Crucial 2014 Annual Report Download - page 59

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57
Unaudited Pro Forma Financial Information
The following unaudited pro forma financial information presents the combined results of operations as if the MMJ
Acquisition had occurred on September 2, 2011. The pro forma financial information includes the accounting effects of the
business combination, including adjustments to the amortization of intangible assets, depreciation of property, plant and
equipment, interest expense and elimination of intercompany activities. The historical results of operations of the MMJ Group
for the eleven months ended May 31, 2013 included a gain of $1.69 billion for the forgiveness of debt related to liabilities
subject to compromise upon approval of the bankruptcy by the creditors and the Japan Court and, for the year ended June 30,
2012, included a $2.83 billion loss for impairment of long-lived assets. No adjustments were made to the unaudited pro forma
financial information for these items, consistent with the requirements for preparation of the pro forma financial information.
The unaudited pro forma financial information below is not necessarily indicative of either future results of operations or
results that might have been achieved had the MMJ Acquisition occurred on September 2, 2011.
For the year ended 2013 2012
Net sales $ 12,494 $ 11,492
Net income (loss) 3,825 (4,439)
Net income (loss) attributable to Micron 3,770 (4,471)
Earnings (loss) per share:
Basic $ 3.69 $ (4.51)
Diluted 3.57 (4.51)
The unaudited pro forma financial information for 2013 includes our results for the year ended August 29, 2013, which
includes one month of results from the MMJ Group following the closing of the MMJ Acquisition, and the results of the MMJ
Group, including the adjustments described above, for the eleven months ended May 31, 2013. The pro forma information for
2012 includes our results for the year ended August 30, 2012 and the results of the MMJ Group, including the adjustments
described above, for the year ended June 30, 2012.
Investments
The fair values of available-for-sale investments, which approximated amortized costs, were as follows:
As of 2014 2013
Money market funds $ 1,281 $ 1,188
Corporate bonds 561 414
Certificates of deposit 437 349
Government securities 420 168
Asset-backed securities 128 97
Commercial paper 107 61
Marketable equity securities 1 6
$ 2,935 $ 2,283