Crucial 2012 Annual Report Download - page 46

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MICRON TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions except per share amounts)
For the year ended August 30, 2012 September 1, 2011 September 2, 2010
Net sales $ 8,234 $ 8,788 $ 8,482
Cost of goods sold 7,266 7,030 5,768
Gross margin 968 1,758 2,714
Selling, general and administrative 620 592 528
Research and development 918 791 624
Other operating (income) expense, net 48 (380)(27)
Operating income (loss) (618) 755 1,589
Interest income 8 23 18
Interest expense (179)(124)(178)
Gain on acquisition of Numonyx — — 437
Other non-operating income (expense), net 35 (103) 54
(754) 551 1,920
Income tax (provision) benefit 17 (203) 19
Equity in net loss of equity method investees (294)(158)(39)
Net income (loss) (1,031) 190 1,900
Net income attributable to noncontrolling interests (1)(23)(50)
Net income (loss) attributable to Micron $ (1,032) $ 167 $ 1,850
Earnings (loss) per share:
Basic $ (1.04) $ 0.17 $ 2.09
Diluted (1.04) 0.17 1.85
Number of shares used in per share calculations:
Basic 991.2 988.0 887.5
Diluted 991.2 1,007.5 1,050.7
See accompanying notes to consolidated financial statements.