Crucial 2013 Annual Report Download - page 121

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120
SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
MICRON TECHNOLOGY, INC.
(Parent Company Only)
CONDENSED STATEMENTS OF CASH FLOWS
(in millions)
For the year ended August 29,
2013 August 30,
2012 September 1,
2011
Net cash (used in) provided by operating activities $(347) $ (48) $ 123
Cash flows from investing activities
Purchases of available-for-sale securities (924)(559)(29)
Cash paid for the acquisition of Elpida (596) — —
Expenditures for property, plant, and equipment (281)(682)(421)
Payments to settle hedging activities (256)(51)(30)
Loan to equity method investee (45) — —
Expenditures for intangible assets (34)(40)(45)
Cash contributions to subsidiaries (23)(84)(767)
Additions to equity method investments — (17)(31)
Cash paid to terminate lease to IMFT — (107) —
Acquisition of additional interest in subsidiaries — — (159)
Proceeds from repayment of loans to subsidiaries, net 851 556 206
Proceeds from sales and maturities of available-for-sale securities 678 151 1
Cash distributions from subsidiaries 38 499 234
Proceeds from sales of property, plant and equipment 38 63 120
Proceeds from settlement hedging activities 38 26 54
Other 9 (28)(10)
Net cash used for investing activities (507)(273)(877)
Cash flows from financing activities
Proceeds from issuance of debt 693 1,113 690
Proceeds from issuance of common stock 150 5 28
Proceeds from equipment sale-leaseback transactions 126 439 202
Cash received for capped call transactions 24 — —
Repayments of debt (777)(117)(557)
Payments on equipment purchase contracts (73)(41)(51)
Cash paid for capped call transactions (48)(103)(57)
Payments of licensing obligations (31)(18)(29)
Debt issuance costs, net (17)(21)(20)
Cash paid to purchase common stock (5)(6)(163)
Other 2 — —
Net cash provided by (used for) financing activities 44 1,251 43
Net increase (decrease) in cash and equivalents (810) 930 (711)
Cash and equivalents at beginning of period 2,012 1,082 1,793
Cash and equivalents at end of period $ 1,202 $ 2,012 $ 1,082
See accompanying notes to condensed financial statements.