Crucial 2014 Annual Report Download - page 111

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109
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 28,
2014 August 29,
2013 August 30,
2012
Net cash (used for) provided by operating activities $ 888 $ (347) $ (48)
Cash flows from investing activities
Purchases of available-for-sale securities (1,047)(924)(559)
Expenditures for property, plant, and equipment (323)(281)(682)
Cash contributions to subsidiaries (121)(23)(84)
Expenditures for intangible assets (43)(34)(40)
Payments to settle hedging activities (27)(256)(51)
Cash paid for MMJ Acquisition — (596) —
Loan to equity method investee — (45) —
Cash paid to terminate lease to IMFT — — (107)
Additions to equity method investments — — (17)
Proceeds from sales and maturities of available-for-sale securities 557 678 151
Proceeds from repayment of loans to subsidiaries, net 379 851 556
Cash distributions from subsidiaries 227 38 499
Cash received from disposition of interest in Aptina 105 — —
Proceeds from receipt of loan payments 56 — —
Proceeds from sales of property, plant and equipment 45 38 63
Proceeds from settlement of hedging activities 23 38 26
Other 7 9 (28)
Net cash used for investing activities (162)(507)(273)
Cash flows from financing activities
Repayments of debt (2,469)(777)(117)
Cash paid to purchase stock under equity plans (76)(5)(6)
Payments on equipment purchase contracts (69)(73)(41)
Payments of licensing obligations (47)(31)(18)
Debt issuance costs (33)(17)(21)
Cash paid for capped call transactions — (48)(103)
Proceeds from issuance of debt 1,750 693 1,113
Proceeds from issuance of stock under equity plans 265 150 5
Proceeds from equipment sale-leaseback transactions — 126 439
Cash received for capped call transactions — 24 —
Other 1 2 —
Net cash provided by (used for) financing activities (678) 44 1,251
Effect of changes in currency exchange rates on cash and cash
equivalents (1) — —
Net increase (decrease) in cash and equivalents 47 (810) 930
Cash and equivalents at beginning of period 1,202 2,012 1,082
Cash and equivalents at end of period $ 1,249 $ 1,202 $ 2,012
See accompanying notes to condensed financial statements.