Crucial 2011 Annual Report Download - page 45

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MICRON TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions except per share amounts)
See accompanying notes to consolidated financial statements.
44
For the year ended
September 1,
2011
September 2,
2010
September 3,
2009
Net sales
$
8,788
$
8,482
$
4,803
Cost of goods sold
7,030
5,768
5,243
Gross margin
1,758
2,714
(440
)
Selling, general and administrative
592
528
354
Research and development
791
624
647
Other operating (income) expense, net
(380
)
(27
)
235
Operating income (loss)
755
1,589
(1,676
)
Gain on acquisition of Numonyx
—
437
—
Interest income
23
18
22
Interest expense
(124
)
(178
)
(182
)
Other non-operating income (expense), net
(103
)
54
(16
)
551
1,920
(1,852
)
Income tax (provision) benefit
(203
)
19
(1
)
Equity in net income (loss) of equity method investees, net of tax
(158
)
(39
)
(140
)
Net income (loss)
190
1,900
(1,993
)
Net (income) loss attributable to noncontrolling interests
(23
)
(50
)
111
Net income (loss) attributable to Micron
$
167
$
1,850
$
(1,882
)
Earnings (loss) per share:
Basic
$
0.17
$
2.09
$
(2.35
)
Diluted
0.17
1.85
(2.35
)
Number of shares used in per share calculations:
Basic
988.0
887.5
800.7
Diluted
1,007.5
1,050.7
800.7