Micron Technology (MU) FY2022 results: revenue $30.8 billion, up 11.0% on the year
Micron Technology Inc. (MU) reported revenue of $30.8 billion for fiscal 2022, the year ended 1 September 2022, up 11.0% on the year before. Net income was $8.7 billion, up 48.2%, and diluted earnings per share $7.75. The figures are the company's own, from the 10-K it filed with the SEC on 7 October 2022.
Revenue
$30.8 billion
+11.0% on the year
FY2015FY2022
Operating margin
31.5%
22.7% a year earlier
FY2015FY2022
Net income
$8.7 billion
+48.2% on the year
FY2015FY2022
Diluted EPS
$7.75
+50.8% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
15,181
12,468
8,306
+21.8%
Capital expenditure
12,067
10,030
8,223
+20.3%
Free cash flow
3,114
2,438
83.0
+27.7%
Free cash flow margin
10.1%
8.8%
0.4%
Cash from investing
-11,585
-10,589
-7,589
Cash from financing
-2,980
-1,781
-317
Depreciation and amortisation
7,116
6,214
5,650
+14.5%
Share-based compensation
514
378
328
+36.0%
Buybacks
2,432
1,200
176
+102.7%
Dividends paid
461
0.0
0.0
Dividend per share
$0.32
$0.10
n/a
+215.0%
Diluted shares, weighted
1,122m
1,141m
1,131m
-1.7%
Shares outstanding at period end
1,094m
1,119m
1,113m
-2.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
49,907
43,933
38,996
+13.6%
Non-controlling interest
n/a
n/a
0.0
Debt
6,906
6,776
6,643
+1.9%
Operating lease liabilities
610
504
533
+21.0%
Finance lease liabilities
783
649
410
+20.6%
Other liabilities
8,077
6,987
7,096
+15.6%
Total liabilities and equity
66,283
58,849
53,678
+12.6%
Goodwill
1,228
1,228
1,228
0.0%
Intangible assets
421
349
334
+20.6%
Investments
2,716
2,635
1,566
+3.1%
Cash and equivalents
8,262
7,763
7,624
+6.4%
Receivables
4,765
4,920
3,494
-3.2%
Inventory
6,663
4,487
5,373
+48.5%
Other assets
42,228
37,467
34,059
+12.7%
Total assets
66,283
58,849
53,678
+12.6%
10-K for the year ended 1 September 2022, filed 7 October 2022: the filing.