Crucial 2013 Annual Report Download - page 55

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54
MICRON TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions except per share amounts)
For the year ended August 29,
2013 August 30,
2012 September 1,
2011
Net sales $ 9,073 $ 8,234 $ 8,788
Cost of goods sold 7,226 7,266 7,030
Gross margin 1,847 968 1,758
Selling, general and administrative 562 620 592
Research and development 931 918 791
Restructure and asset impairments 126 10 (75)
Other operating (income) expense, net (8) 32 (311)
Operating income (loss) 236 (612) 761
Gain on acquisition of Elpida 1,484 — —
Interest income 14 8 23
Interest expense (231)(179)(124)
Other non-operating income (expense), net (218) 29 (109)
1,285 (754) 551
Income tax (provision) benefit (8) 17 (203)
Equity in net income (loss) of equity method investees (83)(294)(158)
Net income (loss) 1,194 (1,031) 190
Net income attributable to noncontrolling interests (4)(1)(23)
Net income (loss) attributable to Micron $ 1,190 $ (1,032) $ 167
Earnings (loss) per share:
Basic $ 1.16 $ (1.04) $ 0.17
Diluted 1.13 (1.04) 0.17
Number of shares used in per share calculations:
Basic 1,021.7 991.2 988.0
Diluted 1,056.3 991.2 1,007.5
See accompanying notes to consolidated financial statements.