | -5.53B | -4.59B | -5.2B | -2.59B | -3.15B | -3.15B | -3.6B | -2B | -1.15B | -1.56B | -830M | -1.18B | -1.92B | -2.27B | -3.82B | -2.58B | -2.69B | -2.48B | -2.53B |
| Capital Expenditures | -7.83B | -6.39B | -5.39B | -5.66B | -2.94B | -4.05B | -3.21B | -3.12B | -2.09B | -1.38B | -1.8B | -1.46B | -1.56B | -2.21B | -2.45B | -3.61B | -2.58B | -2.61B | -3.27B | -2.02B |
| CapEx % of Revenue | 18.88% | 26.77% | 39.5% | 50% | 31.59% | 50.35% | 36.81% | 40.26% | 30.63% | 23.76% | 38% | 36.43% | 41.6% | 59.71% | 59.95% | 54.39% | 29.83% | 33.53% | 42.47% | 24.35% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.8B | 1.46B | 1.56B | 0 | 0 | 0 | -5M | 0 | 893M | 2.02B |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 677M | 1.29B | 782M | 698M | 361M | 896M | 7M | 50M | 22M | 147M | -1.73B | -1B | -1.4B | 82M | -89M | -193M | 16M | -52M | -22M | -1.9B |
| Cash from Financing | -4.73B | -2.17B | -3.75B | -1.06B | 540M | 96M | -422M | -474M | -910M | -106M | -352M | -112M | 661M | 1.8B | 2.63B | -840M | -1.16B | -466M | -513M | -1.34B |
| Debt Issued (Net) | -4.75B | -1.68B | -2.94B | -1.01B | 770M | 140M | -84M | -81M | -715M | -49M | -53M | -55M | 842M | 1.84B | 3.33B | -24M | -27M | -32M | 51M | -176M |
| Equity Issued (Net) | -217M | -528M | -667M | 0 | 0 | 0 | 0 | -300M | 0 | 0 | 0 | 0 | 0 | 0 | -425M | -784M | -981M | -408M | -259M | -1.29B |
| Dividends Paid | -171M | -132M | -134M | -130M | -131M | -130M | -131M | -129M | -128M | -127M | -129M | -126M | -126M | -126M | -126M | -126M | -111M | -112M | -112M | 0 |
| Share Repurchases | -217M | -350M | -300M | 0 | 0 | 0 | 0 | -300M | 0 | 0 | 0 | 0 | 0 | 0 | -425M | -784M | -981M | -408M | -259M | -1.29B |
| Other Financing | 408M | 176M | -1M | 81M | -99M | 86M | -207M | 36M | -67M | 70M | -170M | 69M | -55M | 89M | -146M | 94M | -42M | 86M | -193M | 126M |
| Net Change in Cash | 11.09B | 4.2B | 86M | -523M | 2.61B | 866M | -355M | -612M | -437M | -45M | -510M | -714M | -517M | 245M | 1.3B | -922M | 37M | 461M | 934M | 3M |
| Free Cash Flow | 17.56B | 5.52B | 3.02B | 72M | 1.67B | 7.15B | 38M | 285M | 396M | -165M | -395M | -1.21B | -1.54B | -1.86B | -1.51B | 164M | 1.26B | 1.02B | 673M | 1.87B |
| FCF Margin % | 42.36% | 23.12% | 22.15% | 0.64% | 17.97% | 88.76% | 0.44% | 3.68% | 5.81% | -2.83% | -8.36% | -30.22% | -40.96% | -50.42% | -36.87% | 2.47% | 14.58% | 13.06% | 8.76% | 22.59% |
| FCF Growth % | 950.99% | -22.83% | 7852.63% | -74.74% | 321.97% | 4432.12% | 109.62% | 123.51% | 125.76% | 91.14% | 73.77% | -839.02% | -221.98% | -283.09% | -323.77% | -91.23% | -3.15% | 2507.69% | 187.29% | 20866.67% |
| FCF per Share | 15.34 | 4.84 | 2.66 | 0.06 | 1.49 | 6.37 | 0.03 | 0.25 | 0.35 | -0.15 | -0.36 | -1.11 | -1.40 | -1.71 | -1.38 | 0.15 | 1.12 | 0.90 | 0.60 | 1.64 |
| FCF Conversion (FCF/Net Income) | 0.90x | 0.86x | 1.61x | 1.79x | 2.45x | 2.49x | 1.73x | 3.84x | 7.48x | 1.54x | -1.14x | -0.17x | -0.01x | -0.15x | -4.84x | 2.53x | 1.46x | 1.60x | 1.71x | 1.43x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |