Crucial 2014 Annual Report Download - page 109

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107
SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
MICRON TECHNOLOGY, INC.
(Parent Company Only)
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(in millions)
For the year ended August 28,
2014 August 29,
2013 August 30,
2012
Net sales $ 5,819 $ 4,404 $ 4,590
Cost of goods sold 3,514 3,721 4,194
Gross margin 2,305 683 396
Selling, general and administrative 264 238 281
Research and development 1,389 921 917
Other operating (income) expense, net 251 77 18
Operating income (loss) 401 (553)(820)
Gain on MMJ Acquisition (33) 1,484 —
Interest income (expense), net (209)(189)(160)
Other non-operating income (expense), net (86)(248) 17
73 494 (963)
Income tax (provision) benefit 18 (1) 8
Equity in earnings (loss) of subsidiaries 2,956 703 29
Equity in net loss of equity method investees (2)(6)(106)
Net income (loss) attributable to Micron 3,045 1,190 (1,032)
Other comprehensive income (loss) (7)(17)(52)
Comprehensive income (loss) attributable to Micron $ 3,038 $ 1,173 $ (1,084)
See accompanying notes to condensed financial statements.