Crucial 2014 Annual Report Download - page 49

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47
MICRON TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions except per share amounts)
For the year ended August 28,
2014 August 29,
2013 August 30,
2012
Net sales $ 16,358 $ 9,073 $ 8,234
Cost of goods sold 10,921 7,226 7,266
Gross margin 5,437 1,847 968
Selling, general and administrative 707 562 620
Research and development 1,371 931 918
Restructure and asset impairments 40 126 10
Other operating (income) expense, net 232 (8) 32
Operating income (loss) 3,087 236 (612)
Gain on MMJ Acquisition (33) 1,484 —
Interest income 23 14 8
Interest expense (352)(231)(179)
Other non-operating income (expense), net 8 (218) 29
2,733 1,285 (754)
Income tax (provision) benefit (128)(8) 17
Equity in net income (loss) of equity method investees 474 (83)(294)
Net income (loss) 3,079 1,194 (1,031)
Net income attributable to noncontrolling interests (34)(4)(1)
Net income (loss) attributable to Micron $ 3,045 $ 1,190 $ (1,032)
Earnings (loss) per share:
Basic $ 2.87 $ 1.16 $ (1.04)
Diluted 2.54 1.13 (1.04)
Number of shares used in per share calculations:
Basic 1,060 1,022 991
Diluted 1,198 1,057 991
See accompanying notes to consolidated financial statements.